NasdaqGS:PLXSElectronic
Plexus (PLXS) Stock After Strong Earnings Update Is The Valuation Getting Ahead Of Itself
What Plexus’s latest earnings and credit move could mean for the stock
Plexus (PLXS) has been on investors’ radar after reporting first quarter revenue of $1.16b, an 18.7% year over year increase, along with next quarter guidance that exceeded market expectations.
In addition to that earnings momentum, the company recently entered a Second Amended and Restated Credit Agreement that provides a revolving credit facility of up to $500 million, with potential expansion to $750 million.
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