New insider activity at Plexus ( (PLXS) ) has taken place on February 19, 2025.
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Angelo Michael Ninivaggi, the Executive Vice President, Chief Administrative Officer, General Counsel, and Secretary of Plexus, recently sold 5,742 shares of Plexus stock. This transaction was valued at an impressive $799,521.
Recent Updates on PLXS stock
Recent developments around Plexus (PLXS) highlight a strong start to fiscal 2025 with significant program wins and a robust financial performance, despite facing sector-specific challenges. The company reported a Q1 revenue of $976 million and a non-GAAP EPS of $1.73, surpassing expectations. These results were driven by capturing new opportunities, particularly in the Healthcare/Life Sciences sector, and achieving improved free cash flow. However, challenges in the Aerospace and Defense and Healthcare/Life Sciences sectors have led to revenue declines, necessitating strategic adjustments. Looking forward, Plexus remains optimistic about revenue growth across all market sectors, with a robust pipeline and projected Q2 revenue between $960 million and $1 billion. The company’s strategic planning and resilience have set a positive tone for investors, despite the execution and near-term prospects being reflected in the stock’s current multiple, as noted by analysts.
More about Plexus
YTD Price Performance: -10.33%
Average Trading Volume: 199,580
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.76B
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