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Flex Stock Forecast, Price & News

+0.03 (+0.27 %)
(As of 09/18/2020 11:12 PM ET)
Today's Range
Now: $11.18
50-Day Range
MA: $11.01
52-Week Range
Now: $11.18
Volume3.64 million shs
Average Volume4.91 million shs
Market Capitalization$5.60 billion
P/E Ratio58.84
Dividend YieldN/A
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. It also provides design and engineering services, such as contract design and joint development manufacturing services, which cover various technical competencies comprising system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services. In addition, the company offers component product solutions that include rigid and flexible printed circuit board fabrication, and power supplies; after-market and forward supply chain logistics services; and reverse logistics and repair services, which comprise returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management for consumer and midrange products, printers, smart phones, consumer medical devices, notebook personal computers, set-top boxes, game consoles, infrastructure products. 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.48 out of 5 stars

Industry, Sector and Symbol

Industry Printed circuit boards
Current SymbolNASDAQ:FLEX



Sales & Book Value

Annual Sales$24.21 billion
Cash Flow$1.73 per share
Book Value$5.62 per share


Net Income$87.58 million


Market Cap$5.60 billion
Next Earnings Date10/22/2020 (Estimated)
+0.03 (+0.27 %)
(As of 09/18/2020 11:12 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Flex (NASDAQ:FLEX) Frequently Asked Questions

How has Flex's stock price 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 (WHO). Since then, FLEX stock has increased by 19.2% and is now trading at $11.18.
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 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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 22nd 2020.
View our earnings forecast for Flex

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) posted its quarterly earnings results on Thursday, July, 30th. The technology company reported $0.23 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.17 by $0.06. The technology company earned $5.15 billion during the quarter, compared to the consensus estimate of $5.01 billion. Flex had a return on equity of 3.29% and a net margin of 0.41%.
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 earnings per share (EPS) guidance of $0.25-0.31 for the period, compared to the Thomson Reuters consensus EPS 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 brokers have issued 1-year target prices for Flex's shares. Their forecasts range from $9.00 to $15.00. On average, they expect Flex's stock price to reach $12.50 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts' price targets for Flex

Are investors shorting Flex?

Flex saw a drop in short interest in August. As of August 31st, there was short interest totaling 7,820,000 shares, a drop of 17.1% from the August 15th total of 9,430,000 shares. Based on an average trading volume of 3,670,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.6% of the shares of the company are sold short.
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), Micron Technology (MU), Advanced Micro Devices (AMD), Intel (INTC), Bank of America (BAC), NVIDIA (NVDA), Energy Transfer LP Unit (ET), Ford Motor (F) and Gilead Sciences (GILD).

Who are Flex's key executives?

Flex's management team includes the following 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)

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 retail and institutional investors. Top institutional investors include FMR LLC (9.94%), Victory Capital Management Inc. (4.46%), Pzena Investment Management LLC (3.53%), Lyrical Asset Management LP (3.33%), Macquarie Group Ltd. (1.93%) and Bank of America Corp DE (1.56%). 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 AQR Capital Management LLC, Shannon River Fund Management LLC, Two Sigma Advisers LP, Swiss National Bank, APG Asset Management N.V., Brandes Investment Partners LP, FMR LLC, and Victory Capital Management 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, Paul Humphries, and Revathi Advaithi.
View insider buying and selling activity for Flex

Which institutional investors are buying Flex stock?

FLEX stock was acquired by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Point72 Asset Management L.P., Alyeska Investment Group L.P., FIL Ltd, Bank of America Corp DE, SG Americas Securities LLC, Marshall Wace North America L.P., and Macquarie Group Ltd.. 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 $11.18.

How big of a company is Flex?

Flex has a market capitalization of $5.60 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 9/21/2020 by MarketBeat.com Staff

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