Flex ( (FLEX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Flex Ltd.’s stock experienced an unusual movement following its strong third-quarter performance, where the company reported revenues of $6.6 billion, surpassing the expected $6.2 billion. This impressive financial achievement, along with record operating margins and earnings per share, were attributed to an improved mix and efficiency across its business units. Furthermore, Flex raised its fiscal year 2025 revenue guidance, showcasing its confidence in future growth. In response to this positive financial outlook, Stifel increased its price target for Flex, reflecting a bullish sentiment towards the company’s strategic execution and financial health.
More about Flex
YTD Price Performance: 5.10%
Average Trading Volume: 4,537,234
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.74B
For further insights into FLEX stock on TipRanks’ Stock Analysis page.
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