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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SYNNEX (SNX) moves another step ahead with its planned spin-off of the Concentrix business by filing a Form 10 Registration Statement with SEC in this connection.

SYNNEX (SNX) Moves Ahead With Concentrix Spin-Off Plan

FREMONT, Calif., Sept. 8, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced that it is continuing to make meaningful progress on the previously announced plan to separate into two independent public companies and has made a.

SYNNEX Corporation Announces Update on Concentrix Spin-Off

Synnex Corporation: A Value Play In The Tech Sector

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Sometime in the second half of 2020, Synnex Corp. (NYSE:SNX) is expected to complete the plan to spin off its subsidiary Concentrix.

A New Synnex Ahead and a New Concentrix, Too

GREENVILLE, S.C., Aug. 4, 2020 /PRNewswire/ -- Today, SYNNEX Corporation (NYSE: SNX), a leading business process services company, was named a 2019 "HP Inc.

SYNNEX Corporation Named "HP Inc. Partner of the Year"

Synnex (SNX) closed the most recent trading day at $124.21, moving -0.01% from the previous trading session.

Synnex (SNX) Stock Moves -0.01%: What You Should Know

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

Why Is Synnex (SNX) Up 19.7% Since Last Earnings Report?

Synnex Inc (NYSE:SNX) was trading 0.4% higher from the previous closing price. A Form 4 filing filed with the SEC on Tuesday, July 21 showed that Steffensen Dwight sold 524 shares at an average price of $121.80.

Insider Sells Synnex's Shares

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GREENVILLE, S.C., July 15, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced that Bob Stegner, Senior Vice President, Marketing, North America, has been named to the CompTIA IT Hall of Fame in recognition of the decades-long...

SYNNEX Corporation's Bob Stegner Named to CompTIA IT Hall of Fame

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GREENVILLE, S.C., July 7, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, announces additional benefits to its award-winning SYNNEX Westcon Secure Networking Program, recognized in the 2020 CRN Program Guide. The team builds on its...

SYNNEX Westcon Builds on its Secure Networking Program for 2020

SYNNEX (SNX) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

Why SYNNEX (SNX) Could Be Positioned for a Surge

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Here's Why Synnex (SNX) is a Great Momentum Stock to Buy

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MADISON HEIGHTS, Mich., July 2, 2020 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Automatic Data Processing Inc. (NASDAQ: ADP) as its September 2020 "Stock to Study" and Synnex Corp. (NYSE: SNX) September 2020 its...

BetterInvesting™ Magazine Chooses ADP As "Growth" Stock and Synnex As "Undervalued" For September 2020 Issue

Synnex (SNX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Synnex (SNX): Will It Gain?

The company crushed Wall Street's second-quarter estimates and set up bullish targets for the next reporting period.

Why Synnex Stock Is Soaring Today

SYNNEX's (SNX) second-quarter fiscal 2020 results are hurt from the coronavirus-led disruptions in operations.

SYNNEX (SNX) Q2 Earnings & Revenues Beat Estimates, Down Y/Y

SYNNEX Corporation (SNX) CEO Dennis Polk on Q2 2020 Results - Earnings Call Transcript

GREENVILLE, S.C., June 25, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, announces that Hewlett Packard Enterprise has named SYNNEX its 2020 North America Distributor of the Year. HPE recognized the winners of its Partner Awards during...

Hewlett Packard Enterprise Honors SYNNEX Corporation as 2020 North America Distributor of the Year

Synnex (SNX) delivered earnings and revenue surprises of 258.82% and 8.27%, respectively, for the quarter ended May 2020. Do the numbers hold clues to what lies ahead for the stock?

Synnex (SNX) Surpasses Q2 Earnings and Revenue Estimates

FREMONT, Calif., June 25, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced financial results for the fiscal second quarter ended May 31, 2020. Q2 FY20 Q2 FY19 Net change Revenue ($M) $ 5,533 $ 5,723 -3.3% Operating income...

SYNNEX Corporation Reports Second Quarter Fiscal 2020 Results

Slowdown in technology spending by enterprises and supply-chain disruptions due to the coronavirus outbreak might have affected SYNNEX's (SNX) Q2 performance.

News for SYNNEX Stock (SNX)