Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through High Reliability Solutions, Industrial and Emerging Industries, Communications & Enterprise Compute, and Consumer Technologies Group segments. The company provides a portfolio of technologies in electrical/electronics, electromechanical, and software; and cross-industry technologies, including human machine interface, audio and video, system in package, miniaturization, IoT platforms, and power management. It also designs and integrates advanced data center servers, storage and networking equipment, and data center appliances. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; isolated DC/DC converters and non-isolated Point of Load converters for the information and communications technology market; and specialized power module solutions for other markets. Additionally, the company provides after-market and forward supply chain logistics services comprising supplier-managed inventory, inbound freight management, product postponement, build/configure to order, order fulfillment and distribution, asset tracking, and supply chain network design; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1990 and is based in Singapore.
IPO Year: 1994
Exchange: NASDAQ
Website: flex.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/25/2024 | $39.00 | Hold → Buy | Craig Hallum |
5/2/2024 | $27.00 | Buy → Hold | Craig Hallum |
9/7/2023 | $35.00 | Overweight | Barclays |
7/5/2023 | $30.00 | Overweight | JP Morgan |
8/17/2022 | $24.00 | Outperform | Credit Suisse |
5/18/2022 | $22.00 | Hold → Buy | Argus |
AUSTIN, Texas, Sept. 12, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today published its 2024 sustainability report, highlighting the company's global sustainability performance and progress from calendar year 2023. Flex's 2030 sustainability strategy, goals and initiatives focus on minimizing the company's environmental impact, creating a safe, inclusive, and respectful work environment, investing in communities, driving ethical practices with transparency, and accelerating a more sustainable value chain in partnership with customers and suppliers. View Flex's 2024 sustainability report prepared in accordance with the Global Reporting Initiative (GRI) Standards: https://flex.com/downloads/2024-
AUSTIN, Texas, Aug. 29, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) has announced members of its leadership team will participate in the upcoming investor conference: Goldman Sachs 2024 Communacopia + Technology Conference Date: Monday, September 9, 2024Presentation time: 12:10pm CT / 1:10pm ET The presentation will be available as a live webcast accessible through the Flex Investor Relations website at https://investors.flex.com. An archived replay will be available on the website shortly after the conclusion of the presentation. About FlexFlex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Throug
Fully-operational facility in Dundalk to serve as an assembly hub for switchgears and modular power systems, ensuring seamless and efficient production process for data center customers AUSTIN, Texas and DUNDALK, Ireland, Aug. 22, 2024 /PRNewswire/ -- Anord Mardix, a Flex (NASDAQ:FLEX) company specializing in the design and manufacturing of critical power distribution and end-to-end power solutions, opened a second facility in Dundalk, Ireland. This new Dundalk facility, named D2, will serve as an assembly hub for switchgear products, ensuring a seamless and efficient production process – to meet the growing global demand for safe, reliable and uninterrupted data center power from the grid t
Burgess brings over 15 years of global brand, product and growth marketing to Qventus Qventus, the leading AI platform company that is simplifying how healthcare operates for hospitals and health systems, today announced Jamie Eisinger Burgess has joined the company as Senior Vice President of Marketing to solidify the company's leadership position and accelerate its continued growth. Burgess brings over 15 years of experience leading teams, building industry ecosystems and shaping corporate narratives for some of the world's most innovative and well-known technology and healthcare brands. At Qventus, Burgess will oversee brand and product marketing, growth marketing, creative, and comm
Flex first-to-market with new Capacitive Energy Storage System products featuring Musashi's Hybrid SuperCapacitors at the center AUSTIN, Texas, and BATTLE CREEK, Mich., Aug. 8, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) and Musashi Energy Solutions a group company of Musashi Seimitsu Industry Co., Ltd. (Tokyo Stock Exchange Prime Market: 7220), announced an extensive collaboration to supply Flex-designed and manufactured Capacitor-based Energy Storage Systems (CESS) featuring Musashi's Hybrid SuperCapacitor (HSC) technology. These systems are designed to integrate with server rack power systems to address significant challenges with utility power in artificial intelligence (AI) data centers. F
Establishes unified go-to-market organization to drive growth AUSTIN, Texas, July 26, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced today the appointment of Michael Hartung as President, Chief Commercial Officer, effective immediately. In his expanded role, Mr. Hartung will continue to report to Flex CEO, Revathi Advaithi and lead both the Agility and Reliability segments, focusing on delivering on the long-term Flex Forward strategy and driving the adoption of the company's end-to-end services and products across targeted markets. Over his 20 years at Flex, Mr. Hartung has consistently delivered revenue growth and margin expansion across multiple businesses, most recently as President,
Copeland, a global provider of sustainable climate solutions and leader in the HVAC, Refrigeration (HVACR) and industrial compression industry, has announced that Paul Lundstrom will join the company in August as Chief Financial Officer (CFO). Copeland is a standalone company and a portfolio company of Blackstone, the world's largest alternative asset manager, within its Capital Partners Fund XIII. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724421467/en/Paul Lundstrom, Copeland's new Chief Financial Officer (Photo: Copeland) "Paul is an excellent addition to the executive team of Copeland, as he brings with him extensive
AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its first quarter ended June 28, 2024. First Quarter Fiscal Year 2025 Highlights: Net Sales: $6.3 billionGAAP Operating Income: $233 millionAdjusted Operating Income: $306 millionGAAP Net Income attributable to Flex Ltd: $139 millionAdjusted Net Income attributable to Flex Ltd: $211 millionGAAP Earnings Per Share: $0.34Adjusted Earnings Per Share: $0.51An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "We delivered another solid quarter, including year-over-year margin expansion and EPS growth,
