Caesars Entertainment misses Q2 earnings expectations, shares edge lower
Flex (NASDAQ:FLEX) Ltd stock reached an all-time high of $50.62, marking a significant milestone for the $18.87 billion market cap company. According to InvestingPro data, the stock currently trades at a P/E ratio of 23.6x, with analyst price targets ranging from $43.23 to $60. Over the past year, Flex Ltd has seen a remarkable 68.04% increase in its stock price, reflecting strong investor confidence and positive market sentiment. This surge to an all-time high underscores the company’s robust performance and ability to navigate market challenges effectively. InvestingPro analysis indicates an overall Financial Health score of "GOOD," with particularly strong momentum metrics. As Flex continues to innovate and expand its operations, investors remain optimistic about its future prospects. Discover 12 additional exclusive insights about Flex Ltd and access comprehensive Pro Research Reports covering 1,400+ top stocks through InvestingPro.
In other recent news, Flextronics has reported a significant development in its data center segment, with sales reaching approximately $4.8 billion for fiscal year 2025, marking a 50% year-over-year increase. The company projects a mid-30% growth rate for fiscal year 2026 in this segment, driven by both organic and inorganic investments. KeyBanc has responded by raising its price target for Flextronics to $60, highlighting the company’s differentiated data center strategy and superior gross margin expansion. Fitch Ratings has also upgraded Flextronics’ outlook to positive, maintaining its ’BBB-’ rating, citing improved profitability and a strong market position.
Flextronics has doubled its European footprint to meet the rising demand for AI-driven data center power solutions, acquiring a new manufacturing site in Poland. This expansion is part of a broader strategy to enhance critical power and data center technologies. In other company news, Nextracker has appointed three energy sector veterans to its board of directors, aiming to bolster its global operations. These developments underscore Flextronics’ ongoing transformation efforts and strategic focus on high-growth opportunities in the data center sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.