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Concentrix (CNXC)

Concentrix Corporation is a leading technology-enabled global business services company specializing in customer engagement and improving business performance for some of the world's best brands including over 95 Global Fortune 500 clients and over 90 global disruptor clients. Every day, from more than 40 countries and across 6 continents, our staff delivers next generation customer experience and helps companies better connect with their customers. We create better business outcomes and help differentiate our clients through technology, design, data, process, and people. Concentrix provides services to clients in our key industry verticals: technology & consumer electronics; retail, travel & ecommerce; banking, financial services & insurance; healthcare; communications & media; automotive; and energy & public sector. We are Different by Design.

Company profile

Ticker
CNXC
Exchange
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Beijing Jumeng Technology Development Ltd. • Chongqing Jumeng Technologies Development Ltd. • CNX Services Jamaica Limited • Concentrix (Canada) Limited • Concentrix (Suzhou) Information Consulting Co., Ltd. • Concentrix Beteiligungen GmbH • Concentrix Business Services UK Limited • Concentrix Costa Rica, S.A. • Concentrix CRM Services Germany GmbH • Concentrix CRM Services Hungary KFT ...
IRS number
271605762

CNXC stock data

Analyst ratings and price targets

Last 3 months

Calendar

8 Jul 22
11 Aug 22
30 Nov 22
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Nov 21 Nov 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Polk Dennis Common Stock Sell Dispose S No Yes 136.089 3,433 467.19K 18,282
1 Aug 22 Polk Dennis Common Stock Sell Dispose S No Yes 135.197 1,800 243.35K 21,715
1 Aug 22 Polk Dennis Common Stock Sell Dispose S No Yes 134.071 3,467 464.82K 23,515
1 Aug 22 Polk Dennis Common Stock Sell Dispose S No Yes 132.961 1,300 172.85K 26,982
1 Aug 22 Polk Dennis Common Stock Option exercise Acquire M No No 48.14 10,000 481.4K 28,282
1 Aug 22 Polk Dennis Employee Stock Option Common Stock Option exercise Dispose M No No 48.14 10,000 481.4K 24,240
29 Jul 22 Jane Fogarty Common Stock Buy Acquire P No No 134.63 400 53.85K 3,164
21 Jul 22 Miau Matthew common stock Sell Dispose S Yes No 132.11 294 38.84K 3,550,595
21 Jul 22 Miau Matthew common stock Sell Dispose S Yes No 132.1 205 27.08K 3,550,889
21 Jul 22 Miau Matthew common stock Sell Dispose S Yes No 132.08 600 79.25K 3,551,094
86.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 345 338 +2.1%
Opened positions 54 59 -8.5%
Closed positions 47 29 +62.1%
Increased positions 113 104 +8.7%
Reduced positions 111 109 +1.8%
13F shares Current Prev Q Change
Total value 7.92B 8.37B -5.4%
Total shares 44.96M 44.61M +0.8%
Total puts 187.9K 80.9K +132.3%
Total calls 335.9K 134.2K +150.3%
Total put/call ratio 0.6 0.6 -7.2%
Largest owners Shares Value Change
FMR 6.32M $1.05B +6.8%
MiTAC International 4.94M $882.42M 0.0%
Vanguard 4.15M $691.76M +0.3%
Capital International Investors 3.76M $625.8M -8.8%
BLK Blackrock 3.67M $611.1M +1.0%
Dimensional Fund Advisors 1.63M $271.86M -0.9%
Ninety One UK 1.52M $253.77M -12.0%
FIL 1.34M $223.19M +15.5%
Wellington Management 1.21M $201.18M +0.4%
STT State Street 1.13M $188.55M +3.4%
Largest transactions Shares Bought/sold Change
Lyrical Asset Management 0 -767.35K EXIT
SAMG Silvercrest Asset Management 869.23K +754.19K +655.6%
FMR 6.32M +401.89K +6.8%
Norges Bank 0 -372.53K EXIT
Capital International Investors 3.76M -362.77K -8.8%
Allspring Global Investments 146.23K -258.18K -63.8%
Ninety One UK 1.52M -207.72K -12.0%
FIL 1.34M +180.04K +15.5%
Citadel Advisors 218.21K +167.93K +334.0%
Boston Partners 973.32K -148.11K -13.2%

