NASDAQ:FLEX - Flex Stock Price, News, & Analysis

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$9.47 -0.25 (-2.57 %)
(As of 05/23/2019 04:00 PM ET)
Previous Close$9.72
Today's Range$9.37 - $9.58
52-Week Range$6.74 - $15.38
Volume5.97 million shs
Average Volume6.81 million shs
Market Capitalization$4.94 billion
P/E Ratio52.61
Dividend YieldN/A
Beta1.8
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. It also provides design and engineering services, such as contract design and joint development manufacturing services, which cover various technical competencies comprising system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services. In addition, the company offers component product solutions that include rigid and flexible printed circuit board fabrication, and power supplies; after-market and forward supply chain logistics services; and reverse logistics and repair services, which comprise returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management for consumer and midrange products, printers, smart phones, consumer medical devices, notebook personal computers, set-top boxes, game consoles, infrastructure products. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1990 and is based in Singapore.

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Industry, Sector and Symbol

Industry Printed circuit boards
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:FLEX
CUSIPN/A
Phone65-6876-9899

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$26.31 billion
Cash Flow$1.7734 per share
Book Value$5.72 per share

Profitability

Net Income$93.40 million

Miscellaneous

Employees200,000
Market Cap$4.94 billion
Next Earnings Date7/25/2019 (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 declared that its board has approved a stock repurchase plan on Tuesday, August 21st 2018, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.9% of its shares through open market purchases. Shares repurchase plans are usually a sign 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 data on Tuesday, April, 30th. The technology company reported $0.27 EPS for the quarter, meeting the Zacks' consensus estimate of $0.27. The technology company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.41 billion. Flex had a net margin of 0.36% and a return on equity of 2.99%. The company's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. View Flex's Earnings History.

When is Flex's next earnings date?

Flex is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Flex.

What guidance has Flex issued on next quarter's earnings?

Flex updated its first quarter earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of $0.25-$0.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27. The company issued revenue guidance of $6.1-$6.5 billion, compared to the consensus revenue estimate of $6.46 billion.

What price target have analysts set for FLEX?

7 Wall Street analysts have issued 12 month price targets for Flex's stock. Their predictions range from $9.00 to $12.00. On average, they anticipate Flex's share price to reach $10.50 in the next year. This suggests a possible upside of 10.9% from the stock's current price. View Analyst Price Targets for Flex.

What is the consensus analysts' recommendation for Flex?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.

Has Flex been receiving favorable news coverage?

News coverage about FLEX stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. 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 companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Flex earned a daily sentiment score of 1.9 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Flex?

Flex saw a decline in short interest in the month of April. As of April 30th, there was short interest totalling 12,611,575 shares, a decline of 14.1% from the April 15th total of 14,678,508 shares. Based on an average trading volume of 5,413,468 shares, the short-interest ratio is presently 2.3 days. Approximately 2.4% of the shares of the stock are short sold. View Flex's Current Options Chain.

Who are some of Flex's key competitors?

What other stocks do shareholders of Flex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Flex investors own include Alibaba Group (BABA), Micron Technology (MU), Intel (INTC), Bank of America (BAC), Cisco Systems (CSCO), NVIDIA (NVDA), Advanced Micro Devices (AMD), Gilead Sciences (GILD), Netflix (nflx) and Starbucks (SBUX).

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 Primecap Management Co. CA (14.85%), Wellington Management Group LLP (7.34%), Victory Capital Management Inc. (3.93%), Janus Henderson Group PLC (3.89%), FMR LLC (3.41%) and Boston Partners (2.69%). 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, William D Watkins and Willy C Shih. 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 Thompson Siegel & Walmsley LLC, JPMorgan Chase & Co., Wellington Management Group LLP, Factory Mutual Insurance Co., Morgan Stanley, Assenagon Asset Management S.A., Thornburg Investment Management Inc. and Boston Partners. 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, Jennifer Li, Lay Koon Tan, Michael M Mcnamara and Paul Humphries. View Insider Buying and Selling for Flex.

Which major investors are buying Flex stock?

FLEX stock was purchased by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, FMR LLC, Brandes Investment Partners LP, Wells Fargo & Company MN, IPG Investment Advisors LLC, AQR Capital Management LLC, Dimensional Fund Advisors LP and Macquarie Group Ltd.. 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, Scottrade, Fidelity and Charles Schwab.

What is Flex's stock price today?

One share of FLEX stock can currently be purchased for approximately $9.47.

How big of a company is Flex?

Flex has a market capitalization of $4.94 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.

What is Flex's official website?

The official website for Flex is http://www.flex.com/.

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)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  447 (Vote Outperform)
Underperform Votes:  406 (Vote Underperform)
Total Votes:  853
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.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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