NASDAQ:FLEXFlex Stock Price, Forecast & News

Flex's stock was trading at $9.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FLEX stock has increased by 5.4% and is now trading at $9.89. 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 30th 2020. View our earnings forecast for Flex.

Flex will be holding an earnings conference call on Thursday, July 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Flex Ltd (NASDAQ:FLEX) announced its quarterly earnings data on Thursday, May, 7th. The technology company reported $0.28 EPS for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. View Flex's earnings history.

Flex announced that its Board of Directors has approved a stock buyback 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 repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

5 Wall Street analysts have issued 1-year price objectives for Flex's stock. Their forecasts range from $9.00 to $14.00. On average, they expect Flex's share price to reach $12.00 in the next year. This suggests a possible upside of 21.3% from the stock's current price. View analysts' price targets for Flex.

News stories about FLEX stock have trended neutral this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Flex earned a media sentiment score of 0.4 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Flex.

Flex saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 9,040,000 shares, a decrease of 14.5% from the June 15th total of 10,570,000 shares. Based on an average trading volume of 6,070,000 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the company's shares are sold short. 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."

Flex's stock is owned by many different retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.04%). 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, Paul Humphries and Revathi Advaithi. View institutional ownership trends for Flex.

FLEX stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of FLEX stock can currently be purchased for approximately $9.89.

Flex has a market capitalization of $4.92 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]