Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments. The company offers various services, including innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enable customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.
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Industry, Sector and Symbol
Industry Printed circuit boards
Sub-IndustryN/A
SectorComputer and Technology
Phone65-6876-9899
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$26.31 billion
Profitability
Miscellaneous
Employees200,000
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable
Flex (NASDAQ:FLEX) Frequently Asked Questions
What is Flex's stock symbol?
Flex trades on the NASDAQ under the ticker symbol "FLEX."
How will Flex's stock buyback program work?
Flex announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 21st 2018, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.
How were Flex's earnings last quarter?
Flex Ltd (NASDAQ:FLEX) posted its quarterly earnings results on Thursday, January, 30th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.34 by $0.04. The technology company earned $6.46 billion during the quarter, compared to analyst estimates of $6.15 billion. Flex had a negative return on equity of 0.86% and a negative net margin of 0.10%. The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. View Flex's Earnings History.
When is Flex's next earnings date?
What guidance has Flex issued on next quarter's earnings?
Flex updated its fourth quarter earnings guidance on Thursday, January, 30th. The company provided earnings per share guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $5.8-6.2 billion, compared to the consensus revenue estimate of $5.92 billion.
What price target have analysts set for FLEX?
2 Wall Street analysts have issued 12 month price targets for Flex's stock. Their forecasts range from $12.00 to $14.00. On average, they expect Flex's share price to reach $13.00 in the next twelve months. This suggests that the stock has a possible downside of 2.9%. View Analyst Price Targets for Flex.
What is the consensus analysts' recommendation for Flex?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Flex.
Has Flex been receiving favorable news coverage?
News headlines about FLEX stock have trended somewhat positive on Tuesday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Flex earned a media sentiment score of 1.1 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the stock's share price in the next several days. View News Stories for Flex.
Are investors shorting Flex?
Flex saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 10,580,000 shares, a drop of 6.7% from the January 15th total of 11,340,000 shares. Based on an average daily volume of 4,640,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.1% of the shares of the company are sold short. View Flex's Current Options Chain.
Who are some of Flex's key competitors?
Some companies that are related to Flex include Jabil (JBL), Plexus (PLXS), Sanmina (SANM), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), SMTC (SMTX), IEC Electronics (IEC), SigmaTron International (SGMA), Eltek (ELTK) and NANO DIMENSION/S (NNDM).
What other stocks do shareholders of Flex own?
Who are Flex's key executives?
Flex's management team includes the folowing people:
- Mr. Christopher E. Collier, Chief Financial Officer (Age 50)
- Mr. François P. Barbier, Pres of Global Operations & Components (Age 60)
- Mr. Scott Offer, Exec. VP & Gen. Counsel (Age 54)
- Mr. Paul J. Humphries, Pres of High Reliability Solutions (Age 64)
- Ms. Revathi Advaithi, CEO & Director (Age 51)
Who are Flex's major shareholders?
Flex's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (6.74%), Victory Capital Management Inc. (4.60%), Janus Henderson Group PLC (4.54%), Victory Capital Management Inc. (4.34%), Iridian Asset Management LLC CT (3.65%) and Lyrical Asset Management LP (3.54%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, Jennifer Li, Lay Koon Tan, Marc A Onetto, Michael M Mcnamara, Paul Humphries and Revathi Advaithi. View Institutional Ownership Trends for Flex.
Which major investors are selling Flex stock?
FLEX stock was sold by a variety of institutional investors in the last quarter, including Sachem Head Capital Management LP, Alyeska Investment Group L.P., Renaissance Technologies LLC, Victory Capital Management Inc., Victory Capital Management Inc., Credit Suisse AG, IPG Investment Advisors LLC and Caisse DE Depot ET Placement DU Quebec. Company insiders that have sold Flex company stock in the last year include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, Paul Humphries and Revathi Advaithi. View Insider Buying and Selling for Flex.
Which major investors are buying Flex stock?
FLEX stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Alliancebernstein L.P., Bank of America Corp DE, Janus Henderson Group PLC, Pzena Investment Management LLC, Public Sector Pension Investment Board, AQR Capital Management LLC and TCW Group Inc.. Company insiders that have bought Flex stock in the last two years include David Scott Offer and Marc A Onetto. View Insider Buying and Selling for Flex.
How do I buy shares of Flex?
Shares of FLEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Flex's stock price today?
One share of FLEX stock can currently be purchased for approximately $13.40.
How big of a company is Flex?
Flex has a market capitalization of $6.75 billion and generates $26.31 billion in revenue each year. The technology company earns $93.40 million in net income (profit) each year or $0.18 on an earnings per share basis. Flex employs 200,000 workers across the globe.View Additional Information About Flex.
What is Flex's official website?
How can I contact Flex?
Flex's mailing address is 2 CHANGI SOUTH LANE, SINGAPORE U0, 486123. The technology company can be reached via phone at 65-6876-9899 or via email at [email protected]
MarketBeat Community Rating for Flex (NASDAQ FLEX)
MarketBeat's community ratings are surveys of what our community members think about Flex and other stocks. Vote "Outperform" if you believe FLEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FLEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
