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

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

Flex announced that its board has initiated a stock buyback 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 reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Flex Ltd (NASDAQ:FLEX) released its quarterly earnings data on Wednesday, January, 30th. The technology company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The technology company earned $6.94 billion during the quarter, compared to analysts' expectations of $6.77 billion. Flex had a return on equity of 4.47% and a net margin of 0.52%. Flex's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share. View Flex's Earnings History.

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

Flex issued an update on its fourth quarter earnings guidance on Wednesday, January, 30th. The company provided earnings per share (EPS) guidance of $0.25 to $0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.26. The company issued revenue guidance of $6.20 billion to $6.60 billion, compared to the consensus revenue estimate of $6.48 billion.Flex also updated its Q4 2019 guidance to $0.25-0.28 EPS.

10 brokers have issued 12 month price objectives for Flex's shares. Their forecasts range from $9.00 to $19.00. On average, they expect Flex's stock price to reach $15.00 in the next year. This suggests a possible upside of 47.2% from the stock's current price. View Analyst Price Targets for Flex.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.

Media headlines about FLEX stock have been trending positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. 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 2.1 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future.

Some companies that are related to Flex include Jabil (JBL), Sanmina (SANM), Plexus (PLXS), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), IEC Electronics (IEC), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA) and Eltek (ELTK).

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), NVIDIA (NVDA), Netflix (NFLX), Starbucks (SBUX), Advanced Micro Devices (AMD) and Gilead Sciences (GILD).

Flex's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.83%), Boston Partners (2.76%), FMR LLC (1.99%), BlackRock Inc. (1.90%), Pzena Investment Management LLC (1.70%) and Bank of America Corp DE (1.66%). 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.

FLEX stock was sold by a variety of institutional investors in the last quarter, including Harris Associates L P, Boston Partners, LSV Asset Management, Daiwa Securities Group Inc., Advisors Capital Management LLC, California Public Employees Retirement System, Millennium Management LLC and Brown Advisory Inc.. 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.

FLEX stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Victory Capital Management Inc., Norges Bank, Bank of America Corp DE, Brandes Investment Partners LP, Macquarie Group Ltd., Canada Pension Plan Investment Board and Pzena Investment Management LLC. 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.

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.

One share of FLEX stock can currently be purchased for approximately $10.19.

Flex has a market capitalization of $5.31 billion and generates $25.44 billion in revenue each year. The technology company earns $428.53 million in net income (profit) each year or $0.80 on an earnings per share basis. Flex employs 200,000 workers across the globe.

The official website for Flex is http://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]