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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
pixel
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NYSE:SNX

SYNNEX Stock Forecast, Price & News

$89.16
+1.01 (+1.15 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$87.57
Now: $89.16
$90.49
50-Day Range
$81.62
MA: $87.67
$91.34
52-Week Range
$21.25
Now: $89.16
$92.00
Volume299,678 shs
Average Volume355,839 shs
Market Capitalization$4.60 billion
P/E Ratio8.74
Dividend Yield0.91%
Beta1.6
SYNNEX Corporation provides business process services in the United States and internationally. The company distributes peripherals; and information technology systems, including system components, software, networking, communications and security equipment, consumer electronics, and complementary products, as well as designs and integrates data center equipment. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that comprise 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, the company 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. It serves resellers, system integrators, and retailers. 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.
SYNNEX logo

Industry, Sector and Symbol

Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
CUSIP87162W10
Phone510-656-3333
Employees270,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.68 billion
Cash Flow$21.48 per share
Book Value$84.18 per share

Profitability

Net Income$500.71 million

Miscellaneous

Market Cap$4.60 billion
Next Earnings Date3/23/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.52 out of 5 stars

Computer And Technology Sector

5th out of 1,523 stocks

Computers, Peripherals, & Software Industry

1st out of 15 stocks

Analyst Opinion: 4.4Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$89.16
+1.01 (+1.15 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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SYNNEX (NYSE:SNX) Frequently Asked Questions

Is SYNNEX a buy right now?

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. The consensus among Wall Street analysts is that investors should "buy" SYNNEX stock.
View analyst ratings for SYNNEX
or view top-rated stocks.

What stocks does MarketBeat like better than SYNNEX?

Wall Street analysts have given SYNNEX a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but SYNNEX wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting SYNNEX?

SYNNEX saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 892,900 shares, an increase of 23.7% from the December 31st total of 721,900 shares. Based on an average daily volume of 425,300 shares, the short-interest ratio is currently 2.1 days. Currently, 2.2% of the company's stock are short sold.
View SYNNEX's Short Interest
.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release its next quarterly earnings announcement on Tuesday, March 23rd 2021.
View our earnings forecast for SYNNEX
.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) posted its earnings results on Sunday, January, 10th. The business services provider reported $5.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $3.83 by $1.38. The business services provider had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $6.60 billion. SYNNEX had a net margin of 2.14% and a trailing twelve-month return on equity of 17.47%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.26 EPS.
View SYNNEX's earnings history
.

How has SYNNEX's stock price 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. Since then, SNX shares have decreased by 11.7% and is now trading at $89.16.
View which stocks have been most impacted by COVID-19
.

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

SYNNEX declared a quarterly dividend on Tuesday, January 12th. Shareholders of record on Friday, January 22nd will be given a dividend of $0.20 per share on Friday, January 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, January 21st.
View SYNNEX's dividend history
.

Is SYNNEX a good dividend stock?

SYNNEX pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.91%. The dividend payout ratio of SYNNEX is 5.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYNNEX will have a dividend payout ratio of 9.84% next year. This indicates that SYNNEX will be able to sustain or increase its dividend.
View SYNNEX's dividend history.

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

SYNNEX updated its first quarter earnings guidance on Monday, January, 11th. The company provided earnings per share (EPS) guidance of $1.55-$1.75 for the period, compared to the Thomson Reuters consensus estimate of $3.03. The company issued revenue guidance of $4.50-$4.80 billion, compared to the consensus revenue estimate of $5.37 billion.

What price target have analysts set for SNX?

7 analysts have issued twelve-month price objectives for SYNNEX's shares. Their forecasts range from $85.00 to $180.00. On average, they expect SYNNEX's stock price to reach $116.63 in the next year. This suggests a possible upside of 30.8% from the stock's current price.
View analysts' price targets for SYNNEX
or view top-rated stocks among Wall Street analysts.

Who are SYNNEX's key executives?

SYNNEX's management team includes the following people:
  • Mr. Dennis Polk, Pres, CEO & Director (Age 54, Pay $2.92M)
  • Mr. Marshall W. Witt, Chief Financial Officer (Age 55, Pay $1.12M)
  • Mr. Peter Larocque, Pres of North America Technology Solutions (Age 59, Pay $1.9M)
  • Mr. Michael Urban, Pres of Worldwide Technology Solutions Distribution (Age 56, Pay $1.93M)
  • Mr. Mike Vaishnav, Sr. VP of Corp. Fin. & Treasurer
  • Liz Morali, Sr. Mang. of Investor Relations
  • Mr. Simon Y. Leung, Sr. VP, Gen. Counsel & Corp. Sec. (Age 55)
  • Mr. Scott Barker, Sr. VP of Wide Format Sales, Technology Solutions
  • Mr. Vikram Sinha, Corp. Controller & Investor Relations

What is Dennis Polk's approval rating as SYNNEX's CEO?

49 employees have rated SYNNEX CEO Dennis Polk on Glassdoor.com. Dennis Polk has an approval rating of 94% among SYNNEX's employees. This puts Dennis Polk in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 investors include BlackRock Inc. (6.55%), Dimensional Fund Advisors LP (3.81%), JPMorgan Chase & Co. (3.78%), Boston Partners (2.14%), Boston Partners (2.14%) and Lyrical Asset Management LP (2.09%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Dwight Steffensen, Fred A Breidenbach, Kevin M Murai, Marshall Witt, Matthew Miau, Michael Urban, 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 Causeway Capital Management LLC, Ninety One UK Ltd, Clark Capital Management Group Inc., Boston Partners, Boston Partners, Dimensional Fund Advisors LP, Nuveen Asset Management LLC, and Frontier Capital Management Co. 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, Michael Urban, Peter Larocque, and Simon Leung.
View insider buying and selling activity for SYNNEX
or view top insider-selling stocks.

Which major investors are buying SYNNEX stock?

SNX stock was acquired by a variety of institutional investors in the last quarter, including SummerHaven Investment Management LLC, Nordea Investment Management AB, JPMorgan Chase & Co., First Trust Advisors LP, Wells Fargo & Company MN, Renaissance Technologies LLC, Citigroup Inc., and Royce & Associates LP. 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
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SYNNEX's stock price today?

One share of SNX stock can currently be purchased for approximately $89.16.

How much money does SYNNEX make?

SYNNEX has a market capitalization of $4.60 billion and generates $24.68 billion in revenue each year. The business services provider earns $500.71 million in net income (profit) each year or $13.68 on an earnings per share basis.

How many employees does SYNNEX have?

SYNNEX employs 270,000 workers across the globe.

What is SYNNEX's official website?

The official website for SYNNEX is www.synnexcorp.com.

Where are SYNNEX's headquarters?

SYNNEX is headquartered at 44201 NOBEL DRIVE, FREMONT CA, 94538.

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 2/28/2021 by MarketBeat.com Staff

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