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NASDAQ:FLEXFlex Stock Price, Forecast & News

$8.47
+0.95 (+12.63 %)
(As of 04/6/2020 11:37 AM ET)
Add
Compare
Today's Range
$7.95
Now: $8.47
$8.63
50-Day Range
$5.88
MA: $10.06
$13.82
52-Week Range
$5.36
Now: $8.47
$14.00
Volume133,683 shs
Average Volume6.95 million shs
Market Capitalization$4.27 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.89
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments. The company offers various services, including innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enable customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. It also provides design and engineering services, such as contract design and joint development manufacturing services, which cover various technical competencies comprising system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services. In addition, the company offers component product solutions that include rigid and flexible printed circuit board fabrication, and power supplies; after-market and forward supply chain logistics services; and reverse logistics and repair services, which comprise returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management for consumer and midrange products, printers, smart phones, consumer medical devices, notebook personal computers, set-top boxes, game consoles, infrastructure products. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1990 and is based in Singapore.
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Flex logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 out of 5 stars


Industry, Sector and Symbol

Industry Printed circuit boards
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:FLEX
CUSIPN/A
Phone65-6876-9899

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$26.31 billion
Cash Flow$1.85 per share
Book Value$5.70 per share

Profitability

Net Income$93.40 million

Miscellaneous

Employees200,000
Market Cap$4.27 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Flex (NASDAQ:FLEX) Frequently Asked Questions

How has Flex's stock been impacted by COVID-19 (Coronavirus)?

Flex's stock was trading at $9.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FLEX stock has decreased by 9.7% and is now trading at $8.47. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Flex?

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

When is Flex's next earnings date?

Flex is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Flex.

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) posted its quarterly earnings data on Thursday, January, 30th. The technology company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The technology company earned $6.46 billion during the quarter, compared to analyst estimates of $6.15 billion. Flex had a negative net margin of 0.10% and a negative return on equity of 0.86%. The business's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. View Flex's earnings history.

How will Flex's stock buyback program work?

Flex declared that its board has authorized a share repurchase program 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 buy up to 6.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

What guidance has Flex issued on next quarter's earnings?

Flex updated its fourth quarter earnings guidance on Thursday, January, 30th. The company provided earnings per share (EPS) guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus estimate of $0.32. The company issued revenue guidance of $5.8-6.2 billion, compared to the consensus revenue estimate of $5.92 billion.

What price target have analysts set for FLEX?

3 brokerages have issued 12 month price targets for Flex's shares. Their forecasts range from $12.00 to $14.00. On average, they anticipate Flex's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 53.5% from the stock's current price. View analysts' price targets for Flex.

Has Flex been receiving favorable news coverage?

Press coverage about FLEX stock has been trending very negative on Monday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of 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 negative five to five, with scores closest to five being the most favorable. Flex earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutFlex.

Are investors shorting Flex?

Flex saw a increase in short interest in March. As of March 13th, there was short interest totaling 10,938,100 shares, an increase of 14.8% from the February 27th total of 9,530,000 shares. Based on an average daily trading volume, of 4,878,600 shares, the short-interest ratio is currently 2.2 days. Approximately 2.2% of the shares of the company are sold short. View Flex's Current Options Chain.

Who are some of Flex's key competitors?

What other stocks do shareholders of Flex own?

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), Gilead Sciences (GILD), NVIDIA (NVDA), Bank of America (BAC), Advanced Micro Devices (AMD), Energy Transfer LP Unit (ET) and Netflix (NFLX).

Who are Flex's key executives?

Flex's management team includes the following people:
  • Mr. Christopher E. Collier, Chief Financial Officer (Age 50)
  • Mr. François P. Barbier, Pres of Global Operations & Components (Age 60)
  • Mr. Scott Offer, Exec. VP & Gen. Counsel (Age 54)
  • Mr. Paul J. Humphries, Pres of High Reliability Solutions (Age 64)
  • Ms. Revathi Advaithi, CEO & Director (Age 51)

What is Flex's stock symbol?

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

How do I buy shares of 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.

What is Flex's stock price today?

One share of FLEX stock can currently be purchased for approximately $8.47.

How big of a company is Flex?

Flex has a market capitalization of $4.27 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.

What is Flex's official website?

The official website for Flex is http://www.flex.com/.

How can I contact Flex?

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]

This page was last updated on 4/6/2020 by MarketBeat.com Staff

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