Latest news with #FlexLtd
Yahoo
31-05-2025
- Business
- Yahoo
Flex to Participate in Upcoming Investor Conference
AUSTIN, Texas, May 31, 2025 /PRNewswire/ -- Flex (NASDAQ: FLEX) has announced members of its leadership team will participate in the upcoming investor conference: Bank of America 2025 Global Technology Conference Date: June 4, 2025Presentation time: 1:20pm PT / 4:20pm ET The presentation will be available as a live webcast accessible through the Flex Investor Relations website at An archived replay will be available on the website shortly after the conclusion of the presentation. 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 world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. Media, Investors & AnalystsMichelle SimmonsSenior Vice President, Investor and Public Relations(669) View original content to download multimedia: SOURCE Flex Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Here's Why Flex (FLEX) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics. For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time. Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfilment, and circular economy solutions. FLEX is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 9.8% year-over-year for the current fiscal year, with sales growth of 0.4%. Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.07 to $2.91 per share. FLEX boasts an average earnings surprise of 16.2%. Flex is also cash rich. The company has generated cash flow growth of 9.8%, and is expected to report cash flow expansion of 9.1% in 2026. Investors should take the time to consider FLEX for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
09-05-2025
- Business
- Yahoo
Flex Ltd. (FLEX): Among the Cheap ESG Stocks to Buy According to Hedge Funds
We recently compiled a list of the . In this article, we are going to take a look at where Flex Ltd. (NASDAQ:FLEX) stands against the other cheap ESG stocks. These days, it seems like everyone wants to wear the 'saving the world' cape. Whether this urge to make a real impact on the world stems from a desire to ride the social trend wave or simply out of genuine concern is, well, a debate for another day. For now, let's focus on the fact that all companies must adhere to Corporate Social Responsibility (CSR) by law. In other words, ESG companies are those that incorporate Environmental, Social, and Governance factors into their operations and decision-making. This framework is utilized to measure an organization's practices and performance on sustainability and ethical grounds. In capital markets, some investors employ ESG criteria to assess companies and make their investment decisions accordingly, a practice known as ESG investing. While investing delivers financial returns, ESG investing offers both financial returns and societal impacts, and that's what is most valued by some investors. Some believe ESG investing is aligned with reduced risk exposure, stakeholder interests, and superior returns. Not only attractive in theory, but there are reports that back this form of investing. For instance, the Sustainability Megatrends Report by Cushman & Wakefield reveals that ESG companies are gaining traction from institutional investors. A survey of 250 institutional investors indicated that around 60% noted higher performance yield from ESG investments, and 78% were willing to pay higher premiums for these funds. 'Institutional investors are showing increased demand for properties with strong ESG-related management and activities,' the report underscores. A US SIF "Trends Report" reveals that out of the US market size of $52.5 trillion, $6.5 trillion (12%) is identified as a sustainable or ESG investment. Having said that, as many as 73% of respondents believe the sustainable investment market will grow over the next few years. Therefore, community investing continues to shine with rising enthusiasm across several types of investors. ESG companies are mainly ranked by third-party ranking agencies based on how well they perform across Environmental, Social, and Governance indicators. Using standardized metrics, proprietary models, and disclosures, the companies are then assessed and compared. Among the most notable agencies are MSCI, Sustainalytics (by Morningstar), Refinitiv ESG Scores, and S&P Global ESG Scores. In this analysis, we have used the ratings by Sustainalytics, which covers over 15,000 firms across 42 industries globally. The firm recently disclosed its 2025 list of ESG Top-Rated Companies, identifying Global 50 Top-Rated companies and other regional and industry leaders. Given this, we will take a look at some of the best ESG stocks to consider. We have compiled a list of 11 companies ranked by Sustainalytics (by Morningstar) in its recent ESG Top-Rated Companies report. From the report, we identified companies with a forward P/E less than 15, extracted from FINVIZ. From there, we picked companies with the highest number of hedge fund investors, as per Insider Monkey's database of Q4 2024. From less preferred to highly preferred, according to hedge funds, the selected stocks are listed in either the global, regional, or industry standings in the report. