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

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$91.27 -0.33 (-0.36 %)
(As of 01/22/2019 04:00 PM ET)
Previous Close$91.60
Today's Range$90.33 - $91.99
52-Week Range$71.82 - $132.08
Volume382,100 shs
Average Volume683,679 shs
Market Capitalization$4.67 billion
P/E Ratio8.38
Dividend Yield1.54%
Beta0.69
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

Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
SectorComputer and Technology
CUSIP87162W10
Phone510-656-3333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.05 billion
Cash Flow$12.8549 per share
Book Value$67.08 per share

Profitability

Net Income$300.59 million

Miscellaneous

Employees113,600
Market Cap$4.67 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 declared a quarterly dividend on Friday, January 11th. Stockholders of record on Tuesday, January 22nd will be given a dividend of $0.375 per share on Thursday, January 31st. This represents a $1.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend 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 announced that its Board of Directors has approved a stock repurchase program on Friday, June 23rd 2017, which authorizes the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

How were SYNNEX's earnings last quarter?

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

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release their next quarterly earnings announcement on Thursday, April 4th 2019. View Earnings Estimates for SYNNEX.

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

SYNNEX issued an update on its first quarter earnings guidance on Thursday, January, 10th. The company provided earnings per share (EPS) 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?

5 brokers have issued 1 year target prices for SYNNEX's shares. Their forecasts range from $100.00 to $135.00. On average, they anticipate SYNNEX's share price to reach $119.75 in the next year. This suggests a possible upside of 31.2% from the stock's current price. View Analyst Price Targets for SYNNEX.

What is the consensus analysts' recommendation for SYNNEX?

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

News coverage about SNX stock has trended very positive this week, InfoTrie Sentiment reports. The research firm scores the sentiment of 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 nearest to five being the most favorable. SYNNEX earned a daily sentiment score of 3.2 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Are investors shorting SYNNEX?

SYNNEX saw a increase in short interest in December. As of December 14th, there was short interest totalling 1,496,619 shares, an increase of 39.2% from the November 30th total of 1,075,462 shares. Based on an average daily trading volume, of 660,536 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.6% of the shares of the company are short sold. View SYNNEX's Current Options Chain.

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 52)
  • Mr. Marshall W. Witt, CFO & Principal Accounting Officer (Age 53)
  • Mr. Christopher Caldwell, Exec. Vice-Pres (Age 46)
  • Mr. Peter Larocque, Pres of North American Technology Solutions (Age 57)
  • Mr. Mike Vaishnav, Sr. VP of Corp. Fin. & Treasurer

Who are SYNNEX's major shareholders?

SYNNEX's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.11%), James Investment Research Inc. (0.05%), BB&T Corp (0.03%), Louisiana State Employees Retirement System (0.02%), Oakbrook Investments LLC (0.01%) and Bank of Montreal Can (0.00%). 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 Bank of Montreal Can and Meeder Asset Management 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 Retirement Systems of Alabama, James Investment Research Inc., BB&T Corp, Oakbrook Investments LLC and Louisiana State Employees Retirement System. 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 $91.27.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $4.67 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 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:  431 (Vote Outperform)
Underperform Votes:  501 (Vote Underperform)
Total Votes:  932
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 1/22/2019 by MarketBeat.com Staff

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