NASDAQ:FLEXFlex Stock Price, Forecast & News

Flex's stock was trading at $9.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FLEX stock has increased by 5.3% and is now trading at $9.88. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Flex.

Flex is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Flex.

Flex Ltd (NASDAQ:FLEX) issued its quarterly earnings data on Thursday, May, 7th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.04. The technology company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.53 billion. Flex had a net margin of 0.36% and a return on equity of 3.04%. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. View Flex's earnings history.

Flex declared that its Board of Directors has initiated a stock repurchase program on Tuesday, August 21st 2018, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

5 equities research analysts have issued 12 month price objectives for Flex's stock. Their forecasts range from $9.00 to $14.00. On average, they anticipate Flex's stock price to reach $12.00 in the next year. This suggests a possible upside of 21.5% from the stock's current price. View analysts' price targets for Flex.

News stories about FLEX stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Flex earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned news articles 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 near term. View the latest news about Flex.

Flex saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 9,040,000 shares, a decline of 14.5% from the June 15th total of 10,570,000 shares. Based on an average daily volume of 6,070,000 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the shares of the company are sold short. View Flex's Current Options Chain.

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), IEC Electronics (IEC), SMTC (SMTX), SigmaTron International (SGMA), Eltek (ELTK) and NANO DIMENSION/S (NNDM). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Flex investors own include Alibaba Group (BABA), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), Gilead Sciences (GILD), Walt Disney (DIS) and Energy Transfer LP Unit (ET).

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

Flex's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.04%). 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, Paul Humphries and Revathi Advaithi. View institutional ownership trends for Flex.

FLEX stock was bought by a variety of institutional investors in the last quarter, including 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 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 $9.88.

Flex has a market capitalization of $4.92 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]