Latest news with #TDSYNNEX
Yahoo
3 days ago
- Business
- Yahoo
IT Distribution & Solutions Stocks Q1 Highlights: CDW (NASDAQ:CDW)
Looking back on it distribution & solutions stocks' Q1 earnings, we examine this quarter's best and worst performers, including CDW (NASDAQ:CDW) and its peers. IT Distribution & Solutions will be buoyed by the increasing complexity of IT ecosystems, rising cloud adoption, and demand for cybersecurity solutions. Enterprises are less likely than ever to embark on these complicated journeys solo, and companies in the sector boast expertise and scale in these areas. However, cloud migration also means less need for hardware, which could dent demand for large portions of the product portfolio and hurt margins. Additionally, planning for potentially supply chain disruptions is ongoing, as the COVID-19 pandemic showed how damaging a pause in global trade could be in areas like semiconductor procurement. The 8 it distribution & solutions stocks we track reported a mixed Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 3% on average since the latest earnings results. Serving as a crucial bridge between technology manufacturers and end users since 1984, CDW (NASDAQ:CDW) is a multi-brand provider of information technology solutions that helps businesses and public sector organizations select, implement, and manage hardware, software, and IT services. CDW reported revenues of $5.20 billion, up 6.7% year on year. This print exceeded analysts' expectations by 5.3%. Overall, it was an exceptional quarter for the company with an impressive beat of analysts' EPS estimates. "The team delivered an excellent start to 2025, as they once again helped customers navigate dynamic market conditions and accomplish mission critical outcomes," said Christine A. Leahy, chair and chief executive officer, CDW. The stock is up 7.4% since reporting and currently trades at $176.12. Is now the time to buy CDW? Access our full analysis of the earnings results here, it's free. Starting as a small computer products seller in 1982 and evolving into a Fortune 1000 company, Connection (NASDAQ:CNXN) is a technology solutions provider that helps businesses and government agencies design, purchase, implement, and manage their IT infrastructure and systems. Connection reported revenues of $701 million, up 10.9% year on year, outperforming analysts' expectations by 8.5%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates. Connection delivered the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 4.6% since reporting. It currently trades at $64.88. Is now the time to buy Connection? Access our full analysis of the earnings results here, it's free. Serving as the crucial middleman in the technology supply chain, TD SYNNEX (NYSE:SNX) is a global technology distributor that connects thousands of IT manufacturers with resellers, helping businesses access hardware, software, and technology solutions. TD SYNNEX reported revenues of $14.53 billion, up 4% year on year, falling short of analysts' expectations by 1.7%. It was a softer quarter as it posted a miss of analysts' EPS estimates. As expected, the stock is down 2.4% since the results and currently trades at $122.50. Read our full analysis of TD SYNNEX's results here. With a century-long history of adapting to technological evolution, Avnet (NASDAQ:AVT) is a global electronic components distributor that connects manufacturers of semiconductors and other electronic parts with businesses that need these components. Avnet reported revenues of $5.32 billion, down 6% year on year. This number met analysts' expectations. Taking a step back, it was a mixed quarter as it also logged an impressive beat of analysts' EPS estimates. The stock is down 1.2% since reporting and currently trades at $50.62. Read our full, actionable report on Avnet here, it's free. Starting as a financing company in 1990 before evolving into a full-service technology provider, ePlus (NASDAQ:PLUS) provides comprehensive IT solutions, professional services, and financing options to help organizations optimize their technology infrastructure and supply chain processes. ePlus reported revenues of $498.1 million, down 10.2% year on year. This result missed analysts' expectations by 4.9%. Zooming out, it was actually a satisfactory quarter as it produced a solid beat of analysts' EPS estimates. The stock is up 7.8% since reporting and currently trades at $71. Read our full, actionable report on ePlus here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
A Look Back at IT Distribution & Solutions Stocks' Q1 Earnings: TD SYNNEX (NYSE:SNX) Vs The Rest Of The Pack
