Concentrix: Hardly Growing Post-Merger (Rating Downgrade) [Seeking Alpha]
Concentrix Corporation (CNXC)
US:NYSE Investor Relations:
ccrlp.investorroom.com
Company Research
Source: Seeking Alpha
11min Summary Concentrix's Q3 report is due next week; past performance shows no growth and decreased efficiency, leading to a 30% stock decline. Revenue growth mainly from WebHelp merger; organic growth flat, with margins impacted by increased R&D spending, affecting ROA and ROE negatively. The company's financial health is concerning with high debt and low interest coverage ratio, necessitating a conservative valuation approach. Downgrading to a hold rating; awaiting proof of improved growth and profitability from AI and merger before recommending a buy again. Lock Stock Introduction Concentrix ( NASDAQ: CNXC is going to report its Q3 numbers next week, on the 25 th of September, so I thought I'd revisit the company and see how it performed since my first article when I gave it a buy rating in hopes that the WebHelp merger and AI would turn into higher growth and better profitability. Fast forward over a year, the growth was non-existent while efficiency decreased a
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CNXC
News
- The Evolution Of The Customer Experience: How To Expand Beyond NPS [Forbes]Forbes
- FPA Queens Road Small Cap Value Fund Maintains its Position in Concentrix (CNXC) [Yahoo! Finance]Yahoo! Finance
- Concentrix to share new insights on AI and intelligent experiences at Web Summit 2024GlobeNewswire
- Is Concentrix Corporation (CNXC) an Oversold NASDAQ Stock to Invest In Now? [Yahoo! Finance]Yahoo! Finance
- Concentrix Positioned as a Leader in Everest Group’s Customer Experience Management (CXM) Services PEAK Matrix® Assessment 2024GlobeNewswire
CNXC
Earnings
- 9/25/24 - Beat
CNXC
Sec Filings
- 11/12/24 - Form SC
- 11/1/24 - Form S-8
- 10/30/24 - Form 8-K
- CNXC's page on the SEC website