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Flex Stock Price, Forecast & Analysis (NASDAQ:FLEX)

$12.03
+0.09 (+0.75 %)
(As of 11/15/2019 09:54 AM ET)
Today's Range
$11.99
Now: $12.03
$12.22
50-Day Range
$9.49
MA: $10.80
$12.31
52-Week Range
$7.16
Now: $12.03
$12.54
Volume3,600 shs
Average Volume6.77 million shs
Market Capitalization$6.11 billion
P/E Ratio66.83
Dividend YieldN/A
Beta1.85
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. Read More…

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$1.66 per share
Book Value$5.52 per share

Profitability

Net Income$93.40 million

Miscellaneous

Employees200,000
Market Cap$6.11 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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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 authorized a stock buyback program on Tuesday, August 21st 2018, which allows the company to repurchase $500,000,000.00 in 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 often a sign that the company's board of directors believes its stock is undervalued.

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) released its quarterly earnings data on Thursday, October, 24th. The technology company reported $0.31 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.08) by $0.39. The technology company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.29 billion. Flex had a negative net margin of 0.71% and a negative return on equity of 6.13%. The firm's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. View Flex's Earnings History.

When is Flex's next earnings date?

Flex is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Flex.

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

Flex updated its third quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share (EPS) guidance of $0.32-0.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34. The company issued revenue guidance of $6.0-6.3 billion, compared to the consensus revenue estimate of $6.52 billion.

What price target have analysts set for FLEX?

3 brokerages have issued 1 year price objectives for Flex's stock. Their forecasts range from $11.00 to $12.00. On average, they expect Flex's share price to reach $11.50 in the next twelve months. This suggests that the stock has a possible downside of 3.7%. View Analyst Price Targets for Flex.

What is the consensus analysts' recommendation for Flex?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Flex.

Has Flex been receiving favorable news coverage?

Media coverage about FLEX stock has trended somewhat negative recently, according to InfoTrie. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Flex earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Flex.

Are investors shorting Flex?

Flex saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 8,220,000 shares, an increase of 7.2% from the September 30th total of 7,670,000 shares. Based on an average daily trading volume, of 4,890,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.6% of the shares of the company 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), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Bank of America (BAC), Gilead Sciences (GILD), NVIDIA (NVDA), Advanced Micro Devices (AMD), 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 a number of of retail and institutional investors. Top institutional shareholders include Factory Mutual Insurance Co. (0.39%), State of New Jersey Common Pension Fund D (0.21%), Clear Harbor Asset Management LLC (0.19%), California Public Employees Retirement System (0.17%), Tocqueville Asset Management L.P. (0.14%) and ICM Asset Management Inc. WA (0.08%). 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 institutional investors are selling Flex stock?

FLEX stock was sold by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P., Factory Mutual Insurance Co., Daiwa Securities Group Inc., Campbell & CO Investment Adviser LLC, Lesa Sroufe & Co, Tower Research Capital LLC TRC , ICM Asset Management Inc. WA and Creative Planning. 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 and Paul Humphries. View Insider Buying and Selling for Flex.

Which institutional investors are buying Flex stock?

FLEX stock was purchased by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Deltec Asset Management LLC, SG Americas Securities LLC, Robeco Institutional Asset Management B.V., Fjarde AP Fonden Fourth Swedish National Pension Fund, Clear Harbor Asset Management LLC and Envestnet Asset Management 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 $11.94.

How big of a company is Flex?

Flex has a market capitalization of $6.07 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?

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:  2.5 out of 5 (star star half star)
Outperform Votes:  478 (Vote Outperform)
Underperform Votes:  490 (Vote Underperform)
Total Votes:  968
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 11/15/2019 by MarketBeat.com Staff

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