Flex Ltd. (FLEX)

NASDAQ: FLEX · IEX Real-Time Price · USD
28.08
-0.12 (-0.43%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-0.43%
Market Cap 11.83B
Revenue (ttm) 29.39B
Net Income (ttm) 753.00M
Shares Out 421.16M
EPS (ttm) 1.68
PE Ratio 16.71
Forward PE 11.76
Dividend n/a
Ex-Dividend Date n/a
Volume 2,486,661
Open 28.49
Previous Close 28.20
Day's Range 27.97 - 28.52
52-Week Range 19.44 - 30.93
Beta 1.18
Analysts Strong Buy
Price Target 35.50 (+26.43%)
Earnings Date May 1, 2024

About FLEX

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. 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 hi... [Read more]

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

Financial Performance

In 2022, Flex Ltd.'s revenue was $30.35 billion, an increase of 16.53% compared to the previous year's $26.04 billion. Earnings were $793.00 million, a decrease of -15.28%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for FLEX stock is "Strong Buy." The 12-month stock price forecast is $35.5, which is an increase of 26.43% from the latest price.

Price Target
$35.5
(26.43% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Flex Schedules Combined Fourth Quarter and Fiscal 2024 Earnings Call with 2024 Virtual Investor and Analyst Day

AUSTIN, Texas , April 8, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its fourth quarter and fiscal 2024 financial results before the market opens on Wednesday, May 1, 2024. The company will...

9 days ago - PRNewsWire

Flex Earns Coveted Spot on Ethisphere's 2024 World's Most Ethical Companies® for Second Consecutive Year

AUSTIN, Texas , March 4, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced its inclusion as one of Ethisphere's 2024 World's Most Ethical Companies in the category of industrial manufacturing. ...

6 weeks ago - PRNewsWire

Flex to Participate in Upcoming Investor Conference

AUSTIN, Texas , Feb. 26, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) has announced members of its leadership team will participate in the upcoming investor conference: Raymond James 2024 Institutional In...

7 weeks ago - PRNewsWire

FLEX REPORTS THIRD QUARTER FISCAL 2024 RESULTS

AUSTIN, Texas , Jan. 31, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2023. Third Quarter Fiscal Year 2024 Highlights: Net Sales: $7.1 bill...

2 months ago - PRNewsWire

Flex Announces Date for Third Quarter Fiscal 2024 Earnings Call

AUSTIN, Texas , Jan. 8, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its third quarter fiscal 2024 financial results after the market closes on Wednesday, January 31, 2024. The company will ...

3 months ago - PRNewsWire

FLEX ANNOUNCES COMPLETION OF THE SPIN-OFF OF ITS REMAINING INTEREST IN NEXTRACKER

AUSTIN, Texas , Jan. 2, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced the completion of the spin-off of all of its remaining interest in Nextracker Inc. ("Nextracker") to Flex shareholders ...

3 months ago - PRNewsWire

FLEX ANNOUNCES RECORD AND DISTRIBUTION DATES FOR NEXTRACKER SPIN-OFF AND RELATED SINGAPORE HIGH COURT APPROVAL

AUSTIN, Texas , Dec. 18, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that it has declared December 29, 2023 as the record date for its previously announced spin-off of all of its remainin...

4 months ago - PRNewsWire

Top value investor Andrew Wellington breaks down his top stock picks

Andrew Wellington, Lyrical Asset Management Co-Founder & CIO, discusses his top value holdings.

Other symbols: CICNCEXPEGPN
4 months ago - CNBC Television

Ciena Invests in U.S. Manufacturing with Flex to Support BEAD-funded Projects, Strengthen Domestic Supply Chain and Add High-Tech Jobs

HANOVER, Md.--(BUSINESS WIRE)--Ciena® (NYSE: CIEN), a U.S.-based networking systems, services and software company, is adding domestic manufacturing through an expanded agreement with global diversifi...

Other symbols: CIEN
5 months ago - Business Wire

Flex Honored by Cisco with 2023 EMS Partner of the Year Award

AUSTIN, Texas , Nov. 9, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced it received Cisco's 2023 Electronic Manufacturing Services (EMS) Partner of the Year award. Cisco presented the distinguished...

