Flex Ltd. (FLEX)

NASDAQ: FLEX · Real-Time Price · USD
39.83
+2.50 (6.70%)
At close: Nov 20, 2024, 4:00 PM
40.00
+0.17 (0.43%)
After-hours: Nov 20, 2024, 7:12 PM EST
6.70%
Market Cap 15.45B
Revenue (ttm) 25.45B
Net Income (ttm) 945.00M
Shares Out 387.78M
EPS (ttm) 2.26
PE Ratio 19.84
Forward PE 15.15
Dividend n/a
Ex-Dividend Date n/a
Volume 14,455,390
Open 39.86
Previous Close 37.33
Day's Range 39.44 - 40.48
52-Week Range 18.80 - 40.48
Beta 1.08
Analysts Strong Buy
Price Target 40.83 (+2.51%)
Earnings Date Oct 30, 2024

About FLEX

Flex Ltd. provides manufacturing solutions to various brands in Asia, the Americas, and Europe. It operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise, and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution, including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devi... [Read more]

Sector Technology
IPO Date Mar 18, 1994
Employees 172,000
Stock Exchange NASDAQ
Ticker Symbol FLEX
Full Company Profile

Financial Performance

In 2023, Flex Ltd.'s revenue was $26.42 billion, a decrease of -7.32% compared to the previous year's $28.50 billion. Earnings were $1.01 billion, an increase of 26.86%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for FLEX stock is "Strong Buy." The 12-month stock price forecast is $40.83, which is an increase of 2.51% from the latest price.

Price Target
$40.83
(2.51% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Flex Completes Acquisition of Crown Technical Systems

AUSTIN, Texas , Nov. 20, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today that it has completed its previously announced $325 million all-cash acquisition of Crown Technical Systems, a leader ...

20 hours ago - PRNewsWire

Flex Set to Join S&P MidCap 400; Azenta and Concentra Group Holdings to Join S&P SmallCap 600

NEW YORK , Nov. 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) i...

Other symbols: AZTACONENVMYESEM
1 day ago - PRNewsWire

Flex Acquires JetCool to Expand Data Center and Power Portfolio

The addition of advanced liquid cooling technology addresses increased heat requirements across the full spectrum of AI workloads and high-performance computing AUSTIN, Texas , Nov. 14, 2024 /PRNewswi...

6 days ago - PRNewsWire

Flex Wins Cisco 2024 Excellence in ESG Award

AUSTIN, Texas , Nov. 4, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced it received Cisco's 2024 Excellence in ESG (Environmental, Social, and Governance) award. Cisco presented this esteemed...

16 days ago - PRNewsWire

Flex Ltd. (FLEX) Q3 2024 Earnings Call Transcript

Flex Ltd. (NASDAQ:FLEX) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants David Rubin - Vice President, Investor Relations Revathi Advaithi - Chief Executive Officer J...

21 days ago - Seeking Alpha

FLEX REPORTS SECOND QUARTER FISCAL 2025 RESULTS

AUSTIN, Texas , Oct. 30, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 27, 2024. Second Quarter Fiscal Year 2025 Highlights: Net Sales: $6.5 b...

21 days ago - PRNewsWire

67 October Graham All-Star Value Dogs Show 55 Fit To Buy

The Value Score identifies large-cap stocks offering high-value relative to profits, cash flows, assets and sales, aiding in finding undervalued companies.

4 weeks ago - Seeking Alpha

Flex to Acquire Crown Technical Systems

Leader in custom-engineered, fully integrated power distribution and protection systems Extensive modular solutions and medium voltage switchgear capabilities are synergistic to the Flex data center p...

4 weeks ago - PRNewsWire

Flex Announces Liquid-Cooled Rack and Power Solutions for AI Data Centers at 2024 OCP Global Summit

New Flex solutions enable cloud service providers to address power, heat, and scale challenges in the AI era News summary Flex launches new compute, rack, and intermediate bus converter products for A...

5 weeks ago - PRNewsWire

Flex and JetCool Partner to Develop Liquid Cooling-Ready Servers for AI and High-Density Workloads

LITTLETON, Mass.--(BUSINESS WIRE)--JetCool, a leading liquid cooling company for data centers, and Flex (NASDAQ: FLEX) today announced a partnership to address the growing demand for AI servers and hi...

