Latest news with #TDSYNNEXCorporation
Business Wire
6 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 Insider
03-05-2025
- Business
- Business Insider
RBC Capital Sticks to Their Buy Rating for TD SYNNEX Corporation (SNX)
RBC Capital analyst David Paige maintained a Buy rating on TD SYNNEX Corporation (SNX – Research Report) on May 1 and set a price target of $145.00. The company's shares closed yesterday at $114.44. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Paige is an analyst with an average return of -17.3% and a 20.00% success rate. Currently, the analyst consensus on TD SYNNEX Corporation is a Moderate Buy with an average price target of $135.00. The company has a one-year high of $145.10 and a one-year low of $92.23. Currently, TD SYNNEX Corporation has an average volume of 961K. Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNX in relation to earlier this year. Earlier this month, Miriam Anne Murphy, the President of SNX sold 3,000.00 shares for a total of $330,000.00.
Yahoo
02-05-2025
- Business
- Yahoo
TD SYNNEX Corporation (SNX): Among Overlooked Tech Stocks to Buy Now
We recently published a list of . In this article, we are going to take a look at where TD SYNNEX Corporation (NYSE:SNX) stands against other overlooked tech stocks to buy now. After overcoming major macroeconomic challenges, the IT sector has started 2025 with fresh vigor. The tech sector is now ready for a resurgence after a period of instability characterized by high inflation, rising interest rates, and worldwide unpredictability. The sector is expected to be 'healthy' or 'very healthy' in 2025, according to 62% of tech executives polled by Deloitte. Global IT spending is expected to increase by 9.3%, driven mostly by double-digit growth in software and data center investments. As companies move AI initiatives from pilot projects to full-scale production deployments, analysts anticipate that generative AI, cybersecurity, and cloud services will continue to be important growth drivers. The rate of layoffs dropped significantly in 2024, indicating growing stability. But new difficulties have surfaced, especially in relation to geopolitical tensions and regulatory barriers. The world economy is already feeling the effects of President Trump's expansive tariff plans, which include additional charges on major tech manufacturing countries like Taiwan, India, and Vietnam that range from 26% to 49%. Although imports of semiconductors, which are essential for the development of AI, have been temporarily exempted, tech companies that rely on international supply chains face new risks as a result of the unstable trade policy climate. Meanwhile, generative AI is proving to be a double-edged sword. While it is projected to contribute 21% to U.S. GDP by 2030, as reported by the World Economic Forum, there are growing concerns about the technology displacing millions of jobs, particularly administrative roles. As the World Economic Forum highlights, the solution lies not in halting AI innovation but fostering 'Authentic Intelligence'—an approach emphasizing the collaboration of human critical thinking with AI's capabilities to ensure inclusive economic growth. Additionally, cybersecurity has become a significant priority on the strategic agenda. As the use of AI increases, so does the attack surface available to hackers. By 2028, it's expected that global spending on cybersecurity will exceed $200 billion, as businesses emphasize bolstering their defenses. However, only 24% of existing gen AI projects are thought to be sufficiently secure, indicating that trust is still a major obstacle to the widespread use of AI. In summary, despite the fact that 2025 holds great promise for the IT industry due to advancements in generative AI, cloud migration, and robust IT investment, businesses still have to deal with a complex web of ethical, geopolitical, and legal issues. Successful companies will strike a balance between daring technological innovation, careful risk management, strategic supply chain diversity, and a dedication to upholding stakeholder and customer confidence. Against this dynamic backdrop, let's look at 10 Overlooked Tech Stocks to Buy Now, which are not only ready to capitalize on upcoming opportunities but may also provide attractive upside potential for investors seeking beyond the conventional mega-cap giants. To find overlooked tech stocks, we started by looking for companies with a market capitalization greater than $5 billion, ensuring a concentration on financially strong, large-cap enterprises. We chose stocks from this category that had a price-to-earnings (P/E) ratio of less than 15, using the P/E ratio as a conventional valuation indicator to highlight relatively affordable earnings-driven stocks. We then evaluated these firms based on hedge fund sentiment, utilizing data from Insider Monkey's fourth quarter 2024 report. Finally, we chose the ten companies with the least number of hedge fund investors to represent our list of Overlooked Tech Stocks to Buy Now. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A customer happily using their mobile device in a busy urban setting. P/E Ratio: 9.31 Hedge Fund Holders: 33 TD SYNNEX Corporation (NYSE:SNX), a key distributor and solutions aggregator for the IT ecosystem, is strengthening its position as a critical link between technology vendors and global clients. With a portfolio that includes endpoint devices, data center technologies, cloud, cybersecurity, artificial intelligence, and hybrid solutions, TD SYNNEX assists organizations in over 100 countries in meeting increasingly complex IT demands. TD SYNNEX Corporation (NYSE:SNX) reported remarkable performance in the first quarter of fiscal 2025, ending February 28, 2025. Gross billings rose 7.5% year-over-year to $20.7 billion, while net revenue increased 4% to $14.5 billion. Advanced Solutions climbed 7%, while Endpoint Solutions increased 8%, demonstrating broad-based success. Non-GAAP EPS was $2.80, well within the company's expectations. Although problems in its Hive business resulted in a minor drag on profits, management is hopeful that Hive will return to normal later this year. TD SYNNEX Corporation (NYSE:SNX) also confirmed mid-single-digit gross billings growth in fiscal 2025 and plans to achieve $1.1 billion in free cash flow. Strategic moves continue to broaden TD SYNNEX's capabilities. On April 22, 2025, the company announced a partnership with Trifork, which will add cutting-edge AI, spatial computing, and scalable software solutions to the company's portfolio. This alliance will speed up digital transformation for customers in critical areas such as healthcare, finance, and energy. TD SYNNEX Corporation (NYSE:SNX) was also named NVIDIA's 2025 Distributor of the Year for the Americas for the second year in a row, reinforcing its leadership in delivering AI-powered solutions through initiatives such as Destination AI and advanced platforms built on NVIDIA's Blackwell architecture. With its end-to-end strategy, broad technology reach, and expanding network of high-growth vendors, TD SYNNEX Corporation (NYSE:SNX) is an overlooked tech stock poised to benefit from the continuous convergence of AI, cloud, and cybersecurity trends in the global IT landscape. Overall, SNX ranks 4th on our list of overlooked tech stocks to buy now. While we acknowledge the potential of SNX, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SNX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
