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NYSE:SNX

SYNNEX Stock Forecast, Price & News

$145.38
-0.10 (-0.07 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$143.57
Now: $145.38
$146.92
50-Day Range
$122.80
MA: $137.34
$154.79
52-Week Range
$52.06
Now: $145.38
$156.36
Volume260,600 shs
Average Volume421,435 shs
Market Capitalization$7.49 billion
P/E Ratio15.35
Dividend YieldN/A
Beta1.51
SYNNEX Corporation provides business process services in the United States and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and 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; cloud services; 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 outsourcing services focused on customer experience, process optimization, technology innovation, front and back-office automation, and business transformation services. This segment serves clients in various industry verticals, including automotive; banking, financial services, and insurance; energy and public-sector; healthcare; media and communications; retail and e-commerce; technology and consumer electronics; and travel and transportation. 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.6Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars

Industry, Sector and Symbol

Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
CUSIP87162W10
Phone510-656-3333
Employees240,900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.76 billion
Cash Flow$20.14 per share
Book Value$79.42 per share

Profitability

Net Income$500.71 million

Miscellaneous

Market Cap$7.49 billion
Next Earnings Date1/14/2021 (Estimated)
OptionableOptionable
$145.38
-0.10 (-0.07 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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SYNNEX (NYSE:SNX) Frequently Asked Questions

How has SYNNEX's stock been impacted by COVID-19?

SYNNEX's stock was trading at $101.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SNX stock has increased by 43.9% and is now trading at $145.38.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of SYNNEX?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYNNEX in the last year. There are currently 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for SYNNEX
.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release its next quarterly earnings announcement on Thursday, January 14th 2021.
View our earnings forecast for SYNNEX
.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) posted its quarterly earnings data on Sunday, October, 4th. The business services provider reported $3.33 EPS for the quarter, topping the consensus estimate of $2.26 by $1.07. The business services provider had revenue of $6.47 billion for the quarter, compared to the consensus estimate of $5.70 billion. SYNNEX had a net margin of 2.06% and a return on equity of 16.78%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.30 EPS.
View SYNNEX's earnings history
.

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

SYNNEX announced a quarterly dividend on Friday, January 10th. Stockholders of record on Friday, January 24th will be given a dividend of $0.40 per share on Friday, January 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, January 23rd. This is an increase from SYNNEX's previous quarterly dividend of $0.38.
View SYNNEX's dividend history
.

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

SYNNEX updated its fourth quarter earnings guidance on Tuesday, September, 29th. The company provided EPS guidance of $3.68-$3.93 for the period, compared to the Thomson Reuters consensus estimate of $3.36. The company issued revenue guidance of $6.45-$6.65 billion, compared to the consensus revenue estimate of $6.04 billion.

What price target have analysts set for SNX?

6 brokerages have issued 12-month price objectives for SYNNEX's shares. Their forecasts range from $130.00 to $180.00. On average, they expect SYNNEX's share price to reach $159.67 in the next year. This suggests a possible upside of 9.8% from the stock's current price.
View analysts' price targets for SYNNEX
.

Are investors shorting SYNNEX?

SYNNEX saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,010,000 shares, an increase of 31.1% from the August 31st total of 770,400 shares. Based on an average trading volume of 389,300 shares, the short-interest ratio is currently 2.6 days. Approximately 2.4% of the company's shares are sold short.
View SYNNEX's Short Interest
.

Who are some of SYNNEX's key competitors?

What other stocks do shareholders of SYNNEX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SYNNEX investors own include NVIDIA (NVDA), The Walt Disney (DIS), Alibaba Group (BABA), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), QUALCOMM (QCOM), salesforce.com (CRM), UnitedHealth Group (UNH), AbbVie (ABBV) and Broadcom (AVGO).

Who are SYNNEX's key executives?

SYNNEX's management team includes the following people:
  • Mr. Dennis Polk, Pres, CEO & Director (Age 53, Pay $3.16M)
  • Mr. Marshall W. Witt, Chief Financial Officer (Age 54, Pay $1.12M)
  • Mr. Peter Larocque, Pres of North America Technology Solutions (Age 58, Pay $2.16M)
  • Mr. Christopher Caldwell, Exec. Vice-Pres (Age 47, Pay $1.94M)
  • Mr. Michael Urban, Pres of Worldwide Technology Solutions Distribution (Age 55, Pay $1.47M)
  • Mr. Mike Vaishnav, Sr. VP of Corp. Fin. & Treasurer
  • Mary Lai, Head of Investor Relations
  • Mr. Simon Y. Leung, Sr. VP, Gen. Counsel & Corp. Sec. (Age 54)
  • Mr. Scott Barker, Sr. VP of Wide Format Sales, Technology Solutions
  • Mr. Vikram Sinha, Corp. Controller & Investor Relations

What is SYNNEX's stock symbol?

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

Who are SYNNEX's major shareholders?

SYNNEX's stock is owned by many different retail and institutional investors. Top institutional shareholders include LSV Asset Management (1.30%), Paradigm Capital Management Inc. NY (0.19%), Hennessy Advisors Inc. (0.19%), Pacer Advisors Inc. (0.06%), James Investment Research Inc. (0.06%) and Nisa Investment Advisors LLC (0.02%). Company insiders that own SYNNEX stock include Andrea M Zulberti, 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 institutional investors are selling SYNNEX stock?

SNX stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., Bowling Portfolio Management LLC, Paradigm Capital Management Inc. NY, Hennessy Advisors Inc., Denali Advisors LLC, Community Capital Management Inc., Crossmark Global Holdings Inc., and Alpha Windward LLC. Company insiders that have sold SYNNEX company stock in the last year include Andrea M Zulberti, Dwight Steffensen, Fred A Breidenbach, Kevin M Murai, Marshall Witt, Peter Larocque, Simon Leung, and Thomas S Wurster.
View insider buying and selling activity for SYNNEX
.

Which institutional investors are buying SYNNEX stock?

SNX stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Pacer Advisors Inc., Raymond James Trust N.A., Nisa Investment Advisors LLC, Nachman Norwood & Parrott Inc, Foster & Motley Inc., BTC Capital Management Inc., and Regentatlantic Capital LLC. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is SYNNEX's stock price today?

One share of SNX stock can currently be purchased for approximately $145.38.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $7.49 billion and generates $23.76 billion in revenue each year. The business services provider earns $500.71 million in net income (profit) each year or $13.26 on an earnings per share basis. SYNNEX employs 240,900 workers across the globe.

What is SYNNEX's official website?

The official website for SYNNEX is www.synnexcorp.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]

This page was last updated on 10/26/2020 by MarketBeat.com Staff

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