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Concentrix (CNXC)
NASDAQ:CNXC
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CNXC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$53.89 - $106.10
Previous Close$63.96
Volume162.17K
Average Volume (3M)422.39K
Market Cap
$4.21B
Enterprise Value$8.87B
Total Cash (Recent Filing)$207.34M
Total Debt (Recent Filing)$4.93B
Price to Earnings (P/E)14.9
Beta0.99
Next Earnings
Sep 25, 2024EPS Estimate
$2.93Last Dividend Ex-Date
Jul 26, 2024Dividend Yield1.88%
Share Statistics
EPS (TTM)4.33
Shares Outstanding65,328,966
10 Day Avg. Volume455,620
30 Day Avg. Volume422,386
Standard Deviation0.11
R-Squared0.09
Alpha-0.00256
Financial Highlights & Ratios
Price to Book (P/B)1.02
Price to Sales (P/S)0.49
Price to Cash Flow (P/CF)4.40
P/FCF Ratio4.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.03
Enterprise Value/Gross Profit3.44
Enterprise Value/Ebitda1.87
Forecast
1Y Price Target
$94.75Price Target Upside46.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Concentrix News
Bulls Say, Bears Say
Bulls Say
AI And TechnologyManagement cited several new, large, transformational client wins where CNXC's leading AI expertise was key to winning the business.
Financial PerformanceEarnings beat forecasts: Concentrix reported fiscal Q2/24 non-GAAP EPS of $2.69, which exceeded the forecast and the FactSet consensus forecast of $2.62.
Revenue GrowthRevenue from retail, travel, and e-commerce grew 84%, technology and consumer electronics grew 31%, and banking, financial services, and insurance grew 44%.
Bears Say
EarningsEPS mid-pt of $2.90 is also lower than Street at $3.21.
Financial PerformanceAdjusted EBITDA misses forecasts: The company reported fiscal Q2/24 adjusted EBITDA of $379.6 million, which was 2% less than the forecast of $388.2 million and 3% less than the FactSet consensus forecast of $389.7 million.
MarginsInvesting for growth will pressure margins in the near-term and Street EPS estimates are expected to move lower.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CNXC FAQ
What was Concentrix’s price range in the past 12 months?
Concentrix lowest stock price was $53.89 and its highest was $106.10 in the past 12 months.
What is Concentrix’s market cap?
Currently, no data Available
When is Concentrix’s upcoming earnings report date?
Concentrix’s upcoming earnings report date is Sep 25, 2024 which is in 6 days.
How were Concentrix’s earnings last quarter?
Concentrix released its earnings results on Jun 26, 2024. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.626 by $0.064.
Is Concentrix overvalued?
According to Wall Street analysts Concentrix’s price is currently Undervalued.
Does Concentrix pay dividends?
Concentrix pays a Quarterly dividend of $0.3 which represents an annual dividend yield of 1.88%. See more information on Concentrix dividends here
What is Concentrix’s EPS estimate?
Concentrix’s EPS estimate is $2.93.
How many shares outstanding does Concentrix have?
Concentrix has 64,960,820 shares outstanding.
What happened to Concentrix’s price movement after its last earnings report?
Concentrix reported an EPS of $2.69 in its last earnings report, beating expectations of $2.626. Following the earnings report the stock price went up 8.172%.
Which hedge fund is a major shareholder of Concentrix?
Among the largest hedge funds holding Concentrix’s share is Pzena Investment Management LLC. It holds Concentrix’s shares valued at 94M.
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Concentrix Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$94.75 (46.31% Upside)
$94.75 (46.31% Upside)
Blogger Sentiment
Bullish
CNXC Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 769.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 6.7%
Last 30 Days ▼ 6.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-11.84%
12-Months-Change
Fundamentals
Return on Equity
7.45%
Trailing 12-Months
Asset Growth
84.13%
Trailing 12-Months
Company Description
Concentrix
Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.
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CNXC Earnings Call
Q2 2024
0:00 / 0:00
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CNXC Revenue Breakdown
31.00% Technology and consumer electronics
20.36% Retail, travel and ecommerce
15.71% Communications and media
15.35% Banking, financial services and insurance
17.58% Other
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CNXC Stock 12 Month Forecast
Average Price Target
$94.75
▲(46.31% Upside)
Technical Analysis
Best Analysts Covering CNXC
1 Year
1 Year Success Rate
1/19 ratings generated profit
1 Year Average Return
-25.21%
reiterated a buy rating 3 months ago
Copying Vincent Colicchio's trades and holding each position for 1 Year would result in 5.26% of your transactions generating a profit, with an average return of -25.21% per trade.
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