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

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$96.24 -1.07 (-1.10 %)
(As of 08/20/2018 04:00 PM ET)
Previous Close$97.31
Today's Range$96.05 - $97.89
52-Week Range$93.80 - $141.94
Volume141,000 shs
Average Volume288,213 shs
Market Capitalization$3.76 billion
P/E Ratio11.01
Dividend Yield1.45%
Beta0.89
SYNNEX logoSYNNEX 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
SymbolNYSE:SNX
CUSIP87162W10
Phone510-656-3333

Debt

Debt-to-Equity Ratio0.48
Current Ratio1.49
Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio11.01
Forward P/E Ratio9.53
P/E GrowthN/A

Sales & Book Value

Annual Sales$17.05 billion
Price / Sales0.22
Cash Flow$13.0939 per share
Price / Cash7.35
Book Value$57.14 per share
Price / Book1.68

Profitability

EPS (Most Recent Fiscal Year)$8.86
Net Income$301.17 million
Net Margins1.49%
Return on Equity16.69%
Return on Assets5.40%

Miscellaneous

Employees113,600
Outstanding Shares39,690,000
Market Cap$3.76 billion

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 Thursday, June 28th. Shareholders of record on Friday, July 13th will be paid a dividend of $0.35 per share on Friday, July 27th. This represents a $1.40 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, July 12th. View SYNNEX's Dividend History.

How will SYNNEX's stock buyback program work?

SYNNEX announced that its board has approved a stock repurchase program on Friday, June 23rd 2017, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) announced its quarterly earnings data on Thursday, June, 28th. The business services provider reported $2.38 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.30 by $0.08. The business services provider had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.66 billion. SYNNEX had a net margin of 1.49% and a return on equity of 16.69%. SYNNEX's quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 EPS. View SYNNEX's Earnings History.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release their next quarterly earnings announcement on Monday, September, 24th 2018. View Earnings Estimates for SYNNEX.

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

SYNNEX issued an update on its third quarter earnings guidance on Thursday, June, 28th. The company provided earnings per share guidance of $2.42-2.52 for the period, compared to the Thomson Reuters consensus estimate of $2.56. The company issued revenue guidance of $4.8-5.0 billion, compared to the consensus revenue estimate of $4.87 billion.

What price target have analysts set for SNX?

7 analysts have issued 1 year price targets for SYNNEX's shares. Their predictions range from $130.00 to $160.00. On average, they anticipate SYNNEX's stock price to reach $139.1667 in the next year. This suggests a possible upside of 44.6% 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 and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SYNNEX.

Are investors shorting SYNNEX?

SYNNEX saw a increase in short interest during the month of July. As of July 13th, there was short interest totalling 920,398 shares, an increase of 73.7% from the June 29th total of 529,919 shares. Based on an average daily trading volume, of 360,574 shares, the short-interest ratio is currently 2.6 days. Approximately 2.9% of the shares of the stock are sold short. View SYNNEX's Current Options Chain.

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 and CEO (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

Has SYNNEX been receiving favorable news coverage?

News stories about SNX stock have been trending somewhat negative recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SYNNEX earned a coverage optimism score of -0.11 on Accern's scale. They also gave news headlines about the business services provider an impact score of 47.02 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for SYNNEX.

Who are SYNNEX's major shareholders?

SYNNEX's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (14.75%), BlackRock Inc. (9.28%), Dimensional Fund Advisors LP (4.42%), Boston Partners (2.05%), Bank of New York Mellon Corp (0.99%) and Victory Capital Management Inc. (0.97%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Dennis Polk, Developments Ltd Peer, Duane E Zitzner, Dwight Steffensen, Fred A Breidenbach, Gregory L Quesnel, 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 FMR LLC, Voya Investment Management LLC, Dimensional Fund Advisors LP, James Investment Research Inc., HL Financial Services LLC, Dupont Capital Management Corp, Stevens Capital Management LP and Raymond James & Associates. Company insiders that have sold SYNNEX company stock in the last year include Andrea M Zulberti, Dennis Polk, 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 Insider Buying and Selling for SYNNEX.

Which institutional investors are buying SYNNEX stock?

SNX stock was purchased by a variety of institutional investors in the last quarter, including Mesirow Financial Investment Management Equity Management, Wells Fargo & Company MN, Paradigm Capital Management Inc. NY, SG Americas Securities LLC, Schwab Charles Investment Management Inc., Canada Pension Plan Investment Board, Mutual of America Capital Management LLC and Trexquant Investment LP. 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 $96.24.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $3.76 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.

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:  408 (Vote Outperform)
Underperform Votes:  464 (Vote Underperform)
Total Votes:  872
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 8/20/2018 by MarketBeat.com Staff

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