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NYSE:SNXSYNNEX Stock Price, Forecast & News

$111.53
+2.53 (+2.32 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$109.79
Now: $111.53
$113.95
50-Day Range
$70.22
MA: $89.86
$111.43
52-Week Range
$52.06
Now: $111.53
$153.07
Volume476,934 shs
Average Volume334,241 shs
Market Capitalization$5.74 billion
P/E Ratio10.72
Dividend YieldN/A
Beta1.53
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: 2.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 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$21.12 per share
Book Value$74.17 per share

Profitability

Net Income$500.71 million

Miscellaneous

Employees240,900
Market Cap$5.74 billion
Next Earnings Date6/23/2020 (Estimated)
OptionableOptionable

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SYNNEX (NYSE:SNX) Frequently Asked Questions

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

SYNNEX's stock was trading at $101.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SNX stock has increased by 10.4% and is now trading at $111.53. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of SYNNEX?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYNNEX in the last year. There are currently 1 hold rating, 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 Tuesday, June 23rd 2020. View our earnings forecast for SYNNEX.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) released its earnings results on Tuesday, March, 24th. The business services provider reported $3.26 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $3.08 by $0.18. The business services provider had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.37 billion. SYNNEX had a return on equity of 19.04% and a net margin of 2.26%. SYNNEX's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $2.84 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 paid a dividend of $0.40 per share on Friday, January 31st. This represents a $1.60 annualized dividend and a yield of 1.43%. 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 second quarter earnings guidance on Tuesday, May, 12th. The company provided earnings per share guidance of $0.00-1.00 for the period, compared to the Thomson Reuters consensus estimate of ($4.05).

What price target have analysts set for SNX?

7 brokers have issued 1-year target prices for SYNNEX's shares. Their forecasts range from $112.00 to $175.00. On average, they expect SYNNEX's stock price to reach $132.00 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price. View analysts' price targets 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’s Concentrix business is benefiting from the coronavirus-led work-and-learn-from-home wave which is driving demand for offsite-working and learning hardware and software. Moreover, acquisitions and partnerships are helping expand its product portfolio. Additionally, the split of its Technology Solutions and Concentrix businesses into two publicly-traded entities will add shareholder value and enhance the company’s competitive position. Nonetheless, supply-chain and logistics services disruptions due to the coronavirus crisis might hurt SYNNEX’s near-term performance. Moreover, organizations are pushing back their big and expensive technology purchases to preserve cash in an effort to stay afloat amid this turbulent macroeconomic environment. Adverse foreign-exchange volatility and high-debt level are other major concerns." (5/27/2020)
  • 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?

Headlines about SNX stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. SYNNEX earned a news impact score of -2.8 on InfoTrie's scale. They also gave news articles about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutSYNNEX.

Are investors shorting SYNNEX?

SYNNEX saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,130,000 shares, an increase of 18.1% from the April 15th total of 957,200 shares. Based on an average daily volume of 428,600 shares, the short-interest ratio is presently 2.6 days. Currently, 2.7% of the shares of the company 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), Alibaba Group (BABA), NVIDIA (NVDA), Visa (V), AbbVie (ABBV), Mastercard (MA), Paypal (PYPL), UnitedHealth Group (UNH), Micron Technology (MU) and Netflix (NFLX).

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.94%), JPMorgan Chase & Co. (3.31%), AQR Capital Management LLC (2.37%), Lyrical Asset Management LP (2.19%), State Street Corp (1.95%) and Capital International Investors (1.45%). 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 Silvercrest Asset Management Group LLC, Nuveen Asset Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Lyrical Asset Management LP, Federated Hermes Inc., BlackRock Inc., and Bank of New York Mellon Corp. 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 institutional investors are buying SYNNEX stock?

SNX stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, JPMorgan Chase & Co., Provident Investment Management Inc., Frontier Capital Management Co. LLC, Fuller & Thaler Asset Management Inc., FDx Advisors Inc., FDx Advisors Inc., and Morgan Stanley. 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 $111.53.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $5.74 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 6/4/2020 by MarketBeat.com Staff

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