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Based in Saint Petersburg, Florida, Jabil Inc. (JBL) provides manufacturing services and solutions worldwide. Valued at a market cap of $12.3 billion, the company operates in two segments: Electronics Manufacturing Services and Diversified Manufacturing Services, with Apple and Cisco being a few of its largest customers.
Shares of this electronics manufacturer have significantly underperformed the broader market over the past 52 weeks. JBL has gained 5.6% over this time frame, while the broader S&P 500 Index ($SPX) has soared 27.8%. In 2024, shares of JBL declined 14.8%, compared to SPX’s 17.8% gain on a YTD basis.
