Log in
NYSE:SNX

SYNNEX Stock Forecast, Price & News

$131.50
+3.50 (+2.73 %)
(As of 09/28/2020 12:00 AM ET)
Add
Compare
Today's Range
$129.33
Now: $131.50
$132.14
50-Day Range
$122.80
MA: $127.45
$133.27
52-Week Range
$52.06
Now: $131.50
$153.07
Volume444,683 shs
Average Volume421,060 shs
Market Capitalization$6.77 billion
P/E Ratio14.19
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.
Read More
SYNNEX logo

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$21.84 per share
Book Value$74.17 per share

Profitability

Net Income$500.71 million

Miscellaneous

Employees240,900
Market Cap$6.77 billion
Next Earnings Date9/29/2020 (Confirmed)
OptionableOptionable
$131.50
+3.50 (+2.73 %)
(As of 09/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive SNX News and Ratings via Email

Sign-up to receive the latest news and ratings for SNX and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











SYNNEX (NYSE:SNX) Frequently Asked Questions

How has SYNNEX's stock 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 (WHO). Since then, SNX stock has increased by 30.2% and is now trading at $131.50.
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 were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) announced its quarterly earnings results on Thursday, June, 25th. The business services provider reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.77) by $2.60. The business services provider had revenue of $5.53 billion for the quarter, compared to analysts' expectations of $5.17 billion. SYNNEX had a return on equity of 17.29% and a net margin of 2.03%. The company's revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.86 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. Shareholders 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 dividend yield of 1.22%. The ex-dividend date is Thursday, January 23rd. This is a positive change 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 12-month price targets for SYNNEX's stock. Their forecasts range from $125.00 to $150.00. On average, they anticipate SYNNEX's stock price to reach $137.00 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts' price targets for SYNNEX
.

Are investors shorting SYNNEX?

SYNNEX saw a increase in short interest in 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 days-to-cover ratio is presently 2.6 days. Currently, 2.4% of the company's shares are sold short.
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."

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 $131.50.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $6.77 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 9/29/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.