32.32 0.00 (0.00%)
After hours: 4:00PM EST
|Bid||32.27 x 1400|
|Ask||32.28 x 1200|
|Day's Range||31.95 - 32.54|
|52 Week Range||22.30 - 34.71|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||16.41|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.67|
Sanmina Corporation (Nasdaq: SANM), a leading integrated manufacturing solutions company that manufactures some of the world's most complex and innovative electronic, optical and mechanical products, today announced that it has achieved the IATF 16949:2016 certification at its manufacturing facility in Chennai, India. The certification combined with the facility's Domestic Tariff Area status in a Hi-Tech Special Economic Zone, enables Sanmina to manufacture and deliver automotive products for both domestic and export markets, without additional customs duty.
NSS2249 Leading-Edge Design Provides Unprecedented Performance Leveraging Two AMD EPYC™ CPU Server Modules and 24 PCIe 4.0 NVMe Drives in Compact 2U Footprint SAN JOSE, Calif. , Nov. 18, 2019 /PRNewswire/ ...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sanmina Corporation 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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SAN JOSE, Calif., Oct. 31, 2019 /PRNewswire/ -- Sanmina Corporation (SANM), a leading integrated manufacturing solutions company that makes some of the world's most complex and innovative electronic, optical and mechanical products, today announced that it has won two awards from the Electronics Industries Association of India (ELCINA) for 2018-19. Sanmina's state-of-the-art manufacturing facility in Chennai, India earned the prestigious honors in the areas of Business Excellence and Quality Excellence. The awards were presented to Sanmina executives by Mr. Ajay Prakash Sawhney, Secretary of the Ministry of Electronics and IT, Government of India, at a ceremony that took place in Delhi, India.
Sanmina Corp. shares dropped in the extended session Monday after the electronics manufacturing services provide issued a disappointing outlook and announced a "right-sizing" plan. Sanmina shares fell 14% after hours, following a 1% rise in the regular session to close at $31.80. For the first fiscal quarter, Sanmina expects adjusted earnings of 65 cents to 75 cents on revenue of $1.73 billion to $1.83 billion, while analysts surveyed by FactSet had forecast earnings of 87 cents a share on revenue of $2.18 billion. "We expect demand to be soft in the first half of the fiscal year as a result of excess inventory in the channel, slower than anticipated 5G deployment and global economic uncertainty," said Hartmut Liebel, Sanmina's chief executive since the beginning of the month, in a statement. "As a result, we have initiated a plan to right size the organization to further improve operational efficiencies and optimize our cost structure." While not specifying how many layoffs, the company said it expects to spend about $10 million to $20 million, mostly for severance costs, and also buy back up to $200 million in stock. San Jose, Calif.-based Sanmina has about 47,000 employees. The company reported fiscal fourth-quarter net income of $19.8 million, or 27 cents a share, compared with $782,000, or a penny a share, in the year-ago period. Adjusted earnings were 84 cents a share. Revenue rose to $1.89 billion from $1.88 billion in the year-ago quarter. Analyst had forecast earnings of 77 cents a share on revenue of $1.93 billion.
SAN JOSE, Calif. , Oct. 28, 2019 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported ...
SAN JOSE, Calif. , Oct. 22, 2019 /PRNewswire/ -- Sanmina Corporation (NASDAQ: SANM) announced today that it will host its fourth quarter and fiscal year 2019 earnings conference call on Monday, October ...
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Sanmina Corp. said late Monday that Kurt Adzema has joined the electronics maker as its chief financial officer, succeeding David Anderson, who in January announced his intention to retire. Anderson "will help facilitate a smooth transition" and will remain an adviser to Sanmina's executive chairman through March 27, the company said in a statement. Adzema most recently served as CFO of Finisar Corp. Sanmina gota new CEO last month. The shares were flat in the extended session after ending the regular trading day down 0.4%.
SAN JOSE, Calif. , Oct. 14, 2019 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced ...
Today we are going to look at Sanmina Corporation (NASDAQ:SANM) to see whether it might be an attractive investment...
Sanmina Corp. said late Wednesday its board of directors has named Hartmut Liebel the company's new chief executive, effective Sept. 30. Liebel will succeed Michael Clarke, who will have an advisory role through the transition, the electronics maker said. Liebel joined Sanmina in July as president and chief operating officer, and prior to that held positions at iQor and Jabil Inc. Shares of Sanmina were flat in the extended session Wednesday after ending the regular trading day up 3.4%.
SAN JOSE, Calif., Sept. 11, 2019 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (SANM), a leading integrated manufacturing solutions company, today announced the Board of Directors has voted to appoint Hartmut Liebel as Chief Executive Officer, effective September 30, 2019. Mr. Liebel will succeed Michael Clarke who will remain in an advisory capacity through a transition period. "Hartmut joined Sanmina in July and has quickly demonstrated his leadership and breadth of business experience which are critical to lead Sanmina. He is a proven business leader with a distinguished track record successfully driving profitable growth through a focus on customer service and satisfaction, innovation, operational execution, people development, and delivering value to shareholders," stated Jure Sola, Executive Chairman.
SAN JOSE, Calif. , Sept. 10, 2019 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced ...
SAN JOSE, Calif., Aug. 22, 2019 /PRNewswire/ -- Viking Enterprise Solutions, a product division of Sanmina Corporation (SANM), today announced that it has won the Best of Show Innovation Award at the 2019 Flash Memory Summit for the Most Innovative Flash Memory Enterprise Business Application. Viking Enterprise Solutions demonstrated an NVMe-oF Kubernetes Composable Infrastructure Solution that earned the division its first win under the new brand and its first solo win without the involvement of partners, beating out a record number of award submissions this year.
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