NASDAQ:FLEX - Flex Stock Price, Forecast & News

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

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

Flex Ltd (NASDAQ:FLEX) announced its quarterly earnings results on Thursday, October, 24th. The technology company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.39. The technology company earned $6.09 billion during the quarter, compared to the consensus estimate of $6.29 billion. Flex had a negative net margin of 0.71% and a negative return on equity of 6.13%. The firm's quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. View Flex's Earnings History.

Flex is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Flex.

Flex will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

2 equities research analysts have issued twelve-month price objectives for Flex's shares. Their forecasts range from $12.00 to $14.00. On average, they expect Flex's stock price to reach $13.00 in the next year. This suggests that the stock has a possible downside of 4.0%. View Analyst Price Targets for Flex.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Flex.

Media headlines about FLEX stock have been trending somewhat negative on Thursday, InfoTrie reports. The research firm identifies negative and positive news 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 -5 to 5, with scores nearest to five being the most favorable. Flex earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the stock's share price in the near future. View News Stories for Flex.

Flex saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 11,340,000 shares, an increase of 13.9% from the December 15th total of 9,960,000 shares. Based on an average daily trading volume, of 4,720,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.3% of the company's shares are short sold. View Flex's Current Options Chain.

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

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), Bank of America (BAC), Gilead Sciences (GILD), NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX) and Walt Disney (DIS).

Flex's stock is owned by many different of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.14%), Sanders Morris Harris LLC (0.08%), Artemis Investment Management LLP (0.04%), Hanson & Doremus Investment Management (0.02%), KCS Wealth Advisory (0.01%) and Zeke Capital Advisors LLC (0.01%). 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 Willy C Shih. View Institutional Ownership Trends for Flex.

FLEX stock was sold by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, First Hawaiian Bank, Hanson & Doremus Investment Management and KCS Wealth Advisory. 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 and Paul Humphries. View Insider Buying and Selling for Flex.

FLEX stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Artemis Investment Management LLP, Sanders Morris Harris LLC, Sciencast Management LP and Zeke Capital 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 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 $13.54.

Flex has a market capitalization of $6.88 billion and generates $26.31 billion in revenue each year. The technology company earns $93.40 million in net income (profit) each year or $0.18 on an earnings per share basis. Flex employs 200,000 workers across the globe.View Additional Information About Flex.

The official website for Flex is http://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]