Flextronics International Stock News

Electronics manufacturing services company Flex (NASDAQ: FLEX) stock has fended off much of the market correction in 2022.

Flex Ltd (NASDAQ: FLEX ) agreed to sell $500 million of convertible preferred equity in Nextracker to TPG Rise Climate, the dedicated climate investing strategy of TPG''s global impact investing platform TPG Rise. The investment is at an implied enterprise value for Nextracker of $3.0 billion, in the form of Full story available on Benzinga.com

KLA Corp, Garmin and Flex are highlighted in this Industry Outlook article.

Electronics stocks KLA (KLAC), Garmin (GRMN) and Flex (FLEX) are likely to benefit from investments in infrastructure and expanded capacity despite the pandemic-induced supply chain headwinds.

Despite a robust demand environment with continued strength in the Agility Solutions and Reliability Solutions segments, logistics woes from the pandemic dampen Flex's (FLEX) Q3 top line.

Flex Ltd (FLEX) shares closed today at 1.9% above its 52 week low of $15.46, giving the company a market cap of $7B. The stock is currently down 14.0% year-to-date, down 14.9% over the past 12 months, and up 3.1% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. Trading Activity Trading volume this week was 89.2% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.7. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 21.9% The company's stock price performance over the past 12 months lags the peer average by -238.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -36.1% lower than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Despite a robust demand environment with continued strength in the Agility Solutions and Reliability Solutions segments, logistics woes from the pandemic dampen Flex's (FLEX) Q3 top line.

FLEX earnings call for the period ending December 31, 2021.

Flex (FLEX) delivered earnings and revenue surprises of 21.95% and 4.88%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Flex Ltd (FLEX) CEO Revathi Advaithi on Q3 2022 Results - Earnings Call Transcript

Flex (FLEX) delivered earnings and revenue surprises of 21.95% and 4.88%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

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.