Concentrix offers a striking valuation discount at a forward price-to-earnings of 2.0x with 33.9% upside to the analyst consensus target and a risk/reward of roughly 4.8 to 1, but a confirmed death cross, a moving average slope declining at 9.3% over 30 days, business quality of 2.6 below the minimum threshold, and a 20% short interest indicate the market is pricing in ongoing fundamental deterioration rather than a temporary dislocation.
Thesis pillars
- Deep Value Discount Substantial Upside↑Improving
- Quality Below Minimum Threshold→Stable
- Confirmed Downtrend Death Cross↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Jan 28, 2026
Concentrix Corporation (CNXC) Stock Analysis
Breakout setup · Inst Constrain edge
Technology · Information Technology Services
Sell if holding. Engine safety override at $30.34: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10. Specifically: High short interest: 17%; Elevated put/call ratio: 1.40; Below-average business quality.
Concentrix provides customer experience outsourcing and digital operations services to more than 2,000 clients across 74 countries from approximately 483 locations with about 455,000 employees. Revenue reached $9.8 billion in FY2025 through multi-year contracts with Fortune... Read more
Sell if holding. Engine safety override at $30.34: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10. Specifically: High short interest: 17%; Elevated put/call ratio: 1.40; Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 68, MACD bullish. Score 4.8/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, earnings proximity 75d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Concentrix Corporation
About Concentrix Corporation
Concentrix serves more than 2,000 clients in 74 countries from 483 locations staffed by approximately 455,000 employees, generating $9.8 billion in revenue in FY2025—up from $1.1 billion in FY2014. The client base includes more than 160 Fortune Global 500 brands spanning technology, retail, banking, and healthcare. The top 30 clients average 16 years of tenure, while the top five collectively represented 19% of revenue.
Concentrix earns revenue through long-term service contracts—often with termination-for-convenience clauses—covering customer support, digital sales, data analytics, and business process outsourcing. Clients are billed on a per-transaction or per-seat basis, and contracts may include performance bonuses or penalties tied to customer-satisfaction metrics, though these account for less than 1% of annual revenue in aggregate. The cost structure is heavily weighted toward labor: 455,000 employees deliver services across six continents in the languages and dialects relevant to each client. Beginning in FY2024, the company invested roughly 1% of revenue in technology including the iX suite—iX Hello (a generative AI virtual assistant platform) and iX Hero (an agentic AI coaching application for customer service advisors). The company has completed more than 20 acquisitions since inception, including the Webhelp combination in September 2023 that expanded European and African presence and the SAI Digital acquisition in September 2025 that deepened Asia-Pacific digital commerce capability.
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Customer concentration risk is moderate in absolute terms but structurally load-bearing: the five largest clients represent 19% of revenue, and 19% of the accounts receivable balance at November 30, 2025 was attributable to just five clients. Each contract may be terminated with limited notice for any reason. A significant portion of delivery operations resides in the Philippines, India, Egypt, Brazil, and Colombia—geographies the 10-K flags as exposed to natural disasters, political unrest, and typhoons—creating an operational exposure that customer termination risk alone does not capture and that could simultaneously affect multiple large-client delivery contracts.
See also: Technology · Information Technology Services
From Concentrix Corporation's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-10-30Recent Developments — Concentrix Corporation
Latest news
- NEWS Concentrix Earns Everest Group Recognition in Four Business-Critical Areas — fiscal.ai Oct 29, 2026 positive
- NEWS Concentrix Announces AI-Powered Live Voice Translation — fiscal.ai Oct 27, 2026 positive
- NEWS Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks Delivering High-Dividend Yields — benzinga Oct 26, 2026 neutral
- NEWS Law Firms Initiate Investigations into Concentrix Corporation — fiscal.ai Oct 25, 2026 negative
- NEWS Hasbro Posts Upbeat Q3 Earnings, Joins Myriad Genetics, Equifax And Other Big Stocks Moving Higher On Tuesday — benzinga Oct 20, 2026 positive
Generated 2026-10-30T11:27:56Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomertop-5 clients19%10-K Item 1A: 'Our five largest clients collectively represented approximately 19% of our revenue in fiscal year 2025.'
Material Events(8-K, last 90d)
- 2026-05-01Item 5.02LOWDirector Bilge Ogut resigned from the Board effective immediately on April 29, 2026, after GBL's beneficial ownership of CNXC common stock fell below the Board Nomination Threshold per the Investor Rights Agreement. No disagreement with company cited.SEC filing →
- 2026-03-27Item 5.02LOWStockholders approved an amendment to the 2020 Stock Incentive Plan at the March 25, 2026 Annual Meeting, increasing shares available for issuance by 3,700,000. Routine compensatory arrangement; no officer departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
4 floor-breakers
Revenue shrinking — -1.2% YoY. Growth thesis broken unless recovery story develops.static
Unprofitable operations — net margin -24.0%. Quality floor flags this regardless of sector context.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $30.34: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10. Specifically: High short interest: 17%; Elevated put/call ratio: 1.40; Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 68, MACD bullish. Prior stop was $28.22. Score 4.8/10, moderate confidence.
Analyst target $28.36 reached (−6.5% from $30.34); no take-profit level is published. Prior stop was $28.22. Stop-loss: $28.22.
Target reached (-6.5% upside); Quality below floor (2.5 < 4.0); Value-trap signals (3/5): Revenue declining (-9.2% YoY), Material insider selling (21 sells, 0.49% of cap), Negative free cash flow.
Concentrix Corporation trades at a P/E of N/A (forward 2.6). TrendMatrix value score: 8.5/10. Verdict: Sell.
12 analysts cover CNXC with a consensus score of 4.0/5. Average price target: $33.
What does Concentrix Corporation do?Concentrix provides customer experience outsourcing and digital operations services to more than 2,000 clients across...
Concentrix provides customer experience outsourcing and digital operations services to more than 2,000 clients across 74 countries from approximately 483 locations with about 455,000 employees. Revenue reached $9.8 billion in FY2025 through multi-year contracts with Fortune Global 500 brands across technology, retail, financial services, and healthcare. Average top-30 client tenure is 16 years.