NASDAQ:FLEXFlex Stock Price, Forecast & News

Flex's stock was trading at $9.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FLEX shares have increased by 4.7% and is now trading at $9.82. View which stocks have been most impacted by Coronavirus.

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.

Flex is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Flex.

Flex Ltd (NASDAQ:FLEX) announced its quarterly earnings data on Thursday, May, 7th. The technology company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 0.36% and a return on equity of 3.04%. The firm's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. View Flex's earnings history.

Flex announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 21st 2018, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its shares are undervalued.

5 equities research analysts have issued 1 year target prices for Flex's shares. 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 22.2% from the stock's current price. View analysts' price targets for Flex.

News coverage about FLEX stock has been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Flex earned a coverage optimism score of -1.8 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Flex.

Flex saw a decrease in short interest in June. As of June 30th, there was short interest totaling 9,040,000 shares, a decrease of 14.5% from the June 15th total of 10,570,000 shares. Based on an average daily volume of 6,070,000 shares, the short-interest ratio is presently 1.5 days. Currently, 1.8% of the company's shares are sold short. View Flex's Current Options Chain.

Some companies that are related to Flex include Jabil (JBL), Plexus (PLXS), Sanmina (SANM), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), IEC Electronics (IEC), SMTC (SMTX), SigmaTron International (SGMA), Eltek (ELTK) and NANO DIMENSION/S (NNDM). View all competitors.

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).

Flex trades on the NASDAQ under the ticker symbol "FLEX."

Flex's stock is owned by many different institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.04%). 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, Paul Humphries and Revathi Advaithi. View institutional ownership trends for Flex.

FLEX stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management 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 activity for 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.

One share of FLEX stock can currently be purchased for approximately $9.82.

Flex has a market capitalization of $4.89 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.

The official website for Flex is www.flex.com.

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]