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

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$79.71 -0.31 (-0.39 %)
(As of 12/19/2018 08:51 AM ET)
Previous Close$80.02
Today's Range$79.30 - $82.57
52-Week Range$71.82 - $141.94
Volume761,592 shs
Average Volume470,467 shs
Market Capitalization$4.09 billion
P/E Ratio9.00
Dividend Yield1.75%
Beta0.82
SYNNEX 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
Current SymbolNYSE:SNX
Previous Symbol
CUSIP87162W10
Phone510-656-3333

Debt

Debt-to-Equity Ratio0.47
Current Ratio1.51
Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio9.00
Forward P/E Ratio7.80
P/E GrowthN/A

Sales & Book Value

Annual Sales$17.05 billion
Price / Sales0.24
Cash Flow$12.8565 per share
Price / Cash Flow6.20
Book Value$57.14 per share
Price / Book1.39

Profitability

EPS (Most Recent Fiscal Year)$8.86
Net Income$301.17 million
Net Margins1.41%
Return on Equity17.16%
Return on Assets5.33%

Miscellaneous

Employees113,600
Outstanding Shares51,160,000
Market Cap$4.09 billion
OptionableOptionable

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 announced a quarterly dividend on Wednesday, September 26th. Shareholders of record on Friday, October 12th will be given a dividend of $0.35 per share on Friday, October 26th. This represents a $1.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, October 11th. View SYNNEX's Dividend History.

How will SYNNEX's stock buyback program work?

SYNNEX announced that its board has authorized a share buyback plan on Friday, June 23rd 2017, which allows the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) posted its earnings results on Wednesday, October, 3rd. The business services provider reported $2.57 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.46 by $0.11. The business services provider had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.88 billion. SYNNEX had a net margin of 1.41% and a return on equity of 17.16%. The business's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the business earned $2.16 EPS. View SYNNEX's Earnings History.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release their next quarterly earnings announcement on Tuesday, January 8th 2019. View Earnings Estimates for SYNNEX.

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

SYNNEX issued an update on its fourth quarter earnings guidance on Wednesday, October, 3rd. The company provided earnings per share guidance of $2.90-$3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.07. The company issued revenue guidance of $5.2-$5.4 billion, compared to the consensus revenue estimate of $5.36 billion.

What price target have analysts set for SNX?

7 Wall Street analysts have issued 1 year price targets for SYNNEX's stock. Their predictions range from $100.00 to $160.00. On average, they expect SYNNEX's share price to reach $131.50 in the next twelve months. This suggests a possible upside of 65.0% 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, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SYNNEX.

Has SYNNEX been receiving favorable news coverage?

Press coverage about SNX stock has been trending negative recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. SYNNEX earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.

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, CEO & Director (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

Who are SYNNEX's major shareholders?

SYNNEX's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (11.62%), BlackRock Inc. (7.38%), Vanguard Group Inc (6.17%), Vanguard Group Inc. (6.17%), Dimensional Fund Advisors LP (3.47%) and AQR Capital Management LLC (1.61%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Dennis Polk, Duane E Zitzner, 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 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 AQR Capital Management LLC, James Investment Research Inc., Hsbc Holdings PLC, SG Americas Securities LLC, Crestline Management LP, Wells Fargo & Company MN, Vanguard Group Inc. and Vanguard Group Inc. Company insiders that have sold SYNNEX company stock in the last year 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 Insider Buying and Selling for SYNNEX.

Which institutional investors are buying SYNNEX stock?

SNX stock was acquired by a variety of institutional investors in the last quarter, including Copeland Capital Management LLC, BlackRock Inc., FMR LLC, Marshall Wace LLP, Russell Investments Group Ltd., First Quadrant L P CA, Prudential Financial Inc. and Stevens Capital Management 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 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 $79.71.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $4.09 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.

What is SYNNEX's official website?

The official website for SYNNEX is http://www.synnex.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]


MarketBeat Community Rating for SYNNEX (NYSE SNX)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  426 (Vote Outperform)
Underperform Votes:  491 (Vote Underperform)
Total Votes:  917
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 12/19/2018 by MarketBeat.com Staff

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