Sanmina (SANM) Surges 22.7%: Is This an Indication of Further Gains?

Company Overview - Sanmina (SANM) shares increased by 22.7% in the last trading session, closing at $140, with significantly higher trading volume compared to normal sessions. This follows a 5.7% decline over the past four weeks [1] - The company provides end-to-end solutions through a vertically integrated manufacturing process, managing all components in-house from initial phases to final products, which enhances operational flexibility and responsiveness [2] Growth Strategy - Sanmina focuses on expanding into high-growth industries, leveraging its strong global network and deep expertise in advanced electronics manufacturing. Building strong customer relationships through high-level service is a key strategy for commercial expansion [3] Financial Performance Expectations - The company is projected to report quarterly earnings of $1.57 per share, reflecting a year-over-year increase of 9.8%. Expected revenues are $2.05 billion, up 1.6% from the same quarter last year [4] - The consensus EPS estimate for Sanmina has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] Industry Context - Sanmina operates within the Zacks Electronics - Manufacturing Services industry, where Plexus (PLXS), another company in the same sector, closed 2.5% higher at $148.85, with a 4.5% return over the past month [5]