5 weeks ago - Business Wire

Flex Announces Date for Second Quarter Fiscal 2025 Earnings Call

AUSTIN, Texas , Oct. 9, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its second quarter fiscal 2025 financial results before the market opens on Wednesday, October 30, 2024. The company will...

6 weeks ago - PRNewsWire

68 Graham All Star Value Stocks Show 55 In September Fit To Buy

The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with str...

2 months ago - Seeking Alpha

Flex Named to TIME's World's Best Companies List for Second Consecutive Year

AUSTIN, Texas , Sept. 19, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced its inclusion on TIME's 2024 World's Best Companies list, a comprehensive analysis conducted to identify the top performing...

2 months ago - PRNewsWire

Flex Releases its 2024 Sustainability Report

AUSTIN, Texas , Sept. 12, 2024 /PRNewswire/ --  Flex  (NASDAQ: FLEX) today published its 2024 sustainability report, highlighting the company's global sustainability performance and progress from cale...

2 months ago - PRNewsWire

Flex to Participate in Upcoming Investor Conference

AUSTIN, Texas , Aug. 29, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) has announced members of its leadership team will participate in the upcoming investor conference: Goldman Sachs 2024 Communacopia + T...

2 months ago - PRNewsWire

Anord Mardix Opens Second Facility in Ireland to Meet Growing Demand for Critical Power Solutions

Fully-operational facility in Dundalk to serve as an assembly hub for switchgears and modular power systems, ensuring seamless and efficient production process for data center customers AUSTIN, Texas ...

3 months ago - PRNewsWire

69 All Star And Graham Value Stocks; 49 Fit To Buy In August

Large Cap Value ranking by YCharts focuses on intrinsic firm value of large cap stocks. The Ben Graham Formula strategy selects stable stocks based on earnings, dividends, and valuation based on Graha...

Other symbols: BXSLCIBDHTETFROFSKINSW
3 months ago - Seeking Alpha

Flex and Musashi Energy Solutions Partner to Mitigate Utility Power Challenges in AI Data Centers

Flex first-to-market with new Capacitive Energy Storage System products featuring Musashi's Hybrid SuperCapacitors at the center AUSTIN, Texas, and BATTLE CREEK, Mich. , Aug. 8, 2024 /PRNewswire/ -- F...

3 months ago - PRNewsWire

Flex Appoints Michael Hartung as President, Chief Commercial Officer

Establishes unified go-to-market organization to drive growth  AUSTIN, Texas , July 26, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today the appointment of Michael Hartung as President, Chief ...

4 months ago - PRNewsWire

Flex Ltd. (FLEX) Q1 2025 Earnings Call Transcript

Flex Ltd. (NASDAQ:FLEX) Q1 2025 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants David Rubin - Vice President, Investor Relations Revathi Advaithi - Chief Executive Officer Paul...

4 months ago - Seeking Alpha

FLEX REPORTS FIRST QUARTER FISCAL 2025 RESULTS, ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION

AUSTIN, Texas , July 24, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 28, 2024. First Quarter Fiscal Year 2025 Highlights: Net Sales: $6.3 billion ...

4 months ago - PRNewsWire

Flex Joins the Reverse Logistics Association

Company brings more than two decades of experience in integrated reverse logistics and circular economy services at scale to global member network AUSTIN, Texas , July 18, 2024 /PRNewswire/ -- Flex (N...

4 months ago - PRNewsWire

5 Tech Stocks Set To Gain From US Chip Crackdown On China: JPMorgan

The Biden administration's escalating restrictions on China's access to high-end semiconductors and technology, along with the potential for higher tariffs under future administrations, have stirred s...

Other symbols: ANETCIENCSCOJBL
4 months ago - Benzinga

Flex Announces Date for First Quarter Fiscal 2025 Earnings Call

AUSTIN, Texas , July 9, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its first quarter fiscal 2025 financial results before the market opens on Wednesday, July 24, 2024. The company will hol...

4 months ago - PRNewsWire

Flex Provides Exposure To 2 Verticals That Have Strong Secular Tailwinds

The Company offers direct exposure to high-growth data centers and automotive verticals. Demand for data centers, driven by AI, is a key growth driver for FLEX, with the company covering 80% of the pa...

5 months ago - Seeking Alpha