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NYSE:SNX

SYNNEX Stock Forecast, Price & News

$80.94
+1.76 (+2.22 %)
(As of 12/4/2020 12:00 AM ET)
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Compare
Today's Range
$79.01
Now: $80.94
$82.02
50-Day Range
$76.02
MA: $144.29
$164.02
52-Week Range
$21.25
Now: $80.94
$83.40
Volume964,919 shs
Average Volume999,899 shs
Market Capitalization$4.17 billion
P/E Ratio8.55
Dividend Yield0.51%
Beta1.51
SYNNEX Corporation provides business process services in the United States and internationally. 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 experience, process optimization, technology innovation, front and back-office automation, and business transformation services. This segment serves clients in various industry verticals, including automotive; banking, financial services, and insurance; energy and public-sector; healthcare; media and communications; retail and e-commerce; technology and consumer electronics; and travel and transportation. 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.
SYNNEX logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.6Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.36 out of 5 stars


Industry, Sector and Symbol

Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
CUSIP87162W10
Phone510-656-3333
Employees252,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.76 billion
Cash Flow$11.21 per share
Book Value$79.42 per share

Profitability

Net Income$500.71 million

Miscellaneous

Market Cap$4.17 billion
Next Earnings Date1/14/2021 (Estimated)
OptionableOptionable
$80.94
+1.76 (+2.22 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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SYNNEX (NYSE:SNX) Frequently Asked Questions

How has SYNNEX's stock been impacted by Coronavirus?

SYNNEX's stock was trading at $101.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SNX shares have decreased by 19.9% and is now trading at $80.94.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than SYNNEX?

Wall Street analysts have given SYNNEX a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but SYNNEX wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is SYNNEX's next earnings date?

SYNNEX is scheduled to release its next quarterly earnings announcement on Thursday, January 14th 2021.
View our earnings forecast for SYNNEX
.

How were SYNNEX's earnings last quarter?

SYNNEX Co. (NYSE:SNX) issued its earnings results on Sunday, October, 4th. The business services provider reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $1.07. The business services provider earned $6.47 billion during the quarter, compared to the consensus estimate of $5.70 billion. SYNNEX had a return on equity of 16.78% and a net margin of 2.06%. The business's revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $3.30 earnings per share.
View SYNNEX's earnings history
.

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

SYNNEX announced a quarterly dividend on Friday, January 10th. Investors 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 dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 23rd. This is an increase 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 issued an update on its fourth quarter earnings guidance on Tuesday, September, 29th. The company provided EPS guidance of $3.68-$3.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36. The company issued revenue guidance of $6.45-$6.65 billion, compared to the consensus revenue estimate of $6.04 billion.

What price target have analysts set for SNX?

6 analysts have issued 12-month price targets for SYNNEX's stock. Their forecasts range from $130.00 to $180.00. On average, they anticipate SYNNEX's stock price to reach $159.67 in the next twelve months. This suggests a possible upside of 97.3% from the stock's current price.
View analysts' price targets for SYNNEX
.

Are investors shorting SYNNEX?

SYNNEX saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 727,100 shares, a drop of 21.0% from the October 15th total of 920,800 shares. Based on an average daily volume of 341,500 shares, the short-interest ratio is presently 2.1 days. Currently, 1.8% of the shares of the company are sold short.
View SYNNEX's Short Interest
.

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 NVIDIA (NVDA), The Walt Disney (DIS), Alibaba Group (BABA), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), QUALCOMM (QCOM), salesforce.com (CRM), UnitedHealth Group (UNH), AbbVie (ABBV) and Broadcom (AVGO).

Who are SYNNEX's key executives?

SYNNEX's management team includes the following people:
  • Mr. Dennis Polk, Pres, CEO & Director (Age 53, Pay $3.16M)
  • Mr. Marshall W. Witt, Chief Financial Officer (Age 54, Pay $1.12M)
  • Mr. Peter Larocque, Pres of North America Technology Solutions (Age 58, Pay $2.16M)
  • Mr. Christopher Caldwell, Exec. Vice-Pres (Age 47, Pay $1.94M)
  • Mr. Michael Urban, Pres of Worldwide Technology Solutions Distribution (Age 55, Pay $1.47M)
  • Mr. Mike Vaishnav, Sr. VP of Corp. Fin. & Treasurer
  • Mr. Simon Y. Leung, Sr. VP, Gen. Counsel & Corp. Sec. (Age 54)
  • Mr. Scott Barker, Sr. VP of Wide Format Sales, Technology Solutions
  • Mr. Vikram Sinha, Corp. Controller & Investor Relations

What is SYNNEX's stock symbol?

SYNNEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNX."

Who are SYNNEX's major shareholders?

SYNNEX's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.57%), JPMorgan Chase & Co. (3.04%), Abrams Bison Investments LLC (2.46%), Boston Partners (2.28%), AQR Capital Management LLC (1.90%) and State Street Corp (1.89%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Dwight Steffensen, Fred A Breidenbach, Kevin M Murai, Marshall Witt, Matthew Miau, Michael Urban, 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 BlackRock Inc., First Trust Advisors LP, AQR Capital Management LLC, Federated Hermes Inc., Cubist Systematic Strategies LLC, JPMorgan Chase & Co., Allianz Asset Management GmbH, and New York State Common Retirement Fund. Company insiders that have sold SYNNEX company stock in the last year include Andrea M Zulberti, Dwight Steffensen, Fred A Breidenbach, Kevin M Murai, Marshall Witt, Michael Urban, Peter Larocque, Simon Leung, and Thomas S Wurster.
View insider buying and selling activity for SYNNEX
.

Which institutional investors are buying SYNNEX stock?

SNX stock was purchased by a variety of institutional investors in the last quarter, including Ninety One UK Ltd, Abrams Bison Investments LLC, Greenlight Capital Inc., Fuller & Thaler Asset Management Inc., Arrowstreet Capital Limited Partnership, Los Angeles Capital Management & Equity Research Inc., Boston Partners, and Provident Investment Management 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 activity 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 $80.94.

How big of a company is SYNNEX?

SYNNEX has a market capitalization of $4.17 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 252,000 workers across the globe.

What is SYNNEX's official website?

The official website for SYNNEX is 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]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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