Trade-Ideas LLC identified

Flextronics International

(

FLEX

) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Flextronics International as such a stock due to the following factors:

  • FLEX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $83.1 million.
  • FLEX is down 2.1% today from today's close.

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More details on FLEX:

Flextronics International Ltd. provides design, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. FLEX has a PE ratio of 12. Currently there are 6 analysts that rate Flextronics International a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Flextronics International has been 4.6 million shares per day over the past 30 days. Flextronics International has a market cap of $6.2 billion and is part of the technology sector and electronics industry. The stock has a beta of 0.67 and a short float of 1.7% with 0.90 days to cover. Shares are down 0.1% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Flextronics International as a

buy

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • FLEXTRONICS INTERNATIONAL' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, FLEXTRONICS INTERNATIONAL increased its bottom line by earning $1.01 versus $0.58 in the prior year. This year, the market expects an improvement in earnings ($1.09 versus $1.01).
  • After a year of stock price fluctuations, the net result is that FLEX's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • FLEX, with its decline in revenue, slightly underperformed the industry average of 1.0%. Since the same quarter one year prior, revenues slightly dropped by 3.2%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, FLEXTRONICS INTERNATIONAL's return on equity exceeds that of both the industry average and the S&P 500.

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