SYNNEX

TD SYNNEX Corp. engages in the distribution and aggregation of solutions in the information technology ecosystem. It operates through the following geographical segments: Americas, Europe, and Asia-Pacific and Japan. The firm offers IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. It also provides system design and integration solutions. The company was founded by Robert T. Huang in 1980 and is headquartered in Fremont, CA.

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SYNNEX (SNX) surpasses Q4 targets, eyes IT spending growth

SYNNEX delivered strong financial performance, exceeding targets and showcasing growth across regions and business segments. Challenges lie in the PC market and supply chain constraints, but opportunities abound in IT spending growth and cost synergies realization.

SYNNEX (SNX) reports resilient Q1 performance amidst market challenges

SYNNEX (SNX) delivered a solid performance in Q1 despite challenges in the PC market, showcasing strength in high growth technologies and resilient segments like SMB and government spend.
The company faces challenges related to customer caution, inventory management, and endpoint device improvements but sees opportunities in market expansion, efficiency gains, and technological advancements.
Overall sentiment remains stable across sales channels, with a focus on capital allocation, cash flow generation, and shareholder returns through dividends and share repurchases.
Interest expense is expected to decrease in the second half, and the company is well-positioned to leverage growth opportunities in advanced solutions and new technologies.

SYNNEX shows resilience in Q2, eyes market recovery and M&A

SYNNEX's Q2 showcased resilience, growth in Advanced Solutions, and cost synergies. Challenges include PC demand decline and elongated sales cycles. Opportunities lie in market sentiment recovery, M&A pursuits, and tech spending trends.

SYNNEX reports positive Q3 results amidst European challenges and growth opportunities

SYNNEX's Q3 performance showed growth in key areas but faced challenges in Europe due to macroeconomic factors.
The company's focus on cost optimization and new solutions highlights a commitment to driving value for customers.
While maintaining market share in the Americas, efforts are ongoing to address challenges and capitalize on growth opportunities.
Overall, SYNNEX remains optimistic about future prospects and is actively working towards further optimization and expansion.

SYNNEX (SNX) surpasses Q4 expectations, eyes growth amidst challenges

SYNNEX (SNX) reported strong Q4 results, exceeding expectations in key financial metrics and showcasing resilience amidst market challenges. The company's focus on ESG, digital capabilities, and strategic investments positions it well for future growth. Challenges in margin optimization and market headwinds require careful navigation, but opportunities for growth through new segments and improved solution offerings are on the horizon.

SYNNEX (SNX) reports strong Q1 earnings, eyes AI opportunities

SYNNEX (SNX) had a strong start to the fiscal year with record margins and solid growth in Advanced Solutions. Despite challenges in mobile devices and some billing declines, the company remains optimistic about future opportunities.
The outlook for Q2 shows expectations for continued financial strength, with a focus on AI-related demand and strategic decisions to optimize revenue growth. Management's appreciation for quarter performance and dedication of coworkers highlight a positive outlook for the company.
With a focus on maintaining financial performance, capitalizing on AI-related opportunities, and addressing challenges in specific segments, SYNNEX (SNX) aims to navigate market dynamics and drive growth in the coming quarters.

SYNNEX Q2 Earnings Up, Bullish on AI and New CEO

SYNNEX's Q2 2024 earnings call highlighted a positive financial trajectory with a 3% increase in gross billings and strong shareholder returns. The company is optimistic about future growth, driven by technological investments and new leadership under CEO Patrick Zammit. AI and AI PCs are identified as key growth areas.

SYNNEX reports growth in Q3 earnings, eyes AI investments

SYNNEX demonstrated solid performance in Q3 with growth in gross billings and a focus on key business priorities.
While facing challenges in non-GAAP gross profit, the company aims to optimize cost management and drive free cash flow.
Opportunities lie in investments in AI, strategic technologies, and potential M&A strategies to fuel future growth and innovation.

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FREMONT, Calif., June 10, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced it will report its financial results for the second quarter of fiscal 2021 after market close on Thursday, June 24, 2021.

SYNNEX Corporation to Announce Second Quarter Fiscal 2021 Results on June 24, 2021

ORLANDO, Fla., June 7, 2021 /PRNewswire/ -- Smart Charging Technologies LLC (SCT), the developer of the newly released smart IoT DC micro UPS, Switch Always On, today announced that it has entered into a distribution agreement with SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design integration services for the technology industry.

Smart Charging Technologies LLC (SCT) Announces Distribution Agreement with SYNNEX Corporation for Switch Always On

GREENVILLE, S.C., May 25, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, and SYNNEX Canada Limited, a wholly-owned subsidiary of SYNNEX, announced today they were each honored as Aruba's 2021 Distributors of the Year for the US and Canada.

SYNNEX Corporation Named Aruba Distributor of the Year for US and Canada

Louisiana-Pacific

Primerica

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3 Stocks Trading Below the Peter Lynch Fair Value

GREENVILLE, S.C., May 12, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that CRN ® , a brand of The Channel Company, has named 16 SYNNEX executives to the highly respected 2021 Women of the Channel list, with two making the Power 100 list.

