SYNNEX (SNX) Given Media Impact Score of 0.13

Headlines about SYNNEX (NYSE:SNX) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SYNNEX earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 44.9224956441827 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

SYNNEX opened at $113.38 on Wednesday, MarketBeat.com reports. SYNNEX has a 1-year low of $93.87 and a 1-year high of $141.94. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 12.80 and a beta of 0.98.

SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, March 29th. The business services provider reported $2.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.03. SYNNEX had a return on equity of 16.52% and a net margin of 1.46%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the prior year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. sell-side analysts expect that SYNNEX will post 10.21 EPS for the current fiscal year.



Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. Stifel Nicolaus restated a “hold” rating and issued a $140.00 price target (down from $152.00) on shares of SYNNEX in a research note on Monday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $135.00 price target (down from $151.00) on shares of SYNNEX in a research note on Monday, April 2nd. They noted that the move was a valuation call. Pivotal Research set a $135.00 price target on SYNNEX and gave the stock a “buy” rating in a research note on Monday, April 2nd. Finally, TheStreet downgraded SYNNEX from a “b” rating to a “c+” rating in a research note on Friday, April 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $143.29.

In other news, Director Thomas S. Wurster sold 600 shares of the stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $110.01, for a total transaction of $66,006.00. Following the completion of the transaction, the director now directly owns 11,426 shares in the company, valued at approximately $1,256,974.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dennis Polk sold 2,000 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $107.37, for a total value of $214,740.00. Following the transaction, the chief executive officer now owns 25,295 shares of the company’s stock, valued at $2,715,924.15. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $2,014,020 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

About SYNNEX

SYNNEX Corporation provides business process services in North and South America, the Asia-Pacific, Europe, and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/security equipment; consumer electronics; and complementary products.

Insider Buying and Selling by Quarter for SYNNEX (NYSE:SNX)

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