New insider activity at Concentrix ( (CNXC) ) has taken place on April 18, 2025.
Director Olivier Duha has recently sold 108,843 shares of Concentrix stock, amounting to a significant transaction worth $5,274,365.
Recent Updates on CNXC stock
Concentrix Corporation recently held its Q1 earnings call, reporting a positive outlook with strong financial performance, particularly in AI deployment. The company exceeded revenue and profit expectations, with a year-over-year revenue growth of 1.3% and a non-GAAP operating income of $322 million. Despite challenges in the healthcare and media sectors, Concentrix demonstrated strong client growth and improved cash flow. The company’s strategic advancements in AI and effective cash management were highlighted as key factors in its financial health. Analyst Ruplu Bhattacharya raised the price target for Concentrix, citing strong fiscal Q1 results that surpassed Street estimates on revenue and margins. The slight raise in FY25 revenue guidance was attributed to a better outlook on forex, with the guidance now appearing conservative. However, Barrington lowered the price target due to concerns about the company’s revenue projections not meeting consensus expectations. Overall, Concentrix remains confident in its growth strategies and financial management, aiming for continued success in the coming fiscal year.
Spark’s Take on CNXC Stock
According to Spark, TipRanks’ AI Analyst, CNXC is a Outperform.
Concentrix’s strong revenue growth and effective debt management are significant positives, providing a solid foundation in the competitive IT services industry. The stock’s attractive valuation further enhances its appeal, while the positive earnings call underscores strategic initiatives and potential growth areas. However, some caution is warranted due to sectoral challenges and debt levels.
To see Spark’s full report on CNXC stock, click here.
More about Concentrix
YTD Price Performance: 10.35%
Average Trading Volume: 971,756
Technical Sentiment Signal: Buy
Current Market Cap: $3.06B