NASDAQ:FLEXFlex Stock Price, Forecast & News

Flex's stock was trading at $9.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FLEX shares have increased by 22.3% and is now trading at $11.47.
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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."
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Flex is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Flex.

Flex Ltd (NASDAQ:FLEX) released its quarterly earnings results on Thursday, July, 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The technology company earned $5.15 billion during the quarter, compared to analysts' expectations of $5.01 billion. Flex had a return on equity of 3.32% and a net margin of 0.41%.
View Flex's earnings history.

Flex declared that its Board of Directors has authorized a stock buyback program on Tuesday, August 21st 2018, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Flex issued an update on 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 earnings per share 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.

5 analysts have issued 1 year target prices for Flex's shares. Their forecasts range from $9.00 to $15.00. On average, they anticipate Flex's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price.
View analysts' price targets for Flex.

News stories about FLEX stock have been trending negative on Monday, according to InfoTrie Sentiment. The research firm identifies negative and positive media 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 five, with scores nearest to five being the most favorable. Flex earned a coverage optimism score of -2.9 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about Flex.

Flex saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 11,860,000 shares, a drop of 10.2% from the June 30th total of 13,200,000 shares. Based on an average daily trading volume, of 5,280,000 shares, the short-interest ratio is currently 2.2 days. Approximately 2.4% of the shares of the stock are short sold.
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), NANO DIMENSION/S (NNDM) and Eltek (ELTK).
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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 a number of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (3.53%), Frontier Capital Management Co. LLC (0.22%), SG Americas Securities LLC (0.12%), Peregrine Capital Management LLC (0.10%), UBS Group AG (0.09%) and Assenagon Asset Management S.A. (0.06%). 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.

FLEX stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Frontier Capital Management Co. LLC, Deltec Asset Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , Vident Investment Advisory LLC, Vident Investment Advisory LLC, Assenagon Asset Management S.A., and Royal London Asset Management Ltd.. 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.

FLEX stock was bought by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, SG Americas Securities LLC, Peregrine Capital Management LLC, Sciencast Management LP, Boenning & Scattergood Inc., XTX Markets LLC, Raymond James Trust N.A., and Stratos Wealth Advisors LLC. 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 $11.47.

Flex has a market capitalization of $5.71 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]