Financial report summary

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Risks
  • Risks Related to Our Business and Industry
  • We anticipate that our revenue and operating results will fluctuate, which could adversely affect the enterprise value of our Company and the trading value of our common stock.
  • Cyberattacks or the improper disclosure or control of personal or confidential information could result in liability and harm our reputation, which could adversely affect our business.
  • If our staff or contractors fail to adhere to the controls and processes we and our clients have established, we may be subject to financial liability or our client relationships or reputation may suffer, which in turn may adversely affect our revenue and results of operations.
  • The inability to successfully execute on our digital CX strategy and deliver value for our clients, could harm our client relationships and reputation, which in turn could adversely affect our revenue and our results of operations.
  • We have pursued and intend to continue to pursue strategic acquisitions or investments in new markets and may encounter risks associated with these activities, which could harm our business and operating results.
  • Our industry is subject to intense competition and dynamic changes in business model, which in turn could cause our operations to suffer.
  • Our delivery center activities are located around the world, with a significant concentration in the Philippines, India, China, and Brazil, which may expose us to business risks and disrupt our operations.
  • We may have higher than anticipated tax liabilities, which could result in a material adverse effect on our business.
  • If we are unable to retain key personnel, hire and retain staff with the skills and expertise we need, or manage the costs and utilization rate of our staff, our profitability may be negatively impacted and our operations may be disrupted.
  • We are subject to uncertainties and rapid variability in demand by our clients, and our client contracts include provisions such as termination for convenience, which could cause fluctuations in our revenue and adversely affect our operating results.
  • We depend on a limited number of clients for a significant portion of our revenue, and the loss of business from one or more of these clients could adversely affect our results of operations.
  • We depend on a variety of communications services and information technology systems and networks, and any failure or increase in the cost of these systems and networks could adversely impact our business and operating results.
  • Our business is subject to many regulatory requirements, and changes in current regulations or their interpretation and enforcement, or the adoption of new regulations, could significantly increase our cost of doing business.
  • Changes in foreign currency exchange rates could adversely affect our business and operating results.
  • Our operations, reputation and results of operations may be damaged through the actions, inactions or vulnerabilities of third parties.
  • Our goodwill and identifiable intangible assets could become impaired, which could have a material non-cash adverse effect on our results of operations.
  • The terms of our debt arrangements impose significant restrictions on our ability to operate and could have an adverse effect on our business and results of operations.
  • Our level of indebtedness could have adverse consequences for our business or our financial condition.
  • If the interest rates on our outstanding borrowings increase, our net income could be adversely affected.
  • Our results of operations could be adversely affected by litigation and other commitments and contingencies.
  • Risks Relating to the Spin-Off
  • We have operated as an independent public company for a limited period of time.
  • The requirements of being a stand-alone public company have increased certain of our costs compared to our costs prior to the spin-off.
  • As a new public company, our brand identity may not be fully aligned with our service offerings and the value we deliver to our clients, which may adversely affect our ability to grow and attract talented staff.
  • The spin-off may not achieve some or all of the anticipated benefits.
  • If the spin-off is determined to be taxable for U.S. federal income tax purposes, we and our stockholders could incur significant U.S. federal income tax liabilities.
  • We must abide by certain restrictions to preserve the tax-free treatment of the spin-off and may not be able to engage in desirable acquisitions and other strategic or capital-raising transactions.
  • We are subject to potential indemnification liabilities to TD SYNNEX pursuant to the separation and distribution agreement.
  • In connection with the spin-off, TD SYNNEX has agreed to indemnify us for certain liabilities and liabilities related to TD SYNNEX assets; however, these indemnities may be insufficient to protect us against the full amount of such liabilities.
  • We are a smaller company than the combined organization prior to the spin-off, and we may experience increased costs resulting from the decrease in purchasing power or from increased efforts to build and maintain relationships.
  • General Risks Related to Ownership of Our Common Stock
  • The share price and trading volume of our common stock may fluctuate significantly.
  • We cannot guarantee the continued payment of dividends on our common stock, or the timing or amount of any such dividends.
  • Your percentage ownership in Concentrix may be diluted in the future.
  • Certain provisions of our certificate of incorporation and bylaws and of Delaware law make it difficult for stockholders to change the composition of our board of directors and may discourage hostile takeover attempts that some of our stockholders may consider to be beneficial.
  • Our bylaws designate the Court of Chancery of the State of Delaware and U.S. federal district courts as the exclusive forums for certain types of actions and proceedings that may be initiated by our stockholders, which limits our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers or other employees.
  • The concentration of ownership of our common stock could allow our principal stockholders to influence matters requiring stockholder approval and could delay or prevent a change of control.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: evidenced, inclusive, leader, meeting, ServiceSource, settlement
Removed: add, broader, clarify, crediting, declared, determine, methodology, obligation, Organization, Originator, outbreak, postretirement, remove, replaced, strain, supportable