9.82 +0.11 (1.10%)
After hours: 4:11PM EDT
|Bid||9.72 x 3100|
|Ask||9.80 x 1100|
|Day's Range||9.67 - 10.12|
|52 Week Range||6.74 - 14.18|
|Beta (3Y Monthly)||2.25|
|PE Ratio (TTM)||225.81|
|Earnings Date||Oct 23, 2019 - Oct 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.64|
It's easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make...
(Bloomberg) -- Hon Hai Precision Industry Co., the biggest assembler of iPhones, reported better-than-projected earnings after snagging additional business from Chinese smartphone giant Huawei Technologies Co.The company reported a 2.5% decline in net income to NT$17.1 billion, compared with the average analyst estimate of NT$16.3 billion. Revenue for the April-June period reached NT$1.16 trillion, according to Bloomberg calculations from previous monthly sales data provided by the company, a record for the second quarter.Hon Hai, the biggest piece of billionaire Terry Gou’s Foxconn Technology Group, has struggled to find new sources of growth after smartphone demand began to tail off in 2018. But in the June quarter, its Hong Kong-listed subsidiary FIH Mobile Ltd. cut costs and likely won orders from rival Flex Ltd., which shunned business from Huawei in response to U.S. sanctions. While investors expect U.S. President Donald Trump’s sanctions to eventually wallop Huawei’s business, the impact of those curbs should be fully felt only in the second half of the year.Flex’s orders from Huawei had gone to FIH, and that would benefit the company’s sales momentum in the second half, analyst Arthur Liao at Fubon Securities wrote in a July 23 note.To contact the reporter on this story: Debby Wu in Taipei at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Huawei Technologies said it was seeking compensation from its contract manufacturer Flex Ltd for illegally withholding some 400 million yuan ($57 million) worth of its goods in the wake of a U.S. trade ban on the Chinese firm. In the letter, Huawei says Flex's Chinese unit "disregarded Chinese law" by refusing to return production equipment, raw materials and half-made products belonging to Huawei worth around 400 million yuan at its Zhuhai factory "for nearly two months" after Washington banned Huawei in May, the source said. The Huawei-Flex situation marks the latest fallout from Washington's trade sanctions against Huawei that has caused much disruption and confusion in the global tech supply chain.
Flex Ltd , a contract manufacturer for Huawei that is locked in a dispute with the Chinese tech giant over about $100 million worth of assets, said the market situation was affecting some of its jobs in the Asian nation. Chinese financial magazine Caixin reported late on Sunday that some 10,000 Flex jobs in China were expected to be cut as two major factories in Changsha and Zhuhai had stopped work due to its row with Huawei. While declining to comment on the report, a Flex spokesman said "after careful review of the market situation and customer need, we are offering impacted employees job opportunities within Flex Zhuhai Industrial Park and other Flex locations".
Chinese technology giant Huawei was once one of Flex’s largest customers, with one analyst estimating Flex made about 5 percent of its quarterly revenue from Huawei alone.
Flex (FLEX) delivered earnings and revenue surprises of 0.00% and -1.78%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Chinese authorities are thinking about putting Flex on a government list of “unreliable entities,” which might further constrict the company’s activities in China.
Electronics manufacturer Flex held up goods worth some 700 million yuan ($101.85 million) of its Chinese client Huawei Technologies for more than a month after Washington put Huawei on a trade blacklist, China's Global Times reported on Thursday. Guo Fulin, president of international media affairs at Huawei, told Reuters the company has retrieved some 400 million yuan of goods after negotiations with Flex last month and is still trying to get back the rest. In May, Huawei was added to the Entity List on national security grounds which barred it from buying U.S. goods and services.
President Trump has previously suggested that banning American companies from making sales to Huawei could become a bargaining chip in his trade war with China, despite calling the company “very dangerous” for national security.
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.
SINGAPORE , July 18, 2019 /PRNewswire/ -- Flex (NASDAQ: FLEX) and Cap Vista today announced a joint partnership to develop and advance hardware technology startups in Singapore . This partnership will ...
Flex will hold a conference call to discuss its first quarter fiscal year 2020 results on Thursday, July 25, 2019 at 2:00 p.m. Pacific Time .
Flex Ltd NASDAQ/NGS:FLEXView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for FLEX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FLEX. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FLEX are favorable, with net inflows of $716 million. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. FLEX credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Many investors in Silicon Valley are waiting for the next big platform. That's fine with Lior Susan, a former Flex exec who in 2015 co-founded Eclipse Ventures with the legendary venture capitalist Pierre Lamond, long of Sequoia Capital.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which unveil their equity positions as of March 31. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. The lead plaintiff can select a law firm of its choice.
NEW YORK, NY / ACCESSWIRE / June 7, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...