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 (WHO). Since then, FLEX stock has increased by 6.1% and is now trading at $9.95. 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) posted its quarterly earnings data on Thursday, May, 7th. The technology company reported $0.28 EPS for the quarter, beating the 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 net margin of 0.36% and a return on equity of 3.04%. Flex's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. View Flex's earnings history.

Flex announced that its Board of Directors has approved 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 purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its shares are undervalued.

5 brokerages have issued 12 month target prices for Flex's stock. Their forecasts range from $9.00 to $14.00. On average, they anticipate Flex's share price to reach $12.00 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price. View analysts' price targets for Flex.

Media stories about FLEX stock have trended negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing 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 closest to five being the most favorable. Flex earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Flex.

Flex saw a drop in short interest in June. As of June 15th, there was short interest totaling 10,570,000 shares, a drop of 5.5% from the May 31st total of 11,180,000 shares. Based on an average daily volume of 6,410,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.1% of the company's 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). 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 $9.95.

Flex has a market capitalization of $4.95 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]