Multi-Fineline Electronix, Inc.NASDAQ
Fri, Feb. 5, 12:40 PM
Thu, Feb. 4, 5:39 PM
Thu, Feb. 4, 4:45 PM
- Chinese precision sheet metal supplier DSBJ is buying circuit board contract manufacturer Multi-Fineline (NASDAQ:MFLX) for $610M, or $23.95/share, in cash. The price represents a 46% premium to MFLX's Thursday close.
- The deal is expected to close in Q3, pending approvals from shareholders and U.S./Chinese regulators. DSBJ plans to finance via existing cash, credit facilities, and new debt. The announcement has been made in tandem with MFLX's Q4 results.
Thu, Feb. 4, 4:35 PM
- Multi-Fineline Electronix (NASDAQ:MFLX): Q4 EPS of $0.45 beats by $0.01.
- Revenue of $169M (-19.5% Y/Y) misses by $4.29M.
Fri, Jan. 29, 12:11 PM
- Jabil (JBL +3.2%), Celestica (CLS +5.1%), Fabrinet (FN +4.3%), Multi-Fineline (MFLX +4.7%), Benchmark Electronics (BHE +2.4%), and TTM Technologies (TTMI +4.6%) are doing well after Flex (formerly Flextronics, up 8.5%) beat FQ3 estimates and offered in-line FQ4 guidance against a backdrop of weak PC sales, slowing smartphone growth, and Chinese macro pressures. The Nasdaq is up 1.3%.
- A rally in Apple suppliers (follows earnings/guidance from suppliers Skyworks and Synaptics) could be benefiting Jabil and Multi-Fineline. On Monday, RBC cut its Jabil target by $3 to $36 due to the company's Apple exposure. Apple issued soft guidance the next day.
- Celestica tumbled yesterday after posting mixed Q4 results and issuing light Q1 guidance. Peer Sanmina rallied on Wednesday after providing strong calendar Q1 guidance to go with a Q4 sales miss.
Thu, Jan. 14, 4:00 PM
- Cirrus Logic (CRUS +6.6%) and Multi-Fineline (MFLX +15.6%), each of which get a giant portion of their sales from Apple, were among the tech standouts on a day the Nasdaq rose 2%. Possibly helping: TSMC (up 6.6%), which manufacturers chips for Apple and a slew of iPhone suppliers (including Cirrus), posted a Q4 EPS beat and offered in-line Q1 guidance that was better than feared.
- TSMC also suggested Chinese smartphone demand (weak for much of 2015) is starting to improve. The report comes six days after Cirrus (aided by a Pac Crest upgrade and hopes of headphone smart codec design wins) rallied following an FQ3 warning that followed reports of iPhone-related order cuts. Cirrus' FQ3 report arrives on Jan. 27, the day after Apple reports.
- Multi-Fineline fell sharply yesterday after cutting its Q4 revenue guidance and forecasting a ~30% Q/Q Q1 sales drop. The circuit board maker's Q4 report is due on Feb. 4.
Nov. 5, 2015, 5:23 PM
- Multi-Fineline Electronix (NASDAQ:MFLX): Q3 EPS of $0.54 beats by $0.19.
- Revenue of $165.7M (-4.2% Y/Y) misses by $5.3M.
- Shares -10.8% AH.
Aug. 5, 2015, 4:38 PM
- Multi-Fineline Electronix (NASDAQ:MFLX): Q2 EPS of $0.49 beats by $0.21.
- Revenue of $152.8M (+16.8% Y/Y) beats by $2.8M.
- Shares -0.8%.
Jun. 1, 2015, 4:48 PM
- Tom Kampfer, formerly the president of surveillance camera maker CohuHD and once the CFO of portable storage vendor Iomega, has been named Multi-Fineline's (NASDAQ:MFLX) CFO.
- The news comes 6 months after the contract manufacturer/Apple supplier announced CFO Tom Liguori is leaving to become power converter maker Advanced Energy's CFO.
May 8, 2015, 3:15 PM
- Healthcare software/IT services provider Allscripts (MDRX +6.6%) is rallying after reporting a 6% Y/Y increase in bookings (to $236M) to go with a Q1 miss. The bookings growth reverses an 11% Q4 decline; 63% of bookings came from software/recurring transactions vs. 54% a year ago.
