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NYSE:SNX - SYNNEX Stock Price, Forecast & News

$71.62
-1.48 (-2.02 %)
(As of 04/2/2020 06:00 AM ET)
Today's Range
$68.49
Now: $71.62
$72.67
50-Day Range
$65.97
MA: $110.14
$145.22
52-Week Range
$52.06
Now: $71.62
$153.07
Volume546,741 shs
Average Volume452,562 shs
Market Capitalization$3.68 billion
P/E Ratio6.89
Dividend Yield2.19%
Beta1.05
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 Computers, peripherals, & software
Sub-IndustryTechnology Distributors
SectorComputer and Technology
CUSIP87162W10
Phone510-656-3333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.76 billion
Cash Flow$19.78 per share
Book Value$74.95 per share

Profitability

Net Income$500.71 million

Miscellaneous

Employees240,900
Market Cap$3.68 billion
Next Earnings Date6/23/2020 (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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SNX shares have decreased by 29.1% and is now trading at $71.62. View which stocks have been mosted 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, June 23rd 2020. View our earnings forecast for SYNNEX.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) issued its quarterly earnings data on Tuesday, March, 24th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $3.08 by $0.18. The business services provider had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5.37 billion. SYNNEX had a return on equity of 19.04% and a net margin of 2.26%. The business's revenue was up .3% compared to the same quarter last year. During the same period last year, the firm posted $2.84 EPS. View SYNNEX's earnings history.

How often does SYNNEX pay dividends? What is the dividend yield for SYNNEX?

SYNNEX declared a quarterly dividend on Friday, January 10th. Stockholders 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 yield of 2.23%. The ex-dividend date of this dividend 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 updated its first quarter earnings guidance on Thursday, January, 9th. The company provided earnings per share (EPS) guidance of $3.03-3.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.94. The company issued revenue guidance of $5.24-5.54 billion, compared to the consensus revenue estimate of $5.37 billion.

What price target have analysts set for SNX?

7 equities research analysts have issued twelve-month price objectives for SYNNEX's shares. Their forecasts range from $96.00 to $175.00. On average, they anticipate SYNNEX's stock price to reach $128.83 in the next twelve months. This suggests a possible upside of 79.9% 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 reported strong fourth-quarter fiscal 2019 results, wherein both top and bottom line exceeded estimates and improved on a year-over-year basis. The company is benefiting from growth in both Technology Solutions and Concentrix business. Solid demand for its portfolio of products and services is a tailwind. Moreover, acquisitions and partnerships are helping it expand its product portfolio. The company’s buyout of Covergys is likely to be a key consistent driver. The company announced its intention to split Technology Solutions and Concentrix segment into two publicly traded entities. Management believes that this strategic action would help add shareholder value and enhance the company's competitive edge. The transaction is expected to be completed in the second half of 2020." (1/13/2020)
  • 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?

News articles about SNX stock have trended very negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. SYNNEX earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave news coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutSYNNEX.

Are investors shorting SYNNEX?

SYNNEX saw a increase in short interest in February. As of February 28th, there was short interest totaling 896,600 shares, an increase of 7.1% from the February 13th total of 837,200 shares. Based on an average daily trading volume, of 358,700 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.2% of the shares of the stock are short sold. 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), NVIDIA (NVDA), Visa (V), Alibaba Group (BABA), Mastercard (MA), Micron Technology (MU), AbbVie (ABBV), Broadcom (AVGO), Netflix (NFLX) and QUALCOMM (QCOM).

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 $71.62.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $3.68 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. View additional information about SYNNEX.

What is SYNNEX's official website?

The official website for SYNNEX is http://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]


MarketBeat Community Rating for SYNNEX (NYSE SNX)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  520 (Vote Outperform)
Underperform Votes:  591 (Vote Underperform)
Total Votes:  1,111
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 4/2/2020 by MarketBeat.com Staff

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