SYNNEX Stock Forecast, Price & News

+0.38 (+0.32 %)
(As of 09/16/2021 03:59 PM ET)
Today's Range
50-Day Range
52-Week Range
Volume3,171 shs
Average Volume291,113 shs
Market Capitalization$6.18 billion
P/E Ratio11.66
Dividend Yield0.69%
30 days | 90 days | 365 days | Advanced Chart
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SYNNEX Corp. engages in the provision of distribution, logistics and integration services for the technology industry. It operates through the following segments: Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals, IT systems including data center server and storage solutions, system components, software, networking equipment, consumer electronics, and complementary products. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services to customers in industry vertical markets. The company was founded by Robert T. Huang in November 1980 and is headquartered in Fremont, CA.


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Overall MarketRank

2.47 out of 5 stars

Computer And Technology Sector

141st out of 857 stocks

Computers, Peripherals, & Software Industry

2nd out of 7 stocks

Analyst Opinion: 1.4Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
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SYNNEX (NYSE:SNX) Frequently Asked Questions

Is SYNNEX a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SYNNEX in the last twelve months. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but SYNNEX wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting SYNNEX?

SYNNEX saw a drop in short interest during the month of July. As of July 30th, there was short interest totaling 799,900 shares, a drop of 21.6% from the July 15th total of 1,020,000 shares. Based on an average daily trading volume, of 256,200 shares, the short-interest ratio is currently 3.1 days. Approximately 1.9% of the company's stock are sold short.
View SYNNEX's Short Interest

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release its next quarterly earnings announcement on Tuesday, September 28th 2021.
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 28th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) released its earnings results on Wednesday, June, 23rd. The business services provider reported $2.09 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.93 by $0.16. The business services provider earned $5.86 billion during the quarter, compared to analyst estimates of $4.96 billion. SYNNEX had a trailing twelve-month return on equity of 19.97% and a net margin of 2.15%. The firm's revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS.
View SYNNEX's earnings history

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

SYNNEX's stock was trading at $101.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SNX shares have increased by 18.6% and is now trading at $119.78.
View which stocks have been most impacted by COVID-19

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

SYNNEX announced a quarterly dividend on Friday, June 25th. Investors of record on Friday, July 16th will be paid a dividend of $0.20 per share on Friday, July 30th. This represents a $0.80 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, July 15th.
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 0.69%. 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 9.01% 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 issued an update on its third quarter 2021 earnings guidance on Thursday, July, 22nd. The company provided earnings per share guidance of $1.900-$2.100 for the period, compared to the Thomson Reuters consensus estimate of $1.990. The company issued revenue guidance of $4.95 billion-$5.45 billion, compared to the consensus revenue estimate of $5.10 billion.

What price target have analysts set for SNX?

7 brokerages have issued 12 month target prices for SYNNEX's stock. Their forecasts range from $85.00 to $158.00. On average, they expect SYNNEX's stock price to reach $130.00 in the next twelve months. This suggests a possible upside of 8.5% 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:
  • Dennis Polk, President, Chief Executive Officer & Director
  • Gina Rugani, Head-Business Operations & Vice President
  • Tim Rush, Senior Vice President-Operations
  • Marshall W. Witt, Chief Financial Officer
  • Gary Gulmon, Chief Information Officer & Senior Vice President

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 FMR LLC (9.24%), Vanguard Group Inc. (7.80%), BlackRock Inc. (6.78%), JPMorgan Chase & Co. (6.54%), Dimensional Fund Advisors LP (3.52%) and State Street Corp (2.08%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Ann F Vezina, Dennis Polk, Dwight Steffensen, Fred A Breidenbach, Kevin M Murai, Kevin M Murai, Marshall Witt, Matthew Miau, Michael Urban, Peter Larocque, Rong Zhou, 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 Boston Partners, First Trust Advisors LP, Fuller & Thaler Asset Management Inc., BlackRock Inc., AQR Capital Management LLC, Ninety One UK Ltd, Dimensional Fund Advisors LP, and Goldman Sachs Group Inc.. Company insiders that have sold SYNNEX company stock in the last year include Ann F Vezina, Dennis Polk, Dwight Steffensen, Fred A Breidenbach, Kevin M Murai, Michael Urban, Peter Larocque, Rong Zhou, 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 JPMorgan Chase & Co., American Century Companies Inc., State of Michigan Retirement System, Prudential Financial Inc., Principal Financial Group Inc., State Street Corp, Morgan Stanley, 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
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 $119.78.

