From a fundamental viewpoint, the company seems undervalued relatively to its peers with a EV/Sales of 0.54.
Despite, in the recent months, the revenues estimates for the next year and earning for 2015 are regularly revised upward by analysts.
Technically speaking, the stock is back on a very important support in daily data (USD 39.1) which has stopped all the bearish movement for more than 6 months. Moreover, weekly moving averages still well-oriented.
This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 41.4 resistance.
Considering technical and fundamental elements, it seems to be an appropriate timing to immediately open a long position in Plexus in order to benefit from the USD 39.1 support area. A first target price will be the USD 41.4 resistance, ie a potential of around 6%. A stop loss order will be placed under the mid-term support currently tested.
Plexus Corp. is specialized in providing design and development, supply chain solutions, new product introduction, manufacturing, and sustaining services. The Company offers solutions to industrial, healthcare/life sciences and aerospace/defense market sectors by comprehensive solutions throughout the products lifecycle. Its segments include Americas (AMER), Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions. Its design and development services include user-centered design (UCD), mechanical engineering, electrical engineering, quality, and compliance engineering, project management, and software engineering. Its supply chain services include design for supply chain, supply chain risk management, actionable analytics, innovative sourcing, and others. Its new product introduction includes test engineering, rapid prototyping, and transition management. Its sustaining services include aftermarket services, product lifecycle extension, and distribution management.
PLEXUS CORP. 
