Flex Ltd. Ordinary Shares (FLEX)
Flex Ltd. is a global lider in diversified manufacturing services and supply chain solutions. The company provides end-to-end product design, engineering, manufacturing, and logistics services for a wide range of industries including automotive, healthcare, consumer electronics, and industrial. With operations across multiple countries, Flex focuses on innovative and flexible manufacturing solutions to help clients accelerate their product development and go-to-market strategies.
Company News
Flex and AppFolio have partnered to provide residents with flexible rent payment options, allowing tenants to split monthly rent into smaller payments while ensuring property managers receive full payment on time.
Celestica, a Canadian electronics manufacturing company, has surged 77% in the past year, outperforming peers like Flex and Jabil. The company's strong performance is driven by robust demand for its AI/ML compute and networking products, as well as its investments in capacity expansion and technology development.
Flex reported strong first quarter results, with earnings and revenue exceeding analyst expectations. The company's stock jumped 3.5% on the news, and the company provided positive guidance for the fiscal year 2025.
Celestica, Inc. is scheduled to report second-quarter 2024 earnings on Jul 24. The company is expected to see revenue growth of 15.78% and a 47.27% increase in earnings per share year-over-year. However, the company faces competition from Flex Ltd. and Jabil Inc., which could put pressure on margins.
Flex announced strong quarterly earnings along with a plan to spin off its stake in Nextracker. Here's what investors need to know.
