Concentrix Corporation provides technology-infused customer experience solutions worldwide. It provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services. The company also offers customer lifecycle management; customer experience/user experience strategy and design; digital transformation; and voice of the customer and analytics solutions. Its strategic verticals include technology and consumer electronics, communications and media, retail, travel and e-commerce, banking, financial services and insurance, healthcare, and others. The company's clients include digital, internet, health insurance, and automotive companies, as well as banks. Concentrix Corporation was incorporated in 2009 and is based in Fremont, California.
IPO Year:
Exchange: NASDAQ
Website: concentrix.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/3/2024 | $70.00 | Outperform | Robert W. Baird |
| 8/28/2024 | $65.00 → $85.00 | Underperform → Neutral | BofA Securities |
| 3/27/2024 | $85.00 → $60.00 | Neutral → Underperform | BofA Securities |
| 9/6/2023 | $70.00 | Neutral | Redburn Atlantic |
| 8/24/2023 | $120.00 | Sector Outperform | Scotiabank |
| 6/29/2023 | Buy → Neutral | BofA Securities | |
| 4/12/2023 | $150.00 | Buy | Canaccord Genuity |
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NEWARK, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a leading global provider of customer experience (CX) services and technologies, today announced the arrival of Ryan Peterson as Executive Vice President and Chief Product Officer. Ryan will join the Concentrix Global Executive Team and report directly to Chris Caldwell, President and CEO. As Chief Product Officer, Ryan's mission will be to design, develop and deploy innovative products at scale across clients and internal operations. Ryan's team will focus on GenAI powered solutions that leverage Concentrix' domain expertise to enhance customer experiences, as well as improve the productivity of Co
Chris Caldwell, President and CEO of Concentrix, to discuss AI's transformative impact on the customer experienceCompany to showcase leading-edge technologies at Stand 0404-16, FIL1 Pavilion 1 NEWARK, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, announced today that it will offer new insights into how AI and intelligent experiences are reshaping industries at Web Summit 2024, the world's premier tech conference in Lisbon, Portugal November 11-14. Chris Caldwell, President and CEO of Concentrix, will hold a fireside chat on the Corporate Innovation Stage (Pavilion 4, stage 14) on November 14 at 12pm CET on "Why Cu
NEWARK, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, today announced the release of iX Hello, a GenAI-powered self-service application designed to supercharge productivity and engagement quality, with high security. A Media Snippet accompanying this announcement is available by clicking on this link. iX Hello offers an out-of-the box solution for businesses to create virtual assistants for countless use cases — from data analysis to rapid language translations to internal self-service chatbots and more. The product acts as an assistant that securely integrates with leading Large Language Models (LLMs) as wel
Delivers revenue above the midpoint of guidance and profit within guidance rangeReturns $60 million to shareholders in the quarter through share repurchases and dividends and raises quarterly dividend by 10%Introduces iX Hello™, the Company's first commercial product launch, reflecting the Company's accelerated AI investments NEWARK, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, today announced financial results for the fiscal third quarter ended August 31, 2024. Three Months Ended August 31, 2024 August 31, 2023 ChangeRevenue ($M)$2,387.4 $1,632.8 46.2%Operating income ($M)$153.
NEWARK, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, plans to announce its fiscal third quarter 2024 financial results after market close on Wednesday, September 25, 2024. The Company also plans to host a conference call and webcast with the investment community to discuss the financial results that same evening on Wednesday, September 25, 2024, at 5:00 pm, Eastern Time. The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Concentrix website under "Events and Presentations" at https://ir.concentrix.com/events-and-presentations. A replay will also be avail
NEWARK, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, today announced the release of its 2024 Sustainability Report - The Power Of One, detailing the company's progress toward supporting its people, local communities and planet, and evolving its strategy for a more sustainable future. "We firmly believe that one person or action can spark transformative change. Our team, united by a common purpose, aims to create a global ripple effect of positive change, something we call the Power of One," said Philip Cassidy, Executive Vice President, Strategic Projects and Corporate Strategy, Concentrix. "Seeing the impact our
Exceeds revenue expectations and raises full year 2024 revenue guidance reflecting solid demand for the Company's differentiated technology and service offeringsGenerates over $200 million of adjusted free cash flow in the quarter and confirms adjusted free cash flow outlook for the yearReturns $60 million to shareholders in the second quarter through share repurchases and dividendsReiterates its commitment to share repurchases, dividends and debt reduction in 2024 NEWARK, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, today announced financial results for the fiscal second quarter ended May 31, 2024. Three Months
