Concentrix (NASDAQ:CNXC) Shares Down 5.4% on Disappointing Earnings

Concentrix Corporation (NASDAQ:CNXC)’s share price dropped 5.4% on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $25.44 and last traded at $25.0570. Approximately 1,952,025 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 1,467,669 shares. The stock had previously closed at $26.48.

The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.04). Concentrix had a positive return on equity of 17.80% and a negative net margin of 13.35%.The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the firm earned $2.79 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year.

Concentrix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.44 annualized dividend and a yield of 5.2%. Concentrix’s payout ratio is presently -6.91%.

More Concentrix News

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Several firms cut targets but kept constructive ratings — Canaccord cut its target to $55 and kept a Buy rating, Barrington cut to $38 but stayed Outperform, and Robert W. Baird trimmed to $40 while maintaining Outperform — signaling analysts still see upside versus the current price. Article Title
• Positive Sentiment: Some analysts continue to view CNXC as undervalued on a forward P/E basis and as a potential rebound candidate if margins and cash flow recover in H2 2026. Article Title
• Neutral Sentiment: Company revenue modestly beat estimates ($2.50B vs ~$2.49B), showing continued top-line growth even as profitability slipped. Earnings/Stats
• Neutral Sentiment: Macro/market coverage: Bloomberg flagged CNXC among “stock movers,” reflecting the heavy trading and news-driven volatility rather than a single structural change. Stock Movers
• Negative Sentiment: Margin squeeze and cautious 2026 guidance triggered a large selloff — investors reacted to lower margin outlook and conservative revenue/cash-flow assumptions. Yahoo Finance
• Negative Sentiment: Analyst and investor skepticism: Seeking Alpha pieces highlight execution risk from an expensive transition to AI-driven services, negative Q1 free cash flow, high leverage and a downgraded stance that argues CNXC is “cheap for a reason.” SA Downgrade
• Negative Sentiment: Investor caution pieces reinforce the risks — another Seeking Alpha article explains why some investors are avoiding CNXC despite low valuation multiples. SA Opinion
• Negative Sentiment: Price action: coverage noted CNXC hit a new 1‑year low after the earnings miss, underscoring near-term downside pressure until margins and cash flow show clear improvement. 1-Year Low

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CNXC shares. Barrington Research lowered their price target on shares of Concentrix from $62.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday. Robert W. Baird reduced their price objective on shares of Concentrix from $52.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings lowered shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, January 29th. Wall Street Zen raised shares of Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Canaccord Genuity Group cut their price target on Concentrix from $80.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.50.

Insider Buying and Selling

In related news, CEO Christopher A. Caldwell acquired 1,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of $37.07 per share, with a total value of $37,070.00. Following the purchase, the chief executive officer directly owned 362,075 shares in the company, valued at $13,422,120.25. The trade was a 0.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Concentrix

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in Concentrix by 1.8% during the third quarter. AQR Capital Management LLC now owns 4,380,821 shares of the company’s stock worth $202,175,000 after purchasing an additional 75,352 shares during the last quarter. Pzena Investment Management LLC raised its stake in Concentrix by 32.3% during the fourth quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock worth $121,713,000 after purchasing an additional 714,604 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Concentrix by 28.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock valued at $103,588,000 after purchasing an additional 551,778 shares during the last quarter. State Street Corp boosted its holdings in shares of Concentrix by 8.7% in the 2nd quarter. State Street Corp now owns 1,622,854 shares of the company’s stock valued at $85,776,000 after purchasing an additional 130,529 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of Concentrix by 3.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,544,997 shares of the company’s stock valued at $81,661,000 after buying an additional 46,856 shares during the period. 90.34% of the stock is owned by institutional investors and hedge funds.

Concentrix Trading Up 12.4%

The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -1.29, a P/E/G ratio of 0.26 and a beta of 0.50. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.40 and a current ratio of 1.18. The business has a fifty day moving average price of $34.72 and a 200 day moving average price of $40.14.

About Concentrix

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.