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Stock Charts AI Power Rank: 1.4
Power Rank trending -> UP

Last Price: 59.97 - Change: 0 - Change %: 0
06/24/2024 16:00:00 EST

Concentrix Corporation (CNXC)

Industry: Information Technology Services

Price Support Resistance

In the past 20 trading days, CNXC has been trading in a range between $62.32 and $58.22 (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.

The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.

Upside / Downside Potential

Concentrix Corporation $CNXC entered a Yellow zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $98.6, a potential upside of 64.42% from the recent price of 59.97. The stock is trading 75.39% (potential upside) below its 52 week high of $105.18 and 11.32 % (potential downside) above its 52 week low of $53.87 - 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.

CNXC Website

News

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
Concentrix: Worth A Look
Concentrix Corporation's stock has declined by 40% since becoming an independent public entity. The merger with Webhelp will boost Concentrix's competitive profile and increase its exposure to the EMEA region. Despite its strong forward earnings growth profile (triple-digit growth in FY24, followed by double-digit growth through FY26), CNXC can be picked up at a forward P/E of less than 5x.
Source: Seeking Alpha
Tue, 04 Jun 2024 13:10:43 -0400
Sentiment: Positive
Concentrix Debuts on the Fortune 500® List
NEWARK, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today proudly announces its debut on the prestigious Fortune 500® list, securing the 499th position.
Source: GlobeNewsWire
Tue, 04 Jun 2024 09:19:00 -0400
Sentiment: Neutral
How Bold Are You? 7 High-Growth Stocks to Buy for Daring Investors.
While financial advisors mostly direct their clients to established ideas, their high predictability prevents outright performance, which subsequently makes high-growth stocks so compelling. In exchange for greater risk, market participants may benefit from enhanced rewards.
Source: InvestorPlace
Thu, 30 May 2024 06:00:00 -0400
Sentiment: Positive
Concentrix to Present at Upcoming Investor Conferences
NEWARK, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced that members of its senior management team will be participating in the following upcoming conferences:
Source: GlobeNewsWire
Tue, 21 May 2024 16:05:00 -0400
Sentiment: Neutral
Instituions Institution %: 79.138
Last QTR Institution change: 2556814

Insiders
Insiders %: 15.078
Insiders Purchases last QTR: 2979
Insiders Sales last QTR: 21412
Insiders Net last QTR: -18433

Analyst Ratings
Target Price: 98.6
Overall Rating: 3.6
Strong Buys (5): 1
Buys (4): 2
Holds (3): 1
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 105.1767
52 Week Low: 53.8712
Beta: 0.66
50 Day MA: 59.9174
200 Day MA: 76.1756

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.546
Qtr Revenue Growth YOY: 0.468
Forward PE: 4.948
Trailing PE: 12.546

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