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Flex Stock Price, News & Analysis (NASDAQ:FLEX)

$9.97
-0.15 (-1.48 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$9.89
Now: $9.97
$10.16
50-Day Range
$9.49
MA: $10.18
$10.92
52-Week Range
$6.74
Now: $9.97
$12.54
Volume2.53 million shs
Average Volume4.29 million shs
Market Capitalization$5.13 billion
P/E Ratio55.39
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$1.62 per share
Book Value$5.70 per share

Profitability

Net Income$93.40 million

Miscellaneous

Employees200,000
Market Cap$5.13 billion
Next Earnings Date10/24/2019 (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 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 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 typically a sign that the company's leadership believes its stock is undervalued.

How were Flex's earnings last quarter?

Flex Ltd (NASDAQ:FLEX) released its quarterly earnings data on Thursday, July, 25th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.11. The technology company earned $6.18 billion during the quarter, compared to analyst estimates of $6.25 billion. Flex had a return on equity of 0.73% and a net margin of 0.09%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.24 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, October 24th 2019. View Earnings Estimates for Flex.

How can I listen to Flex's earnings call?

Flex will be holding an earnings conference call on Thursday, October 24th 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 second quarter earnings guidance on Thursday, July, 25th. The company provided EPS guidance of $0.29-0.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.30. The company issued revenue guidance of $6.1-6.5 billion, compared to the consensus revenue estimate of $6.58 billion.

What price target have analysts set for FLEX?

6 brokerages have issued 1 year target prices for Flex's stock. Their predictions range from $9.00 to $12.00. On average, they anticipate Flex's share price to reach $10.67 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Flex.

What is the consensus analysts' recommendation for Flex?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.

Has Flex been receiving favorable news coverage?

Headlines about FLEX stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news 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 coverage optimism score of -1.5 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Flex.

Are investors shorting Flex?

Flex saw a drop in short interest during the month of September. As of September 30th, there was short interest totalling 7,960,000 shares, a drop of 12.7% from the August 30th total of 9,120,000 shares. Based on an average daily volume of 4,520,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.6% of the company's shares are short sold. 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), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Bank of America (BAC), Gilead Sciences (GILD), NVIDIA (NVDA), Applied Materials (AMAT), Advanced Micro Devices (AMD) and Activision Blizzard (ATVI).

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 many different of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.03%), Robeco Institutional Asset Management B.V. (0.03%), Hanson & Doremus Investment Management (0.02%), CIBC Private Wealth Group LLC (0.02%), Cerebellum GP LLC (0.01%) and Campbell & CO Investment Adviser 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, William D Watkins 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 Campbell & CO Investment Adviser LLC. 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 and Paul Humphries. View Insider Buying and Selling for Flex.

Which major investors are buying Flex stock?

FLEX stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Envestnet Asset Management Inc., Bailard Inc., Whittier Trust Co. of Nevada Inc., Zeke Capital Advisors LLC, Camelot Portfolios LLC, Hanson & Doremus Investment Management and Cerebellum GP 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 $9.97.

How big of a company is Flex?

Flex has a market capitalization of $5.13 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:  2.5 out of 5 (star star half star)
Outperform Votes:  472 (Vote Outperform)
Underperform Votes:  475 (Vote Underperform)
Total Votes:  947
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 10/19/2019 by MarketBeat.com Staff

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