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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News
- Customer Experience Outsourcing Services Market to Reach $205.1 Billion, Globally, by 2032 at 11.1% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Concentrix Schedules Release of Third Quarter 2024 Financial Results and Webcast of Investor Conference CallGlobeNewswire
- Concentrix Co. (NASDAQ: CNXC) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "neutral" rating. They now have a $85.00 price target on the stock, up previously from $65.00.MarketBeat
- Australia Electronic Health Records Market Outlook to 2033: Forecasts Based on Cloud-Based Systems and Remote Systems [Yahoo! Finance]Yahoo! Finance
- Observe.AI Celebrates 7 Years of Driving Exceptional CX for Contact Centers with New Company Milestones [Yahoo! Finance]Yahoo! Finance
CNXC
Earnings
- 6/26/24 - Beat
CNXC
Analyst Actions
- 6/27/24 - Canaccord Genuity
CNXC
Sec Filings
- 9/17/24 - Form DEFA14A
- 9/17/24 - Form DEF
- 9/6/24 - Form PRE
- CNXC's page on the SEC website