7.26 -0.47 (-6.08%)
Pre-Market: 8:00AM EST
|Bid||7.26 x 1100|
|Ask||8.40 x 21500|
|Day's Range||7.72 - 7.95|
|52 Week Range||6.74 - 19.71|
|Beta (3Y Monthly)||2.03|
|PE Ratio (TTM)||13.56|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.82|
Does the December share price for Flex Ltd. (NASDAQ:FLEX) reflect it's really worth? Today, I will calculate the stock's intrinsic value by projecting its future cash flows and then discounting Read More...
NEW YORK, NY / ACCESSWIRE / December 12, 2018 / Traders News Source, a leading independent equity researchand corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Flex Ltd. (FLEX), a company with approximately 200,000 professionals across 30 countries, providing innovative design, engineering, manufacturing, real-time supply chain insight, and logistics services to companies of all sizes in various industries and end-markets. FLEX shares dropped 30% in late October when the company missed analysts' estimate for revenue, announced an end to a partnership with Nike, disclosed that its CEO was retiring at the end of the year, and provided guidance that was below expectations. The Company is in the process of finalizing the terms and details of the wind-down and is striving hard to retain many of the affected employees and repurpose the facility.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting FLEX. Over the last one-month, outflows of investor capital in ETFs holding FLEX totaled $211 million.
U.S. stock futures fell sharply Wednesday evening and markets in Asia tumbled following reports that a senior official of Chinese smartphone maker Huawei was arrested in Canada and is facing possible extradition to the U.S. for violating sanctions against trading with Iran. Dow futures were down 1.2%, Nasdaq futures were off 1.3%, and S&P futures were 1.1% lower after 9 p.m. Eastern. The arrest comes at a sensitive time for U.S. China relations.
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in October due to various reasons. Nevertheless, the data show elite investors’ consensus picks have done well on average over the long-term. The top 30 S&P 500 stocks among hedge funds at […]
SAN JOSE, Calif., Nov. 15, 2018 /PRNewswire/ -- Flex (FLEX) today announced that Charles K. "Chuck" Stevens III and Jill Greenthal have been appointed to the Company's Board of Directors. Mr. Stevens and Ms. Greenthal bring strong financial and investment expertise. As the former Chief Financial Officer of General Motors, Mr. Stevens brings strong financial expertise as well as extensive experience in the automotive industry which will be invaluable to Flex's automotive business.
The Singapore-based manufacturing giant reported a decent second quarter but will fall far short of Wall Street's original expectations for the next couple of reports.
Moody's Investors Services ("Moody's") said that during its fiscal 2Q19 earnings call, Flex Ltd. ("Flex") management reduced consolidated revenue and earnings guidance for FYE March 2019 reflecting the decision to wind down its Nike footwear manufacturing program in Mexico, delays in bringing on additional capacity in India to support business that has already been booked, as well as greater than expected inventory build as a result of component shortages.
Individual investors do not usually have the necessary resources to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis that leads to poor returns on aggregate. Since stock returns aren’t usually evenly distributed and index returns are more affected by a few outlier stocks (i.e. […]
NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Flex (FLEX) mixed second-quarter fiscal 2019 results. This can primarily be attributed to the loss from Nike venture and unfavorable business mix.
The stock market has fallen significantly this month, wiping out most of the returns generated this year. The S&P 500 ETF (SPY) has fallen 8.7% in October, indicating a marginal return of 0.73% for 2018. Similarly, tech ETFs such as the PowerShares QQQ Trust (QQQ) and the Technology Select Sector SPDR Fund (XLK) have fallen 10.3% and 9.6% this month.
Flex Ltd. reported its earnings for the second quarter that was mixed and also revealed an end to a Nike partnership and that its CEO is retiring at the end of the year. National Instruments Corporation shares were up almost 17% on Friday on about 2.8 million shares traded. The stock saw the big pop after the company, which makes tools and systems for scientists and engineers, reported third quarter financial results.
The markets are in the red again on Friday as all three major indexes are down by over 1%. Among the stocks trending include Synergy Pharmaceuticals Inc (NASDAQ:SGYP), Tesla Inc (NASDAQ:TSLA),Tencent Holdings Ltd (OTCMKTS:TCTZF),Flex Ltd (NASDAQ:FLEX), Lantronix Inc (NASDAQ:LTRX). Let’s take a closer look at why investors have been watching or selling those stocks. For those of you interested in […]
On a per-share basis, the Singapore-based company said it had profit of 16 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 29 cents per share. The results surpassed Wall ...
- Quarterly revenue of $6.7 billion , increased 7% year-over-year - GAAP diluted EPS of $0.16 , Non-GAAP diluted EPS of $0.29 - Repurchased 4.4 million shares for approximately $60 million . - Winding ...
SAN JOSE, Calif., Oct. 25, 2018 /PRNewswire/ -- Flex (FLEX) today announced that Michael M. McNamara, the Company's Chief Executive Officer and a member of the Company's Board of Directors, has decided to retire as Chief Executive Officer, effective December 31, 2018. The Board has engaged Heidrick & Struggles International, Inc. to conduct a search for a new Chief Executive Officer and will be considering both internal and external candidates. Michael D. Capellas, Chairman of the Board, will actively assist the Company's management with the Chief Executive Officer transition.
Flex Ltd (NASDAQ:FLEX), which is in the electronic business, and is based in Singapore, saw significant share price volatility over the past couple of months on the NasdaqGS, rising to Read More...
Companies to Develop Digital Health Solutions to Improve Diabetes Care SAN JOSE, Calif. , Oct. 23, 2018 /PRNewswire/ -- Flex (NASDAQ:FLEX), the Sketch-to-Scale® solutions provider that designs and builds ...