FLEX - Flex Ltd.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
11.11
-0.28 (-2.46%)
At close: 4:00PM EST
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Previous Close11.39
Open10.87
Bid10.83 x 1100
Ask11.11 x 1100
Day's Range10.76 - 11.23
52 Week Range8.82 - 14.00
Volume7,188,463
Avg. Volume4,483,316
Market Cap5.599B
Beta (5Y Monthly)1.86
PE Ratio (TTM)N/A
EPS (TTM)-0.05
Earnings DateApr 27, 2020 - May 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est16.40
  • Electronics Stocks' Feb 5 Earnings Roster: AME, NVT & More
    Zacks

    Electronics Stocks' Feb 5 Earnings Roster: AME, NVT & More

    Here is a sneak peek at how four electronics stocks might fare in their quarterly results slated to release on Feb 5.

  • Flex (FLEX) Q3 Earnings Beat Estimates, Revenues Fall Y/Y
    Zacks

    Flex (FLEX) Q3 Earnings Beat Estimates, Revenues Fall Y/Y

    Flex's (FLEX) third-quarter fiscal 2020 revenues hurt by sluggish demand from China and soft demand from networking customers.

  • Moody's

    Flex Ltd. -- Moody's assigns Prime-3 short term rating to Flex's new $1.75 billion commercial paper program

    Moody's Investors Service, ("Moody's") assigned a Prime-3 short term rating to Flex Ltd.'s ("Flex") new $1.75 billion commercial paper ("CP") program. The new CP program is credit positive as Moody's expects Flex will have access to lower short-term borrowing costs. Moody's also affirmed Flex's Baa3 senior unsecured ratings, and the outlook remains stable.

  • Flex (FLEX) Beats Q3 Earnings and Revenue Estimates
    Zacks

    Flex (FLEX) Beats Q3 Earnings and Revenue Estimates

    Flex (FLEX) delivered earnings and revenue surprises of 15.15% and 5.37%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Flex Reports Third Quarter Fiscal 2020 Results

    Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2019.

  • Electronics Stock Jan 30 Earnings Roster: FLEX, NATI & More
    Zacks

    Electronics Stock Jan 30 Earnings Roster: FLEX, NATI & More

    Here is a sneak peek into how four electronics stocks might fare in their quarterly results, slated to release on Jan 30.

  • Analysts Estimate Flex (FLEX) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Flex (FLEX) to Report a Decline in Earnings: What to Look Out for

    Flex (FLEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • IPhone Manufacturer Gets Into Electric Cars Via Fiat Venture
    Bloomberg

    IPhone Manufacturer Gets Into Electric Cars Via Fiat Venture

    (Bloomberg) -- Hon Hai Precision Industry Co., the main assembler of Apple Inc.’s iPhones, will establish a joint venture with Fiat Chrysler Automobiles NV to develop and make electric vehicles in China.Hon Hai and its subsidiaries will hold 50% of the venture and Fiat Chrysler the rest, the Taiwanese company said in an exchange filing. While the two companies have yet to sign a formal agreement, they plan to target the Chinese market first and consider exporting cars later. They aim to ink the agreement in the first quarter, according to a person familiar with the matter, and Hon Hai’s Hong Kong-listed unit FIT Hon Teng will also be involved. Fiat Chrysler declined to comment beyond the filing.Shares of Hon Hai were up as much as 2.7% in Taipei trading Friday, their biggest intraday rise since mid-November and the main driver behind the benchmark Taiex’s gain.Hon Hai, the primary listed vehicle for Terry Gou’s Foxconn Technology Group, seeks to diversify from its role as the assembler of a swath of the world’s electronics from Macbooks to Sony Playstations. The company aims to employ its expertise in precision manufacturing and supply chain management to grow the automotive business to 10% of revenue in the long run, Chairman Young Liu told Bloomberg News.“Hon Hai will be responsible for design, components and supply chain management,” he said in a text message, adding that the company will not get into car assembly.Hon Hai and Fiat Chrysler are focusing on the Chinese market because of sheer volume, the executive said. While consumers in the country buy more electric vehicles than anywhere else in the world, sales have slumped since the government pared back subsidies amid a broader market downturn in demand.Hon Hai relies on Apple for about half of sales. Past attempts to diversify its product lines haven’t been entirely successful. The company has tried to invest in a number of electric-vehicle ventures but none has borne fruit. Hon Hai, which competes globally with the likes of Flex Ltd. and Jabil Inc., may now be counting on transferring years of consumer electronics production experience to an automotive arena that’s increasingly going high-tech.“As autos get more and more electrified and more and more digital components replace mechanical ones -- especially with EVs but also just traditional vehicles -- there’s scope for a real opportunity here,” said Matthew Kanterman, an analyst with Bloomberg Intelligence. “Vertical expertise is key in auto, and so a deal like FCA -- if it proves successful -- can help unlock doors for Hon Hai as that would be a strong reference account.”While Hon Hai has limited automotive experience, it does bring enormous supply-chain understanding to the table, said Michael Dunne, chief executive officer of consultant ZoZo Go. Tesla Inc. CEO Elon Musk told shareholders in 2014 that Foxconn was supplying some components to the electric-vehicle pioneer.From Fiat Chrysler’s perspective, the automaker has struggled to crack the Chinese market for years, and tightening fuel-economy standards and electric-vehicle mandates make the task even more challenging. Its market share in the world’s largest car market was less than 1% in 2018, well behind Ford Motor Co.’s 2.3% and General Motors Co.’s 13.8%.Chief Executive Officer Mike Manley is trying to reboot Fiat Chrysler’s money-losing Chinese operations. He restructured the automaker’s decade-old joint venture with Guangzhou Automobile Group in April, calling the shakeup an attempt to “more rapidly respond to changes in the Chinese market.”Read more: Mega Merger Wouldn’t Fix PSA-Fiat Chrysler’s China Woes(Updates with share price move and analyst comment)\--With assistance from Daniele Lepido.To contact the reporters on this story: Debby Wu in Taipei at dwu278@bloomberg.net;Gabrielle Coppola in New York at gcoppola@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Edwin Chan at echan273@bloomberg.net, Cécile Daurat, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Business Wire

