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Concentrix (CNXC)
NASDAQ:CNXC
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CNXC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$50.23 - $106.10
Previous Close$52.58
Volume890.14K
Average Volume (3M)566.79K
Market Cap
$3.42B
Enterprise Value$8.08B
Total Cash (Recent Filing)$246.24M
Total Debt (Recent Filing)$4.91B
Price to Earnings (P/E)17.0
Beta0.97
Next Earnings
Jan 15, 2025EPS Estimate
$3.07Next Dividend Ex-Date
Oct 25, 2024Dividend Yield2.3%
Share Statistics
EPS (TTM)3.09
Shares Outstanding65,328,966
10 Day Avg. Volume1,559,784
30 Day Avg. Volume566,794
Standard Deviation0.12
R-Squared0.07
Alpha-0.00939
Financial Highlights & Ratios
Price to Book (P/B)0.84
Price to Sales (P/S)0.40
Price to Cash Flow (P/CF)3.60
P/FCF Ratio3.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.86
Enterprise Value/Gross Profit3.13
Enterprise Value/Ebitda1.68
Forecast
1Y Price Target
$79.00Price Target Upside50.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Concentrix News
Bulls Say, Bears Say
Bulls Say
Dividend And Share BuybackCNXC raised its quarterly dividend by 10% and repurchased $39.1 million of shares during F3Q24.
Earnings GrowthBuybacks could significantly accelerate EPS growth, potentially adding 10%+ to EPS growth once CNXC reaches ~2X leverage.
Revenue And Market PositionThe company has a solid revenue pipeline for artificial intelligence (AI) and technology-led solutions and is well positioned to gain share in coming quarters.
Bears Say
Client ConcentrationTop five clients account for 22% of revenue, posing a concentration risk.
Earnings PerformanceConcentrix reported fiscal Q3/24 non-GAAP EPS of $2.87, which was less than both the analyst's forecast of $2.90 and the FactSet consensus forecast of $2.93.
Financial OutlookManagement noted the factors in the weaker outlook for Q4 were lower volume forecast from clients, a larger shift of revenue to lower cost delivery geographies, and the loss of some commoditized projects.
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Ownership Overview
3.06% Insiders
24.37% Mutual Funds
0.06% Other Institutional Investors
54.90% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CNXC FAQ
What was Concentrix’s price range in the past 12 months?
Concentrix lowest stock price was $50.23 and its highest was $106.10 in the past 12 months.
What is Concentrix’s market cap?
Currently, no data Available
When is Concentrix’s upcoming earnings report date?
Concentrix’s upcoming earnings report date is Jan 15, 2025 which is in 101 days.
How were Concentrix’s earnings last quarter?
Concentrix released its earnings results on Sep 25, 2024. The company reported $2.87 earnings per share for the quarter, missing the consensus estimate of $2.903 by -$0.033.
Is Concentrix overvalued?
According to Wall Street analysts Concentrix’s price is currently Undervalued.
Does Concentrix pay dividends?
Concentrix pays a Quarterly dividend of $0.33 which represents an annual dividend yield of 2.3%. See more information on Concentrix dividends here
What is Concentrix’s EPS estimate?
Concentrix’s EPS estimate is $3.07.
How many shares outstanding does Concentrix have?
Concentrix has 64,960,820 shares outstanding.
What happened to Concentrix’s price movement after its last earnings report?
Concentrix reported an EPS of $2.87 in its last earnings report, missing expectations of $2.903. Following the earnings report the stock price went down -18.988%.
Which hedge fund is a major shareholder of Concentrix?
Among the largest hedge funds holding Concentrix’s share is Pzena Investment Management LLC. It holds Concentrix’s shares valued at 94M.
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Concentrix Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$79.00 (50.25% Upside)
$79.00 (50.25% Upside)
Blogger Sentiment
Bullish
CNXC Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 769.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $517.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 8.0%
Last 30 Days ▲ 25.7%
Last 30 Days ▲ 25.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-33.09%
12-Months-Change
Fundamentals
Return on Equity
5.61%
Trailing 12-Months
Asset Growth
44.48%
Trailing 12-Months
Company Description
Concentrix
Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.
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CNXC Earnings Call
Q3 2024
0:00 / 0:00
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CNXC Revenue Breakdown
31.00% Technology and consumer electronics
20.36% Retail, travel and ecommerce
15.71% Communications and media
15.35% Banking, financial services and insurance
17.58% Other
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CNXC Stock 12 Month Forecast
Average Price Target
$79.00
▲(50.25% Upside)
Technical Analysis
Best Analysts Covering CNXC
1 Year
1 Year Success Rate
0/20 ratings generated profit
1 Year Average Return
-28.07%
reiterated a buy rating 11 days ago
Copying Vincent Colicchio's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -28.07% per trade.
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