How much money does SYNNEX make?

SYNNEX has a market capitalization of $6.22 billion and generates $24.68 billion in revenue each year. The business services provider earns $529.16 million in net income (profit) each year or $13.68 on an earnings per share basis.

How many employees does SYNNEX have?

SYNNEX employs 288,800 workers across the globe.

Does SYNNEX have any subsidiaries?

The following companies are subsidiares of SYNNEX: 2117974 Ontario Inc., Administrative Services and Technologies to Enterprises Ltda., Afina Peru S.A.C., Afina S.R.L., Afina Sistemas Informaticos Limitada, Afina Sistemas Informaticos S.L, Afina Sistemas Sociedade Ltda., Afina Venezuela C.A., Afinasis S.A. de C.V., Asset Ohio Fourth Street LLC, BPO Holdco Coöperatief U.A., Beijing Jumeng Technology Development Ltd., Brazil HoldCo Limited, CNX Services Jamaica Limited, Chongqing Jumeng Technologies Development Ltd., ComputerLand Corporation, Comstor Colombia S.A.S., Concentrix (Canada) Limited, Concentrix (Suzhou) Information Consulting Co. Limited, Concentrix Beteiligungen GmbH, Concentrix Brazil Outsourcing of Processes , Concentrix Business Services UK Limited, Concentrix CMG Canada ULC, Concentrix CMG Insurance Services LLC, Concentrix CRM Services Germany GmbH, Concentrix CRM Services Germany GmbH Belgium Branch, Concentrix CRM Services Germany GmbH Greece Branch, Concentrix CRM Services Germany GmbH Merkezi Almanya Istanbul Merkez Şubesi, Concentrix CRM Services Germany GmbH Netherlands Branch, Concentrix CRM Services Germany GmbH Netherlands Branch , Concentrix CRM Services Germany GmbH Russelsheim Switzerland Branch Zug, Concentrix CRM Services Germany GmbH Spółka z ograniczoną odpowiedzialnością Oddział w Polsce, Concentrix CRM Services Germany GmbH Sucursal en España, Concentrix CRM Services Hungary Kft, Concentrix CRM Services RO S.R.L., Concentrix CRM Services UK Limited, Concentrix CVG (Mauritius) Ltd, Concentrix CVG Brite Voice Systems LLC, Concentrix CVG CMG UK Limited, Concentrix CVG Contact Tunisie S.A.R.L., Concentrix CVG Corporation, Concentrix CVG Customer Management Australia Pty. Ltd., Concentrix CVG Customer Management Delaware LLC, Concentrix CVG Customer Management Group Inc., Concentrix CVG Customer Management Group Inc. Costa Rica Branch, Concentrix CVG Delaware Inc., Concentrix CVG Delaware International Inc., Concentrix CVG Delaware International Inc. French Branch, Concentrix CVG Egypt Limited Liability Company, Concentrix CVG France S.A.R.L., Concentrix CVG Funding Inc., Concentrix CVG Global Services AZ Inc., Concentrix CVG Global Services El Salvador S.A. de C.V., Concentrix CVG Global Services Honduras S.A., Concentrix CVG Global Services Hong Kong Limited, Concentrix CVG Government Solutions LLC, Concentrix CVG Group Limited, Concentrix CVG Group Servicios de Apoyo Informatico S.L., Concentrix CVG Holding LLC, Concentrix CVG Intelligent Contact Limited, Concentrix CVG International Bulgaria EOOD, Concentrix CVG International Holding Ltd., Concentrix CVG International Holding Ltd. Dominican Republic Branch, Concentrix CVG International Sp. Z.o.o., Concentrix CVG Italy S.R.L., Concentrix CVG LLC, Concentrix CVG Learning Solutions LLC, Concentrix CVG Malaysia (Philippines) SDN. BHD. Philippine Branch, Concentrix CVG Malaysia (Phillipines) Sdn. Bhd., Concentrix CVG Malaysia Sdn. Bhd., Concentrix CVG Nicaragua S.A., Concentrix CVG Philippines Inc., Concentrix CVG Pte. Ltd., Concentrix CVG Services Singapore Pte. Ltd., Concentrix CVG Services Singapore Pte. Ltd. ROHQ, Concentrix CVG Singapore Holdings Pte. Ltd., Concentrix CVG Singapore