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 stock has increased by 24.3% and is now trading at $11.66.
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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."
View analyst ratings for Flex.

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) announced its quarterly earnings data on Thursday, July, 30th. The technology company reported $0.23 EPS for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.06. The technology company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.01 billion. Flex had a net margin of 0.41% and a return on equity of 3.32%.
View Flex's earnings history.

Flex declared that its board has authorized a share repurchase plan on Tuesday, August 21st 2018, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Flex issued an update on 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 EPS 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 12 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 7.2% from the stock's current price.
View analysts' price targets for Flex.

Media coverage about FLEX stock has been trending very positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Flex earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Flex.

Flex saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,860,000 shares, a decrease of 10.2% from the July 15th total of 13,200,000 shares. Based on an average trading volume of 5,280,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 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), Eltek (ELTK) and NANO DIMENSION/S (NNDM).
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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 shareholders include Victory Capital Management Inc. (4.46%), Pzena Investment Management LLC (3.53%), Lyrical Asset Management LP (3.33%), TCW Group Inc. (0.51%), New York State Common Retirement Fund (0.31%) and Thornburg Investment Management Inc. (0.27%). 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, Victory Capital Management Inc., Thornburg Investment Management Inc., Robeco Institutional Asset Management B.V., TCW Group Inc., Frontier Capital Management Co. LLC, Lyrical Asset Management LP, and New York State Common Retirement Fund. 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, Virtu Financial LLC, Quantitative Systematic Strategies LLC, Boenning & Scattergood Inc., and XTX Markets 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 $11.66.

Flex has a market capitalization of $5.84 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]