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let's take a look at how it distribution & solutions stocks fared in Q1, starting with TD SYNNEX (NYSE:SNX). IT Distribution & Solutions will be buoyed by the increasing complexity of IT ecosystems, rising cloud adoption, and demand for cybersecurity solutions. Enterprises are less likely than ever to embark on these complicated journeys solo, and companies in the sector boast expertise and scale in these areas. However, cloud migration also means less need for hardware, which could dent demand for large portions of the product portfolio and hurt margins. Additionally, planning for potentially supply chain disruptions is ongoing, as the COVID-19 pandemic showed how damaging a pause in global trade could be in areas like semiconductor procurement. The 8 it distribution & solutions stocks we track reported a mixed Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 3.6% on average since the latest earnings results. Serving as the crucial middleman in the technology supply chain, TD SYNNEX (NYSE:SNX) is a global technology distributor that connects thousands of IT manufacturers with resellers, helping businesses access hardware, software, and technology solutions. TD SYNNEX reported revenues of $14.53 billion, up 4% year on year. This print fell short of analysts' expectations by 1.7%. Overall, it was a softer quarter for the company with a miss of analysts' EPS estimates. 'The strength of our business model allowed us to grow ahead of the market in Q1. Our end-to-end strategy, global reach and specialist go to market approach continues to empower us to capture a wide range of IT spend,' said Patrick Zammit, CEO of TD SYNNEX. The stock is down 2% since reporting and currently trades at $122.96. Read our full report on TD SYNNEX here, it's free. Starting as a small computer products seller in 1982 and evolving into a Fortune 1000 company, Connection (NASDAQ:CNXN) is a technology solutions provider that helps businesses and government agencies design, purchase, implement, and manage their IT infrastructure and systems. Connection reported revenues of $701 million, up 10.9% year on year, outperforming analysts' expectations by 8.5%. The business had an incredible quarter with a solid beat of analysts' EPS estimates. Connection scored the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 5% since reporting. It currently trades at $65.14. Is now the time to buy Connection? Access our full analysis of the earnings results here, it's free. Operating as a crucial link in the technology supply chain since 1992, ScanSource (NASDAQ:SCSC) is a hybrid distributor that connects hardware, software, and cloud services from technology suppliers to resellers and business customers. ScanSource reported revenues of $704.8 million, down 6.3% year on year, falling short of analysts' expectations by 9.4%. It was a slower quarter as it posted full-year revenue guidance missing analysts' expectations. ScanSource delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 14.8% since the results and currently trades at $41.37. Read our full analysis of ScanSource's results here. Serving as a crucial bridge between technology manufacturers and end users since 1984, CDW (NASDAQ:CDW) is a multi-brand provider of information technology solutions that helps businesses and public sector organizations select, implement, and manage hardware, software, and IT services. CDW reported revenues of $5.20 billion, up 6.7% year on year. This print beat analysts' expectations by 5.3%. It was an exceptional quarter as it also put up a solid beat of analysts' EPS estimates. The stock is up 9.1% since reporting and currently trades at $179. Read our full, actionable report on CDW here, it's free. With a century-long history of adapting to technological evolution, Avnet (NASDAQ:AVT) is a global electronic components distributor that connects manufacturers of semiconductors and other electronic parts with businesses that need these components. Avnet reported revenues of $5.32 billion, down 6% year on year. This number met analysts' expectations. Zooming out, it was a mixed quarter as it also logged an impressive beat of analysts' EPS estimates. The stock is flat since reporting and currently trades at $51. Read our full, actionable report on Avnet here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Business Wire
5 days ago
- Business
- Business Wire
TD SYNNEX to Announce Second Quarter Fiscal 2025 Results on June 24, 2025
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it will report its financial results for the second quarter of fiscal 2025 before the U.S. market opens on Tuesday, June 24, 2025. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit follow our newsroom or follow us on LinkedIn, Facebook and Instagram. Safe Harbor Statement Statements in this news release that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release. Copyright 2025 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.
