CNXC Stock Recent News

JAKK, CNXC and RYI made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 4, 2023.

DOLE, RYI and CNXC made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 4, 2023.

Investors interested in stocks from the Business - Services sector have probably already heard of Concentrix Corporation (CNXC) and SGS SA (SGSOY). But which of these two companies is the best option for those looking for undervalued stocks?

Impactive Capital can help Concentrix figure out how to deploy its cash pile – and boost employee retention.

Ken Squire, 13D Monitor founder and president, joins 'The Exchange' to discuss equities with shares moving higher after investor activists launched new campaigns, the strength of activist investors in a high-rate environment, and tips for locating companies that activist investors could target.

Investors looking for stocks in the Business - Services sector might want to consider either Concentrix Corporation (CNXC) or SGS SA (SGSOY). But which of these two stocks presents investors with the better value opportunity right now?

Concentrix Corporation (NASDAQ:CNXC ) Q3 2023 Earnings Conference Call September 27, 2023 5:00 PM ET Company Participants David Stein - Vice President, Investor Relations Chris Caldwell - President and Chief Executive Officer Andre Valentine - Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Oliver Davies - Redburn Atlantic Divya Goyal - Scotiabank Operator Thank you for standing by and welcome to Concentrix Fiscal Third Quarter 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Concentrix Corporation (CNXC) came out with quarterly earnings of $2.71 per share, missing the Zacks Consensus Estimate of $2.76 per share. This compares to earnings of $2.95 per share a year ago.

Concentrix currently resembles a falling knife, but it might in fact be a good buying opportunity. They have evolved from being only an operator of call centers, to being a partner and extension of the brand for top multinationals when it comes to customer experience journeys. There is certainly an AI- and Macro overhang, but the current selloff seems unjustified.

We initiate Concentrix (CNXC) with a buy rating and FY23 warranted DCF value of $120. Share prices have fallen over 60% from the peak and are trading at a discount according to industry average and the company's historic valuation ratios. As it is integrated, the merger with WebHelp is also expected to add value in the mid to long run.