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NASDAQ:FLEX

Flex Stock Forecast, Price & News

$14.49
-0.10 (-0.69 %)
(As of 10/20/2020 12:00 AM ET)
Add
Compare
Today's Range
$14.48
Now: $14.49
$15.62
50-Day Range
$10.02
MA: $11.35
$14.59
52-Week Range
$5.36
Now: $14.49
$15.61
Volume11.61 million shs
Average Volume4.87 million shs
Market Capitalization$7.26 billion
P/E Ratio76.26
Dividend YieldN/A
Beta1.73
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through High Reliability Solutions, Industrial and Emerging Industries, Communications & Enterprise Compute, and Consumer Technologies Group segments. The company provides a portfolio of technologies in electrical/electronics, electromechanical, and software; and cross-industry technologies, including human machine interface, audio and video, system in package, miniaturization, IoT platforms, and power management. It also designs and integrates advanced data center servers, storage and networking equipment, and data center appliances. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; isolated DC/DC converters and non-isolated Point of Load converters for the information and communications technology market; and specialized power module solutions for other markets. Additionally, the company provides after-market and forward supply chain logistics services comprising supplier-managed inventory, inbound freight management, product postponement, build/configure to order, order fulfillment and distribution, asset tracking, and supply chain network design; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. 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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Flex logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.30 out of 5 stars

Industry, Sector and Symbol

Industry Printed circuit boards
Sub-IndustryN/A
Current SymbolNASDAQ:FLEX
CUSIPN/A
Phone65-6876-9899
Employees160,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.21 billion
Cash Flow$1.70 per share
Book Value$5.62 per share

Profitability

Net Income$87.58 million

Miscellaneous

Market Cap$7.26 billion
Next Earnings Date10/29/2020 (Confirmed)
OptionableOptionable
$14.49
-0.10 (-0.69 %)
(As of 10/20/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Flex (NASDAQ:FLEX) Frequently Asked Questions

How has Flex's stock been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Flex?

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
.

When is Flex's next earnings date?

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

How can I listen to Flex's earnings call?

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.

How were Flex's earnings last quarter?

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
.

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

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.

What price target have analysts set for FLEX?

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
.

Are investors shorting 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
.

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), 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).

Who are Flex's key executives?

Flex's management team includes the following people:
  • Ms. Revathi Advaithi, CEO & Director (Age 52, Pay $2.25M)
  • Mr. François P. Barbier, Pres of Global Operations & Components (Age 61, Pay $1.53M)
  • Mr. Christopher E. Collier, Sr. Advisor to the CEO (Age 51, Pay $1.43M)
  • Mr. Paul J. Humphries, Pres of Reliability Solutions (Age 65, Pay $1.18M)
  • Mr. David P. Bennett, Sr. VP & Chief Accounting Officer (Age 50)

What is Flex's stock symbol?

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

Who are Flex's major shareholders?

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
.

Which institutional investors are selling Flex stock?

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
.

Which institutional investors are buying Flex stock?

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
.

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 $14.49.

How big of a company is Flex?

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.

What is Flex's official website?

The official website for Flex is 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]

This page was last updated on 10/20/2020 by MarketBeat.com Staff

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