NASDAQ:TECDTech Data Stock Price, Forecast & News

Tech Data's stock was trading at $138.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. 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) released its earnings results on Thursday, May, 28th. The company reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.38 by $0.84. The business had revenue of $8.18 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 EPS. View Tech Data's earnings history.

Tech Data declared that its board has initiated a share buyback plan on Tuesday, October 2nd 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

3 Wall Street analysts have issued 12 month target prices 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 twelve months. 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 somewhat negative on Friday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tech Data earned a news sentiment score of -1.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Tech Data.

Tech Data saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,270,000 shares, a decrease of 5.9% from the May 31st total of 1,350,000 shares. Based on an average daily trading volume, of 709,300 shares, the short-interest ratio is currently 1.8 days. Currently, 3.6% of the company's shares 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]