Flex Ltd. (FLEX) provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers.
It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker.
The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio.
It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects.
In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services.
Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services.
On January 25th, FLEX reported 3rd Quarter December 2022 earnings of $0.57 per share on revenue of $7.8 billion. The consensus earnings estimate was $0.55 per share on revenue of $7.4 billion. Higher share prices are expected.
Entry Point: $24.35
Stop Loss: $22.50
Trading Range: $13.63 - $25.12
Target Price: $26.75