SYNNEX Corporation Reports Fiscal 2016 Second Quarter Results

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Go back to SYNNEX Corporation Reports Fiscal 2016 Second Quarter Results

Brean Capital Raises Price Target on SYNNEX Corp. (SNX) Following 2Q Beat

June 24, 2016 10:51 AM EDT

Brean Capital reiterated a Buy rating on SYNNEX Corp. (NYSE: SNX), and raised the price target to $108.00 (from $97.00) following the company's 2Q earnings report. SNX reported revenue and EPS of $3.4B and $1.37, both ahead of the Street's estimates of $3.3B and $1.35. Management commented that... More

Raymond James Remains Sidelined on SYNNEX Corp. (SNX) Following 2Q

June 24, 2016 9:03 AM EDT

Raymond James maintained a Market Perform rating on SYNNEX Corp. (NYSE: SNX) following the company's 2Q earnings report. Upside to the quarter is entirely attributable to TS. TS revenue grew 4.6% y/y to $3.0 billion, 4% above Raymond James' estimate.

Analyst Brian Alexander commented, "We maintain our Market Perform... More

SYNNEX Corp. (SNX) Declares $0.20 Quarterly Dividend; 0.9% Yield

June 23, 2016 4:22 PM EDT

SYNNEX Corp. (NYSE: SNX) declared a quarterly dividend of $0.20 per share, or $0.8 annualized.

The dividend will be payable on July 29, 2016, to stockholders of record on July 15, 2016, with an ex-dividend date of July 13, 2016.

The annual yield on the dividend is 0.9 percent.

For... More

SYNNEX Corp. (SNX) Tops Q2 EPS by 6c; Issues Solid Q3 Outlook

June 23, 2016 4:22 PM EDT

SYNNEX Corp. (NYSE: SNX) reported Q2 EPS of $1.37, $0.06 better than the analyst estimate of $1.31. Revenue for the quarter came in at $3.38 billion versus the consensus estimate of $3.28 billion.

"During our second quarter, we achieved sales and profit results above our expectations." stated Kevin... More