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NYSE:SNX - SYNNEX Stock Price, Forecast & News

$133.16
-3.49 (-2.55 %)
(As of 02/26/2020 07:31 AM ET)
Today's Range
$132.73
Now: $133.16
$137.70
50-Day Range
$126.94
MA: $141.76
$150.13
52-Week Range
$78.55
Now: $133.16
$153.07
Volume603,426 shs
Average Volume295,851 shs
Market Capitalization$6.85 billion
P/E Ratio13.69
Dividend Yield1.17%
Beta1.01
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$23.76 billion
Cash Flow$20.11 per share
Book Value$74.17 per share

Profitability

Net Income$500.71 million

Miscellaneous

Employees240,900
Market Cap$6.85 billion
Next Earnings Date3/25/2020 (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 declared a quarterly dividend on Friday, January 10th. Stockholders of record on Friday, January 24th will be given 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 1.20%. The ex-dividend date of this dividend is Thursday, January 23rd. This is a boost from SYNNEX's previous quarterly dividend of $0.38. View SYNNEX's Dividend History.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) posted its quarterly earnings results on Thursday, January, 9th. The business services provider reported $4.26 EPS for the quarter, beating the consensus estimate of $3.61 by $0.65. The business services provider had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $5.99 billion. SYNNEX had a return on equity of 18.84% and a net margin of 2.11%. The firm's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.65 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 Wednesday, March 25th 2020. 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, 9th. The company provided 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?

6 analysts have issued 12 month target prices for SYNNEX's shares. Their forecasts range from $120.00 to $175.00. On average, they expect SYNNEX's share price to reach $155.83 in the next year. This suggests a possible upside of 17.0% 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.

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 headlines about SNX stock have trended very negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SYNNEX earned a news impact score of -3.3 on InfoTrie's scale. They also gave news stories 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 effect on the company's share price in the next few days. View News Stories for SYNNEX.

Are investors shorting SYNNEX?

SYNNEX saw a decrease in short interest in January. As of January 31st, there was short interest totalling 1,240,000 shares, a decrease of 17.9% from the January 15th total of 1,510,000 shares. Based on an average daily volume of 343,200 shares, the short-interest ratio is presently 3.6 days. Currently, 3.0% of the shares of the company 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), Micron Technology (MU), AbbVie (ABBV), Advanced Micro Devices (AMD), Mastercard (MA), Netflix (NFLX) and Paypal (PYPL).

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 investors include FMR LLC (13.04%), Lyrical Asset Management LP (2.45%), Boston Partners (2.08%), State Street Corp (1.95%), LSV Asset Management (1.20%) and Goldman Sachs Group Inc. (1.12%). 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 FMR LLC, Goldman Sachs Group Inc., Prudential Financial Inc., Clark Capital Management Group Inc., Victory Capital Management Inc., First Trust Advisors LP, Russell Investments Group Ltd. and Principal Financial Group 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 for SYNNEX.

Which institutional investors are buying SYNNEX stock?

SNX stock was bought by a variety of institutional investors in the last quarter, including Lyrical Asset Management LP, AQR Capital Management LLC, Hennessy Advisors Inc., Mackay Shields LLC, SG Capital Management LLC, Victory Capital Management Inc., Marks Group Wealth Management Inc and Connor Clark & Lunn Investment Management 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, Robinhood, Fidelity and Charles Schwab.

What is SYNNEX's stock price today?

One share of SNX stock can currently be purchased for approximately $133.16.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $6.85 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:  511 (Vote Outperform)
Underperform Votes:  581 (Vote Underperform)
Total Votes:  1,092
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 2/26/2020 by MarketBeat.com Staff

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