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NASDAQ:FLEX

Flex Stock Forecast, Price & News

$16.85
+0.17 (+1.02 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$16.76
Now: $16.85
$17.02
50-Day Range
$12.57
MA: $15.28
$17.00
52-Week Range
$5.36
Now: $16.85
$17.02
Volume2.27 million shs
Average Volume4.85 million shs
Market Capitalization$8.44 billion
P/E Ratio26.33
Dividend YieldN/A
Beta1.65
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through High Reliability Solutions, Industrial and Emerging Industries, Communications & Enterprise Compute, and Consumer Technologies Group segments. The company provides a portfolio of technologies in electrical/electronics, electromechanical, and software; and cross-industry technologies, including human machine interface, audio and video, system in package, miniaturization, IoT platforms, and power management. It also designs and integrates advanced data center servers, storage and networking equipment, and data center appliances. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; isolated DC/DC converters and non-isolated Point of Load converters for the information and communications technology market; and specialized power module solutions for other markets. Additionally, the company provides after-market and forward supply chain logistics services comprising supplier-managed inventory, inbound freight management, product postponement, build/configure to order, order fulfillment and distribution, asset tracking, and supply chain network design; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1990 and is based in Singapore.
Flex logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars


Industry, Sector and Symbol

Industry Printed circuit boards
Sub-IndustryN/A
Current SymbolNASDAQ:FLEX
CUSIPN/A
Phone65-6876-9899
Employees160,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.21 billion
Cash Flow$1.67 per share
Book Value$6.22 per share

Profitability

Net Income$87.58 million

Miscellaneous

Market Cap$8.44 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$16.85
+0.17 (+1.02 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Flex (NASDAQ:FLEX) Frequently Asked Questions

How has Flex's stock price been impacted by Coronavirus?

Flex's stock was trading at $9.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FLEX stock has increased by 79.6% and is now trading at $16.85.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Flex?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Flex
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Flex?

Wall Street analysts have given Flex a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Flex wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Flex's next earnings date?

Flex is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Flex
.

How were Flex's earnings last quarter?

Flex Ltd. (NASDAQ:FLEX) released its quarterly earnings results on Thursday, October, 29th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. The technology company earned $5.99 billion during the quarter, compared to analysts' expectations of $5.54 billion. Flex had a net margin of 1.41% and a return on equity of 11.01%. Flex's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS.
View Flex's earnings history
.

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

Flex updated its third quarter earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $0.34-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $6.0-6.4 billion, compared to the consensus revenue estimate of $6.02 billion.

What price target have analysts set for FLEX?

5 brokers have issued 12 month price objectives for Flex's shares. Their forecasts range from $12.00 to $17.00. On average, they expect Flex's stock price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 11.0%.
View analysts' price targets for Flex
.

Are investors shorting Flex?

Flex saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 8,390,000 shares, an increase of 21.9% from the October 31st total of 6,880,000 shares. Based on an average trading volume of 4,420,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.7% of the company's stock are short sold.
View Flex's Short Interest
.

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), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Bank of America (BAC), NVIDIA (NVDA), Energy Transfer (ET), The Walt Disney (DIS) and Ford Motor (F).

Who are Flex's key executives?

Flex's management team includes the following people:
  • Ms. Revathi Advaithi, CEO & Director (Age 52, Pay $2.25M)
  • Mr. François P. Barbier, Pres of Global Operations & Components (Age 61, Pay $1.53M)
  • Mr. Christopher E. Collier, Sr. Advisor to the CEO (Age 51, Pay $1.43M)
  • Mr. Paul J. Humphries, Pres of Reliability Solutions (Age 65, Pay $1.18M)
  • Mr. Paul R. Lundstrom, Chief Financial Officer (Age 45)
  • Mr. David P. Bennett, Sr. VP & Chief Accounting Officer (Age 50)
  • Dr. Kevin Kettler, Chief Technology Officer and Sr. VP of the Cloud Bus. Unit
  • Mr. Gus Shahin, Chief Information Officer
  • Mr. David Rubin, VP of Investor Relations
  • Mr. Scott Offer, Exec. VP & Gen. Counsel (Age 55)

What is Flex's stock symbol?

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

Who are Flex's major shareholders?

Flex's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (4.27%), Pzena Investment Management LLC (3.52%), Iridian Asset Management LLC CT (2.95%), Wells Fargo & Company MN (2.52%), Boston Partners (2.40%) and BlackRock Inc. (1.73%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, Jennifer Li, Paul Humphries and Revathi Advaithi.
View institutional ownership trends for Flex
.

Which institutional investors are selling Flex stock?

FLEX stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Iridian Asset Management LLC CT, Victory Capital Management Inc., Brandes Investment Partners LP, Boston Partners, JPMorgan Chase & Co., Cubist Systematic Strategies LLC, and Arrowstreet Capital Limited Partnership. 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, Paul Humphries, and Revathi Advaithi.
View insider buying and selling activity for Flex
.

Which institutional investors are buying Flex stock?

FLEX stock was acquired by a variety of institutional investors in the last quarter, including Sound Shore Management Inc CT, Assenagon Asset Management S.A., Public Sector Pension Investment Board, Wells Fargo & Company MN, UBS Asset Management Americas Inc., AXA S.A., Deltec Asset Management LLC, and Peregrine Capital Management LLC.
View insider buying and selling activity 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 $16.85.

How big of a company is Flex?

Flex has a market capitalization of $8.44 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.

What is Flex's official website?

The official website for Flex is 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]

This page was last updated on 12/5/2020 by MarketBeat.com Staff

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