19-04-2025
- Business
- Yahoo
Despite the downward trend in earnings at TD SYNNEX (NYSE:SNX) the stock rallies 3.7%, bringing five-year gains to 193%
TD SYNNEX Corporation (NYSE:SNX) shareholders might be concerned after seeing the share price drop 23% in the last quarter. On the bright side the share price is up over the last half decade. However we are not very impressed because the share price is only up 39%, less than the market return of 98%. The past week has proven to be lucrative for TD SYNNEX investors, so let's see if fundamentals drove the company's five-year performance. Our free stock report includes 2 warning signs investors should be aware of before investing in TD SYNNEX. Read for free now. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. TD SYNNEX's earnings per share are down 3.0% per year, despite strong share price performance over five years. By glancing at these numbers, we'd posit that the decline in earnings per share is not representative of how the business has changed over the years. Therefore, it's worth taking a look at other metrics to try to understand the share price movements. The modest 1.7% dividend yield is unlikely to be propping up the share price. In contrast revenue growth of 23% per year is probably viewed as evidence that TD SYNNEX is growing, a real positive. In that case, the company may be sacrificing current earnings per share to drive growth. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. So we recommend checking out this free report showing consensus forecasts When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for TD SYNNEX the TSR over the last 5 years was 193%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! Investors in TD SYNNEX had a tough year, with a total loss of 5.4% (including dividends), against a market gain of about 7.4%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 24% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for TD SYNNEX (of which 1 is significant!) you should know about. Of course TD SYNNEX may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
30-03-2025
- Business
- Yahoo
TD SYNNEX (SNX) Faces Price Target Cut Amid IT Spending Uncertainty
We recently published a list of . In this article, we are going to take a look at where TD SYNNEX Corporation (NYSE:SNX) stands against other AI news and ratings making waves on Wall Street. According to a Fortune Business Insights report, the global data center market, valued at $242.72 billion in 2024, is expected to grow to $585 billion by 2032, at a compound annual growth rate of 11.7%. North America led the market in 2024, holding a nearly 39% share. According to the report, generative AI is significantly impacting the sector, as its deep learning models require substantial computing power, scalable storage, and high-performance infrastructure. The market is also shifting towards hybrid and multi-cloud strategies, enabling organizations to integrate public, private, and on-premise solutions efficiently. Additionally, modular data centers are gaining traction due to their cost-effectiveness, scalability, and faster deployment compared to traditional facilities, the report stated. The expansion of AI infrastructure through large-scale data center investments reflects the growing need for computational power. Companies are securing energy sources and developing specialized facilities to address scalability, sustainability, and efficiency challenges. For example, Related Companies is advancing into AI-driven data center development through its new division, Related Digital, using its expertise in renewable energy to meet rising demand from major tech firms. In an interview at CNBC's 'Squawk on the Street,' CEO Jeff Blau highlighted the company's strategic move to assemble a specialized team to lead these projects. To support the growth, Related has secured sites with over five gigawatts of power across the U.S., investing $500 million of its own capital while planning to raise an additional $8 billion. With firms like Microsoft and Alphabet significantly increasing their capital expenditures, demand from hyperscalers remains strong. To mitigate risk, Related is securing long-term, 15-year commitments from tenants before beginning construction. Given the limited availability of power on the grid, Blau sees the company's early investment in securing capacity as a major competitive advantage in the fast-evolving AI infrastructure landscape. For this article, we selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey's Q4 database of over 1000 hedge funds. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A customer happily using their mobile device in a busy urban setting. Number of Hedge Fund Holders: 33 TD SYNNEX Corporation (NYSE:SNX) distributes IT products and provides solutions, including cloud services, logistics, financing, and marketing support for resellers and service providers. On March 27, Barclays reduced its price target for TD Synnex (NYSE:SNX) from $148 to $125 while maintaining an Equal Weight rating. The firm pointed to weaker-than-expected fiscal Q1 results and Q2 guidance, mainly due to temporary demand declines in Hyve (the company's hyperscale digital infrastructure subsidiary). Barclays believes TD Synnex's near-term upside is limited by uncertainties in IT spending, trade policy, Hyve demand, and government budget cuts. Overall, SNX ranks 11th on our list of AI news and ratings making waves on Wall Street. While we acknowledge the potential of SNX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