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An engineer with a pen and paper designing a switchgear circuit diagram. Number of Hedge funds holding: 52 Forward P/E as of May 06, 2025: 12.96 Flex Ltd. (NASDAQ:FLEX) operates as a contract manufacturing company that offers design, manufacturing, and product management solutions to electronic and technology companies. While the Flex Agility Solutions (FAS) segment is centered on communications, consumer devices, and lifestyle, the Flex Reliability Solutions (FRS) segment encompasses markets like Automotive, Health Solutions, and Industrial. The company leverages its expertise and global reach to impact the world positively. Jumping on the ESG bandwagon, Flex Ltd. (NASDAQ:FLEX) maintains a strategy aligned with industry standards, regulatory compliance, and best practices. With Plan, Do, Check, and Act at its core, the Flex global sustainability program office is ensuring that the ESG management system recognizes improvement areas and takes corrective measures. The company has employed a 'green' on-site sustainability team that is in charge of the development and administration of site-specific plans. Within the Flex Power Modules, a scorecard technique is used to review the performance, highlighting issues and sharing ideas with the sustainability leaders. Similar to its peers, the company has set bold goals for the year. Reducing water withdrawal, minimizing emissions, achieving zero waste, encouraging volunteering activities, and increasing diversity are some targets Flex Ltd. (NASDAQ:FLEX) has set for the year. Each of its sites is engaged in a local community program in one way or the other. For instance, the Penang, Malaysia team participated in a turtle conservation program, planting trees, and clearing up beaches to protect marine life. Additionally, the company has a 'Giving Week' annually, during which the global workforce engages in volunteering initiatives. In 2021, the company set up the Flex Foundation that continues to invest in programs associated with the Sustainable Development Goals by the United Nations. From good health and well-being to responsible consumption and production, the foundation takes climate action for a more sustainable tomorrow. These investments support community building, environmental conservation, global public health, and educational programs for disadvantaged groups. When it comes to making a difference, Flex Ltd. (NASDAQ:FLEX) is definitely the one and is one of the best cheap stocks to buy. Overall FLEX ranks 11th on our list of cheap ESG stocks to buy according to hedge funds. While we acknowledge the potential of FLEX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FLEX but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
08-05-2025
- Business
- Globe and Mail
Flex Q4 Earnings & Revenues Surpass Estimates, Rise Y/Y, Stock Up
Flex Ltd. FLEX reported fourth-quarter fiscal 2025 adjusted earnings per share (EPS) of 73 cents, which surpassed the Zacks Consensus Estimate by 5.8%. The bottom line compared favorably with 57 cents posted in the prior-year quarter. Revenues increased 3.7% year over year to $6.4 billion. Also, it beat the consensus mark by 2.7%. The uptick was driven by strong demand across its data center, networking and automotive power electronics. For fiscal 2026, the company anticipates sustained strong demand from its data center customers as it continues to shift its portfolio toward higher-margin businesses. In response to the better-than-anticipated results, shares jumped 3.2% and closed the session at $37.95 on May 7, 2025. In the past year, the stock has surged 32.2% against the Zacks Electronics - Miscellaneous Products industry 's decline of 52.5%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Segment Details The Flex Reliability Solutions Group encompasses Health Solutions, Automotive and Industrial businesses. Revenues fell 1.3% to $2.9 billion, due to challenges in the core industrial and renewables, partially offset by sustained strength in power. The Flex Agility Solutions Group comprises Communications & Enterprise Compute or CEC and Lifestyle and Consumer Devices businesses. Revenues were up 8.2% to $3.5 billion. This uptick was driven by robust cloud and networking share gains offset by weakness in enterprise IT and consumer-related markets. FLEX's Operating Details Management highlighted ongoing margin expansion, which was driven by a favorable mix and increased efficiency across both its business units. Non-GAAP gross margin expanded 80 basis points (bps) year over year to 9.4% in the reported quarter. Non-GAAP operating income came in at $396 million, up 19% year over year. Non-GAAP operating margin expanded 80 bps to 6.2%. This was fueled by robust gross margin performance and sustained cost efficiency. The adjusted operating margins of the Flex Reliability Solutions Group were 6.2%, up 40 bps from the prior-year level. The adjusted operating margins of the Flex Agility Solutions Group improved 100 bps to 6.6%. Selling, general & administrative expenses totaled $234 million, down 10.3% year over year. Balance Sheet & Cash Flow As of March 31, 2025, cash & cash equivalents and long-term debt (net of current portion) were $2.29 billion and $2.48 billion, respectively, compared with $2.47 billion and $3.26 billion a year ago. The company generated a fourth-quarter fiscal 2025 cash flow from operating activities of $433 million and an adjusted free cash flow of $325 million. In the quarter, the company repurchased $299 million worth of stock, amounting to nearly 8 million shares. As of March 31, 2025, FLEX repurchased shares worth $1.3 billion. Outlook For the first quarter of fiscal 2026, Flex expects revenues to be between $6 billion and $6.5 billion. Management expects adjusted earnings of 58-66 cents per share, excluding 7 cents for net stock-based compensation expense and 5 cents for net intangible amortization. Adjusted operating income is projected to be between $330 million and $370 million. For the Reliability Solutions business, management forecasts sales to remain flat to down high-single digits owing to weakness in the automotive sector, due to tariff-related disruptions adversely impacting customer volumes. Agility Solutions' revenues are anticipated to be down by low-single digits to up mid-single digits, with steady growth expected in cloud markets, balanced against softer enterprise, IT and consumer-related end markets. For fiscal 2026, Flex expects revenues to be between $25 billion and $26.8 billion. In fiscal 2025, Flex's revenues totaled $25.8 billion, down 2.3% year over year. For fiscal 2026, it anticipates adjusted earnings in the range of $2.81-$3.01 per share. In fiscal 2025, Flex's adjusted earnings were $2.65 per share, up 23.3% year over year. Reliability Solutions revenues are expected to range from down to up mid-single digits. Strong data center power demand continues to support Industrial, offset by softness in renewables and core industrial markets. Health Solutions remains steady with sustained medical device demand and a projected recovery in medical equipment by late fiscal 2026. In Automotive, broader demand trends and evolving tariff developments pose ongoing uncertainties. Agility Solutions revenues are projected to range from down low-single digits to up mid-single digits. CEC is supported by strong cloud demand and networking share gains. Lifestyle is benefiting from a new strategic manufacturing partnership, though indirect tariff exposure may affect consumer sentiment. Consumer Devices is expected to face softer demand due to ongoing tariff uncertainty. FLEX's Zacks Rank Flex currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Performance of Other Companies in the Broader Space Infosys INFY ended fiscal 2025 on a mixed note, with its fourth-quarter earnings surpassing the Zacks Consensus Estimate while revenues fell short of the same. For the quarter, the company reported earnings of 20 cents per share, beating the consensus mark by a penny. However, Infosys' bottom line registered a year-over-year decline of 15.3%. In the past year, shares of INFY have gained 3.7%. Microsoft MSFT reported third-quarter fiscal 2025 earnings of $3.46 per share, which beat the Zacks Consensus Estimate by 8.13% and increased 17.7% on a year-over-year basis. Revenues of $70.06 billion jumped 13.3% year over year and beat the Zacks Consensus Estimate by 2.46%. In the past six months, shares of MSFT have inched up 3.7%. ServiceNow NOW reported first-quarter 2025 adjusted earnings of $4.04 per share, which beat the Zacks Consensus Estimate by 6.60% and increased 18.5% year over year. NOW's revenues of $3.09 billion surpassed the consensus mark by 0.18% and increased 18.6% year over year. Shares of NOW have soared 36% in the past year. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report American Noble Gas Inc. (INFY): Free Stock Analysis Report Flex Ltd. (FLEX): Free Stock Analysis Report ServiceNow, Inc. (NOW): Free Stock Analysis Report
Yahoo
02-05-2025
- Business
- Yahoo
Flex Ltd. (FLEX): Among Overlooked Tech Stocks to Buy Now
We recently published a list of . In this article, we are going to take a look at where Flex Ltd. (NASDAQ:FLEX) stands against other overlooked tech stocks to buy now. After overcoming major macroeconomic challenges, the IT sector has started 2025 with fresh vigor. The tech sector is now ready for a resurgence after a period of instability characterized by high inflation, rising interest rates, and worldwide unpredictability. The sector is expected to be 'healthy' or 'very healthy' in 2025, according to 62% of tech executives polled by Deloitte. Global IT spending is expected to increase by 9.3%, driven mostly by double-digit growth in software and data center investments. As companies move AI initiatives from pilot projects to full-scale production deployments, analysts anticipate that generative AI, cybersecurity, and cloud services will continue to be important growth drivers. The rate of layoffs dropped significantly in 2024, indicating growing stability. But new difficulties have surfaced, especially in relation to geopolitical tensions and regulatory barriers. The world economy is already feeling the effects of President Trump's expansive tariff plans, which include additional charges