NYSE:SNX - SYNNEX Stock Price, News, & Analysis

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$74.36 -2.08 (-2.72 %)
(As of 11/20/2018 10:12 AM ET)
Previous Close$76.44
Today's Range$74.36 - $76.19
52-Week Range$72.83 - $141.94
Volume52,968 shs
Average Volume444,063 shs
Market Capitalization$4.03 billion
P/E Ratio8.39
Dividend Yield1.78%
Beta0.83
SYNNEX Corporation provides business process services in North and South America, the Asia-Pacific, Europe, and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/security equipment; consumer electronics; and complementary products. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that include outsourced fulfillment, virtual distribution, and direct ship to end-users; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, this segment offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and Web-based marketing. This segment serves resellers, system integrators, and retailers. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services focused on customer engagement strategy, process optimization, technology innovation, front and back-office automation, and business transformation services. This segment serves clients in various industry verticals, including automotive, banking and financial services, consumer electronics, energy and public sector, healthcare, insurance, media and communications, retail and e-commerce, and technology, as well as travel, transportation, and tourism. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
SectorComputer and Technology
Current SymbolNYSE:SNX
Previous Symbol
CUSIP87162W10
Phone510-656-3333

Debt

Debt-to-Equity Ratio0.47
Current Ratio1.51
Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio8.39
Forward P/E Ratio7.35
P/E GrowthN/A

Sales & Book Value

Annual Sales$17.05 billion
Price / Sales0.22
Cash Flow$12.1902 per share
Price / Cash6.10
Book Value$57.14 per share
Price / Book1.30

Profitability

EPS (Most Recent Fiscal Year)$8.86
Net Income$301.17 million
Net Margins1.41%
Return on Equity17.16%
Return on Assets5.33%

Miscellaneous

Employees113,600
Outstanding Shares51,160,000
Market Cap$4.03 billion
OptionableOptionable

SYNNEX (NYSE:SNX) Frequently Asked Questions

What is SYNNEX's stock symbol?

SYNNEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNX."

How often does SYNNEX pay dividends? What is the dividend yield for SYNNEX?

SYNNEX declared a quarterly dividend on Wednesday, September 26th. Shareholders of record on Friday, October 12th will be paid a dividend of $0.35 per share on Friday, October 26th. This represents a $1.40 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 11th. View SYNNEX's Dividend History.

How will SYNNEX's stock buyback program work?

SYNNEX announced that its board has authorized a share buyback program on Friday, June 23rd 2017, which authorizes the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) released its earnings results on Wednesday, October, 3rd. The business services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.46 by $0.11. The business services provider had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.88 billion. SYNNEX had a return on equity of 17.16% and a net margin of 1.41%. The company's revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. View SYNNEX's Earnings History.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release their next quarterly earnings announcement on Tuesday, January 8th 2019. View Earnings Estimates for SYNNEX.

What guidance has SYNNEX issued on next quarter's earnings?

SYNNEX issued an update on its fourth quarter earnings guidance on Wednesday, October, 3rd. The company provided earnings per share guidance of $2.90-$3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.07. The company issued revenue guidance of $5.2-$5.4 billion, compared to the consensus revenue estimate of $5.36 billion.

What price target have analysts set for SNX?

7 brokers have issued twelve-month price targets for SYNNEX's stock. Their forecasts range from $100.00 to $160.00. On average, they expect SYNNEX's share price to reach $131.50 in the next twelve months. This suggests a possible upside of 72.0% from the stock's current price. View Analyst Price Targets for SYNNEX.

What is the consensus analysts' recommendation for SYNNEX?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYNNEX in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SYNNEX.

Has SYNNEX been receiving favorable news coverage?

News articles about SNX stock have trended positive on Tuesday, InfoTrie reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. SYNNEX earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future.

Who are some of SYNNEX's key competitors?

Who are SYNNEX's key executives?

SYNNEX's management team includes the folowing people:
  • Mr. Dennis Polk, Pres, CEO & Director (Age 51)
  • Mr. Marshall W. Witt, CFO & Principal Accounting Officer (Age 52)
  • Mr. Christopher Caldwell, Exec. Vice-Pres (Age 45)
  • Mr. Peter Larocque, Pres of North American Technology Solutions (Age 56)
  • Mr. Mike Vaishnav, Sr. VP of Corp. Fin. & Treasurer

Who are SYNNEX's major shareholders?

SYNNEX's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (11.62%), BlackRock Inc. (7.38%), Dimensional Fund Advisors LP (3.47%), AQR Capital Management LLC (1.61%), Prudential Financial Inc. (0.74%) and Allianz Asset Management GmbH (0.67%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Dennis Polk, Duane E Zitzner, Dwight Steffensen, Fred A Breidenbach, Kevin M Murai, Marshall Witt, Matthew Miau, Peter Larocque, Simon Leung, Star Developments Ltd Silver and Thomas S Wurster. View Institutional Ownership Trends for SYNNEX.

Which major investors are selling SYNNEX stock?

SNX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, James Investment Research Inc., Hsbc Holdings PLC, SG Americas Securities LLC, Crestline Management LP, Wells Fargo & Company MN, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have sold SYNNEX company stock in the last year include Andrea M Zulberti, Dennis Polk, Dwight Steffensen, Kevin M Murai, Marshall Witt, Matthew Miau, Peter Larocque, Simon Leung, Star Developments Ltd Silver and Thomas S Wurster. View Insider Buying and Selling for SYNNEX.

Which major investors are buying SYNNEX stock?

SNX stock was bought by a variety of institutional investors in the last quarter, including Copeland Capital Management LLC, BlackRock Inc., FMR LLC, Russell Investments Group Ltd., First Quadrant L P CA, Prudential Financial Inc., Stevens Capital Management LP and Man Group plc. Company insiders that have bought SYNNEX stock in the last two years include Matthew Miau and Star Developments Ltd Silver. View Insider Buying and Selling for SYNNEX.

How do I buy shares of SYNNEX?

Shares of SNX 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, Scottrade, Fidelity and Charles Schwab.

What is SYNNEX's stock price today?

One share of SNX stock can currently be purchased for approximately $76.44.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $4.03 billion and generates $17.05 billion in revenue each year. The business services provider earns $301.17 million in net income (profit) each year or $8.86 on an earnings per share basis. SYNNEX employs 113,600 workers across the globe.

What is SYNNEX's official website?

The official website for SYNNEX is http://www.synnex.com.

How can I contact SYNNEX?

SYNNEX's mailing address is 44201 NOBEL DRIVE, FREMONT CA, 94538. The business services provider can be reached via phone at 510-656-3333 or via email at [email protected]


MarketBeat Community Rating for SYNNEX (NYSE SNX)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  423 (Vote Outperform)
Underperform Votes:  487 (Vote Underperform)
Total Votes:  910
MarketBeat's community ratings are surveys of what our community members think about SYNNEX and other stocks. Vote "Outperform" if you believe SNX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SNX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/20/2018 by MarketBeat.com Staff

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