Tech Data (TECD) Tops Q1 EPS by 9c
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Raymond James Downgrades Tech Data (TECD) to Market Perform
May 29, 2015 7:58 AM EDTRaymond James downgraded Tech Data (NASDAQ: TECD) from Outperform to Market Perform, noting while execution is solid the valuation is no longer attractive.
Analyst Brian Alexander commented, "We lower our rating on TECD to Market Perform following solid F1Q (April) results that pushed the stock up 5.3% today. Results were ahead on revenue and EPS, and overall margins reflected solid... More
Brean Capital Raises Price Target on Tech Data (TECD) Following 1Q Results
May 29, 2015 7:08 AM EDTBrean Capital maintains a Buy rating on Tech Data (NASDAQ: TECD), and raised the price target to $71.00 (from $63.00), 1Q16 results. TECD reported revenue of $5.6B, in-line with Street estimates. EPS beat estimates with $0.80 compared to Street's $0.71.
Analyst Ananda Baruah commented, "Maintain... More
Tech Data's (TECD) Outperformance in Europe Leads to Q1 'Beat' - Raymond James
May 28, 2015 11:53 AM EDTRaymond James affirms Tech Data (Nasdaq: TECD) with an Outperform rating and $62 price target after the company reported Q1 EPS of $0.80 with revenue of $5.89 billion, compared with consensus estimates calling for EPS of $0.71 and revenue of $5.63 billion.
Analyst Brian Alexander noted that Revenue in Europe was up 5% in constant currency, well above managements guidance for low single digit declines and ~7% above our estimate.... More
Tech Data (TECD) to Acquire Data Center Service Provider, Signature Technology Group
May 27, 2015 4:00 PM EDTTech Data (NASDAQ: TECD) announced it has entered into an agreement to acquire certain assets of Signature Technology Group, Inc. ("STG"), a leading provider of data center and professional services throughout North America. STG's services will be offered through Tech Data's Advanced Infrastructure Solutions (AIS) division, the company's data center business in the Americas. The transaction is expected to close in early June 2015.
"We are proud to welcome STG and its employees to the Tech Data family," said Joe Quaglia, president, the Americas at Tech Data. "The addition of STG strengthens our data center... More
