Brean Capital Raises Price Target on Tech Data (TECD) Following 1Q Results

Raymond James Downgrades Tech Data (TECD) to Market Perform

May 29, 2015 7:58 AM EDT

Raymond 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

Streetinsider.com's Hot Lunchtime Reads 5/28: (BDX) (GOOG) (SIG) (PCRX)

May 28, 2015 12:18 PM EDT

The following is a list of notable articles to help get you through the lunch hour:Becton Dickinson (BDX) Said to Mull Sale of Surgical Instrument Unit ->... More

Tech Data's (TECD) Outperformance in Europe Leads to Q1 'Beat' - Raymond James

May 28, 2015 11:53 AM EDT

Raymond 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) Tops Q1 EPS by 9c

May 28, 2015 6:34 AM EDT

Tech Data (NASDAQ: TECD) reported Q1 EPS of $0.80, $0.09 better than the analyst estimate of $0.71. Revenue for the quarter came in at $5.89 billion versus the consensus estimate of $5.63 billion.

For earnings history and earnings-related data on Tech Data (TECD) click here.

... More

Tech Data (TECD) to Acquire Data Center Service Provider, Signature Technology Group

May 27, 2015 4:00 PM EDT

Tech 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

Trading Radar for 5/28: Avago (AVGO), OmniVision (OVTI), GameStop (GME), Express (EXPR), Dangdang (DANG) Report

May 27, 2015 2:47 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 274kContinuing Claims - Street sees 2.250M

Earnings:

Abercrombie & Fitch (NYSE: ANF) - consensus loss $0.34
Agilysys, Inc. (Nasdaq: AGYS) - consensus loss $0.04
American Superconductor (Nasdaq: AMSC) - consensus loss $0.70
Auris Medical Holding (Nasdaq: EARS) - consensus loss $0.22
China Xiniya... More