Company brings more than two decades of experience in integrated reverse logistics and circular economy services at scale to global member network AUSTIN, Texas, July 18, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced it has joined the Reverse Logistics Association (RLA), a member-driven, global trade association for the returns and reverse industry and an authoritative body for reverse logistics best practices. Bringing more than two decades of experience in integrated reverse logistics and circular economy services at scale, Flex joins a community network of top service providers and decision makers from companies globally focused on advancing reverse logistics. The RLA offers members
AUSTIN, Texas, July 9, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its first quarter fiscal 2025 financial results before the market opens on Wednesday, July 24, 2024. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the
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AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its first quarter ended June 28, 2024. First Quarter Fiscal Year 2025 Highlights: Net Sales: $6.3 billionGAAP Operating Income: $233 millionAdjusted Operating Income: $306 millionGAAP Net Income attributable to Flex Ltd: $139 millionAdjusted Net Income attributable to Flex Ltd: $211 millionGAAP Earnings Per Share: $0.34Adjusted Earnings Per Share: $0.51An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "We delivered another solid quarter, including year-over-year margin expansion and EPS growth,
AUSTIN, Texas, July 9, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its first quarter fiscal 2025 financial results before the market opens on Wednesday, July 24, 2024. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the
AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: Net Sales: $6.2 billionGAAP Operating Income: $159 millionAdjusted Operating Income: $333 millionGAAP Net Income from continuing operations: $395 millionAdjusted Net Income from continuing operations: $244 millionGAAP Earnings Per Share from continuing operations: $0.93Adjusted Earnings Per Share from continuing operations: $0.57Fiscal Year 2024 Results of Continuing Operations (excluding contribution from Nextracker): Net Sales: $26.4 billionGAAP Operating Income: $853 millionAdjusted Operating Income:
AUSTIN, Texas, April 8, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its fourth quarter and fiscal 2024 financial results before the market opens on Wednesday, May 1, 2024. The company will hold a conference call to discuss the results on the same day at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Additionally, Flex's CEO, Revathi Advaithi, will be joined by other members of the leadership team to discuss how the company is delivering on its commitments, outline strategic initiatives to drive profitable growth, and provide an update on the long-term financial framework. The live webcast presentation will be available on the Flex Investor Relations (IR) website located at invest
AUSTIN, Texas, Jan. 31, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its third quarter ended December 31, 2023. Third Quarter Fiscal Year 2024 Highlights: Net Sales: $7.1 billionGAAP Operating Income: $348 millionAdjusted Operating Income: $477 millionGAAP Net Income attributable to Flex Ltd: $197 millionAdjusted Net Income attributable to Flex Ltd: $309 millionGAAP Earnings Per Share: $0.45Adjusted Earnings Per Share: $0.71An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "Overall, fiscal Q3 was another quarter of strong execution," said Revathi Advaithi, CEO o
AUSTIN, Texas, Jan. 8, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its third quarter fiscal 2024 financial results after the market closes on Wednesday, January 31, 2024. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build pro
AUSTIN, Texas, Oct. 9, 2023 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its second quarter fiscal 2024 financial results after the market closes on Wednesday, October 25, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd.Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build pro
AUSTIN, Texas, July 26, 2023 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its first quarter ended June 30, 2023. First Quarter Fiscal Year 2024 Highlights: Net Sales: $7.3 billionGAAP Operating Income: $291 millionAdjusted Operating Income: $377 millionGAAP Net Income attributable to Flex Ltd: $186 millionAdjusted Net Income attributable to Flex Ltd: $258 millionGAAP Earnings Per Share: $0.41Adjusted Earnings Per Share: $0.57An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "Our results this quarter demonstrate the strength of our diverse portfolio from a product, cu
AUSTIN, Texas, July 10, 2023 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its first quarter fiscal 2024 financial results after the market closes on Wednesday, July 26, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build produ
SAN JOSE, Calif., March 29, 2023 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its fourth quarter and fiscal 2023 financial results after the market closes on Wednesday, May 10, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and bui
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Craig Hallum upgraded Flex from Hold to Buy and set a new price target of $39.00
Craig Hallum downgraded Flex from Buy to Hold and set a new price target of $27.00
Barclays initiated coverage of Flex with a rating of Overweight and set a new price target of $35.00
JP Morgan resumed coverage of Flex with a rating of Overweight and set a new price target of $30.00
Credit Suisse initiated coverage of Flex with a rating of Outperform and set a new price target of $24.00
Argus upgraded Flex from Hold to Buy and set a new price target of $22.00
Cross Research upgraded Flex from Hold to Buy and set a new price target of $22.00
JPMorgan Chase & Co. upgraded Flex from Neutral to Overweight
JP Morgan upgraded Flex from Neutral to Overweight and set a new price target of $22.00 from $21.00 previously
Craig Hallum reiterated coverage of Flex with a rating of Buy and set a new price target of $31.00 from $24.00 previously
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Stifel analyst Matthew Sheerin maintains Flex (NASDAQ:FLEX) with a Buy and raises the price target from $32 to $37.
