NASDAQ:TECDTech Data Stock Price, Forecast & News

Tech Data's stock was trading at $138.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TECD shares have increased by 4.7% and is now trading at $144.90. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tech Data in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Tech Data.

Tech Data is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Tech Data.

Tech Data Corp (NASDAQ:TECD) announced its earnings results on Thursday, May, 28th. The company reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.84. The company earned $8.18 billion during the quarter, compared to analyst estimates of $7.70 billion. Tech Data had a return on equity of 15.32% and a net margin of 1.00%. The business's revenue was down 2.8% on a year-over-year basis. During the same period last year, the company posted $2.04 EPS. View Tech Data's earnings history.

Tech Data declared that its board has approved a stock repurchase plan on Tuesday, October 2nd 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 7.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

3 Wall Street analysts have issued 1 year price objectives for Tech Data's shares. Their forecasts range from $100.00 to $150.00. On average, they expect Tech Data's share price to reach $131.67 in the next year. This suggests that the stock has a possible downside of 9.1%. View analysts' price targets for Tech Data.

Press coverage about TECD stock has trended negative this week, according to InfoTrie. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tech Data earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Tech Data.

Tech Data saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,490,000 shares, an increase of 17.3% from the June 15th total of 1,270,000 shares. Based on an average daily trading volume, of 621,200 shares, the short-interest ratio is currently 2.4 days. Approximately 4.2% of the shares of the company are short sold. View Tech Data's Current Options Chain.

Some companies that are related to Tech Data include SYNNEX (SNX), Arrow Electronics (ARW), Anixter International (AXE), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tech Data investors own include AbbVie (ABBV), NVIDIA (NVDA), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), Walt Disney (DIS), Micron Technology (MU), AT&T (T), Advanced Micro Devices (AMD), CVS Health (CVS) and Bank of America (BAC).

Tech Data trades on the NASDAQ under the ticker symbol "TECD."

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, Robinhood, Fidelity, and Charles Schwab.

One share of TECD stock can currently be purchased for approximately $144.90.

Tech Data has a market capitalization of $5.17 billion and generates $37.00 billion in revenue each year. The company earns $374.50 million in net income (profit) each year or $12.58 on an earnings per share basis. Tech Data employs 15,000 workers across the globe.

The official website for Tech Data is www.techdata.com.

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]