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

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

Flex declared that its board has initiated a stock buyback program on Tuesday, August 21st 2018, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Flex Ltd (NASDAQ:FLEX) posted its quarterly earnings results on Wednesday, January, 30th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The technology company earned $6.94 billion during 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 business's revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. 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 earnings per share guidance of $0.25 to $0.28 for the period, compared to the Thomson Reuters consensus earnings per share 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 1 year target prices for Flex's shares. Their forecasts range from $9.00 to $19.00. On average, they expect Flex's share price to reach $15.00 in the next year. This suggests a possible upside of 41.4% 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 headlines about FLEX stock have been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Flex earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Flex saw a drop in short interest in January. As of January 31st, there was short interest totalling 16,136,738 shares, a drop of 14.2% from the January 15th total of 18,811,870 shares. Based on an average trading volume of 8,205,805 shares, the short-interest ratio is presently 2.0 days. Currently, 3.1% of the shares of the stock are sold short. View Flex's Current Options Chain.

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 number of of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.83%), Boston Partners (2.76%), BlackRock Inc. (1.90%), Pzena Investment Management LLC (1.70%), Bank of America Corp DE (1.66%) and Dimensional Fund Advisors LP (1.64%). 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 purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Bank of America Corp DE, Brandes Investment Partners LP, Macquarie Group Ltd., Canada Pension Plan Investment Board, Pzena Investment Management LLC, Oregon Public Employees Retirement Fund and Two Sigma Advisers LP. 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 $10.61.

Flex has a market capitalization of $5.53 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]