- Cloud HR software vendor Paylocity (PCTY +14.1%) has soared after beating FQ3 estimates, and guiding for FQ4 revenue of $37.5M-$38.5M and EPS of -$0.05 to -$0.07; the former is above a $37.4M consensus, and the latter in-line with a -$0.06 consensus. The FQ3 beat was driven by a 41% Y/Y increase in recurring revenue to $43.9M.
- Optical component vendor NeoPhotonics (NPTN +20%) has soared after beating Q1 revenue estimates (while missing on EPS), and guiding for Q2 revenue of $83M-$89M and EPS of $0.09-$0.18 (mostly above a consensus of $84M and $0.10). Strong 100G component demand remains a major growth driver.
- Contract manufacturer Multi-Fineline (MFLX +11.3%) has made new 52-week highs after beating Q1 estimates and guiding for Q2 revenue of $135M-$165M (in-line with a $147.5M consensus).
- Cloud revenue management software vendor ServiceSource (SREV +16%) is flying higher after beating Q1 estimates. The company guided on its CC (transcript) for Q2 revenue of $56M-$60M and EPS of -$0.08 to -$0.09 vs. a consensus of $58.4M and -$0.07.
- Previously covered: AOL, Ebix, Tableau, CyberArk/Imperva, Silver Spring, Universal Display, SolarEdge, Nuance
May 7, 2015, 4:32 PM
- Multi-Fineline Electronix (NASDAQ:MFLX): Q1 EPS of $0.37 beats by $0.08.
- Revenue of $149.1M (+26.6% Y/Y) beats by $1.85M.
Apr. 16, 2015, 5:29 PM
- Tom Liguori, currently the CFO of circuit board maker Multi-Fineline (NASDAQ:MFLX), will become power converter maker Advanced Energy's (NASDAQ:AEIS) CFO on May 18. His hiring comes 5 months after AEIS announced Danny Herron would be stepping down as CFO.
- MFLX will begin a search for Liguori's successor. In tandem with the news, the company has announced it expects Q1 revenue of $145M-$150M; the 2-analyst consensus is at $145.7M. Gross margin is expected to be at 12%-13% (above guidance), and MFLX's top customer (Apple?) is expected to make up 65% of sales.
Feb. 9, 2015, 2:55 PM
- Today's notable tech gainers include 3D printer maker ExOne (XONE +6%), data center switch vendor Arista (ANET +4.2%), solar microinverter maker Enphase (ENPH +6.1%), ID theft-protection services firm LifeLock (LOCK +6.8%), voice processor developer Audience (ADNC +10.3%), contract manufacturer Multi-Finline (MFLX +10.2%), and cloud file-sharing platform/recent IPO Box (BOX +9.1%).
- Notable decliners include flash storage array vendor Violin Memory (VMEM -5.6%), ultracapacitor maker Maxwell (MXWL -6.3%), SMB Web services provider Wix.com (WIX -4.8%), salvage auction site Liquidity Services (LQDT -5.4%), and carrier billing software/cloud services provider Synchronoss (SNCR -5.6%). The Nasdaq is down 0.3%.
- LifeLock reports earnings tomorrow afternoon. Audience is four days removed from beating Q3 estimates and offering in-line guidance. Arista is reversing its Friday's losses, and Box is adding to the Friday gains that came after a positive Jim Cramer mention.
- Synchronoss is adding to the losses seen last week after the company offered cautious 2015 cloud revenue guidance to go with a Q4 beat, and Maxwell to the losses seen due to the soft Q1/2015 guidance provided with a Q4 beat. Liquidity is giving back some of last week's huge post-earnings gains. Wix reports on Wednesday morning.
- Earlier: GoPro, Yelp see more post-earnings pain
- Earlier: Chinese solar stocks rally
Feb. 5, 2015, 4:46 PM
- Multi-Fineline Electronix (NASDAQ:MFLX): Q4 EPS of $0.66 beats by $0.01.
- Revenue of $210M (-0.8% Y/Y) beats by $21.95M.
Nov. 6, 2014, 4:56 PM
- Multi-Fineline Electronix (NASDAQ:MFLX): FQ4 EPS of $0.28 beats by $0.28.
- Revenue of $172.88M (-8.2% Y/Y) beats by $6.53M.
Aug. 7, 2014, 5:12 PM
- Multi-Fineline Electronix (NASDAQ:MFLX): FQ3 EPS of -$0.86 misses by $0.31.
- Revenue of $130.8M (-3.9% Y/Y) beats by $9M.