Molex (MOLX - Analyst Report) is a leading supplier of electronic and electrical components. The company's third quarter earnings solidly beat the Zacks Consensus, and forward guidance was also encouraging, driven by the broad-based market recovery.We see momentum in Molex's business, with many growth opportunities across multiple markets. The new products strategy, restructuring actions, end market and geographic diversification, as well as the strong balance sheet are other positives.
The past year has been challenging and there are some issues with respect to higher taxes, but we remain positive about Molex's prospects going forward. Consequently, we are reiterating our Outperform rating on MOLX shares.
Molex, Inc. (MOLX) : FULL ANALYST REPORT
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