NYSE:SNX - SYNNEX Stock Price, News & Analysis

$82.93
+3.63 (+4.58 %)
(As of 08/18/2019 04:00 PM ET)
Today's Range
$78.55
Now: $82.93
$83.49
50-Day Range
$78.6650
MA: $94.37
$102.02
52-Week Range
$71.82
Now: $82.93
$109.62
Volume279,600 shs
Average Volume298,532 shs
Market Capitalization$4.25 billion
P/E Ratio7.62
Dividend Yield1.89%
Beta0.96
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. Read More…

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$13.9144 per share
Book Value$67.08 per share

Profitability

Net Income$300.59 million

Miscellaneous

Employees231,600
Market Cap$4.25 billion
Next Earnings Date10/2/2019 (Estimated)
OptionableOptionable

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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 Tuesday, June 25th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.375 per share on Friday, July 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, July 11th. View SYNNEX's Dividend History.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) issued its earnings results on Tuesday, June, 25th. The business services provider reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.15. The business services provider earned $5.72 billion during the quarter, compared to analyst estimates of $5.53 billion. SYNNEX had a return on equity of 17.65% and a net margin of 1.79%. View SYNNEX's Earnings History.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release their next quarterly earnings announcement on Wednesday, October 2nd 2019. View Earnings Estimates for SYNNEX.

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

SYNNEX issued an update on its third quarter earnings guidance on Wednesday, June, 26th. The company provided earnings per share (EPS) guidance of $2.80-2.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.79. The company issued revenue guidance of $5.55-5.85 billion, compared to the consensus revenue estimate of $5.58 billion.

What price target have analysts set for SNX?

7 analysts have issued 12 month target prices for SYNNEX's stock. Their forecasts range from $100.00 to $140.00. On average, they expect SYNNEX's share price to reach $124.50 in the next twelve months. This suggests a possible upside of 50.1% from the stock's current price. View Analyst Price Targets for SYNNEX.

What is the consensus analysts' recommendation for SYNNEX?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYNNEX in the last year. There are currently 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SYNNEX.

What are Wall Street analysts saying about SYNNEX stock?

Here are some recent quotes from research analysts about SYNNEX stock:
  • 1. Barrington Research analysts commented, "We are increasing our fiscal 2019 and fiscal 2020 non-GAAP EPS forecasts to $12.05 and $12.72 from $11.89 and $12.64, respectively." (6/30/2019)
  • 2. According to Zacks Investment Research, "SYNNEX Corporation, a business process services company, provides business-to-business services that help their customers and business partners grow and enhance their customer-engagement strategies. Headquartered in Fremont, CA, and with operations in more than 30 countries, SYNNEX is an industry leader in IT distribution and customer care outsourced services, operating in two business segments: Technology Solutions and Concentrix. SYNNEX brings the most relevant technology solutions to the IT and consumer electronics markets to help their partners sustainably grow their business. With more than 100,000 associates operating in 25 countries and with fluency in over 40 languages, their Concentrix division delivers high-value business services and solutions for the customer-relationship lifecycle to more than 450 clients. SYNNEX is listed on the New York Stock Exchange (NYSE: SNX) and was ranked 198 on the 2017 Fortune 500. " (6/28/2019)

Has SYNNEX been receiving favorable news coverage?

Media stories about SNX stock have trended negative on Sunday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. SYNNEX earned a news impact score of -2.3 on InfoTrie's scale. They also assigned news articles about the business services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for SYNNEX.

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), Visa (V), NVIDIA (NVDA), FedEx (FDX), Boeing (BA), UnitedHealth Group (UNH), JetBlue Airways (JBLU), Micron Technology (MU), Alibaba Group (BABA) and CVS Health (CVS).

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 many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.53%), BlackRock Inc. (7.28%), Silvercrest Asset Management Group LLC (1.84%), Northern Trust Corp (1.55%), Prudential Financial Inc. (1.45%) and LSV Asset Management (1.25%). 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 major investors are selling SYNNEX stock?

SNX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Victory Capital Management Inc., Northern Trust Corp, Vanguard Group Inc., Charles Schwab Investment Management Inc., ClariVest Asset Management LLC, Wells Fargo & Company MN and Bank of New York Mellon Corp. 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 and Simon Leung. View Insider Buying and Selling for SYNNEX.

Which major investors are buying SYNNEX stock?

SNX stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Paloma Partners Management Co, Prudential Financial Inc., Clark Capital Management Group Inc., Jane Street Group LLC, Nuveen Asset Management LLC, Morgan Stanley and Invesco Ltd.. 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 $82.93.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $4.25 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 231,600 workers across the globe.View Additional Information About SYNNEX.

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:  469 (Vote Outperform)
Underperform Votes:  539 (Vote Underperform)
Total Votes:  1,008
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 8/18/2019 by MarketBeat.com Staff

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