5 months ago - PRNewsWire

FLEX REPORTS SECOND QUARTER FISCAL 2024 RESULTS; ANNOUNCES PLAN TO SPIN-OFF REMAINING INTEREST IN NEXTRACKER TO FLEX SHAREHOLDERS

AUSTIN, Texas , Oct. 25, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 29, 2023. Second Quarter Fiscal Year 2024 Highlights: Net Sales: $7.5 b...

6 months ago - PRNewsWire

Flex Announces Date for Second Quarter Fiscal 2024 Earnings Call

AUSTIN, Texas , Oct. 9, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its second quarter fiscal 2024 financial results after the market closes on Wednesday, October 25, 2023. The company will...

6 months ago - PRNewsWire

Final Trades: Humana, CrowdStrike & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: CRWDHUMEQT
6 months ago - CNBC Television

Flex Releases its 2023 Sustainability Report

AUSTIN, Texas , Sept. 6, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today published its 2023 sustainability report, highlighting the company's global sustainability activities, performance, and results ...

8 months ago - PRNewsWire

FLEX REPORTS FIRST QUARTER FISCAL 2024 RESULTS

AUSTIN, Texas , July 26, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 30, 2023. First Quarter Fiscal Year 2024 Highlights: Net Sales: $7.3 billion ...

9 months ago - PRNewsWire

Flex named 2023 Manufacturer of the Year

Manufacturing Leadership Council and National Association of Manufacturers  award Flex for innovation and leadership across manufacturing technology, supply chain, and sustainability initiatives AUSTI...

9 months ago - PRNewsWire

Flex Announces Date for First Quarter Fiscal 2024 Earnings Call

AUSTIN, Texas , July 10, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its first quarter fiscal 2024 financial results after the market closes on Wednesday, July 26, 2023. The company will ho...

10 months ago - PRNewsWire

Flex Recognized by Lenovo for Logistics Excellence

Flex receives Lenovo EMEA Logistics Supplier of the Year Award for the fifth consecutive year AUSTIN, Texas and VENRAY, Netherlands , June 22, 2023 /PRNewswire/ -- As acknowledgment for creating a sea...

10 months ago - PRNewsWire

FLEX REPORTS FOURTH QUARTER AND FISCAL 2023 RESULTS

SAN JOSE, Calif. , May 10, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2023.

1 year ago - PRNewsWire

Flex Recognized as a 2022 Supplier of the Year by General Motors

SAN JOSE, Calif. , April 3, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced it has been recognized by General Motors (GM) as a 2022 Supplier of the Year.

1 year ago - PRNewsWire

Flex Announces Date for Fourth Quarter and Fiscal 2023 Earnings Call

SAN JOSE, Calif. , March 29, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its fourth quarter and fiscal 2023 financial results after the market closes on Wednesday, May 10, 2023.

1 year ago - PRNewsWire

Hundreds more tech, biotech layoffs hit Bay Area, Google real estate ally cuts jobs

About 600 more tech and biotech layoffs rocked the Bay Area job market in a fresh round of cutbacks that suggest the staffing reductions in the region have yet to run their course, new state governmen...

Other symbols: AVAVCHRSTEAMKLAC
1 year ago - TechXplore

ETHISPHERE RECOGNIZES FLEX AS ONE OF THE WORLD'S MOST ETHICAL COMPANIES®

Flex is honored for its commitment to business integrity through best-in-class ethics, compliance, and governance practices SAN JOSE, Calif. , March 13, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) has be...

1 year ago - PRNewsWire

Nextracker Announces Full Exercise of Underwriters' Option to Purchase Additional Shares in Upsized Initial Public Offering

SAN JOSE, Calif. , Feb. 9, 2023 /PRNewswire/ -- Flex Ltd.

1 year ago - PRNewsWire

Nextracker Announces Pricing of Upsized Initial Public Offering

SAN JOSE, Calif. , Feb. 8, 2023 /PRNewswire/ -- Flex Ltd.

1 year ago - PRNewsWire