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NASDAQ:FLEXFlex Stock Price, Forecast & News

$9.61
-0.21 (-2.14 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$9.50
Now: $9.61
$9.92
50-Day Range
$7.49
MA: $8.92
$10.23
52-Week Range
$5.36
Now: $9.61
$14.00
Volume4.58 million shs
Average Volume5.00 million shs
Market Capitalization$4.84 billion
P/E Ratio53.39
Dividend YieldN/A
Beta1.82
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
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:FLEX
CUSIPN/A
Phone65-6876-9899

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.21 billion
Cash Flow$1.65 per share
Book Value$5.70 per share

Profitability

Net Income$87.58 million

Miscellaneous

Employees200,000
Market Cap$4.84 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Flex (NASDAQ:FLEX) Frequently Asked Questions

How has Flex's stock been impacted by COVID-19 (Coronavirus)?

Flex's stock was trading at $9.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FLEX shares have increased by 2.5% and is now trading at $9.61. View which stocks have been most impacted by Coronavirus.

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, July 23rd 2020. View our earnings forecast for Flex.

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) posted its earnings results on Thursday, May, 7th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.04. The technology company had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.53 billion. Flex had a return on equity of 3.02% and a net margin of 0.36%. Flex's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. View Flex's earnings history.

How will Flex's stock buyback program work?

Flex declared that its board has initiated a share repurchase program on Tuesday, August 21st 2018, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for FLEX?

5 analysts have issued 12-month price objectives for Flex's stock. Their forecasts range from $9.00 to $14.00. On average, they expect Flex's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 24.9% from the stock's current price. View analysts' price targets for Flex.

Has Flex been receiving favorable news coverage?

News stories about FLEX stock have trended negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Flex earned a news impact score of -2.1 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutFlex.

Are investors shorting Flex?

Flex saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 9,400,000 shares, a decline of 13.4% from the April 30th total of 10,860,000 shares. Based on an average trading volume of 5,610,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.9% of the shares of the company are short sold. 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), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), Gilead Sciences (GILD), Walt Disney (DIS) and Energy Transfer LP Unit (ET).

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 many different institutional and retail investors. Top institutional investors include Primecap Management Co. CA (14.90%), Wellington Management Group LLP (7.19%), Janus Henderson Group PLC (4.73%), Victory Capital Management Inc. (4.52%), Victory Capital Management Inc. (4.52%) and Iridian Asset Management LLC CT (3.76%). 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 and Revathi Advaithi. 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 AQR Capital Management LLC, Two Sigma Advisers LP, Primecap Management Co. CA, Towle & Co., Morgan Stanley, Lyrical Asset Management LP, Factory Mutual Insurance Co., and Caisse DE Depot ET Placement DU Quebec. 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 major investors are buying Flex stock?

FLEX stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Fred Alger Management LLC, Alliancebernstein L.P., Pzena Investment Management LLC, BlackRock Inc., Janus Henderson Group PLC, Deutsche Bank AG, and Strs Ohio. 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 $9.61.

How big of a company is Flex?

Flex has a market capitalization of $4.84 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 200,000 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 5/26/2020 by MarketBeat.com Staff

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