Flextronics International Ltd. (FLEX) is Upgraded by Goldman to Buy

Flextronics International Ltd. (FLEX) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Sep 20, 2016.

On the company’s financial health, Flextronics International Ltd. reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.28. The company had revenue of $5772.70 million for the quarter, compared to analysts expectations of $5836.90 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Flextronics International Ltd. closed down -0.04 points or -0.31% at $12.91 with 1,726,193 shares getting traded on Friday. Post opening the session at $12.91, the shares hit an intraday low of $12.805 and an intraday high of $12.945 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 6, 2016, H Raymond Bingham (director) sold 25,000 shares at $13.20 per share price. According to the SEC, on Aug 3, 2016, William D Watkins (director) sold 8,000 shares at $12.35 per share price. On Jul 18, 2016, Lay Koon Tan (director) sold 333 shares at $12.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs builds ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures metals plastic injection molding precision plastics machining and mechanicals) system integration and assembly and test services materials procurement inventory management logistics and after-sales services (including product repair warranty services re-manufacturing and maintenance) supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).

Flextronics International Ltd.

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