Flex Stock Forecast, Price & News

Flex's stock was trading at $9.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FLEX shares have increased by 54.5% and is now trading at $14.49.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Flex.

Flex is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Flex.

Flex will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Flex Ltd. (NASDAQ:FLEX) issued its quarterly earnings data on Thursday, July, 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.06. The technology company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.01 billion. Flex had a net margin of 0.41% and a return on equity of 3.29%.
View Flex's earnings history.

Flex updated its second quarter earnings guidance on Thursday, July, 30th. The company provided EPS guidance of $0.25-0.31 for the period, compared to the Thomson Reuters consensus estimate of $0.24. The company issued revenue guidance of $5.4-5.7 billion, compared to the consensus revenue estimate of $5.42 billion.

5 Wall Street analysts have issued twelve-month price objectives for Flex's stock. Their forecasts range from $12.00 to $16.00. On average, they expect Flex's stock price to reach $14.60 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
View analysts' price targets for Flex.

Flex saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 8,810,000 shares, an increase of 12.7% from the August 31st total of 7,820,000 shares. Based on an average daily volume of 3,460,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.8% of the company's shares are short sold.
View Flex's Short Interest.

Some companies that are related to Flex include Jabil (JBL), Plexus (PLXS), Sanmina (SANM), TTM Technologies (TTMI), Celestica (CLS), CTS (CTS), Benchmark Electronics (BHE), Kimball Electronics (KE), SMTC (SMTX), IEC Electronics (IEC), Key Tronic (KTCC), Nano Dimension (NNDM), SigmaTron International (SGMA) and Eltek (ELTK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Flex investors own include Alibaba Group (BABA), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Bank of America (BAC), NVIDIA (NVDA), Energy Transfer (ET), The Walt Disney (DIS) and Ford Motor (F).

Flex trades on the NASDAQ under the ticker symbol "FLEX."

Flex's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.31%), Peregrine Capital Management LLC (0.14%), Envestnet Asset Management Inc. (0.04%), Investors Research Corp (0.01%), First Hawaiian Bank (0.01%) and Raymond James Trust N.A. (0.00%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, Jennifer Li, Marc A Onetto, Paul Humphries and Revathi Advaithi.
View institutional ownership trends for Flex.

FLEX stock was sold by a variety of institutional investors in the last quarter, including First Hawaiian Bank, and Investors Research Corp. 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 activity for Flex.

FLEX stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Peregrine Capital Management LLC, Campbell & CO Investment Adviser LLC, Envestnet Asset Management Inc., and Raymond James Trust N.A.. 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 activity for 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.

One share of FLEX stock can currently be purchased for approximately $14.49.

Flex has a market capitalization of $7.26 billion and generates $24.21 billion in revenue each year. The technology company earns $87.58 million in net income (profit) each year or $0.17 on an earnings per share basis. Flex employs 160,000 workers across the globe.

The official website for Flex is www.flex.com.

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]