Flex Reports Third Quarter Fiscal 2016 Results
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Flextronics (FLEX) Stands Out As All Segments Top Expectations - Needham & Company
January 29, 2016 7:14 AM ESTNeedham & Company analyst, Sean Hannan, thinks Flextronics (NASDAQ: FLEX) stands out as all operating segments topped expectations.
FLEX reported revenue of $6.8B and EPS of $0.35, with revenues at the high end of guidance for $6.2-6.8B and EPS beating the $0.28-0.34 range. Consensus was $6.5B/$0.30. ROIC & FCF were 22.4% & $158M in qtr. All... More
UPDATE: Raymond James Upgrades Flextronics (FLEX) to Strong Buy
January 29, 2016 6:41 AM EST(Updated - January 29, 2016 8:27 AM EST)
Raymond James upgraded Flextronics (NASDAQ: FLEX) from Market Perform to Strong Buy with a price target of $12.50, suggesting upside of 30%. The change follows strong Q3 results. Analyst Brian G. Alexander said Flextronics' margin story is "underappreciated."
"With shares down 15% year to date (lagging peers and market... More
Stifel Upgrades Flextronics (FLEX) to Buy
January 29, 2016 6:40 AM ESTStifel upgraded Flextronics (NASDAQ: FLEX) from Hold to Buy with a price target of $13.00.
For an analyst ratings summary and ratings history on Flextronics click here. For more ratings news on Flextronics click here.
Shares of Flextronics closed at $9.53 yesterday.
... MoreFlextronics (FLEX) Tops Q3 EPS by 4c; Guides In-Line
January 28, 2016 4:10 PM ESTFlextronics (NASDAQ: FLEX) reported Q3 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $6.76 billion versus the consensus estimate of $6.51 billion.
GUIDANCE:
Flextronics sees Q4 2016 EPS of $0.25-$0.31, versus the consensus of $0.27. Flextronics sees Q4... More
