Concentrix is an American business services company specializing in customer engagement and business performance.
The price has been beaten up from $150 5 months ago to $81 now.
Via Semrush data, 6 months ago 1 million average monthly visits to their website and not it is 1.5 million monthly. Since this is a 3rd party customer service company I assume most people going to their website are people apply to jobs as customer service agents. If they are hiring they must have a lot of contracts with companies like Apple. Business looks to be doing well so why is the stock price so cheap and at a 1 year low?
They have earnings Wednesday after close. They usually miss revenue or EPS but I would assume expectations are low so if they have a double beat we will is 20% AH rise. If they miss then the price is already pretty low and shouldn't move more than 5%. Seems attractive earnings play.
Thoughts?
Leave a Reply