NYSE:ARWArrow Electronics Stock Price, Forecast & News

Arrow Electronics' stock was trading at $58.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ARW shares have increased by 24.7% and is now trading at $72.54.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Arrow Electronics is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Arrow Electronics, Inc. (NYSE:ARW) released its quarterly earnings results on Thursday, July, 30th. The technology company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.14. The technology company had revenue of $6.61 billion for the quarter, compared to analysts' expectations of $6.38 billion. Arrow Electronics had a return on equity of 11.39% and a net margin of 1.41%. Arrow Electronics's quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 EPS.
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Arrow Electronics announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 12th 2018, which permits the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Arrow Electronics issued an update on its third quarter earnings guidance on Thursday, July, 30th. The company provided earnings per share guidance of $1.54-1.70 for the period, compared to the Thomson Reuters consensus estimate of $1.45. The company issued revenue guidance of $6.325-6.925 billion, compared to the consensus revenue estimate of $6.50 billion.

7 equities research analysts have issued twelve-month target prices for Arrow Electronics' stock. Their forecasts range from $65.00 to $87.00. On average, they anticipate Arrow Electronics' stock price to reach $72.86 in the next twelve months. This suggests a possible upside of 0.4% from the stock's current price.
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Media stories about ARW stock have trended somewhat positive on Monday, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring 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 five, with scores nearest to five being the most favorable. Arrow Electronics earned a media sentiment score of 1.6 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
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Arrow Electronics saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,830,000 shares, an increase of 20.4% from the June 15th total of 1,520,000 shares. Based on an average trading volume of 707,900 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.3% of the shares of the company are short sold.
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Some companies that are related to Arrow Electronics include SYNNEX (SNX), Tech Data (TECD), Anixter International (AXE), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Arrow Electronics investors own include Intel (INTC), Gilead Sciences (GILD), Alibaba Group (BABA), Bank of America (BAC), IBM (IBM), Micron Technology (MU), NVIDIA (NVDA), UnitedHealth Group (UNH), Applied Materials (AMAT) and Walt Disney (DIS).

Arrow Electronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARW."

Arrow Electronics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (2.58%), Robeco Institutional Asset Management B.V. (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.55%), Pzena Investment Management LLC (0.39%), PGGM Investments (0.33%) and Speece Thorson Capital Group Inc. (0.23%). Company insiders that own Arrow Electronics stock include Andrew Charles Kerin, Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Gretchen Zech, Mary Catherine Morris, Michael J Long, Sean J Kerins and Vincent P Melvin.
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ARW stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, FDx Advisors Inc., Sumitomo Mitsui Trust Holdings Inc., Pzena Investment Management LLC, Denali Advisors LLC, Raymond James & Associates, Stone Ridge Asset Management LLC, and Mackay Shields LLC. Company insiders that have sold Arrow Electronics company stock in the last year include Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Gretchen Zech, Mary Catherine Morris, Michael J Long, and Vincent P Melvin.
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ARW stock was bought by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., PGGM Investments, Comerica Bank, Railway Pension Investments Ltd, Dupont Capital Management Corp, Lapides Asset Management LLC, Assenagon Asset Management S.A., and Pacer Advisors Inc..
View insider buying and selling activity for Arrow Electronics.

Shares of ARW 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 ARW stock can currently be purchased for approximately $72.54.

Arrow Electronics has a market capitalization of $5.72 billion and generates $28.92 billion in revenue each year. The technology company earns $-204,090,000.00 in net income (profit) each year or $7.55 on an earnings per share basis. Arrow Electronics employs 19,300 workers across the globe.

The official website for Arrow Electronics is www.arrow.com.

Arrow Electronics' mailing address is 9201 East Dry Creek Road, Centennial CO, 80112. The technology company can be reached via phone at 303-824-4000 or via email at [email protected]