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Top Plexus Executive Cashes In Big on Stock Sale!

Top Plexus Executive Cashes In Big on Stock Sale!

New insider activity at Plexus ( (PLXS) ) has taken place on February 19, 2025.

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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Questions or Comments about the article? Write to editor@tipranks.com