Wall Street Zen Downgrades Concentrix (NASDAQ:CNXC) to Hold

Concentrix (NASDAQ:CNXC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

CNXC has been the subject of several other research reports. Weiss Ratings lowered shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, January 29th. Barrington Research dropped their target price on shares of Concentrix from $62.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday. Robert W. Baird cut their target price on shares of Concentrix from $52.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Canaccord Genuity Group reduced their price target on shares of Concentrix from $80.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.50.

Concentrix Stock Down 4.7%

CNXC opened at $26.42 on Friday. The company has a fifty day moving average of $34.38 and a two-hundred day moving average of $39.96. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -1.23, a PEG ratio of 0.35 and a beta of 0.50. Concentrix has a fifty-two week low of $24.27 and a fifty-two week high of $64.74. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.40 and a current ratio of 1.18.

Concentrix (NASDAQ:CNXC) last posted its earnings results on Tuesday, March 24th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.04). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Concentrix had a negative net margin of 13.35% and a positive return on equity of 17.80%. Concentrix’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $2.79 earnings per share. On average, research analysts expect that Concentrix will post 10.11 earnings per share for the current year.

Insider Transactions at Concentrix

In other news, CEO Christopher A. Caldwell purchased 1,000 shares of Concentrix stock in a transaction dated Thursday, January 29th. The shares were purchased at an average price of $37.07 per share, with a total value of $37,070.00. Following the transaction, the chief executive officer owned 362,075 shares in the company, valued at $13,422,120.25. This represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Trading of Concentrix

Hedge funds and other institutional investors have recently modified their holdings of the business. Hussman Strategic Advisors Inc. purchased a new stake in Concentrix during the 3rd quarter worth approximately $1,938,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Concentrix in the third quarter valued at $9,627,000. Capital Management Corp VA boosted its holdings in Concentrix by 45.0% in the third quarter. Capital Management Corp VA now owns 472,681 shares of the company’s stock valued at $21,814,000 after purchasing an additional 146,688 shares during the period. Natixis purchased a new position in Concentrix in the second quarter valued at $1,872,000. Finally, Nordea Investment Management AB grew its stake in Concentrix by 34.1% during the 3rd quarter. Nordea Investment Management AB now owns 93,062 shares of the company’s stock worth $4,323,000 after purchasing an additional 23,657 shares in the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Concentrix News Summary

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Management emphasized AI-led growth opportunities on the Q1 earnings call and highlighted strategic initiatives that could boost margins over time. Concentrix Earnings Call Highlights AI-Led Growth
• Neutral Sentiment: Q1 revenue came in roughly in line or slightly above expectations and grew year-over-year, showing demand resilience even as profitability disappointed; the full earnings-call transcript is available for detail on guidance and cost actions. Concentrix Q1 2026 earnings call transcript
• Neutral Sentiment: Several market roundups listed CNXC among stocks trading down after the print, reflecting broad market reaction rather than company-specific news only. Driven Brands, Cogent, Concentrix, Arlo Technologies, and Planet Labs Stocks Trade Down
• Negative Sentiment: CNXC missed on EPS (market coverage highlights a sizable EPS miss in headlines), which is the primary driver of the selloff as investors punish the near-term profitability miss. Concentrix Corporation Just Missed EPS By 63%
• Negative Sentiment: Multiple brokerages lowered expectations and issued pessimistic forecasts/price-target cuts following the quarter (Barrington Research, Robert W. Baird, Canaccord Genuity), increasing sell-side pressure. Barrington Research Has Lowered Expectations for Concentrix
• Negative Sentiment: Coverage pieces report shares falling and CNXC hitting a new one-year low after the earnings miss, a sign of quantitatively increased downside interest and weaker near-term sentiment. Concentrix Sets New 1-Year Low After Earnings Miss
• Negative Sentiment: News outlets summarized the stock decline as “disappointing earnings” with shares down several percent, reinforcing the negative momentum. Shares Down on Disappointing Earnings

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.