Reading CNXC? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track CNXC free→Reading CNXC? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track CNXC free→NASDAQIndustrialsInformation Technology ServicesSnapshot 2026-06-15
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak. Earnings quality cannot be assessed since the company was unprofitable over the past year. Management's recent track record has been fairly steady. Risk is high, and the sector backdrop is a headwind. Peer multiples imply a price about 87% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk. This means it trades below peer multiples, but recent financials are weak. The read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 4 valuation methods, at three horizons. Current price $26.19. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $26 CNXC trades at 3× p/e, below its 23× p/e peer median. Our $202 fair value sits above the price; medium confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 87% below a flat-multiple fair value, below our forecast of about 7%. This describes what's priced in, not a forecast of the move.
No fragility gates fired.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 58% of the time over the next year (vs 62% for the rest of the cohort, n=3678).
Over the trailing year it converted -0.54x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
7 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated neutral grew net income 59% of the time over the next year (vs 60% for the rest of the cohort, n=1113).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $3.06 → $3.06 (+0.0% / 30d). 2 raised, 1 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d. 75% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$259.
How much price usually moves either way.
On a bad day, this stock has moved -$681.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,222.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Lower revenue guidance shows ongoing problems in reaching growth goals for FY 2026.
Confirms:Q2 revenue guidance is below $2.460 billion.
Disproves:Q2 revenue guidance meets or exceeds $2.485 billion.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for CNXC yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Under the terms of the Investor Rights Agreement, dated as of March 29, 2023 (the “Investor Rights Agreement”), by and among Concentrix Corporation (the “Company”) and certain former stockholders of Marnix Lux SA, a public limited liability company ( société anonyme ) incorporated under the laws of the Grand Duchy of Luxembourg and the former parent…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks cheaper than most peers in the same business.
Cheaper than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Industrials (broad).
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
CNXC Concentrix | Typical Show detailsSector percentile: 60 of 100 | inexpensive | high |
MTZ MasTec | Typical Show detailsSector percentile: 48 of 100 | expensive | moderate |
CW Curtiss-Wright | Typical Show detailsSector percentile: 67 of 100 | expensive | moderate |
CRS Carpenter Technology | Typical Show detailsSector percentile: 57 of 100 | expensive | moderate |
ATI ATI Inc. | Above typical Show detailsSector percentile: 85 of 100 | expensive | elevated |
Not investment advice. As of 2026-06-15.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Targeting full-year revenue between $10.035 billion and $10.180 billion for fiscal year 2026.
Aiming to generate adjusted free cash flow between $630 million and $650 million for fiscal year 2026.
Targeting non-GAAP diluted EPS between $11.48 and $12.07 for fiscal year 2026.
Why it matters: Falling short of free cash flow targets could signal financial strain and impact future investments.
Confirms:Adjusted free cash flow reported below $630 million for FY 2026.
Disproves:Adjusted free cash flow reported above $650 million for FY 2026.
Why it matters: Earnings below this level show weaker profits. This could hurt investor confidence.
Confirms:Non-GAAP diluted EPS reported below $2.57 for Q2.
Disproves:Non-GAAP diluted EPS reported above $2.69 for Q2.
of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference into any Concentrix filing or report with the Securities and Exchange Commission, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in any such filing or report.
Entry into a Material Definitive Agreement. On March 20, 2026, Concentrix Corporation (the “Company”), as servicer, entered into an amendment (the “Amendment”) to its accounts receivable securitization facility (as amended, the “Securitization Facility”) by and among Concentrix Receivables, Inc., a subsidiary of the Company, as borrower, PNC Bank, National Association, as administrative agent, and the group agents and the lenders party thereto. The Amendment provides for, among other things,…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As described below in
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in