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

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$95.83 +0.69 (+0.73 %)
(As of 03/19/2019 04:44 AM ET)
Previous Close$95.14
Today's Range$94.8445 - $96.4138
52-Week Range$71.82 - $125.40
Volume295,907 shs
Average Volume429,116 shs
Market Capitalization$4.91 billion
P/E Ratio8.80
Dividend Yield1.58%
Beta0.74
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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Industry, Sector and Symbol

Industry Business Services
Sub-IndustryTechnology Distributors
SectorComputer and Technology
CUSIP87162W10
Phone510-656-3333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.05 billion
Cash Flow$13.4782 per share
Book Value$67.08 per share

Profitability

Net Income$300.59 million

Miscellaneous

Employees229,000
Market Cap$4.91 billion
Next Earnings Date3/27/2019 (Confirmed)
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 Friday, January 11th. Investors of record on Tuesday, January 22nd will be paid a dividend of $0.375 per share on Thursday, January 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, January 18th. This is a positive change from SYNNEX's previous quarterly dividend of $0.35. View SYNNEX's Dividend History.

How will SYNNEX's stock buyback program work?

SYNNEX declared that its Board of Directors has approved a stock repurchase program on Friday, June 23rd 2017, which authorizes the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) released its quarterly earnings data on Thursday, January, 10th. The business services provider reported $3.65 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $3.25 by $0.40. The business services provider earned $5.62 billion during the quarter, compared to analysts' expectations of $5.54 billion. SYNNEX had a net margin of 1.50% and a return on equity of 17.54%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.79 EPS. View SYNNEX's Earnings History.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release their next quarterly earnings announcement on Wednesday, March 27th 2019. View Earnings Estimates for SYNNEX.

How can I listen to SYNNEX's earnings call?

SYNNEX will be holding an earnings conference call on Wednesday, March 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8663934306.

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

SYNNEX updated its first quarter earnings guidance on Thursday, January, 10th. The company provided earnings per share guidance of $2.70-2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.52. The company issued revenue guidance of $5.225-5.425 billion, compared to the consensus revenue estimate of $5.01 billion.SYNNEX also updated its Q1 2019 guidance to $2.70-2.80 EPS.

What price target have analysts set for SNX?

6 brokers have issued 12-month price objectives for SYNNEX's stock. Their predictions range from $97.02 to $135.00. On average, they anticipate SYNNEX's share price to reach $115.2040 in the next year. This suggests a possible upside of 20.2% from the stock's current price. View Analyst Price Targets for SYNNEX.

What is the consensus analysts' recommendation for SYNNEX?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYNNEX in the last year. There are currently 5 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?

Media stories about SNX stock have trended somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SYNNEX earned a media sentiment score of 0.7 on InfoTrie's scale. They also assigned media 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 company's share price in the near term.

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 CVS Health (CVS), Walt Disney (DIS), Southwest Airlines (LUV), Visa (V), JetBlue Airways (JBLU), General Electric (GE), Netflix (NFLX), QUALCOMM (QCOM), Alibaba Group (BABA) and Bank of America (BAC).

Who are SYNNEX's key executives?

SYNNEX's management team includes the folowing 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)

Who are SYNNEX's major shareholders?

SYNNEX's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (12.69%), BlackRock Inc. (9.69%), Dimensional Fund Advisors LP (5.00%), Boston Partners (2.97%), Northern Trust Corp (2.29%) and Prudential Financial Inc. (1.47%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Dennis Polk, 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 Millennium Management LLC, Bank of America Corp DE, Prudential PLC, Mesirow Financial Investment Management Equity Management, Canada Pension Plan Investment Board, Squarepoint Ops LLC, Bank of Montreal Can and Los Angeles Capital Management & Equity Research 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, Simon Leung and Thomas S Wurster. View Insider Buying and Selling for SYNNEX.

Which institutional investors are buying SYNNEX stock?

SNX stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Boston Partners, LSV Asset Management, FMR LLC, Norges Bank, Victory Capital Management Inc. and Prudential Financial Inc.. 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 $95.83.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $4.91 billion and generates $20.05 billion in revenue each year. The business services provider earns $300.59 million in net income (profit) each year or $10.89 on an earnings per share basis. SYNNEX employs 229,000 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:  437 (Vote Outperform)
Underperform Votes:  513 (Vote Underperform)
Total Votes:  950
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 3/19/2019 by MarketBeat.com Staff

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