    Flex Announces Date for Third Quarter Fiscal 2020 Earnings Call

    Flex (NASDAQ: FLEX) will hold a conference call to discuss its third quarter fiscal year 2020 results on Thursday, January 30, 2020 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

  • Is Now The Time To Look At Buying Flex Ltd. (NASDAQ:FLEX)?
    Simply Wall St.

    Is Now The Time To Look At Buying Flex Ltd. (NASDAQ:FLEX)?

    Flex Ltd. (NASDAQ:FLEX), which is in the electronic business, and is based in Singapore, saw a significant share price...

  • Business Wire

    Flex Delivers Seamless Path from Rapid Prototyping to High Volume Manufacturing of IoT Devices

    CES – Flex (NASDAQ: FLEX), the global supply chain and manufacturing company, in collaboration with QuickLogic Corporation and Infineon Technologies AG, today announced the availability of the FLEXino Sensor Fusion Development Kit to enable rapid prototyping and a corresponding 12mm x 12mm System-in-Package (SiP) for high volume production of Internet of Things (IoT) devices. To help reduce time to market and scale production, the development kit and SiP enable a wide range of new and existing sensor fusion IoT products requiring audio, pressure and motion sensing, Bluetooth and WiFi capabilities. At the Consumer Electronics Show (CES) this week, attendees interested in seeing a demonstration of the FLEXino Sensor Fusion Development Kit can make an appointment to visit QuickLogic's suite, located in the Venetian Tower Suite 31:220, by contacting info@quicklogic.com, or visit Infineon's booth in the Venetian Toscana Ballrooms 3706 and 3707.

  • Benzinga

    Goldman Sachs Removes Flex From Conviction List

    Goldman Sachs maintained its bullish stance on the tech manufacturer Flex this week, but removed the stock from its conviction list.  The Analyst Mark Delaney maintained a Buy rating on  Flex Ltd  (NASDAQ: ...

  • Flex Ltd. (FLEX) vs. Hedge Fund Favorites in 2019
    Insider Monkey

    Flex Ltd. (FLEX) vs. Hedge Fund Favorites in 2019

    Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]

