Flextronics International Ltd.(NASDAQ:FLEX) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $5.88B. Analysts estimated a revenue of $5.71B. Earnings per share were $0.27. Analysts had estimated an EPS of $0.27.
In a different note, On May 24, 2016, Standpoint Research said it Downgrades its rating on Flextronics International Ltd.. The shares have been rated ‘Hold’ by the firm. On May 12, 2016, Bank of America said it Reinstates its rating on Flextronics International Ltd.. The shares have been rated ‘Buy’ by the firm. On Apr 29, 2016, Citigroup said it Maintains its rating on Flextronics International Ltd.. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Buy’ by the firm. JP Morgan said it Initiates Coverage on Flextronics International Ltd., according to a research note issued on Apr 26, 2016. The shares have been rated ‘Overweight’ by the firm.
Flextronics International Ltd. (FLEX) made into the market gainers list on Wednesdays trading session with the shares advancing 2.55% or 0.33 points. Due to strong positive momentum, the stock ended at $13.25, which is also near the day’s high of $13.37. The stock began the session at $12.96 and the volume stood at 84,46,302 shares. The 52-week high of the shares is $13.37 and the 52 week low is $8.845. The company has a current market capitalization of $7,192 M and it has 54,28,02,850 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Lay Koon Tan (director) sold 333 shares at $12.93 per share price.Also, On Jun 29, 2016, David P Bennett (Chief Accounting Officer) sold 6,250 shares at $11.89 per share price.On Jun 29, 2016, Francois Barbier (President, Global Operations) sold 24,779 shares at $11.83 per share price, according to the Form-4 filing with the securities and exchange commission.
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs builds ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures metals plastic injection molding precision plastics machining and mechanicals) system integration and assembly and test services materials procurement inventory management logistics and after-sales services (including product repair warranty services re-manufacturing and maintenance) supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).