on major tech manufacturing countries like Taiwan, India, and Vietnam that range from 26% to 49%. Although imports of semiconductors, which are essential for the development of AI, have been temporarily exempted, tech companies that rely on international supply chains face new risks as a result of the unstable trade policy climate. Meanwhile, generative AI is proving to be a double-edged sword. While it is projected to contribute 21% to U.S. GDP by 2030, as reported by the World Economic Forum, there are growing concerns about the technology displacing millions of jobs, particularly administrative roles. As the World Economic Forum highlights, the solution lies not in halting AI innovation but fostering 'Authentic Intelligence'—an approach emphasizing the collaboration of human critical thinking with AI's capabilities to ensure inclusive economic growth. Additionally, cybersecurity has become a significant priority on the strategic agenda. As the use of AI increases, so does the attack surface available to hackers. By 2028, it's expected that global spending on cybersecurity will exceed $200 billion, as businesses emphasize bolstering their defenses. However, only 24% of existing gen AI projects are thought to be sufficiently secure, indicating that trust is still a major obstacle to the widespread use of AI. In summary, despite the fact that 2025 holds great promise for the IT industry due to advancements in generative AI, cloud migration, and robust IT investment, businesses still have to deal with a complex web of ethical, geopolitical, and legal issues. Successful companies will strike a balance between daring technological innovation, careful risk management, strategic supply chain diversity, and a dedication to upholding stakeholder and customer confidence. Against this dynamic backdrop, let's look at 10 Overlooked Tech Stocks to Buy Now, which are not only ready to capitalize on upcoming opportunities but may also provide attractive upside potential for investors seeking beyond the conventional mega-cap giants. To find overlooked tech stocks, we started by looking for companies with a market capitalization greater than $5 billion, ensuring a concentration on financially strong, large-cap enterprises. We chose stocks from this category that had a price-to-earnings (P/E) ratio of less than 15, using the P/E ratio as a conventional valuation indicator to highlight relatively affordable earnings-driven stocks. We then evaluated these firms based on hedge fund sentiment, utilizing data from Insider Monkey's fourth quarter 2024 report. Finally, we chose the ten companies with the least number of hedge fund investors to represent our list of Overlooked Tech Stocks to Buy Now. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An engineer with a pen and paper designing a switchgear circuit diagram. P/E Ratio: 11.59 Hedge Fund Holders: 52 Flex Ltd. (NASDAQ:FLEX) is a multinational manufacturing conglomerate that operates in two primary segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). It serves a wide range of industries, providing solutions for cloud infrastructure and consumer devices as well as automotive, healthcare, and industrial equipment. With headquarters in Austin, Texas, and a history dating back to 1969, Flex has grown into a prominent player in integrating cutting-edge manufacturing with next-generation technology. Flex Ltd. (NASDAQ:FLEX) reported exceptional financial results in the third quarter of FY2025, ended December 31, 2024. Revenue increased to $6.6 billion, fueled mostly by strong growth in the data center, healthcare, and consumer markets. Its adjusted EPS increased 43% year-over-year to $0.77, with operating margins above 6% for the first time, indicating strong cost execution and a superior business mix. Free cash flow for the quarter was $306 million, and management reaffirmed its full-year free cash flow forecast of more than $800 million. Flex Ltd. (NASDAQ:FLEX) received two outstanding 2025 Automotive News PACE Awards for its Jupiter Compute Platform and Backup DC/DC Converter. These technologies are critical to enabling software-defined vehicles and electric mobility, demonstrating Flex's leadership in next-generation automotive solutions. Flex's collaboration with Torc and NVIDIA on autonomous trucking technology emphasizes the company's critical role in scaling physical AI compute platforms. Strategic investments enhance its prospects. Flex Ltd. (NASDAQ:FLEX) announced in February 2025 that it would establish a 400,000-square-foot plant in Dallas to extend its power product production footprint. This program attempts to fulfill the growing demand for grid-to-chip data center infrastructure caused by AI adoption. Flex Ltd. (NASDAQ:FLEX) is an intriguing, overlooked tech stock for long-term investors, thanks to its strong fundamentals, rapid development into AI-driven businesses, and a valuation that keeps it off many investors' radars. Overall, FLEX ranks 8th on our list of overlooked tech stocks to buy now. While we acknowledge the potential of FLEX, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FLEX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
