SYNNEX Corporation Reports Fiscal 2016 Second Quarter Results
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Brean Capital Raises Price Target on SYNNEX Corp. (SNX) Following 2Q Beat
June 24, 2016 10:51 AM EDTBrean Capital reiterated a Buy rating on SYNNEX Corp. (NYSE: SNX), and raised the price target to $108.00 (from $97.00) following the company's 2Q earnings report. SNX reported revenue and EPS of $3.4B and $1.37, both ahead of the Street's estimates of $3.3B and $1.35. Management commented that... More
Raymond James Remains Sidelined on SYNNEX Corp. (SNX) Following 2Q
June 24, 2016 9:03 AM EDTRaymond James maintained a Market Perform rating on SYNNEX Corp. (NYSE: SNX) following the company's 2Q earnings report. Upside to the quarter is entirely attributable to TS. TS revenue grew 4.6% y/y to $3.0 billion, 4% above Raymond James' estimate.
Analyst Brian Alexander commented, "We maintain our Market Perform... More
SYNNEX Corp. (SNX) Declares $0.20 Quarterly Dividend; 0.9% Yield
June 23, 2016 4:22 PM EDTSYNNEX Corp. (NYSE: SNX) declared a quarterly dividend of $0.20 per share, or $0.8 annualized.
The dividend will be payable on July 29, 2016, to stockholders of record on July 15, 2016, with an ex-dividend date of July 13, 2016.
The annual yield on the dividend is 0.9 percent.
For... More
SYNNEX Corp. (SNX) Tops Q2 EPS by 6c; Issues Solid Q3 Outlook
June 23, 2016 4:22 PM EDTSYNNEX Corp. (NYSE: SNX) reported Q2 EPS of $1.37, $0.06 better than the analyst estimate of $1.31. Revenue for the quarter came in at $3.38 billion versus the consensus estimate of $3.28 billion.
"During our second quarter, we achieved sales and profit results above our expectations." stated Kevin... More
