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NASDAQ:FLEX - Flex Stock Price, Forecast & News

$13.55
+0.14 (+1.04 %)
(As of 01/17/2020 04:00 PM ET)
Today's Range
$13.38
Now: $13.55
$13.64
50-Day Range
$10.99
MA: $12.37
$13.55
52-Week Range
$7.93
Now: $13.55
$13.64
Volume4.76 million shs
Average Volume3.47 million shs
Market Capitalization$6.89 billion
P/E Ratio75.28
Dividend YieldN/A
Beta1.84
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. Read More…

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$1.67 per share
Book Value$5.70 per share

Profitability

Net Income$93.40 million

Miscellaneous

Employees200,000
Market Cap$6.89 billion
Next Earnings Date1/30/2020 (Confirmed)
OptionableOptionable

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

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) issued its earnings results on Thursday, October, 24th. The technology company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.39. The technology company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.29 billion. Flex had a negative net margin of 0.71% and a negative return on equity of 6.13%. Flex's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. View Flex's Earnings History.

When is Flex's next earnings date?

Flex is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Flex.

How can I listen to Flex's earnings call?

Flex will be holding an earnings conference call on Thursday, January 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.

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

Flex issued an update on its third quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share (EPS) guidance of $0.32-0.36 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $6.0-6.3 billion, compared to the consensus revenue estimate of $6.52 billion.

What price target have analysts set for FLEX?

2 brokers have issued 12-month price objectives for Flex's stock. Their forecasts range from $12.00 to $14.00. On average, they anticipate Flex's stock price to reach $13.00 in the next twelve months. This suggests that the stock has a possible downside of 4.1%. View Analyst Price Targets for Flex.

What is the consensus analysts' recommendation for Flex?

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

Has Flex been receiving favorable news coverage?

News articles about FLEX stock have been trending somewhat positive on Saturday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news 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 coverage optimism score of 1.5 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Flex.

Are investors shorting Flex?

Flex saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 11,340,000 shares, an increase of 13.9% from the December 15th total of 9,960,000 shares. Based on an average daily volume of 4,720,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.3% 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), Bank of America (BAC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), Walt Disney (DIS) 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 retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.14%), Sanders Morris Harris LLC (0.08%), Artemis Investment Management LLP (0.04%), Hanson & Doremus Investment Management (0.02%), KCS Wealth Advisory (0.01%) and Zeke Capital Advisors LLC (0.01%). 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 and Willy C Shih. View Institutional Ownership Trends for Flex.

Which major investors are selling Flex stock?

FLEX stock was sold by a variety of institutional investors in the last quarter, including First Hawaiian Bank, Hanson & Doremus Investment Management and KCS Wealth Advisory. 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 and Paul Humphries. View Insider Buying and Selling for Flex.

Which major investors are buying Flex stock?

FLEX stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Artemis Investment Management LLP, Sanders Morris Harris LLC, Sciencast Management LP and Zeke Capital Advisors 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, Robinhood, Fidelity and Charles Schwab.

What is Flex's stock price today?

One share of FLEX stock can currently be purchased for approximately $13.55.

How big of a company is Flex?

Flex has a market capitalization of $6.89 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]


MarketBeat Community Rating for Flex (NASDAQ FLEX)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  490 (Vote Outperform)
Underperform Votes:  537 (Vote Underperform)
Total Votes:  1,027
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 1/18/2020 by MarketBeat.com Staff

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