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NYSE:SNX

SYNNEX Stock Forecast, Price & News

$128.00
+3.21 (+2.57 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$123.70
Now: $128.00
$129.16
50-Day Range
$122.80
MA: $127.47
$133.27
52-Week Range
$52.06
Now: $128.00
$153.07
Volume465,420 shs
Average Volume420,926 shs
Market Capitalization$6.59 billion
P/E Ratio13.81
Dividend YieldN/A
Beta1.54
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. 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 engagement, 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.46 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.76 billion
Cash Flow$21.26 per share
Book Value$74.17 per share

Profitability

Net Income$500.71 million

Miscellaneous

Employees240,900
Market Cap$6.59 billion
Next Earnings Date9/29/2020 (Confirmed)
OptionableOptionable
$128.00
+3.21 (+2.57 %)
(As of 09/25/2020 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 Coronavirus?

SYNNEX's stock was trading at $101.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SNX shares have increased by 26.7% and is now trading at $128.00.
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 1 hold rating and 5 buy ratings 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 Tuesday, September 29th 2020.
View our earnings forecast for SYNNEX
.

How can I listen to SYNNEX's earnings call?

SYNNEX will be holding an earnings conference call on Tuesday, September 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) issued its earnings results on Thursday, June, 25th. The business services provider reported $1.83 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.77) by $2.60. The business services provider earned $5.53 billion during the quarter, compared to analysts' expectations of $5.17 billion. SYNNEX had a net margin of 2.03% and a return on equity of 17.29%. The company's revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.86 earnings per share.
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. Investors of record on Friday, January 24th will be paid a dividend of $0.40 per share on Friday, January 31st. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, January 23rd. This is an increase from SYNNEX's previous quarterly dividend of $0.38.
View SYNNEX's dividend history
.

What price target have analysts set for SNX?

6 analysts have issued 1-year price targets for SYNNEX's shares. Their forecasts range from $125.00 to $150.00. On average, they anticipate SYNNEX's share price to reach $137.00 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price.
View analysts' price targets for SYNNEX
.

Are investors shorting SYNNEX?

SYNNEX saw a increase in short interest during 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 presently 2.6 days. Currently, 2.4% of the shares of the stock are short sold.
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), Walt Disney (DIS), Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Visa (V), AbbVie (ABBV), Broadcom (AVGO) and Square (SQ).

Who are SYNNEX's key executives?

SYNNEX's management team includes the following 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)

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 a variety of retail and institutional investors. Top institutional investors include FMR LLC (12.33%), Vanguard Group Inc. (7.19%), Lyrical Asset Management LP (2.17%), AQR Capital Management LLC (2.07%), Abrams Bison Investments LLC (1.36%) and Silvercrest Asset Management Group LLC (1.35%). 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 major investors are selling SYNNEX stock?

SNX stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Prudential Financial Inc., Goldman Sachs Group Inc., AQR Capital Management LLC, Phocas Financial Corp., New York State Common Retirement Fund, Denali Advisors LLC, and Mackay Shields LLC. 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 activity for SYNNEX
.

Which major investors are buying SYNNEX stock?

SNX stock was bought by a variety of institutional investors in the last quarter, including Abrams Bison Investments LLC, FMR LLC, Macquarie Group Ltd., Victory Capital Management Inc., First Trust Advisors LP, Federated Hermes Inc., Nordea Investment Management AB, and Principal Financial Group 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 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 $128.00.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $6.59 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 9/26/2020 by MarketBeat.com Staff

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