SYNNEX Corporation Announces 16 Executives Named to CRN Women of the Channel with Two Names Added to the Power 100

Guidewire Software

MSCI

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NEWARK, Calif.--(BUSINESS WIRE)-- #PAM--Fudo Security teams with SYNNEX Corporation (NYSE: SNX) to deliver Zero Trust network security

Fudo Security Teams with SYNNEX to Deliver Zero Trust Network Security Powered by Intelligent Privileged Access Management

Synnex (SNX) reported earnings 30 days ago. What's next for the stock?

Synnex (SNX) Up 14.7% Since Last Earnings Report: Can It Continue?

FREMONT, Calif., April 19, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, announced today that it has entered into a new $5.0 billion credit facility consisting of a $1.5 billion term loan and a $3.5 billion revolving credit facility with 29 leading financial institutions.

SYNNEX Corporation Successfully Enters into $5.0 Billion Credit Facility

SYNNEX (SNX) to distribute Sonim Technologies' XP8 ultra-rugged smartphone and RS60 and RS80 rugged SmartScanners across North America.

SYNNEX (SNX) to Distribute Sonim's Scanners & Smartphone

Citrix Systems

GREENVILLE, S.C., April 19, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced a new distribution agreement with Citrix Systems, Inc. (NASDAQ: CTXS).

SYNNEX Corporation Announces Distribution Agreement with Citrix

Sonim Technologies Inc

AUSTIN, Texas, April 15, 2021 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) announced today it has entered into an agreement with SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, to distribute Sonim's RS60 and RS80 rugged SmartScanners and XP8 ultra-rugged smartphone across North America. "We are thrilled to be partnering with a large and trusted industry leader like SYNNEX," said John Graff, Chief Marketing Officer, Sonim Technologies.

Sonim Signs Agreement with SYNNEX Corporation to Distribute Sonim's Rugged Handheld and Tablet Offerings in North America

SAN JOSE, Calif., April 6, 2021 /PRNewswire/ -- Hyve Solutions Corporation, a wholly owned subsidiary of SYNNEX Corporation (NYSE: SNX) and a leading provider of hyperscale digital infrastructures, today announced it is incorporating the latest 3rd Gen Intel Xeon Scalable processors across its storage, general compute and AI platforms to enable its customers to benefit from the significant performance gains.

Hyve Solutions Leverages Latest 3rd Gen Intel Xeon Scalable Processors for its Customers

NEW YORK, March 27, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating SYNNEX Corp. ("SNX" or the "Company") (SNX) relating to its proposed merger with Tech Data Corp.. Under the terms of the agreement, SNX shareholders will own 55% of the combined company.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of SYNNEX Corp. - SNX

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SYNNEX's (SNX) first-quarter fiscal 2021 results benefit from strong demand for its technology products and services.

SYNNEX's (SNX) Q1 Earnings & Revenues Top Estimates, Up Y/Y

Synnex (SNX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Synnex (SNX) Surges 6.5%: Is This an Indication of Further Gains?

SYNNEX Corporation (SNX) CEO Dennis Polk on Q1 2021 Results - Earnings Call Transcript

NEW YORK, March 22, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of SYNNEX Corporation ("SYNNEX" or the "Company") (NYSE: SNX) in connection with the proposed acquisition of the Company by Tech Data, which is wholly owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) ("Apollo Funds"). Upon consummation of the transaction, the Company's shareholders will own approximately 55% of the combined entity, with Apollo Funds owning approximately 45%.

SHAREHOLDER ALERT: WeissLaw LLP Investigates SYNNEX Corporation

IT solutions firm Synnex Corp (NYSE: SNX) and IT distribution company Tech Data, owned by funds affiliated to Apollo Global Management Inc (NYSE: APO), inked a merger agreement to combine under a $7.2 billion deal. What Happened: The combined company, with $57 billion in estimated pro forma annual revenues, would provide customers and vendors with expansive reach across products, services, and geographies to fast-track technology adoption.

Synnex To Merge With Tech Data In $7.2B Deal

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of SYNNEX Corporation (NYSE: SNX) and Tech Data Corporation is fair to SYNNEX shareholders. Halper Sadeh encourages SYNNEX shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether SYNNEX and its board of directors

SYNNEX Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of SYNNEX Corporation Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – SNX

IT solutions firm Synnex is to merge with Tech Data in a deal worth about $7.2 billion, including debt.

Synnex and Tech Data's $7.2B merger spawns an IT solutions behemoth

Synnex (SNX) delivered earnings and revenue surprises of 11.18% and 4.78%, respectively, for the quarter ended February 2021. Do the numbers hold clues to what lies ahead for the stock?

Synnex (SNX) Q1 Earnings and Revenues Beat Estimates

Shares of Synnex (NYSE:SNX) moved higher by 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 42.02% over the past year to $1.89, which beat the estimate of $1.69.

Synnex: Q1 Earnings Insights

Shares of Synnex Corp. soared 10.5% into record territory in premarket trading Monday, after the distribution, systems design and integration services company announced an agreement to merge with Apollo Global Management Inc.'s Tech Data in a deal valued at $7.2 billion, including debt. Under terms of the deal, Apollo will receive 44 million shares of Synnex common stock, plus the refinancing of existing Tech Data debt and preferred shares worth $2.7 billion.

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