Flex Ltd. (FLEX)
Market Cap | 11.06B |
Revenue (ttm) | 29.72B |
Net Income (ttm) | 818.00M |
Shares Out | 452.78M |
EPS (ttm) | 1.76 |
PE Ratio | 13.88 |
Forward PE | 9.07 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 5,552,729 |
Open | 24.00 |
Previous Close | 24.34 |
Day's Range | 23.87 - 24.56 |
52-Week Range | 13.63 - 25.12 |
Beta | 1.47 |
Analysts | Buy |
Price Target | 24.86 (+1.8%) |
Earnings Date | Jan 25, 2023 |
About FLEX
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 three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distribute... [Read more]
Financial Performance
In 2022, Flex Ltd.'s revenue was $26.04 billion, an increase of 7.95% compared to the previous year's $24.12 billion. Earnings were $936.00 million, an increase of 52.69%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for FLEX stock is "Buy." The 12-month stock price forecast is $24.86, which is an increase of 1.80% from the latest price.
News

Flex recognized as one of Fortune World's Most Admired Companies 2023
SAN JOSE, Calif. , Feb. 2, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that the company has been named one of the World's Most Admired Companies by Fortune magazine in the Electronics cat...

Nextracker Announces Launch of Initial Public Offering
SAN JOSE, Calif. , Feb. 1, 2023 /PRNewswire/ -- Flex Ltd.

Our Next Energy (ONE) Raises $300 Million in Series B Equity, Valuing the Company at Over $1 Billion
ONE's Series B was led by Fifth Wall and Franklin Templeton and marks a fundraising transition from venture to growth equity investors. The $300 million of equity financing is joined with $220 million...

Here's Why Flex (FLEX) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

FLEX Q3 Earnings and Revenues Top Estimates, Increase Y/Y
FLEX third-quarter fiscal 2023 performance was boosted by strong demand across all business segments amid macroeconomic disruptions.

Flex (FLEX) Surpasses Q3 Earnings and Revenue Estimates
Flex (FLEX) delivered earnings and revenue surprises of 3.33% and 3.69%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

FLEX REPORTS THIRD QUARTER FISCAL 2023 RESULTS
SAN JOSE, Calif. , Jan. 25, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2022.

FLEX Set to Report Q3 Earnings: Here's What You Should Know
FLEX's fiscal third-quarter performance is likely to have benefited from increased demand for its industrial and automotive segments.

Don't Miss These 2 Mid-Cap Techs That Broke Out Last Week
Apple component supplier mid-cap Jabil Inc. (NYSE: JBL) is up 14.24% in the past week as the stock broke out of a base that began in early December.

Flex factory in Sorocaba recognized as the first Sustainability Lighthouse in Brazil by the World Economic Forum
Flex factory site in Brazil honored for developing a holistic circular economy ecosystem through implementation of smart factory utilities management and IoT sensors SAN JOSE, Calif. , Jan. 17, 2023 ...

FLEX's Subsidiary Nextracker Files for an IPO Offering
Flex's subsidiary, Nextracker, plans to launch an IPO to offer Class A common stock.

Nextracker Files Registration Statement for Proposed Initial Public Offering
Nextracker intends to list its common stock on Nasdaq under the ticker symbol "NXT" SAN JOSE, Calif. , Jan. 13, 2023 /PRNewswire/ -- Flex Ltd.

Flex Announces Date for Third Quarter Fiscal 2023 Earnings Call
SAN JOSE, Calif. , Jan. 11, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its third quarter fiscal 2023 financial results after the market closes on Wednesday, January 25, 2023.

Is Your Portfolio Flexible Enough for FLEX Stock?
FLEX stock was one of the stronger performers in 2022, but the mid-cap stock has a high beta value that may not suit every investor

3 Electronics Stocks to Buy From a Prospering Industry
Electronics stocks Flex (FLEX), Sigma Lithium (SGML) and Bel Fuse (BELFB) are likely to benefit from investments in infrastructure and expanded capacity despite the pandemic-induced supply-chain headw...

Are Computer and Technology Stocks Lagging Flex (FLEX) This Year?
Here is how Flex (FLEX) and Sanmina (SANM) have performed compared to their sector so far this year.
Defensive tech names are expected to prosper further, says Piper Sandler's Craig Johnson
Craig Johnson, Piper Sandler chief market technician, joins 'Power Lunch' to discuss methods for chart tracking, cash going to options trading and money market funds and the likelihood of a year-end r...

FLEX vs. TRMB: Which Stock Is the Better Value Option?
FLEX vs. TRMB: Which Stock Is the Better Value Option?

Is Flex (FLEX) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

Flex (FLEX) is a Top-Ranked Value Stock: Should You Buy?
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

5 Tech Stocks That Survived Nasdaq's Bloodbath This Year
Flex (FLEX), Plexus (PLXS), Model N (MODN), Clearfield (CLFD) and Harmonic (HLIT) have survived the mayhem and appear poised for a healthy growth momentum in 2023.

Singapore-Based Tech Stock Completes Powerful Cup-With-Handle Pattern
This stock has broken out of a multi-year base and is hitting 52-week highs.

Is Flex (FLEX) Stock Outpacing Its Computer and Technology Peers This Year?
Here is how Flex (FLEX) and Sanmina (SANM) have performed compared to their sector so far this year.

FLEX vs. TRMB: Which Stock Should Value Investors Buy Now?
FLEX vs. TRMB: Which Stock Is the Better Value Option?

Flex (FLEX) Up 8.2% Since Last Earnings Report: Can It Continue?
Flex (FLEX) reported earnings 30 days ago. What's next for the stock?