Holdings Pte. Ltd. ROHQ, Concentrix CVG Tunisie BPO S.A.R.L., Concentrix CVG Tunisie S.A.R.L., Concentrix Coop Holdco Limited, Concentrix Corporation, Concentrix Costa Rica S.A., Concentrix Daksh Services India Private Limited, Concentrix Daksh Services Philippines Corporation, Concentrix Digital Services Limited, Concentrix Duisburg GmbH, Concentrix Düsseldorf GmbH, Concentrix Europe Limited, Concentrix Frankfurt a. M. GmbH, Concentrix Free Trade Zone S.A., Concentrix GBS Limited, Concentrix Gera GmbH, Concentrix Global Holdings Inc., Concentrix Global Services GmbH, Concentrix Gmbh, Concentrix HK Limited, Concentrix Halle GmbH, Concentrix Insurance Administration Solutions Corporation, Concentrix International Europe B.V., Concentrix International GmbH, Concentrix International Services Europe B.V., Concentrix Investment Holdings Corporation, Concentrix Investment Holdings Singapore 1 Pte. Ltd, Concentrix Investment Holdings Singapore 2 Pte. Ltd, Concentrix Investment Holdings Singapore 3 Pte. Ltd, Concentrix Investments Europe B.V., Concentrix Ireland Contact Services Limited, Concentrix Ireland Limited, Concentrix Leipzig GmbH, Concentrix Logistics Corporation, Concentrix Management Holding GmbH & Co. KG, Concentrix México S. de R.L. de C.V, Concentrix Münster GmbH, Concentrix New (BVI) Corporation, Concentrix NewHK Limited, Concentrix Nicaragua S.A., Concentrix Osnabrück GmbH, Concentrix Rechenzentrum GmbH, Concentrix Romania S.R.L., Concentrix Schwerin GmbH, Concentrix Service Hungary KFT, Concentrix Services (Colombia) S.A.S., Concentrix Services (Dalian) Co. Ltd., Concentrix Services (Dalian) Co. Ltd. Beijing Branch, Concentrix Services (Dalian) Co. Ltd. Shanghai Branch, Concentrix Services (Germany) GmbH, Concentrix Services (Ireland) Limited, Concentrix Services (Netherlands) B.V., Concentrix Services (New Zealand) Limited, Concentrix Services (Poland) spólka z o.o., Concentrix Services (Saudi Arabia) Corporation LLC, Concentrix Services (Singapore) Pte. Ltd., Concentrix Services (Thailand) Co. Ltd, Concentrix Services (Uruguay) S.A., Concentrix Services Bulgaria EOOD, Concentrix Services Corporation, Concentrix Services Corporation Philippines Branch, Concentrix Services Germany GmbH Sverige filial, Concentrix Services GmbH, Concentrix Services Holdco (Netherlands) B.V., Concentrix Services India Private Limited, Concentrix Services Korea Limited, Concentrix Services Mexico S.A. de C.V., Concentrix Services Philippines Inc., Concentrix Services Portugal Sociedade Unipessoal LDA, Concentrix Services Pty Ltd, Concentrix Services Pty Ltd ROHQ, Concentrix Services Slovakia s.r.o., Concentrix Services Spain S.L.U., Concentrix Services UK Limited, Concentrix Services US Inc., Concentrix Technologies (India) Private Limited, Concentrix Technologies Limited, Concentrix Technologies Services (Canada) Limited, Concentrix Technology FZ-LLC, Concentrix VN Technologies Services Company Limited, Concentrix Verwaltungs GmbH, Concentrix Wismar GmbH, Concentrix Wuppertal GmbH, Convergys, Convergys Customer Management Colombia S.A.S., Convergys Customer Management Group Canada Holding Inc., Convergys Customer Management Group Inc. Philippines Branch, Convergys Customer Management International Inc., Convergys Customer Management International Inc. - Regional Operating Headquarters, Convergys Customer Management Mexico S. de R.L. de C.V., Convergys France S.A.R.L. (Mauritius Branch), Convergys Holdings (GB) Limited, Convergys Holdings (UK) Limited, Convergys Hungary Kft., Convergys India Services Private Limited, Convergys International Inc., Convergys