NASDAQ:FLEXFlex Stock Price, Forecast & News

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 stock has increased by 27.1% and is now trading at $11.92.
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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) posted its quarterly earnings data on Thursday, July, 30th. The technology company reported $0.23 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.06. The technology company had revenue of $5.15 billion for the quarter, compared to the consensus estimate 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 announced that its Board of Directors has authorized a share buyback plan 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 repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Flex updated its second quarter earnings guidance on Thursday, July, 30th. The company provided 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 brokerages have issued twelve-month target prices for Flex's shares. Their forecasts range from $9.00 to $15.00. On average, they expect Flex's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 4.9% from the stock's current price.
View analysts' price targets for Flex.

News coverage about FLEX stock has trended somewhat negative on Wednesday, InfoTrie reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of 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 -1.0 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next several days.
View the latest news about Flex.

Flex saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 11,860,000 shares, a decline 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 days-to-cover ratio is currently 2.2 days. Approximately 2.4% of the company's shares 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 many different retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (3.53%), TCW Group Inc. (0.51%), Swiss National Bank (0.23%), Frontier Capital Management Co. LLC (0.22%), Clear Harbor Asset Management LLC (0.19%) and SG Americas Securities LLC (0.12%). 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 Swiss National Bank, Robeco Institutional Asset Management B.V., TCW Group Inc., Frontier Capital Management Co. LLC, Deltec Asset Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , Vident Investment Advisory LLC, and Vident Investment Advisory LLC. 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 acquired 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, Quantitative Systematic Strategies LLC, Boenning & Scattergood Inc., XTX Markets LLC, and Raymond James Trust N.A.. 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 $11.92.

Flex has a market capitalization of $5.93 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]