NASDAQ:TECD - Tech 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 decreased by 7.4% and is now trading at $128.16. View which stocks have been mosted impacted by Coronavirus.

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

Tech Data is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Tech Data.

Tech Data Corp (NASDAQ:TECD) released its quarterly earnings results on Thursday, March, 5th. The company reported $4.88 earnings per share for the quarter, beating the Zacks' consensus estimate of $4.82 by $0.06. The firm earned $10.38 billion during the quarter, compared to the consensus estimate of $10.38 billion. Tech Data had a net margin of 1.01% and a return on equity of 15.43%. The company's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.55 earnings per share. View Tech Data's earnings history.

Tech Data announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 2nd 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

4 equities research analysts have issued 1 year target prices for Tech Data's stock. Their forecasts range from $100.00 to $150.00. On average, they expect Tech Data's share price to reach $125.00 in the next twelve months. This suggests that the stock has a possible downside of 2.5%. View analysts' price targets for Tech Data.

Media coverage about TECD stock has trended very negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by reviewing 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 coverage optimism score of -3.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutTech Data.

Tech Data saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,779,200 shares, an increase of 136.6% from the February 27th total of 752,000 shares. Based on an average daily volume of 1,118,300 shares, the short-interest ratio is currently 1.6 days. Approximately 5.1% of the company's shares are short sold. View Tech Data's Current Options Chain.

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

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), AT&T (T), Micron Technology (MU), CVS Health (CVS), Walt Disney (DIS), QUALCOMM (QCOM) and Starbucks (SBUX).

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 $128.16.

Tech Data has a market capitalization of $4.55 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. View additional information about Tech Data.

The official website for Tech Data is http://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]