Tech Data (TECD) Misses Q4 EPS by 4c
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March 20, 2015 7:40 AM EDT
Needham & Company downgraded Tech Data (NASDAQ: TECD) from Buy to Hold following Q4 results and outlook which was hurt by FX. The firm sees the stock range bound.
Analyst Richard Kugele commented, "The number of moving parts at TECD continues to increase, making accurate... More
March 20, 2015 6:24 AM EDT
Brean Capital analyst Ananda Baruah reiterated a Buy rating but lowered the price target on Tech Data (NASDAQ: TECD) to $63.00 (from $73.00) following Q4 results. The analyst noted solid OM execution but FX headwinds.
Baruah commented, "Stock could remain soft N-T as it... More
March 19, 2015 8:17 AM EDT
Tech Data (NASDAQ: TECD) announced that it has appointed Pete Peterson to senior vice president, Business Development and promoted Marty Bauerlein to senior vice president, U.S. Sales, effective April 1, 2015.
In his new global role, Peterson will be responsible for new vendor partner acquisition and diversification opportunities. He will report directly to Bob Dutkowsky, chief executive officer. Bauerlein will lead the strategic direction of the company's IT VAR customer channel and relationships in the U.S., while proactively developing new growth opportunities for Tech Data and its channel partners across both traditional and new... More
