Concentrix (CNXC) Stock Price, News & Analysis

Company Overview

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications. It also offers customer lifecycle management; customer experience/user experience strategy and design; analytics and actionable insights; digital transformation services that design and engineer CX solutions to enable efficient customer self-service and build customer loyalty; customer engagement solutions and services that address the entirety of the customer lifecycle; AI technology that can intelligently act on customer intent to improve customer experience with non-human engagement; voice of the customer and analytics solutions to gather and analyze customer feedback to foster loyalty to, and growth with, clients; analytics and consulting solutions that synthesize data and provide professional insight to improve clients' customer experience strategies; vertical business process outsourcing (BPO) services; and back office BPO services that support clients in non-customer facing areas. The company's clients include technology and consumer electronics, retail, travel and e-commerce, communications and media, banking, financial services and insurance, healthcare, and others, as well as global IPOs, social brands, and banks. Concentrix Corporation was founded in 2004 and is based in Newark, California.

Key Stats

• Today's Range: $37.06 to $39.84
• 50-Day Range: $37.26 to $67.61
• 52-Week Range: $36.28 to $106.10
• Volume: 983,292 shs
• Average Volume: 565,240 shs
• Market Capitalization: $2.58 billion
• P/E Ratio: 12.91
• Dividend Yield: 3.35%
• Price Target: $79.00
• Consensus Rating: Buy

Concentrix Stock Analysis - MarketRank™

Concentrix scored higher than 100% of companies evaluated by MarketBeat, and ranked 1st out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Concentrix has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Concentrix has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 8.25%

Earnings Growth

Earnings for Concentrix are expected to grow by 8.25% in the coming year, from $10.18 to $11.02 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Concentrix is 12.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Concentrix is 12.91, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 46.21.

Price to Earnings Growth Ratio

Concentrix has a PEG Ratio of 0.53. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Concentrix has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.67% of the float of Concentrix has been sold short.

Short Interest Ratio / Days to Cover

Concentrix has a short interest ratio ("days to cover") of 9.

Change versus previous month

Short interest in Concentrix has recently increased by 9.74%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Concentrix pays a meaningful dividend of 3.48%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Concentrix does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Concentrix is 43.18%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Concentrix will have a dividend payout ratio of 12.07% next year. This indicates that Concentrix will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.9 / 5
• Environmental Score: -1.16

Percentage of Shares Shorted

13.67% of the float of Concentrix has been sold short.

Short Interest Ratio / Days to Cover

Concentrix has a short interest ratio ("days to cover") of 9.

Change versus previous month

Short interest in Concentrix has recently increased by 9.74%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.50

News Sentiment

Concentrix has a news sentiment score of 1.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Concentrix this week, compared to 4 articles on an average week.

Search Interest

Only 5 people have searched for CNXC on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

MarketBeat Follows

17 people have added Concentrix to their MarketBeat watchlist in the last 30 days. This is an increase of 143% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Concentrix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $648,945.00 in company stock.

Percentage Held by Insiders

Only 3.10% of the stock of Concentrix is held by insiders.

Percentage Held by Institutions

90.34% of the stock of Concentrix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNXC Stock Analysis - Frequently Asked Questions

How have CNXC shares performed this year?

Concentrix's stock was trading at $98.21 on January 1st, 2024. Since then, CNXC stock has decreased by 59.5% and is now trading at $39.76.
View the best growth stocks for 2024 here.

How were Concentrix's earnings last quarter?

Concentrix Co. (NASDAQ:CNXC) posted its quarterly earnings results on Wednesday, September, 25th. The company reported $2.87 EPS for the quarter, missing the consensus estimate of $2.93 by $0.06. The company's quarterly revenue was up 46.2% compared to the same quarter last year.

When did Concentrix IPO?

Concentrix (CNXC) raised $75 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 5,000,000 shares at a price of $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura acted as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers.

Who are Concentrix's major shareholders?

Top institutional investors of Concentrix include FMR LLC (8.64%), Pzena Investment Management LLC (2.27%), State Street Corp (2.16%) and Copeland Capital Management LLC (1.55%). Insiders that own company stock include Star Developments Ltd Silver, Matthew Miau, Christopher A Caldwell, Andre S Valentine, Cormac J Twomey, Dennis Polk, Jane Fogarty, Ann F Vezina and Kathryn Hayley.
View institutional ownership trends.

How do I buy shares of Concentrix?

Shares of CNXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Concentrix own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Concentrix investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), ServiceNow (NOW), Arista Networks (ANET) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 9/25/2024
• Ex-Dividend for 11/5 Dividend: 10/25/2024
• Dividend Payable: 11/05/2024
• Today: 11/20/2024
• Fiscal Year End: 11/30/2024
• Next Earnings (Estimated): 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NASDAQ:CNXC
• CUSIP: N/A
• CIK: 1803599
• Web: www.concentrix.com
• Phone: 800-747-0583
• Fax: N/A
• Employees: 440,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $79.00
• High Stock Price Target: $100.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: +98.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.08
• Trailing P/E Ratio: 12.91
• Forward P/E Ratio: 3.91
• P/E Growth: 0.53
• Net Income: $313.84 million
• Net Margins: 2.18%
• Pretax Margin: 2.80%
• Return on Equity: 16.57%
• Return on Assets: 5.57%

Debt

• Debt-to-Equity Ratio: 1.18
• Current Ratio: 1.57
• Quick Ratio: 1.57

Sales & Book Value

• Annual Sales: $9.40 billion
• Price / Sales: 0.27
• Cash Flow: $15.23 per share
• Price / Cash Flow: 2.61
• Book Value: $62.21 per share
• Price / Book: 0.64

Miscellaneous

• Outstanding Shares: 64,819,000
• Free Float: 62,810,000
• Market Cap: $2.58 billion
• Optionable: Optionable
• Beta: 0.61