Flex Reports Third Quarter Fiscal 2016 Results

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Go back to Flex Reports Third Quarter Fiscal 2016 Results

Flextronics (FLEX) Stands Out As All Segments Top Expectations - Needham & Company

January 29, 2016 7:14 AM EST

Needham & 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 EST

Stifel 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.

... More

Flextronics (FLEX) Tops Q3 EPS by 4c; Guides In-Line

January 28, 2016 4:10 PM EST

Flextronics (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