JUMP REPORT
Avg Daily Volume: 6,358,495 Market Cap: 4.89B
Sector: Technology Short Interest: 2.59
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .27/share REV: 6,240/M
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LAST QTR: EPS: .27/share ACTUAL: .27/share (meet)
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NEXT QTR: EPS: .30/share REV: 6,570/M
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FULL YR: EPS: 1.22/share REV: 26,130/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 62% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 13.58, 14.55, -35.47
POTENTIAL JUMP MOVE: 15%
Links To Latest News and Headlines
Last month, on the same day it cut 48 temporary workers in Milpitas, contract manufacturer Flex Ltd. notified state officials it planned to lay off 155 of its own employees there. In a letter dated Nov. 10 to the state Employment Development Department — and made public by the agency Thursday — the Singapore-based company blamed the move on “changing business needs.” The cuts came in response to a change in demand from an unnamed customer, Flex spokesman Mark Plungy said in an emailed statement.
Flex’s (NASDAQ:FLEX) stock is up by a considerable 12% over the past month. Given that the market rewards strong…
Tech stocks have gotten hammered in 2022 but are there some companies that are now value gems?
Contract manufacturer Flex Ltd. has cut 48 temporary employees who worked at one of its locations in Milpitas. The Singapore-based company laid off the workers starting on Nov. 10, according to a letter filed the next day to state employment officials from Horacio Ramirez, an employee relations manager at Aerotek Inc., a staffing agency that was the workers’ direct employer.
FLEX is witnessing strong demand in the automotive and industrial sectors as well as continued strength in customer backlog.
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