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NYSE:SNXSYNNEX Stock Price, Forecast & News

$118.96
+1.18 (+1.00 %)
(As of 07/9/2020 04:00 PM ET)
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Today's Range
$116.20
Now: $118.96
$119.74
50-Day Range
$97.59
MA: $108.42
$118.78
52-Week Range
$52.06
Now: $118.96
$153.07
Volume627,800 shs
Average Volume468,928 shs
Market Capitalization$6.12 billion
P/E Ratio12.83
Dividend YieldN/A
Beta1.52
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: 3.5Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.08 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$21.20 per share
Book Value$74.49 per share

Profitability

Net Income$500.71 million

Miscellaneous

Employees240,900
Market Cap$6.12 billion
Next Earnings Date9/22/2020 (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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SNX stock has increased by 17.8% and is now trading at $118.96. 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, September 22nd 2020. View our earnings forecast for SYNNEX.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) issued its earnings results on Thursday, June, 25th. The business services provider reported $1.83 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.77) by $2.60. The business services provider earned $5.53 billion during the quarter, compared to analyst estimates of $5.17 billion. SYNNEX had a return on equity of 17.29% and a net margin of 2.03%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 dividend on an annualized basis and a dividend yield of 1.34%. 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 guidance has SYNNEX issued on next quarter's earnings?

SYNNEX issued an update on its third quarter earnings guidance on Thursday, June, 25th. The company provided earnings per share guidance of $2.00-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.53. The company issued revenue guidance of $5.50-5.90 billion, compared to the consensus revenue estimate of $5.44 billion.

What price target have analysts set for SNX?

7 brokerages have issued 1 year price objectives for SYNNEX's stock. Their forecasts range from $120.00 to $150.00. On average, they anticipate SYNNEX's share price to reach $134.17 in the next twelve months. This suggests a possible upside of 12.8% 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?

Media headlines about SNX stock have been trending negative this week, according to InfoTrie. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. 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 -2.3 on InfoTrie's scale. They also gave news stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about SYNNEX.

Are investors shorting SYNNEX?

SYNNEX saw a decrease in short interest in June. As of June 30th, there was short interest totaling 945,800 shares, a decrease of 27.2% from the June 15th total of 1,300,000 shares. Based on an average daily trading volume, of 454,300 shares, the short-interest ratio is presently 2.1 days. Approximately 2.3% 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 a variety of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.02%) and Legacy Capital Partners Inc. (0.00%). 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 Envestnet Asset Management Inc., and Legacy Capital Partners Inc.. 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.

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 $118.96.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $6.12 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 7/10/2020 by MarketBeat.com Staff

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