  • Slack Sales Growth Holds Up Against Growing Microsoft Rivalry
    Bloomberg

    Slack Sales Growth Holds Up Against Growing Microsoft Rivalry

    (Bloomberg) -- Slack Technologies Inc. gave an upbeat quarterly forecast, demonstrating the software maker’s resilient growth despite intensifying competition from Microsoft Corp.Revenue will be $172 million to $174 million in the period ending in January, which would be 42% year-over-year at the midpoint, the San Francisco-based company said Wednesday in a statement. Analysts, on average, estimated $173.2 million, according to data compiled by Bloomberg.Chief Executive Officer Stewart Butterfield has sought to boost the number of paying customers for his company’s workplace messaging and workflow software, versions of which can be used for free. Slack, which had a direct listing on the New York Stock Exchange in June, is being challenged by Microsoft, the world’s largest software maker, which has a rival product called Teams that it sometimes gives to clients at no cost. Slack said it reached more than 105,000 paid customers in its second earnings report as a public company, fewer than the 106,700 analysts expected.“It was a great quarter for revenue growth,” Butterfield said in an interview. “We call out the enterprise growth specifically.”Competition with Microsoft has had a smaller effect on the business than some expected, he said. “There’s still a lot of market confusion and we’re going to have to work harder to dispel that. If you think about those concentric circles, there’s a lot where we don’t compete at all.”In the period ended Oct. 31, sales jumped 60% to $168.7 million. Analysts projected $156.2 million. Slack reported an adjusted loss of 2 cents a share for the quarter, compared with analysts’ estimates of 8 cents.The number of large customers grew 67% to 821 compared with a year earlier, slower than the pace in the fiscal second quarter, when the metric was 75%. For the first time, Slack disclosed that more than 50 customers are spending more than $1 million in annual recurring revenue on the company’s software.Shares gained about 2% in extended trading after closing at $21.66 in New York. The stock has dropped 17% since its initial public listing.Still, investors are wary about the competition from Microsoft. Slack said billings will be $745 million to $760 million in the fiscal year, the midpoint falling short of analysts’ average estimate of $754.3 million.Slack also announced that Chamath Palihapitiya, a venture capitalist and early investor in Slack, is stepping down from the board. Palihapitiya, who served as a director since 2017, will be replaced by Mike McNamara, former chief executive officer of Flex Ltd.Bloomberg Beta, the venture capital arm of Bloomberg LP, is an investor in Slack.(Updates with comments from CEO in the fourth paragraph)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Hedge Funds Are Selling Flex Ltd. (FLEX)
    Insider Monkey

    Hedge Funds Are Selling Flex Ltd. (FLEX)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Benzinga

    Trump 'Opened' A New Apple Factory That Has Been Running For 6 Years

    “We’re seeing the beginning of a very powerful, important plant,” Trump, who was accompanied by Apple CEO Tim Cook, said during the visit. “I would always talk about Apple, that I want to see Apple building plants in the United States, and that’s what’s happening,” he added.

