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

$10.48
-0.19 (-1.78 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$10.45
Now: $10.48
$10.7450
50-Day Range
$9.21
MA: $10.20
$11.23
52-Week Range
$6.74
Now: $10.48
$13.44
Volume1.99 million shs
Average Volume3.77 million shs
Market Capitalization$5.39 billion
P/E Ratio58.22
Dividend YieldN/A
Beta1.83
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$1.6123 per share
Book Value$5.70 per share

Profitability

Net Income$93.40 million

Miscellaneous

Employees200,000
Market Cap$5.39 billion
Next Earnings Date10/24/2019 (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 approved a stock repurchase program on Tuesday, August 21st 2018, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) announced its quarterly earnings results on Thursday, July, 25th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.11. The technology company earned $6.18 billion during the quarter, compared to the consensus estimate of $6.25 billion. Flex had a net margin of 0.09% and a return on equity of 0.73%. Flex's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.24 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, October 24th 2019. View Earnings Estimates for Flex.

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

Flex issued an update on its second quarter earnings guidance on Thursday, July, 25th. The company provided earnings per share (EPS) guidance of $0.29-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.30. The company issued revenue guidance of $6.1-6.5 billion, compared to the consensus revenue estimate of $6.58 billion.

What price target have analysts set for FLEX?

6 brokerages have issued 12-month target prices for Flex's shares. Their predictions range from $9.00 to $12.00. On average, they anticipate Flex's stock price to reach $10.6667 in the next year. This suggests a possible upside of 1.8% from the stock's current price. View Analyst Price Targets for Flex.

What is the consensus analysts' recommendation for Flex?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.

Has Flex been receiving favorable news coverage?

Media stories about FLEX stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news 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 coverage optimism score of -1.3 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Flex.

Are investors shorting Flex?

Flex saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 9,687,300 shares, an increase of 28.3% from the July 15th total of 7,549,700 shares. Based on an average daily trading volume, of 6,250,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.9% of the shares of the company are sold short. 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), Bank of America (BAC), Cisco Systems (CSCO), NVIDIA (NVDA), Gilead Sciences (GILD), Activision Blizzard (ATVI), Starbucks (SBUX) and Walt Disney (DIS).

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 shareholders include Primecap Management Co. CA (15.05%), Victory Capital Management Inc. (4.26%), Janus Henderson Group PLC (3.94%), Janus Henderson Group PLC (3.94%), Lyrical Asset Management LP (3.45%) and D. E. Shaw & Co. Inc. (3.37%). 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 Canada Pension Plan Investment Board, LSV Asset Management, Korea Investment CORP, Brandes Investment Partners LP, Factory Mutual Insurance Co., Vertex One Asset Management Inc., Bank of America Corp DE and AQR Capital Management LLC. 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 Iridian Asset Management LLC CT, Renaissance Technologies LLC, Morgan Stanley, JPMorgan Chase & Co., KCL Capital L.P., Wells Fargo & Company MN, Victory Capital Management Inc. and D. E. Shaw & Co. 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 $10.48.

How big of a company is Flex?

Flex has a market capitalization of $5.39 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:  467 (Vote Outperform)
Underperform Votes:  460 (Vote Underperform)
Total Votes:  927
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 9/21/2019 by MarketBeat.com Staff

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