Flex stock news

Here are some recent news articles and updates about Flex (FLEX) stock:

Recent News

  1. Flex Reports Strong Q4 Earnings: Flex, a leading sketch-to-scale solutions company, reported strong fourth-quarter earnings on February 11, 2021. The company's revenue grew 14% year-over-year to $6.3 billion, driven by strong demand for its electronics manufacturing services (EMS) and supply chain services. (Source: Flex.com)
  2. Flex Partners with Microsoft to Develop 5G Solutions: Flex announced a partnership with Microsoft to develop 5G solutions for the telecommunications industry. The partnership aims to accelerate the development of 5G-enabled devices and services. (Source: Microsoft.com)
  3. Flex Acquires Software Company, Miravo: Flex acquired Miravo, a software company specializing in cloud-based product lifecycle management (PLM) solutions. The acquisition will enhance Flex's capabilities in digital product development and manufacturing. (Source: Flex.com)

Analyst Estimates

  1. BMO Capital Markets Raises Target Price: BMO Capital Markets raised its target price for Flex stock to $23 from $20, citing the company's strong earnings growth and improving profitability. (Source: BMO.com)
  2. J.P. Morgan Maintains Overweight Rating: J.P. Morgan maintained its overweight rating on Flex stock, citing the company's strong position in the EMS market and its ability to capitalize on growing demand for 5G and IoT devices. (Source: JPMorgan.com)

Stock Performance

  1. Flex Stock Price: As of February 26, 2021, Flex's stock price is around $20.50 per share, up about 10% from its 52-week low of $18.50.
  2. Market Capitalization: Flex's market capitalization is around $14.5 billion.

Industry Trends

  1. Growing Demand for 5G and IoT Devices: The demand for 5G and IoT devices is driving growth in the EMS market, which is a key area of focus for Flex.
  2. Increasing Importance of Digital Transformation: Companies are increasingly investing in digital transformation initiatives, which is driving demand for Flex's software and services capabilities.

Please note that the information provided is subject to change and may not reflect the company's current financial situation or stock performance. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.