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

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

Flex announced that its board has authorized a share buyback program on Tuesday, August 21st 2018, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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

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

Flex updated its fourth quarter earnings guidance on Wednesday, January, 30th. The company provided EPS 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.

10 analysts have issued twelve-month price targets 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.

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.

News stories about FLEX stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Flex earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the immediate future.

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

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).

Flex's stock is owned by a variety of of retail and institutional 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.

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.

FLEX stock was bought 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.

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 $10.19.

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.

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]