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

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$10.19 -0.40 (-3.78 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$10.19
Today's Range$10.16 - $10.57
52-Week Range$6.74 - $17.50
Volume7.14 million shs
Average Volume5.40 million shs
Market Capitalization$5.31 billion
P/E Ratio12.74
Dividend YieldN/A
Beta1.79
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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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$25.44 billion
Cash Flow$1.7940 per share
Book Value$5.72 per share

Profitability

Net Income$428.53 million

Miscellaneous

Employees200,000
Market Cap$5.31 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Flex (NASDAQ:FLEX) Frequently Asked Questions

What is Flex's stock symbol?

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

How will Flex's stock buyback program work?

Flex declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 21st 2018, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) announced its quarterly earnings data on Wednesday, January, 30th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.04. The technology company earned $6.94 billion during the quarter, compared to the consensus estimate of $6.77 billion. Flex had a return on equity of 4.47% and a net margin of 0.52%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. View Flex's Earnings History.

When is Flex's next earnings date?

Flex is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Flex.

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

Flex updated its fourth quarter earnings guidance on Wednesday, January, 30th. The company provided earnings per share guidance of $0.25 to $0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.26. The company issued revenue guidance of $6.20 billion to $6.60 billion, compared to the consensus revenue estimate of $6.48 billion.Flex also updated its Q4 2019 guidance to $0.25-0.28 EPS.

What price target have analysts set for FLEX?

10 brokerages have issued 12-month target prices for Flex's stock. Their forecasts range from $9.00 to $19.00. On average, they anticipate Flex's share price to reach $15.00 in the next year. This suggests a possible upside of 47.2% from the stock's current price. View Analyst Price Targets for Flex.

What is the consensus analysts' recommendation for Flex?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.

Has Flex been receiving favorable news coverage?

Media coverage about FLEX stock has been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 0.6 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.

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), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Bank of America (BAC), NVIDIA (NVDA), Netflix (NFLX), Starbucks (SBUX), Advanced Micro Devices (AMD) and Gilead Sciences (GILD).

Who are Flex's key executives?

Flex's management team includes the folowing 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)

Who are Flex's major shareholders?

Flex's stock is owned by a number of of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.83%), Boston Partners (2.76%), FMR LLC (1.99%), BlackRock Inc. (1.90%), Pzena Investment Management LLC (1.70%) and Bank of America Corp DE (1.66%). 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.

Which institutional investors are selling Flex stock?

FLEX stock was sold by a variety of institutional investors in the last quarter, including Harris Associates L P, Boston Partners, LSV Asset Management, Daiwa Securities Group Inc., Advisors Capital Management LLC, California Public Employees Retirement System, Millennium Management LLC and Brown Advisory Inc.. 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 and Paul Humphries. View Insider Buying and Selling for Flex.

Which institutional investors are buying Flex stock?

FLEX stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Victory Capital Management Inc., Norges Bank, Bank of America Corp DE, Brandes Investment Partners LP, Macquarie Group Ltd., Canada Pension Plan Investment Board and Pzena Investment Management 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.

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, Scottrade, Fidelity and Charles Schwab.

What is Flex's stock price today?

One share of FLEX stock can currently be purchased for approximately $10.19.

How big of a company is Flex?

Flex has a market capitalization of $5.31 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.

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]


MarketBeat Community Rating for Flex (NASDAQ FLEX)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  440 (Vote Outperform)
Underperform Votes:  389 (Vote Underperform)
Total Votes:  829
MarketBeat's community ratings are surveys of what our community members think about Flex and other stocks. Vote "Outperform" if you believe FLEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FLEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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