Concentrix (NASDAQ:CNXC) Shares Gap Up – Still a Buy?

Concentrix Corporation (NASDAQ:CNXC)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $22.41, but opened at $23.38. Concentrix shares last traded at $24.3260, with a volume of 240,813 shares changing hands.

More Concentrix News

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Concentrix highlighted strong cash generation, including record quarterly cash flow from operations and adjusted free cash flow, which supports its ability to manage debt and continue returning cash to shareholders. Concentrix Reports Second Quarter 2026 Results
• Positive Sentiment: Management said iX Suite deals surged year over year, suggesting some strength in its AI-related offerings despite broader growth headwinds. Concentrix Q2 Earnings Call Focuses on AI Push, Margin Path
• Neutral Sentiment: Several analysts kept positive or hold-like views, but many lowered price targets after the results, indicating the stock still has support but expectations have reset lower. Analyst price target updates
• Neutral Sentiment: The board declared a quarterly dividend, which may help income-oriented investors even as the shares remain under pressure. CNXC stock information
• Negative Sentiment: Concentrix trimmed its FY2026 and Q3 guidance below Wall Street expectations, raising concerns that client spending is weakening and that the recovery may take longer than hoped. Concentrix cuts annual forecast as clients trim spend; shares fall
• Negative Sentiment: The company missed earnings and revenue estimates, and margin pressure plus leverage worries are weighing on sentiment around the stock. Why Is Concentrix Stock Falling Tuesday?
• Negative Sentiment: Recent commentary also notes the stock has fallen sharply over the past year, reflecting ongoing investor skepticism even after valuation has become more attractive. Concentrix (CNXC) Stock Still Looks Reasonable As Shares Fell 85%

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a report on Monday, April 27th. Robert W. Baird reduced their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday. Barrington Research decreased their price target on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday. Canaccord Genuity Group lowered their price objective on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Wall Street Zen lowered shares of Concentrix from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.75.

Concentrix Stock Up 10.0%

The firm has a market cap of $1.50 billion, a P/E ratio of -1.16, a price-to-earnings-growth ratio of 0.32 and a beta of 0.44. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.43. The firm has a fifty day moving average of $25.69 and a 200-day moving average of $31.96.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 18.93%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.70 earnings per share. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. On average, equities research analysts anticipate that Concentrix Corporation will post 10.42 earnings per share for the current year.

Concentrix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Friday, July 24th. Concentrix’s dividend payout ratio is -6.68%.

Insider Activity

In other news, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $22.25, for a total value of $133,500,000.00. Following the sale, the insider directly owned 2,773,667 shares of the company’s stock, valued at approximately $61,714,090.75. This represents a 68.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andre S. Valentine bought 2,500 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was purchased at an average cost of $27.95 per share, for a total transaction of $69,875.00. Following the completion of the acquisition, the chief financial officer owned 89,066 shares in the company, valued at $2,489,394.70. This trade represents a 2.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.90% of the stock is owned by insiders.

Institutional Trading of Concentrix

Several institutional investors and hedge funds have recently bought and sold shares of CNXC. Osaic Holdings Inc. lifted its position in shares of Concentrix by 13.4% in the second quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock valued at $118,000 after buying an additional 263 shares during the last quarter. State of Wyoming raised its stake in Concentrix by 6.2% in the 4th quarter. State of Wyoming now owns 5,029 shares of the company’s stock valued at $209,000 after acquiring an additional 293 shares during the period. Deutsche Bank AG raised its stake in Concentrix by 4.7% in the 4th quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock valued at $281,000 after acquiring an additional 303 shares during the period. Brevan Howard Capital Management LP lifted its holdings in Concentrix by 4.5% during the 2nd quarter. Brevan Howard Capital Management LP now owns 8,951 shares of the company’s stock valued at $473,000 after purchasing an additional 384 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Concentrix by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock valued at $1,923,000 after purchasing an additional 384 shares during the last quarter. Institutional investors own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.