CNXC
Concentrix Corporation

Concentrix CorporationCNXC

Technology · Information Technology Services
30.32USD
-2.54%
Nov 08, 2026
CNXC overview ready
Global Operator of AI-Enabled Customer Experience and Digital Operations
Concentrix is a global CX technology-and-services operator that designs, implements, and runs customer-engagement and digital-operations programs.
Primary theme is leading
IT Services & Consulting is leading (+24.8pp vs SPY over 21 sessions; 12 of 12 members ahead of SPY).
Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
High leverage and associated interest costs.
Market Nov 6Filing Aug 31Price action Nov 7Research Oct 23

Conviction Level

PriceAction8.6BusinessPerformance2.0BusinessQuality5.5Valuation3.5ThemeMomentum9.0Weakening — Revenue is roughly flat year over year (-1.2%). Earnings turned negative: a diluted loss of -$16.24 against EPS of $1.34 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+24.8pp
Theme return
+19.8%
Beating SPY
12 of 12
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$1.9B
Avg Volume (60D)
1.6M
60 sessions
Revenue Growth YoY
+2.2%
FY2025 vs FY2024
Gross Margin
+34.1%
Trailing twelve months
Operating Margin
-20.9%
Trailing twelve months
Free Cash Flow Yield
+31.0%
Distance from 200DMA
+10.3%
Next Earnings
2027-01-13
P/E
N/M
EV / Sales
0.6x
Market metrics as of Nov 6, 2026
Financial results for the period ended Aug 31, 2026
Filed balance-sheet data as of Aug 31, 2026

Business Performance

Weakening

Revenue is roughly flat year over year (-1.2%). Earnings turned negative: a diluted loss of -$16.24 against EPS of $1.34 a year earlier.

Latest reported: Q3 FY2026, ended Aug 31
Revenue growthFlat
-1.2%
$2.45B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +4.3%
  2. +5.4%
  3. +1.9%
  4. -1.2%
Earnings growthTurned to a loss
-$16.24
Diluted EPS -$16.24 vs $1.34 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. -68%
  3. +37%
  4. n/a
Operating marginContracting
-37.1%
-43.0 pp YoY · gross margin 34.6% (+0.2 pp)

Business Quality

5.5 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap. The published stance is held at fair because operating losses behind the low multiple.
Concentrix Corporation has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced. It trades at 0.6x revenue, broadly in line with what the business currently supports.

Company Research

Thesis
Concentrix is a global CX technology-and-services operator that designs, implements, and runs customer-engagement and digital-operations programs. Its current offering spans CX and UX design, customer service, sales, marketing, trust and safety, compliance, analytics, automation, and GenAI/agentic-AI self-service and advisor-assist tools.
Opportunity
Moderate opportunity
Enterprise spending to deploy generative and agentic AI across customer service, sales support, trust-and-safety, collections, and other high-volume customer operations, combining automated self-service with AI-augmented human agents.
Key risk
High leverage and associated interest costs.

Economic classification

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Business & Markets

Technology · Information Technology Services
What they do

Concentrix Corporation designs, implements, and operates integrated customer experience solutions globally, combining technology, analytics, and process optimization to improve client customer engagement and business transformation.

How it earns

The company generates revenue primarily through service contracts that are transactional and project-based, including ongoing managed services and technology-enabled customer operations.

Products & services
Customer experience (CX) process optimization
Front- and back-office automation
CX and user experience (UX) design
Data analytics and business transformation services
Generative AI and agentic AI self-service and advisor-assist tools
Customers & end markets
Technology and consumer electronics companies
Retail, travel, and e-commerce businesses
Communications and media firms
Banking, financial services, and insurance providers
Healthcare organizations
Market position

Leader in global customer experience technology and services with broad industry coverage and integrated AI capabilities.

Demand drivers
Medium cyclicality

Demand is influenced by enterprise IT and outsourcing budgets, which can fluctuate with economic cycles and client spending priorities.

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