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.
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Industry, Sector and Symbol
Industry Printed circuit boards
Sub-IndustryN/A
SectorComputer and Technology
Phone65-6876-9899
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$26.31 billion
Profitability
Miscellaneous
Employees200,000
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable
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 of Directors has initiated a stock buyback plan 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 plans are generally a sign that the company's board believes its shares are undervalued.
How were Flex's earnings last quarter?
Flex Ltd (NASDAQ:FLEX) posted its quarterly earnings data on Tuesday, April, 30th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.27. The technology company had revenue of $6.20 billion for the quarter, compared to analysts' expectations of $6.41 billion. Flex had a net margin of 0.36% and a return on equity of 3.03%. The company's revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. View Flex's Earnings History.
When is Flex's next earnings date?
What guidance has Flex issued on next quarter's earnings?
Flex issued an update on its first quarter earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of $0.25-$0.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27. The company issued revenue guidance of $6.1-$6.5 billion, compared to the consensus revenue estimate of $6.46 billion.
What price target have analysts set for FLEX?
7 analysts have issued 1-year price objectives for Flex's shares. Their forecasts range from $9.00 to $12.00. On average, they anticipate Flex's stock price to reach $10.6667 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price. View Analyst Price Targets for Flex.
What is the consensus analysts' recommendation for Flex?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.
Has Flex been receiving favorable news coverage?
Headlines about FLEX stock have trended somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Flex earned a news sentiment score of 1.5 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an impact on the company's share price in the immediate future. View News Stories for Flex.
Are investors shorting Flex?
Flex saw a drop in short interest in the month of April. As of April 30th, there was short interest totalling 12,611,575 shares, a drop of 14.1% from the April 15th total of 14,678,508 shares. Based on an average daily volume of 5,413,468 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.4% of the company's stock are short sold. View Flex's Current Options Chain.
Who are some of Flex's key competitors?
Some companies that are related to Flex include Jabil (JBL), Sanmina (SANM), Plexus (PLXS), TTM Technologies (TTMI), CTS (CTS), Benchmark Electronics (BHE), Celestica (CLS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), IEC Electronics (IEC), Eltek (ELTK), SigmaTron International (SGMA) and NANO DIMENSION/S (NNDM).
What other stocks do shareholders of Flex own?
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 institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (14.85%), Wellington Management Group LLP (7.34%), Victory Capital Management Inc. (3.93%), Janus Henderson Group PLC (3.89%), FMR LLC (3.41%) and Boston Partners (2.69%). 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 major investors are selling Flex stock?
FLEX stock was sold by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, JPMorgan Chase & Co., Wellington Management Group LLP, Factory Mutual Insurance Co., Morgan Stanley, Assenagon Asset Management S.A., Thornburg Investment Management Inc. and Boston Partners. 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.
Which major 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, FMR LLC, Brandes Investment Partners LP, Wells Fargo & Company MN, IPG Investment Advisors LLC, AQR Capital Management LLC, Dimensional Fund Advisors LP 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 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, Scottrade, Fidelity and Charles Schwab.
What is Flex's stock price today?
One share of FLEX stock can currently be purchased for approximately $9.04.
How big of a company is Flex?
Flex has a market capitalization of $4.65 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?
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)
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.
