Nucor earnings beat by $0.08, revenue fell short of estimates
Flex (NASDAQ:FLEX) Ltd’s stock reached an all-time high, closing at 52.18 USD, marking a significant milestone for the $19.43 billion electronic equipment manufacturer. According to InvestingPro data, the company’s shares are currently trading near their 52-week high of $52.20, with analysis suggesting the stock is slightly overvalued at current levels. This achievement underscores the company’s robust performance over the past year, during which the stock has surged by an impressive 72.41%. The climb to this new peak reflects Flex’s strong market position and investor confidence, supported by management’s aggressive share buyback program and the company’s GOOD financial health score. InvestingPro subscribers have access to 12 more exclusive tips about Flex’s performance and outlook. As the company continues to innovate and expand its offerings, stakeholders will be keenly observing whether Flex can maintain this upward trajectory in the coming quarters. With a P/E ratio of 24.23 and strong analyst consensus recommendations, detailed analysis of Flex’s potential is available in the comprehensive Pro Research Report on InvestingPro.
In other recent news, Flextronics has reported significant developments in its financial and operational strategies. For fiscal year 2025, Flextronics achieved approximately $4.8 billion in data center sales, representing a 50% year-over-year increase, with expectations for mid-30% growth in fiscal year 2026. KeyBanc has raised its price target for Flextronics to $60, citing the company’s differentiated data center strategy and superior gross margin expansion. Additionally, Fitch Ratings upgraded Flextronics’ outlook to positive, affirming its ’BBB-’ rating, due to the company’s enhanced financial profile and improved profitability.
Flextronics has also expanded its European operations through its Critical Power Business, Anord Mardix, by acquiring a new manufacturing site in Poland. This move doubles its power product capacity in Europe to approximately 1.2 million square feet. Furthermore, Flextronics has opened new facilities in Ireland and Dallas, Texas, and expanded its product portfolio with acquisitions in power distribution and liquid cooling solutions. These expansions align with Flextronics’ strategy to meet growing demand for AI-driven data center power solutions.
In other company news, Nextracker has appointed three new members to its Board of Directors, adding significant expertise in energy policy and corporate governance. The new directors are expected to contribute to the company’s scaling of global operations. These recent developments highlight Flextronics’ focus on strategic growth and operational enhancements in the competitive data center market.
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