JP Morgan analyst Samik Chatterjee maintains Flex (NASDAQ:FLEX) with a Overweight and raises the price target from $40 to $42.
4 analysts have shared their evaluations of Flex (NASDAQ:FLEX) during the recent three months, expressing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $35.0, a high estimate of $40.00, and a low estimate of $27.00. Witnessing a positive shift, the current
Barclays analyst George Wang maintains Flex (NASDAQ:FLEX) with a Overweight and raises the price target from $34 to $39.
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s
Flex Ltd. (NASDAQ:FLEX) shares are trading higher on Wednesday. The company reported first-quarter adjusted earnings per share of 51 cents, beating the analyst consensus of 41 cents. Quarterly revenues of $6.3 billion beat the street view of $5.91 billion. First quarter gross profit decreased to $471 million, from $476 million in the year-ago period. Also Read: Tesla Stock Is Plunging Over 7% In Wednesday’s Pre-Market After Q2 Earnings: What’s Going On The company exited the quarter with cash and equivalents worth $2.243 billion. Flex today also announced that Paul Lundstrom will step down as Chief Financial Officer effective July 31, 2024, to pursue an opportunity outside
Establishes unified go-to-market organization to drive growth AUSTIN, Texas, July 26, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced today the appointment of Michael Hartung as President, Chief Commercial Officer, effective immediately. In his expanded role, Mr. Hartung will continue to report to Flex CEO, Revathi Advaithi and lead both the Agility and Reliability segments, focusing on delivering on the long-term Flex Forward strategy and driving the adoption of the company's end-to-end services and products across targeted markets. Over his 20 years at Flex, Mr. Hartung has consistently delivered revenue growth and margin expansion across multiple businesses, most recently as President,
Copeland, a global provider of sustainable climate solutions and leader in the HVAC, Refrigeration (HVACR) and industrial compression industry, has announced that Paul Lundstrom will join the company in August as Chief Financial Officer (CFO). Copeland is a standalone company and a portfolio company of Blackstone, the world's largest alternative asset manager, within its Capital Partners Fund XIII. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724421467/en/Paul Lundstrom, Copeland's new Chief Financial Officer (Photo: Copeland) "Paul is an excellent addition to the executive team of Copeland, as he brings with him extensive
SAN JOSE, Calif., Sept. 27, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced that Maryrose T. Sylvester, a seasoned executive and strategic, growth-oriented leader, has joined the Company's Board of Directors, effective September 23, 2022. Ms. Sylvester has also been named as a member of the Company's Compensation and People Committee. Ms. Sylvester has significant experience transforming industrial businesses, and is passionate about technology, innovation and automation. She also has extensive expertise in delivering technology-enabled and energy-efficient sustainable solutions. Most recently, from June 2019 to August 2020, Ms. Sylvester served as U.S. Managing Director and U.S. Hea
SAN JOSE, Calif., Jan. 27, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced that Patrick J. Ward, a seasoned executive leader with strong financial expertise, has joined the Company's Board of Directors, effective January 26, 2022. Mr. Ward has also been named as a member of the Company's Audit Committee. After more than a 30-year career, in 2019, Mr. Ward retired as Chief Financial Officer of Cummins Inc., a global power leader that designs, manufactures, distributes and services engines, and related technologies. Prior to serving as Cummins' CFO, Mr. Ward held a broad range of global financial leadership positions including serving as Vice President, Engine Business Controller and E
SAN JOSE, Calif., Nov. 8, 2021 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced that Cameron Carr has joined the company as chief strategy officer (CSO). Mr. Carr will report directly to Flex CEO, Revathi Advaithi. Mr. Carr has spent the last decade of his career at Microsoft Corporation. Most recently, he was the head of competitive strategy for the United States. In this role, Mr. Carr was responsible for overseeing a team focused on competitive market strategy and competitor intelligence across all Microsoft product lines. He oversaw critical elements of Microsoft's approx. $50B U.S. business while he developed strategic recommendations across key functions such as sales, marketing, op
BRASELTON, Ga., May 06, 2021 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ:FOXF) (the "Company" or "FOX") has announced the appointment of three key new leadership additions as the Company continues to lay the foundation for its next phase of growth. "Thanks to our existing team, we have experienced tremendous growth and portfolio diversification. In order to achieve the breakthrough results we aspire to reach, we have to do things thoughtfully and with our strategic vision in mind," commented Mike Dennison, FOX's Chief Executive Officer. "The changes we are announcing today are part of our evolution as a company. We are investing in our future by expanding the scope of our leader