Flex (FLEX)

Last night, Flex (FLEX; $37.64; O/P) announced it acquired privately held JetCool for undisclosed terms. JetCool, founded in 2019 and headquartered in Littleton, MA, has developed liquid cooling solutions for cloud, enterprise, and co-location data…

We adjust F2025/F2026E (Mar) EPS for Flex (FLEX; $36.05; O/P) from $2.45/$2.85 to $2.45/$2.75 after FQ2 (Sept) results and guidance further demonstrated the operating margin expansion potential still available to the company, even with ongoing…

This morning, Flex (FLEX; $34.70; O/P) announced plans to acquire, for $325mm in cash, privately held Crown Technical Systems, which produces power distribution and protection systems used in data centers, as well as by utilities…

We believe FQ2 (Sep) results and outlook from Flex (FLEX; $34.33; O/P), scheduled for October 30th (before market), should further highlight its ability to continue to steadily improve margins and cash flows even in the…

This morning, Flex (FLEX; $35.41; O/P) announced from the Open Compute Project (OCP) Global Summit in San Jose that it was launching several new reference designs for liquid-cooled servers, racks, and power products for GenAI…

We reiterate our Outperform and $40 target on the shares of Flex (FLEX; $30.85) after visiting its facilities in Guadalajara, Mexico with investors yesterday (9/17). The plant tours and discussion with management, including Interim CFO…

This morning, Flex (FLEX; $31.92; O/P) announced that its Anord Mardix business, which is focused on a range of power solutions for cloud and traditional data centers, as well as some other industrial applications, opened…

After the close on Friday (8/9), Flex (FLEX; $29.29; O/P) filed an 8-K in which it disclosed that it had received shareholder approval to purchase up to another 20% of the company’s shares outstanding, in…

We raise our F2025E (Mar) EPS for Flex (FLEX; $31.76; O/P) from $2.35 to $2.45 after the company handily beat FQ1 (Jun) expectations, delivering EPS of $0.51, which was well ahead of our consensus-matching $0.41,…

Flex (FLEX; $29.72; O/P) reported FQ1 (Jun) adjusted EPS of $0.51, which handily beat our consensus matching $0.41 on sales of $6,314mm that were also higher than our $5,950mm and the Street’s $5,904mm. By comparison,…

We reiterate our Outperform rating and $40 target on the shares of Flex (FLEX; $31.82) ahead of its FQ1E (Jun) results and outlook, which are scheduled for next Wednesday (7/24 before market). More to the…

This morning, Flex (FLEX; $32.80; O/P) announced it acquired, for undisclosed terms, privately held FreeFlow, which provides a suite of electronic component asset disposition services. Overall, we think the acquisition of FreeFlow, which we assume…

We raise our target from $34 to $40 on the shares of Flex (FLEX; $33.64; O/P) to better consider: (1) the rising importance of its robust cloud solutions offering to operating profit growth; and (2)…

We think yesterday’s 8% decline in the shares of Flex (FLEX; $26.34; O/P) proves an overaction to the early-F2025E (Mar) volatility embedded in its latest financial outlook. FQ4 (Mar) results and full F2025E guidance lived…

We see Flex’s (FLEX; $28.97; O/P) FQ4 (Mar) print on Wednesday (5/1 before market) more than living up to Street expectations, which we think in combination with an updated F2025E (Mar) EPS bar, proves a…