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. Since then, FLEX shares have increased by 5.4% and is now trading at $9.89. 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) released its quarterly earnings data on Thursday, May, 7th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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 3.04% and a net margin of 0.36%. Flex's revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. View Flex's earnings history.

Flex declared that its board has initiated a share buyback plan on Tuesday, August 21st 2018, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

5 brokers have issued 1 year 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 year. This suggests a possible upside of 21.3% from the stock's current price. View analysts' price targets for Flex.

News articles about FLEX stock have trended negative recently, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Flex earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned media coverage 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 few days. View the latest news about Flex.

Flex saw a decrease in short interest during the month of 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 currently 1.5 days. Currently, 1.8% of the shares of the company 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."

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 $9.89.

Flex has a market capitalization of $4.92 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]