Tech Data Corporation operates as an IT distribution and solutions company. The company offers endpoint portfolio solutions, including personal computer systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics. It also provides advanced portfolio solutions, such as data center technologies comprising storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions. The company serves value-added resellers, direct marketers, retailers, corporate resellers, and managed service providers. It sells its products to customers in approximately 100 countries in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific region. The company was founded in 1974 and is headquartered in Clearwater, Florida.
Industry, Sector and Symbol
Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
SectorRetail/Wholesale
Phone727-539-7429
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$37.24 billion
Profitability
Miscellaneous
Employees14,000
Next Earnings Date5/30/2019 (Estimated)
OptionableOptionable
Tech Data (NASDAQ:TECD) Frequently Asked Questions
What is Tech Data's stock symbol?
Tech Data trades on the NASDAQ under the ticker symbol "TECD."
How will Tech Data's stock buyback program work?
Tech Data announced that its board has approved a stock repurchase program on Tuesday, October 2nd 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 7.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
How were Tech Data's earnings last quarter?
Tech Data Corp (NASDAQ:TECD) announced its quarterly earnings results on Thursday, March, 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.52. The business had revenue of $10.47 billion for the quarter, compared to analyst estimates of $10.63 billion. Tech Data had a net margin of 0.91% and a return on equity of 15.17%. Tech Data's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $3.50 earnings per share. View Tech Data's Earnings History.
When is Tech Data's next earnings date?
What guidance has Tech Data issued on next quarter's earnings?
Tech Data issued an update on its first quarter earnings guidance on Thursday, March, 7th. The company provided earnings per share guidance of $1.80-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.04. The company issued revenue guidance of $8.3-8.6 billion, compared to the consensus revenue estimate of $8.69 billion.Tech Data also updated its Q1 2020 guidance to $1.80-2.10 EPS.
What price target have analysts set for TECD?
5 brokers have issued 1 year target prices for Tech Data's stock. Their predictions range from $80.00 to $110.00. On average, they expect Tech Data's stock price to reach $97.00 in the next twelve months. This suggests that the stock has a possible downside of 8.4%. View Analyst Price Targets for Tech Data.
What is the consensus analysts' recommendation for Tech Data?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tech Data in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tech Data.
Has Tech Data been receiving favorable news coverage?
Media headlines about TECD stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tech Data earned a coverage optimism score of -1.5 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.
Who are some of Tech Data's key competitors?
What other stocks do shareholders of Tech Data own?
Who are Tech Data's key executives?
Tech Data's management team includes the folowing people:
- Mr. Robert M. Dutkowsky, Exec. Chairman (Age 64)
- Mr. Richard T. Hume, CEO & Director (Age 59)
- Mr. Charles V. Dannewitz, Exec. VP & CFO (Age 64)
- Mr. David R. Vetter, Exec. VP & Chief Legal Officer (Age 59)
- Mr. Patrick Zammit, Pres of Europe (Age 52)
Who are Tech Data's major shareholders?
Tech Data's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BTIM Corp. (0.79%), Peregrine Capital Management LLC (0.50%), Foundry Partners LLC (0.46%), Los Angeles Capital Management & Equity Research Inc. (0.30%), Meritage Portfolio Management (0.16%) and Retirement Systems of Alabama (0.13%). Company insiders that own Tech Data stock include Alain Amsellem, Beth E Simonetti, Charles E Adair, Charles V Dannewitz, David R Vetter, Harry J Harczak, Jr, John A Tonnison, Joseph H Quaglia, Michael Rabinovitch, Patrick Zammit, Richard T Hume and Robert M Dutkowsky. View Institutional Ownership Trends for Tech Data.
Which major investors are selling Tech Data stock?
TECD stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Horrell Capital Management Inc., Virtu Financial LLC, Bailard Inc., First Quadrant L P CA, Country Club Trust Company n.a., Redmond Asset Management LLC and Strs Ohio. Company insiders that have sold Tech Data company stock in the last year include Beth E Simonetti, Charles E Adair, Charles V Dannewitz, David R Vetter, John A Tonnison, Joseph H Quaglia, Michael Rabinovitch, Patrick Zammit and Robert M Dutkowsky. View Insider Buying and Selling for Tech Data.
Which major investors are buying Tech Data stock?
TECD stock was acquired by a variety of institutional investors in the last quarter, including Meritage Portfolio Management, Foundry Partners LLC, Polianta Ltd, BNP Paribas Arbitrage SA, Los Angeles Capital Management & Equity Research Inc., Ledyard National Bank, Calamos Advisors LLC and BTIM Corp.. View Insider Buying and Selling for Tech Data.
How do I buy shares of Tech Data?
Shares of TECD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tech Data's stock price today?
One share of TECD stock can currently be purchased for approximately $105.94.
How big of a company is Tech Data?
Tech Data has a market capitalization of $3.91 billion and generates $37.24 billion in revenue each year. The company earns $340.58 million in net income (profit) each year or $11.38 on an earnings per share basis. Tech Data employs 14,000 workers across the globe.
What is Tech Data's official website?
How can I contact Tech Data?
Tech Data's mailing address is 5350 TECH DATA DRIVE, CLEARWATER FL, 33760. The company can be reached via phone at 727-539-7429 or via email at [email protected]
MarketBeat Community Rating for Tech Data (NASDAQ TECD)
MarketBeat's community ratings are surveys of what our community members think about Tech Data and other stocks. Vote "Outperform" if you believe TECD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TECD will underperform the S&P 500 over the long term. You may vote once every thirty days.
