Flextronics (NASDAQ:FLEX) Continues to Deliver Top-Line Growth

Flextronics (NASDAQ:FLEX) looks good going forward, according to Needham, citing its diverse customer base and end markets as major catalysts.

Needham says, "Overall, Flextronics continues to execute as its diverse customer base and end markets remain well positioned to capture a healthy share of new business and drive solid top-line growth. Further, with the company still seeing solid growth prospects and an improving Components business, we suspect our estimates could be conservative.

"For F4Q, our estimates become $7.25B and $0.22, vs. our previous forecast of $7.0B and $0.20 (ex. opt.). Our F11 estimates now $29.1B and $0.88, vs. our previous $28.6B and $0.85. Modifying F12 of $30.6B & $0.96 to $31.8B and $1.04."

Needham & Company maintains a "Buy" on Flextronics (FLEX), which was trading at $8.15, down $0.07, or 0.85 percent, as of 11:59 AM EST.