NEWARK, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, plans to announce its fiscal second quarter 2024 financial results after market close on Wednesday, June 26, 2024. The Company also plans to host a conference call and webcast with the investment community to discuss the financial results that same evening on Wednesday, June 26, 2024, at 5:00 pm, Eastern Time. The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Concentrix website under "Events and Presentations" at https://ir.concentrix.com/events-and-presentations. A replay will also be available o
NEWARK, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, today proudly announces its debut on the prestigious Fortune 500® list, securing the 499th position. This milestone marks a significant achievement in Concentrix' history, reflecting its sustained growth and commitment to delivering transformative solutions that power the world's best brands today and into the future. "We are incredibly proud to be joining the Fortune 500®. It is not only a testament to our game-changers' hard work and dedication but also a clear indicator of our position as a leading technology and services company that designs, builds, and run
NEWARK, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, today announced that members of its senior management team will be participating in the following upcoming conferences: J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference – Wednesday May 22, 2024, at the Westin Boston Seaport Hotel in Boston, MA. Concentrix will host investor meetings.Baird 2024 Global Consumer, Technology & Services Conference – Tuesday, June 4, 2024, at the InterContinental New York Barclay Hotel in New York City. Concentrix will present at 12:15pm ET and will host investor meetings.BofA Securities 2024 Global Techno
NEWARK, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, announced today it has been named a Leader and Star Performer by global analyst firm Everest Group in its Trust and Safety Services PEAK Matrix® Assessment 2024. The assessment evaluates leading trust and safety providers that offer services designed to protect online platforms from bad actors and harmful content. The matrix measures market impact in the industry and analyzes their ability to deliver services successfully, highlighting each provider's key strengths and limitations. Among 27 leading trust and safety providers, Concentrix earned Star Performer po
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Canaccord Genuity analyst Joseph Vafi maintains Concentrix (NASDAQ:CNXC) with a Buy and maintains $125 price target.
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Concentrix (NASDAQ:CNXC) reported quarterly earnings of $2.69 per share which beat the analyst consensus estimate of $2.62 by 2.67 percent. The company reported quarterly sales of $2.380 billion which beat the analyst consensus estimate of $2.348 billion by 1.37 percent. This is a 47.37 percent increase over sales of $1.615 billion the same period last year.
Barrington Research analyst Vincent Colicchio maintains Concentrix (NASDAQ:CNXC) with a Outperform and maintains $84 price target.
Scotiabank analyst Divya Goyal maintains Concentrix (NASDAQ:CNXC) with a Sector Outperform and lowers the price target from $120 to $85.
- SEC Filing
Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader that has been operating under the trade name of Concentrix + Webhelp, today announced its transition to the Concentrix name and continued evolution of its brand.The Concentrix name is based on the concept of concentric circles, reflecting the company's focus on keeping its people and clients always at the center, a concept that is still as relevant today as it was when the name was established. The newly designed visual identity represents the technology and transformative solutions that Concentrix delivers to power the brands of the future.This rebrand reinforces the company's continued commitment to bringing toge
Concentrix's (NYSE:CNXC) short percent of float has risen 4.74% since its last report. The company recently reported that it has 2.19 million shares sold short, which is 4.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.84 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Robert W. Baird initiated coverage of Concentrix with a rating of Outperform and set a new price target of $70.00
BofA Securities upgraded Concentrix from Underperform to Neutral and set a new price target of $85.00 from $65.00 previously
BofA Securities downgraded Concentrix from Neutral to Underperform and set a new price target of $60.00 from $85.00 previously
Redburn Atlantic initiated coverage of Concentrix with a rating of Neutral and set a new price target of $70.00
Scotiabank initiated coverage of Concentrix with a rating of Sector Outperform and set a new price target of $120.00
BofA Securities downgraded Concentrix from Buy to Neutral
Canaccord Genuity initiated coverage of Concentrix with a rating of Buy and set a new price target of $150.00
Barrington Research initiated coverage of Concentrix with a rating of Outperform and set a new price target of $182.00
Delivers revenue above the midpoint of guidance and profit within guidance rangeReturns $60 million to shareholders in the quarter through share repurchases and dividends and raises quarterly dividend by 10%Introduces iX Hello™, the Company's first commercial product launch, reflecting the Company's accelerated AI investments NEWARK, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, today announced financial results for the fiscal third quarter ended August 31, 2024. Three Months Ended August 31, 2024 August 31, 2023 ChangeRevenue ($M)$2,387.4 $1,632.8 46.2%Operating income ($M)$153.
