Flex Ltd. (FLEX)

NASDAQ: FLEX · IEX Real-Time Price · USD
24.42
+0.08 (0.33%)
At close: Feb 3, 2023, 4:00 PM
24.90
+0.48 (1.97%)
After-hours: Feb 3, 2023, 6:40 PM EST
0.33%
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]

Sector Technology
IPO Date Mar 18, 1994
Employees 172,648
Stock Exchange NASDAQ
Ticker Symbol FLEX
Full Company Profile

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 Statements

Analyst 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.

Price Target
$24.86
(1.80% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

3 days ago - PRNewsWire

Nextracker Announces Launch of Initial Public Offering

SAN JOSE, Calif. , Feb. 1, 2023 /PRNewswire/ -- Flex Ltd.

3 days ago - PRNewsWire

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...

4 days ago - PRNewsWire

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.

5 days ago - Zacks Investment Research

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.

1 week ago - Zacks Investment Research

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?

1 week ago - Zacks Investment Research

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.

1 week ago - PRNewsWire

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.

2 weeks ago - Zacks Investment Research

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.

Other symbols: JBL
2 weeks ago - MarketBeat

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 ...

2 weeks ago - PRNewsWire

FLEX's Subsidiary Nextracker Files for an IPO Offering

Flex's subsidiary, Nextracker, plans to launch an IPO to offer Class A common stock.

2 weeks ago - Zacks Investment Research

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.

3 weeks ago - PRNewsWire

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.

3 weeks ago - PRNewsWire

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 weeks ago - MarketBeat

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...

Other symbols: BELFBSGML
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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...

Other symbols: AVGO
1 month ago - CNBC Television

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

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

Other symbols: TRMB
1 month ago - Zacks Investment Research

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...

1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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.

Other symbols: CLFDHLITMODNPLXS
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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.

2 months ago - Zacks Investment Research

FLEX vs. TRMB: Which Stock Should Value Investors Buy Now?

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

Other symbols: TRMB
2 months ago - Zacks Investment Research

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?

2 months ago - Zacks Investment Research