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Stock Charts AI Power Rank: 8.4
Power Rank trend -> Falling
07/26/2024 16:00:00 EST
Concentrix Corporation (CNXC)
Industry: Information Technology Services
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CNXC has been trading in a range between $71.93 and $62.99 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CNXC is trading between resistance at $87.26 about 29% to the upside and support at $65.81 -2% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $104.44, about a 55% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Concentrix Corporation $CNXC entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $98.6, a potential upside of 46.23% from the recent price of 67.43. The stock is trading 55.27% (potential upside) below its 52 week high of $104.70 and 25.73 % (potential downside) above its 52 week low of $53.63 - based on the recent price.
Company Summary
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.
News
| Concentrix Sets Bold Goals to Support People and Planet in New Sustainability Report NEWARK, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced the release of its 2024 Sustainability Report - The Power Of One, detailing the company's progress toward supporting its people, local communities and planet, and evolving its strategy for a more sustainable future. Source: GlobeNewsWire Mon, 08 Jul 2024 10:00:00 -0400 Sentiment: Neutral |
| Concentrix Corporation (CNXC) Q2 2024 Earnings Call Transcript Concentrix Corporation (NASDAQ:CNXC ) Q2 2024 Earnings Conference Call June 26, 2024 5:00 PM ET Company Participants Sara Buda - Vice President of Investor Relations Chris Caldwell - President and Chief Executive Officer Andre Valentine - Chief Financial Officer Conference Call Participants Joseph Vafi - Canaccord Genuity Ruplu Bhattacharya - Bank of America Securities Divya Goyal - Scotiabank Vincent Colicchio - Barrington Research Operator Good day, everyone, and thank you for standing by. Welcome to the Concentrix Fiscal First (sic) [Second] Quarter 2024 Financial Results Conference Call. Source: Seeking Alpha Wed, 26 Jun 2024 19:52:07 -0400 Sentiment: Neutral |
| Concentrix Corporation (CNXC) Q2 Earnings and Revenues Surpass Estimates Concentrix Corporation (CNXC) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.62 per share. This compares to earnings of $2.69 per share a year ago. Source: Zacks Investment Research Wed, 26 Jun 2024 18:25:26 -0400 Sentiment: Positive |
| Concentrix Reports Second Quarter 2024 Results NEWARK, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal second quarter ended May 31, 2024. Source: GlobeNewsWire Wed, 26 Jun 2024 16:05:00 -0400 Sentiment: Neutral |
| The 3 Most Undervalued Tech Stocks to Buy in June 2024 With all the tech attention on market movers like Nvidia (NASDAQ: NVDA ), Amazon (NASDAQ: AMZN ) and Microsoft (NASDAQ: MSFT ), it can seem like tech stocks are too late to get in on. However, one of the beauties of the American economy is the constant innovation its competitive landscape drives. Source: InvestorPlace Thu, 06 Jun 2024 06:36:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 104.7003 52 Week Low: 53.6272 Beta: 0.664 50 Day MA: 63.6021 200 Day MA: 75.169 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.348 Qtr Revenue Growth YOY: 0.474 Forward PE: 5.6625 Trailing PE: 15.6784