  • Trump’s 2020 Campaign Collides With Trade War at Apple Plant
    Bloomberg

    Trump’s 2020 Campaign Collides With Trade War at Apple Plant

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Donald Trump’s effort to tout U.S. economic growth collided with his trade war on Wednesday when he toured an Apple Inc. factory in Texas, where Tim Cook had the chance to plead in-person to keep Macs and iPhones free from tariffs.Trump’s visit to the Austin factory, where Apple contractor Flex Ltd. assembles some of the company’s laptops, was intended to highlight the growth in U.S. manufacturing jobs since his inauguration. Trump has made U.S. economic growth the centerpiece of his campaign for re-election in 2020.But the stop also highlighted the impact of Trump’s trade war with Beijing. The administration is currently considering whether to exempt Apple goods from a 15% tariff that took effect Sept. 1, covering about $110 billion in Chinese imports including the Apple Watch, AirPods and parts for the iPhone.“When you build in the United States you don’t have to worry about tariffs,” Trump told reporters at the plant. In response to a question, Trump said he’s “looking at” exempting Apple from U.S. tariffs entirely, saying that the company’s South Korea-based competitor Samsung Electronics Co. may otherwise enjoy an unfair advantage in the U.S.“I said some day we’re going to see Apple building plants in our country, not in China, and that’s what’s happening,” Trump said. “It’s all happening. It’s all the American dream.”In reality, this is not happening: Apple still has most of its devices assembled outside the U.S., and the company relies heavily on China-based manufacturing partners.Cultivated RelationshipCook, Apple’s CEO, has cultivated a personal relationship with both Trump and his daughter, Ivanka, who is a White House senior adviser. He’s dined twice with Trump at his Bedminster, New Jersey, golf resort, attended a state dinner for French President Emmanuel Macron and even traveled with Ivanka Trump to visit schools in Idaho. But that rapport will be tested if Trump can’t reach what he calls a “phase-one” trade deal with Chinese President Xi Jinping that would roll back U.S. tariffs.A round of tariffs set to take effect in December would be even more painful for Apple, including a 15% levy on the iPhone itself.Apple announced Wednesday that it had begun construction on a $1 billion, 3-million-square-foot campus in Austin. “Building the Mac Pro, Apple’s most powerful device ever, in Austin is both a point of pride and a testament to the enduring power of American ingenuity,” Cook said in a statement that didn’t mention Trump’s visit.The statement emphasized Apple’s U.S. footprint, saying the company relies on 9,000 suppliers in all 50 states and that it would contribute $350 billion to the domestic economy by 2023, including $30 billion in capital expenditures.Trump and Cook toured the plant largely out of sight of reporters accompanying the president. At one point, Cook and factory workers demonstrated for the president how the Mac Pro is assembled.A factory worker showed Trump a silver-colored plate for the Mac Pro that said “Assembled in the USA.”“That’s what we want,” Trump responded.Apple TariffsWhite House spokesman Judd Deere said the factory was “made possible through the president’s pro-growth and pro-business economic policies.” Treasury Secretary Steven Mnuchin and top White House economic adviser Larry Kudlow, two key figures on trade, accompanied Trump, as did senior advisers Jared Kushner and Ivanka Trump.“We’re building the Mac Pro — Apple’s most powerful computer ever — right here in Austin because we believe in the power of American innovation,” Cook said in a statement distributed by the White House.In its appeal for a waiver, Apple claims it cannot identify a manufacturing location outside China able to meet U.S. demand for the products or components that would be subject to tariffs.Apple previously received tariff waivers on 10 of 15 requested items in September. Soon afterward, the company announced it would assemble its new Mac Pro in Austin, Texas, rather than China. Apple said at the time that the decision was “made possible” by the exclusions, which included components for the Mac Pro.Cook’s LeverageThe sequence of events showed that Cook has some leverage on Trump. The president said in August that Cook personally appealed to him by arguing that tariffs would help Apple’s foreign competition.“I have a lot of respect for Tim Cook. And Tim was talking to me about tariffs. And, you know, one of the things — and he made a good case — is that Samsung is their number-one competitor, and Samsung is not paying tariffs because they’re based in South Korea,” Trump told reporters in August.Trump laid out his economic argument for re-election last week in a speech at the Economic Club of New York, highlighting his tax cuts and deregulation as key catalysts for economic growth. The U.S. added about 443,000 manufacturing jobs since January 2017, the month Trump took office, though factories have shed about 41,000 positions in the last two months.Apple had planned to move Mac Pro assembly to China after a number of problems plagued the Austin facility, including trouble retaining skilled labor. The factory produced a previous version of the computer starting in 2013.While Cook has said his company supports 2.4 million jobs in the U.S., only a small fraction are for final assembly. Earlier this decade, the company assembled a small amount of iMacs at a facility in Elk Grove, California, but it currently does not assemble any product in the U.S. outside of Texas. Apple has offices in San Diego, San Francisco, New York, Austin, Denver, Seattle, Florida, and Boston.In December 2018, the company announced plans to invest $1 billion in its existing Austin campus so that it could employ as many as 15,000 workers, according to the White House.(Updates with additional details of trip beginning in 12th paragraph)\--With assistance from Mark Gurman and Mark Niquette.To contact the reporter on this story: Jordan Fabian in Washington at jfabian6@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Joshua GalluFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Enphase Inks Deal With Sunrun to Supply IQ7 Microinverters
    Zacks

    Enphase Inks Deal With Sunrun to Supply IQ7 Microinverters

    Enphase Energy (ENPH) signs a strategic supply deal with Sunrun for supplying its IQ7 microinverters to the later. The microinverters will get installed in Sunrun's residential solar projects.

  • Moody's

    Flex Ltd. -- Moody's announces completion of a periodic review of ratings of Flex Ltd.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Flex Ltd. New York, November 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Flex Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Thomson Reuters StreetEvents

    Edited Transcript of FLEX earnings conference call or presentation 24-Oct-19 9:00pm GMT

    Q2 2020 Flex Ltd Earnings Call

  • Hedge Funds Have Never Been This Bullish On Flex Ltd. (FLEX)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Flex Ltd. (FLEX)

    Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. However, our research shows this not to be the case. In fact, when it comes to their very top picks collectively, they show a strong ability […]

  • Electronics Stocks' Oct 30 Earnings Roster: KLAC, TEL & More
    Zacks

    Electronics Stocks' Oct 30 Earnings Roster: KLAC, TEL & More

    Here is a sneak peek at how four electronics stocks might fare in their quarterly results slated to release on Oct 30.