Business Wire
6 days ago
- Business
- Business Wire
Cloudflare and TD SYNNEX Expand Partnership to Secure Latin America with Managed Services
MEXICO CITY & SíO PAULO--(BUSINESS WIRE)-- Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, and TD SYNNEX (NYSE: SNX), a leading IT solutions distributor, today announced they are expanding their partnership to deliver managed security services in Latin America. The collaboration expands TD SYNNEX's portfolio of solutions to include Cloudflare's Zero Trust, Secure Access Service Edge (SASE), Application Security, and Network Security solutions in Latin America, creating new routes to market for Managed Security Services Partners (MSSPs). Businesses across Latin America are facing hybrid work environment complexities alongside dynamic threat landscapes. In the most recent first quarter of 2025 alone, Cloudflare blocked an average of 30 billion cyber threats in Latin America every single day, up 27 percent from the previous quarter. Organizations are looking to acquire complete threat protection and operational performance, yet are struggling to manage the costs and complexities associated with multiple vendor solutions pieced together. On the other side, partners are seeking to build out comprehensive practices with clear revenue streams. In contrast to learning and implementing four or five different platforms to deliver a full tech stack, a MSSP can now leverage Cloudflare's full connectivity cloud services platform. The Cloudflare platform is available in a single interface making it simple for MSSPs to deploy and manage their customer's security solutions with operational efficiency. Cloudflare autonomously blocks threats across the region with its global infrastructure network, which is one of the largest and most interconnected in the world, today spanning 64 cities in Latin America and the Caribbean. Customers adopting the entire Cloudflare suite are able to save about 50 percent over what they were spending versus trying to cobble together numerous, different solutions. In addition, a Cloudflare commissioned Forrester Consulting Total Economic Impact™ study focused on a composite organization representative of interviewed customers using Cloudflare, found that they achieved a 238% ROI over three years, from broad use of the Cloudflare platform. 'Cloudflare is the only company now offering a broad range of application services, network services, and SASE services on our own network through a single platform to MSSPs,' said Tom Evans, Chief Partner Officer at Cloudflare. 'Partners are fundamental to extending critical security protections with operational efficiency and we are thrilled to be growing our partnership with TD SYNNEX to deliver managed services in Latin America.' 'The demand for managed security services is accelerating in Latin American countries with prominent market domination of SMBs and small enterprises. We see local organizations having dozens of different cybersecurity vendors and this brings more complexities and costs, putting cybersecurity management at risk," said Carlos Torales, Vice President of Latin America at Cloudflare. 'With TD SYNNEX, Cloudflare's connectivity cloud platform can now bridge the gap for MSSPs to have highly efficient operations and robust cybersecurity all while controlling operational costs.' 'As cyber threats become more sophisticated, the demand for advanced managed security services continues to surge,' said Marcos Murata, Vice President, Vendor Management and Business Strategy for TD SYNNEX in Latin America. 'Integrating Cloudflare's security suite into our portfolio empowers our MSSP partners in LAC with a ready-to-deploy security stack that reduces complexity, accelerates time-to-market, and enables flexible delivery. With our strong sales and technical enablement capabilities, we're helping partners deliver cost-effective solutions tailored to the region's unique needs. Together, we're not just elevating cybersecurity — we are building a more resilient and secure digital ecosystem.' Cloudflare and TD SYNNEX have been partnering since 2021. The latest MSSP expansion in Latin America extends Cloudflare's connectivity cloud platform in a single unified interface while TD Synnex equips partners with the comprehensive cloud-native security services and program enablement. To learn more, please check out the resources below: About Cloudflare Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company on a mission to help build a better Internet. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare's connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business. Powered by one of the world's largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe. Learn more about Cloudflare's connectivity cloud at Learn more about the latest Internet trends and insights at About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit or follow us on LinkedIn, Facebook and Instagram. Copyright 2025 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners. Cloudflare Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'should,' 'expect,' 'explore,' 'plan,' 'anticipate,' 'could,' 'intend,' 'target,' 'project,' 'contemplate,' 'believe,' 'estimate,' 'predict,' 'potential,' or 'continue,' or the negative of these words, or other similar terms or expressions that concern Cloudflare's expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare's Zero Trust, Secure Access Service Edge (SASE), Application Security, Network Security,] and other products and technology, the benefits to Cloudflare's customers from using its Zero Trust, (SASE, Application Security, Network Security, and other products and technology, Cloudflare's partnership with TD SYNNEX and the potential resulting benefits to Cloudflare customers, the potential opportunity for Cloudflare to attract additional customers and to expand sales to existing customers through Cloudflare's partnership with TD SYNNEX, Cloudflare's technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare's Chief Partner Officer and VP of Latin American Sales and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare's filings with the Securities and Exchange Commission (SEC), including Cloudflare's Quarterly Report on Form 10-Q filed on May 8, 2025, as well as other filings that Cloudflare may make from time to time with the SEC. