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SYNNEX Stock Price, Forecast & Analysis (NYSE:SNX)

$118.89
-0.42 (-0.35 %)
(As of 11/21/2019 06:00 AM ET)
Today's Range
$117.74
Now: $118.89
$120.74
50-Day Range
$109.50
MA: $116.76
$121.34
52-Week Range
$71.82
Now: $118.89
$122.43
Volume294,170 shs
Average Volume373,943 shs
Market Capitalization$6.07 billion
P/E Ratio10.92
Dividend Yield1.26%
Beta1.01
SYNNEX Corporation provides business process services in the Americas, Asia-Pacific, Europe and Africa. 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. Read More…

Industry, Sector and Symbol

Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
SectorComputer and Technology
CUSIP87162W10
Phone510-656-3333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.05 billion
Cash Flow$13.05 per share
Book Value$67.08 per share

Profitability

Net Income$300.59 million

Miscellaneous

Employees231,600
Market Cap$6.07 billion
Next Earnings Date1/9/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Tuesday, September 24th. Investors of record on Friday, October 11th will be given a dividend of $0.375 per share on Friday, October 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, October 10th. View SYNNEX's Dividend History.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) issued its quarterly earnings data on Tuesday, September, 24th. The business services provider reported $3.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.86 by $0.44. The business services provider earned $6.20 billion during the quarter, compared to analysts' expectations of $5.69 billion. SYNNEX had a net margin of 1.92% and a return on equity of 17.96%. SYNNEX's revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter last year, the company earned $2.57 earnings per share. View SYNNEX's Earnings History.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release their next quarterly earnings announcement on Thursday, January 9th 2020. 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 Tuesday, September, 24th. The company provided earnings per share guidance of $3.50-$3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.52. The company issued revenue guidance of $5.85-$6.15 billion, compared to the consensus revenue estimate of $5.93 billion.

What price target have analysts set for SNX?

5 analysts have issued 12-month target prices for SYNNEX's shares. Their forecasts range from $118.00 to $140.00. On average, they anticipate SYNNEX's share price to reach $129.50 in the next year. This suggests a possible upside of 8.9% from the stock's current price. View Analyst Price Targets for SYNNEX.

What is the consensus analysts' recommendation for SYNNEX?

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

What are Wall Street analysts saying about SYNNEX stock?

Here are some recent quotes from research analysts about SYNNEX stock:
  • 1. According to Zacks Investment Research, "SYNNEX Corporation, a business process services company, provides business-to-business services that help their customers and business partners grow and enhance their customer-engagement strategies. Headquartered in Fremont, CA, and with operations in more than 30 countries, SYNNEX is an industry leader in IT distribution and customer care outsourced services, operating in two business segments: Technology Solutions and Concentrix. SYNNEX brings the most relevant technology solutions to the IT and consumer electronics markets to help their partners sustainably grow their business. With more than 100,000 associates operating in 25 countries and with fluency in over 40 languages, their Concentrix division delivers high-value business services and solutions for the customer-relationship lifecycle to more than 450 clients. SYNNEX is listed on the New York Stock Exchange (NYSE: SNX) and was ranked 198 on the 2017 Fortune 500. " (10/1/2019)
  • 2. Barrington Research analysts commented, "We expect SYNNEX to report fiscal Q3/19 non-GAAP EPS of $2.86, which is in line with the FactSet consensus of $2.86. Our earnings forecast represents year-over-year growth of 12% and no change sequentially." (9/20/2019)

Has SYNNEX been receiving favorable news coverage?

News headlines about SNX stock have trended positive this week, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SYNNEX earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for SYNNEX.

Are investors shorting SYNNEX?

SYNNEX saw a decrease in short interest in October. As of October 15th, there was short interest totalling 1,380,000 shares, a decrease of 10.4% from the September 15th total of 1,540,000 shares. Based on an average daily trading volume, of 340,600 shares, the short-interest ratio is presently 4.1 days. Currently, 3.4% of the shares of the stock are sold short. View SYNNEX's Current Options Chain.

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 Walt Disney (DIS), Visa (V), NVIDIA (NVDA), Boeing (BA), Alibaba Group (BABA), FedEx (FDX), JetBlue Airways (JBLU), Micron Technology (MU), Netflix (NFLX) and CVS Health (CVS).

Who are SYNNEX's key executives?

SYNNEX's management team includes the folowing people:
  • Mr. Dennis Polk, Pres, CEO & Director (Age 52)
  • Mr. Marshall W. Witt, Chief Financial Officer (Age 53)
  • Mr. Simon Y. Leung, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
  • Mr. Christopher Caldwell, Exec. Vice-Pres (Age 46)
  • Mr. Peter Larocque, Pres of North American Technology Solutions (Age 57)

Who are SYNNEX's major shareholders?

SYNNEX's stock is owned by many different of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (0.72%), Copeland Capital Management LLC (0.68%), Russell Investments Group Ltd. (0.32%), Rhumbline Advisers (0.20%), California Public Employees Retirement System (0.20%) and New York State Teachers Retirement System (0.14%). Company insiders that own SYNNEX stock 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 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 SG Americas Securities LLC, Russell Investments Group Ltd., Horrell Capital Management Inc., State of Tennessee Treasury Department, Fox Run Management L.L.C., Tower Research Capital LLC TRC , New York State Teachers Retirement System and First Hawaiian Bank. Company insiders that have sold SYNNEX company stock in the last year include Andrea M Zulberti, Dwight Steffensen, Kevin M Murai, Marshall Witt, Peter Larocque, Simon Leung and Thomas S Wurster. View Insider Buying and Selling for SYNNEX.

Which institutional investors are buying SYNNEX stock?

SNX stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, State of New Jersey Common Pension Fund D, Steward Partners Investment Advisory LLC, Denali Advisors LLC, California Public Employees Retirement System, Copeland Capital Management LLC, State of Alaska Department of Revenue and Wright Investors Service Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is SYNNEX's stock price today?

One share of SNX stock can currently be purchased for approximately $118.89.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $6.07 billion and generates $20.05 billion in revenue each year. The business services provider earns $300.59 million in net income (profit) each year or $10.89 on an earnings per share basis. SYNNEX employs 231,600 workers across the globe.View Additional Information About SYNNEX.

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:  489 (Vote Outperform)
Underperform Votes:  558 (Vote Underperform)
Total Votes:  1,047
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 11/21/2019 by MarketBeat.com Staff

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