International Nordic AB, Convergys Netherlands Investments B.V., Convergys Services Denmark ApS, Convergys Software Service (Beijing) Ltd., Convergys South Africa (Pty) Ltd., CyberLogistics Corporation, Dalian Jumeng Information Services Ltd., Dalian Jumeng Technology Development Ltd., EMJ America Inc., Encore Receivable Management Inc., Encore Receivable Management Inc. Philippines Branch, Foshan Jumeng Information Technology Service Co. Ltd, GLS Software S. de R.L., Guiyang Jumeng Technology Development Ltd., Hyve IT Solutions Israel Ltd, Hyve IT Solutions South Africa (PTY) Ltd., Hyve SNX Solutions Ireland Limited, Hyve Solutions (Taiwan) Corporation, Hyve Solutions Canada Limited, Hyve Solutions China Limited, Hyve Solutions Corporation, Hyve Solutions Europe Limited, Hyve Solutions HK Limited, Hyve Solutions Holding Company Limited, Hyve Solutions India LLP, Hyve Solutions Japan K.K., Hyve Solutions Korea Limited, Hyve Solutions Malaysia SDN.BHD., Hyve Solutions New Zealand Limited, Hyve Solutions Singapore Pte. Ltd, Hyve Solutions US Global Holding Corporation, IBM World Wide Customer Care, Intervoice Acquisition Subsidiary Inc., Intervoice Colombia Ltda., Intervoice GP Inc., Intervoice GmbH, Intervoice LLC Canada Branch, Intervoice LP Inc., Intervoice Limited, Intervoice Limited Partnership, Intervoice do Brasil Comércio Serviços e Participações Ltda., Jack Of All Games Inc., Japan Concentrix KK, LATAM HoldCo Limited, Lasting Holdings Corporation, License Online Inc, Minacs, Minacs Mexico S. de R.L. de C.V., PT Concentrix Services Indonesia, PT Convergys Customer Management Indonesia, Pegasus Telecom LLC, SCGS (Malaysia) SDN. BHD., SGS Holdings Inc., SGS Tunisie S.A.R.L., SIT Funding Corporation, SYNNEX Canada Limited, SYNNEX Finance Hybrid II LLC, SYNNEX Information Technologies (Beijing) Ltd., SYNNEX Information Technologies (Chengdu) Ltd., SYNNEX Information Technologies (China) Ltd., SYNNEX Japan Corporation, SYNNEX Japan Holdings K.K., SYNNEX Servicios S.A. de C.V., SYNNEX Software Technologies (HK) Limited, SYNNEX de México S.A. de C.V., SYNNEX-Concentrix UK Limited, Sennex Enterprises Limited, Servicios Afinasis S.A. de C.V., Shenzhen Shunrong Telecommunication Technologies Ltd., Shenzhen Shunrong Telecommunication Technologies Ltd. Foshan Branch, Sichuan 86Bridge Information Technology Ltd., Stream Business Process Outsourcing South Africa (Proprietary) Ltd., Stream Florida Inc., Stream Global Services - US Inc., Stream Global Services Danmark ApS, Stream Global Services Inc., Stream Holdings Corporation, Suzhou Ke Wei Xun Information Services Co. Ltd., Tech Data, The Global Email Trustee Limited, Tigerspike Co. Ltd, Tigerspike FZ LLC Rep. Office, Tigerspike FZ-LLC, Tigerspike Holdings Pty Ltd, Tigerspike Inc., Tigerspike Ltd, Tigerspike Products Pte. Ltd., Tigerspike Pte. Ltd., Tigerspike Pty Ltd, Velami Holdings Corporation, Vietnam Concentrix Services Company Limited, VisionMAX, WG-UK Holding Company Limited, WG-US HoldCo Inc, Westcon Brasil Ltda., Westcon CALA Inc., Westcon Canada Systems (WCSI) Inc., Westcon Corporation Ecuador WCE Cia. Ltda, Westcon Group Colombia Limitada, Westcon Group Costa Rica S.A., Westcon Group El Salvador S.A. de C.V., Westcon Group Inc., Westcon Group North America Inc., Westcon Group Panama S.A., Westcon Mexico S.A. de C.V., Westcon-Comstor, Xi'an Jumeng Technologies Development Ltd, and eTelecare Philippines Inc..

When was SYNNEX founded?

SYNNEX was founded in 1980.

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 9/16/2021 by MarketBeat.com Staff
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