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare's forward-looking statements, and you should not place undue reliance on Cloudflare's forward-looking statements. © 2025 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
Business Wire
13-05-2025
- Business
- Business Wire
TD SYNNEX Accelerates Innovation and Growth Through New Partner Loyalty Program
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE:SNX) today announced the launch of a new Partner Loyalty program in North America, an initiative designed to boost and reward partner ecosystem engagement and incentivize sustained growth by connecting partners with specialized resources, sales support and skills-building opportunities. It is now available at no additional fee to eligible partners prioritizing growth and leveraging TD SYNNEX's Advanced Solutions portfolio, consisting of AI, modern infrastructure, security, cloud and analytics solutions, and will expand to other partner types later this year. According to TD SYNNEX's Third Annual Direction of Technology report, over half of partners identified expanding their technology and solution offerings as their top strategy for growth. The Partner Loyalty program uniquely positions partners to achieve this expansion through a tier-based model that provides them with tailored solutions and market insights based on their business size and portfolio, along with marketing, travel and learning incentives that advance their growth. 'Collaboration is the core of our business at TD SYNNEX, and we are constantly identifying creative ways to support our partners' business goals,' said Jessica McDowell, SVP, North America Marketing and Digital Customer Success at TD SYNNEX. 'We have a comprehensive collection of tools, services and solutions to support our partners, but we understand it can often be tough to know where to focus next. Through the Partner Loyalty program, we are not only rewarding partners for the great work they are already doing, but also incentivizing new activities that can help us achieve mutual business growth. This demonstrates how much we value their trust in our partnership and shows how we can truly win together.' A key component of the program is the Partner Loyalty digital platform – a hub designed to streamline the partner experience and strengthen long-term engagement. By integrating with partners' existing TD SYNNEX accounts, it delivers real-time incentive tracking and consolidated access to partners' most-used platforms, services and support teams. Partners can earn additional benefits by adopting new technology segments and vendor lines, attending TD SYNNEX events and leveraging TD SYNNEX training services and financing programs. As the year progresses, the range of rewarded activities and associated incentives will expand. Current benefits include: Earning complimentary MDF StreamOne® account credit that can be used to purchase new solutions or manage current subscriptions Employee training and certification opportunities to support continued learning and skills building Travel credit towards TD SYNNEX and industry events, along with exclusive event experiences Special interest rates or extended term options via TD SYNNEX Capital and Amplify 'We are the bridge between cutting-edge technology and real-world impact — and that impact starts with our partners. Their success is our priority. We know their time is valuable and their options are many. When they choose TD SYNNEX, we make that choice count. Our Loyalty Program rewards partners who lead with innovation and drive meaningful change,' added Calhoun McKinney, VP, North America Go to Market for TD SYNNEX. The Partner Loyalty program was unveiled to partners at the 2025 High-Growth Conference in Los Angeles, Calif. It was piloted with select Advanced Solutions partners who provided vital feedback on the program before rolling it out to the larger Advanced Solutions partner base. Theo Warffemius, of DenPro Inc and TD SYNNEX Partner shared, 'Navigating today's dynamic IT market requires agility, adaptability and a keen eye for what's next. TD SYNNEX has been instrumental in simplifying this complexity so we can stay focused on our customers and our growth strategy. The Partner Loyalty program is a natural extension of their support, making it easier for us to maximize our technology investments. We're excited to unlock even greater value for our customers through this new initiative.' For more information on the TD SYNNEX Partner Loyalty program, visit About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit follow our newsroom or follow us on LinkedIn, Facebook and Instagram. Copyright 2025 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.
