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.
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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 Date12/5/2019 (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 authorized 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 purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were Tech Data's earnings last quarter?
Tech Data Corp (NASDAQ:TECD) announced its earnings results on Thursday, August, 29th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.33 by $0.36. The company had revenue of $9.09 billion for the quarter, compared to analyst estimates of $8.71 billion. Tech Data had a net margin of 0.98% and a return on equity of 15.96%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $2.01 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 third quarter earnings guidance on Thursday, August, 29th. The company provided EPS guidance of $2.85-3.15 for the period, compared to the Thomson Reuters consensus estimate of $2.87. The company issued revenue guidance of $9.2-9.5 billion, compared to the consensus revenue estimate of $9.25 billion.
What price target have analysts set for TECD?
5 Wall Street 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 stock price to reach $116.00 in the next twelve months. This suggests that the stock has a possible downside of 6.5%. 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 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tech Data.
Has Tech Data been receiving favorable news coverage?
Press coverage about TECD stock has been trending somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tech Data earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Tech Data.
Are investors shorting Tech Data?
Tech Data saw a drop in short interest in September. As of September 30th, there was short interest totalling 1,240,000 shares, a drop of 20.0% from the August 30th total of 1,550,000 shares. Based on an average daily trading volume, of 336,500 shares, the days-to-cover ratio is currently 3.7 days. Approximately 3.5% of the shares of the stock are sold short. View Tech Data's Current Options Chain.
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. Joseph H. Quaglia, Pres of the Americas (Age 54)
Who are Tech Data's major shareholders?
Tech Data's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.53%), Robeco Institutional Asset Management B.V. (0.41%), Hennessy Advisors Inc. (0.08%), Bowling Portfolio Management LLC (0.05%), Bailard Inc. (0.05%) and Assenagon Asset Management S.A. (0.05%). Company insiders that own Tech Data stock include 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, Robert M Dutkowsky and Thomas I Morgan. View Institutional Ownership Trends for Tech Data.
Which institutional investors are selling Tech Data stock?
TECD stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Bailard Inc., Pacer Advisors Inc., Hennessy Advisors Inc., Envestnet Asset Management Inc. and Crossmark Global Holdings Inc.. 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, Harry J Harczak Jr, John A Tonnison, Joseph H Quaglia, Michael Rabinovitch, Patrick Zammit, Robert M Dutkowsky and Thomas I Morgan. View Insider Buying and Selling for Tech Data.
Which institutional investors are buying Tech Data stock?
TECD stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Campbell & CO Investment Adviser LLC, State of Alaska Department of Revenue, Peregrine Capital Management LLC, Fox Run Management L.L.C., Bowling Portfolio Management LLC, Zurcher Kantonalbank Zurich Cantonalbank and Meeder Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.
What is Tech Data's stock price today?
One share of TECD stock can currently be purchased for approximately $124.03.
How big of a company is Tech Data?
Tech Data has a market capitalization of $4.42 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.View Additional Information About Tech Data.
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.