NEWARK, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, plans to announce its fiscal third quarter 2024 financial results after market close on Wednesday, September 25, 2024. The Company also plans to host a conference call and webcast with the investment community to discuss the financial results that same evening on Wednesday, September 25, 2024, at 5:00 pm, Eastern Time. The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Concentrix website under "Events and Presentations" at https://ir.concentrix.com/events-and-presentations. A replay will also be avail
Exceeds revenue expectations and raises full year 2024 revenue guidance reflecting solid demand for the Company's differentiated technology and service offeringsGenerates over $200 million of adjusted free cash flow in the quarter and confirms adjusted free cash flow outlook for the yearReturns $60 million to shareholders in the second quarter through share repurchases and dividendsReiterates its commitment to share repurchases, dividends and debt reduction in 2024 NEWARK, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, today announced financial results for the fiscal second quarter ended May 31, 2024. Three Months
NEWARK, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a global technology and services leader, plans to announce its fiscal second quarter 2024 financial results after market close on Wednesday, June 26, 2024. The Company also plans to host a conference call and webcast with the investment community to discuss the financial results that same evening on Wednesday, June 26, 2024, at 5:00 pm, Eastern Time. The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Concentrix website under "Events and Presentations" at https://ir.concentrix.com/events-and-presentations. A replay will also be available o
Revenue at high end of guidance rangeWell-positioned for Q2 with a strong pipelineConfirming full year business outlook for revenue, profit, cash flowCommitted to share repurchases of $100 million over remainder of 2024 NEWARK, Calif., March 26, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a leading global provider of customer experience (CX) solutions and technology, today announced financial results for the fiscal first quarter ended February 29, 2024. Three Months Ended February 29, 2024 February 28, 2023 ChangeRevenue ($M)$2,402.7 $1,636.4 46.8%Operating income ($M)$148.4 $156.0 (4.9)%Non-GAAP operating income ($M) (1)$319.1 $217.6 46.6%Operating margin 6.2%
NEWARK, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a leading global provider of customer experience (CX) solutions and technology, plans to announce its fiscal first quarter 2024 financial results after market close on Tuesday, March 26, 2024. The Company also plans to host a conference call and webcast with the investment community to discuss the financial results that same evening on Tuesday, March 26, 2024, at 5:00 pm, Eastern Time. The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Concentrix website under "Events and Presentations" at https://ir.concentrix.com/events-and-presentations.
NEWARK, Calif., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a leading global provider of customer experience (CX) solutions and technology, today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2023. Three Months Ended Fiscal Year Ended November 30, 2023 November 30, 2022 Change November 30, 2023 November 30, 2022 ChangeRevenue ($M) $2,230.8 $1,640.7 36.0% $7,114.7 $6,324.5 12.5%Operating income ($M) $180.4 $178.0 1.3% $661.3 $640.2 3.3%Non-GAAP operating income ($M) (1)$340.8 $248.0 37.4% $1,010.0 $884.1 14.2%Operating margin 8.1% 10.8% -270 bps 9.3% 10.1% -80 bpsNon-GAAP operating margin (1) 15.3
NEWARK, Calif., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a leading global provider of customer experience (CX) solutions and technology, plans to announce its fourth quarter and full year fiscal 2023 financial results after market close on Wednesday, January 24, 2024. The Company also plans to host a conference call and webcast with the investment community to discuss the financial results that same evening on Wednesday, January 24, 2024, at 5:00 pm, Eastern Time. The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Concentrix website under "Events and Presentations" at https://ir.concentrix.com/even
NEWARK, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a leading global provider of customer experience (CX) solutions and technology that operates under the trade name Concentrix + Webhelp, today announced financial results for the fiscal third quarter ended August 31, 2023. Three Months Ended August 31, 2023 August 31, 2022 ChangeRevenue ($M)$1,632.8 $1,579.6 3.4%Operating income ($M)$162.3 $157.5 3.0%Non-GAAP operating income ($M) (1)$231.0 $221.5 4.3%Operating margin 9.9% 10.0% -10 bps Non-GAAP operating margin (1) 14.1% 14.0% 10 bps Net income ($M)$77.6 $106.7 (27.3)%Non-GAAP net income ($M) (1)$141.0 $154.4 (8.7)%Adjusted EBITDA ($M) (
NEWARK, Calif., Sept. 15, 2023 (GLOBE NEWSWIRE) -- Concentrix, a leading global provider of customer experience (CX) solutions and technology, today announced that it has obtained all required regulatory approvals for its pending combination with Webhelp and expects to close the transaction on or about September 25, 2023. The closing of the transaction remains subject to customary closing conditions. "Upon the close, the combination with Webhelp will create a leading provider of customer experience solutions globally with broad capabilities across CX digital services and technology delivered at scale," said Chris Caldwell, President and CEO of Concentrix. "Our combined clients will bene
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