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

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$8.14 +0.18 (+2.26 %)
(As of 01/20/2019 12:41 PM ET)
Previous Close$8.14
Today's Range$7.95 - $8.18
52-Week Range$6.74 - $19.69
Volume9.13 million shs
Average Volume6.04 million shs
Market Capitalization$4.29 billion
P/E Ratio10.18
Dividend YieldN/A
Beta1.55
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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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$25.44 billion
Cash Flow$1.8627 per share
Book Value$5.72 per share

Profitability

Net Income$428.53 million

Miscellaneous

Employees200,000
Market Cap$4.29 billion
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 has authorized a share repurchase plan on Tuesday, August 21st 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) posted its earnings results on Thursday, October, 25th. The technology company reported $0.29 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.28 by $0.01. The technology company earned $6.71 billion during the quarter, compared to analysts' expectations of $6.81 billion. Flex had a net margin of 1.15% and a return on equity of 9.83%. View Flex's Earnings History.

When is Flex's next earnings date?

Flex is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for Flex.

How can I listen to Flex's earnings call?

Flex will be holding an earnings conference call on Wednesday, January 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8772010168.

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

Flex issued an update on its FY 2019 earnings guidance on Thursday, October, 25th. The company provided earnings per share guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.23. The company issued revenue guidance of $26-27 billion, compared to the consensus revenue estimate of $27.56 billion.Flex also updated its Q3 2019 guidance to $0.29-0.33 EPS.

What price target have analysts set for FLEX?

11 brokerages have issued twelve-month target prices for Flex's stock. Their predictions range from $9.00 to $22.00. On average, they expect Flex's stock price to reach $16.8571 in the next year. This suggests a possible upside of 107.1% from the stock's current price. View Analyst Price Targets for Flex.

What is the consensus analysts' recommendation for Flex?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.

Has Flex been receiving favorable news coverage?

News headlines about FLEX stock have been trending extremely positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Flex earned a media sentiment score of 4.1 on InfoTrie's scale. They also gave media 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 effect on the stock's share price in the near future.

Who are some of Flex's key competitors?

Who are Flex's key executives?

Flex's management team includes the folowing people:
  • Mr. Michael M. McNamara, CEO & Director (Age 62)
  • 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)

Who are Flex's major shareholders?

Flex's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Factory Mutual Insurance Co. (0.88%), Sanders Morris Harris LLC (0.06%), Cerebellum GP LLC (0.01%), KCS Wealth Advisory (0.01%), Advisors Capital Management LLC (0.00%) and Fox Run Management L.L.C. (0.00%). 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 Advisors Capital Management LLC and KCS Wealth Advisory. 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, Paul Humphries and Willy C Shih. View Insider Buying and Selling for Flex.

Which institutional investors are buying Flex stock?

FLEX stock was acquired by a variety of institutional investors in the last quarter, including Factory Mutual Insurance Co., Sanders Morris Harris LLC, Cerebellum GP LLC and Fox Run Management L.L.C.. 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 $8.14.

How big of a company is Flex?

Flex has a market capitalization of $4.29 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.

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:  2.7 out of 5 (star star)
Outperform Votes:  429 (Vote Outperform)
Underperform Votes:  366 (Vote Underperform)
Total Votes:  795
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 1/20/2019 by MarketBeat.com Staff

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