NASDAQ:FLEX - Flex Stock Price, News, & Analysis

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

Flex declared that its Board of Directors has approved a stock repurchase program on Tuesday, August 21st 2018, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Flex Ltd (NASDAQ:FLEX) released its quarterly earnings results on Thursday, October, 25th. The technology company reported $0.29 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.01. The technology company had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.81 billion. Flex had a net margin of 1.15% and a return on equity of 9.83%. View Flex's Earnings History.

Flex is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for Flex.

Flex will be holding an earnings conference call on Wednesday, January 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8772010168.

Flex issued an update on its FY 2019 earnings guidance on Thursday, October, 25th. The company provided EPS guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.23. The company issued revenue guidance of $26-27 billion, compared to the consensus revenue estimate of $27.56 billion.Flex also updated its Q3 2019 guidance to $0.29-0.33 EPS.

11 analysts have issued 12 month target prices for Flex's shares. Their predictions range from $9.00 to $22.00. On average, they expect Flex's share price to reach $16.8571 in the next year. This suggests a possible upside of 107.1% from the stock's current price. View Analyst Price Targets for Flex.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.

News stories about FLEX stock have trended somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm 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 0.9 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company's share price in the next several days.

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

Flex's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Factory Mutual Insurance Co. (0.88%), Sanders Morris Harris LLC (0.06%), Cerebellum GP LLC (0.01%), KCS Wealth Advisory (0.01%), Advisors Capital Management LLC (0.00%) and Fox Run Management L.L.C. (0.00%). 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, William D Watkins 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 Advisors Capital Management LLC 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, Jennifer Li, Lay Koon Tan, Michael M Mcnamara, Paul Humphries and Willy C Shih. View Insider Buying and Selling for Flex.

FLEX stock was bought by a variety of institutional investors in the last quarter, including Factory Mutual Insurance Co., Sanders Morris Harris LLC, Cerebellum GP LLC and Fox Run Management L.L.C.. 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, Scottrade, Fidelity and Charles Schwab.

One share of FLEX stock can currently be purchased for approximately $8.14.

Flex has a market capitalization of $4.19 billion and generates $25.44 billion in revenue each year. The technology company earns $428.53 million in net income (profit) each year or $0.80 on an earnings per share basis. Flex employs 200,000 workers across the globe.

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]