SYNNEX Corp. (SNX) to Split Company into Two Publicly Traded Companies
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SYNNEX Corp. (SNX) PT Raised to $165 at Raymond James on Split Plan
January 10, 2020 7:28 AM ESTRaymond James analyst Adam Tindle raised the price target on SYNNEX Corp. (NYSE: SNX) to $165.00 (from $140.00) while maintaining a Strong Buy rating after results and a plan to split the company in two.
The analyst commented, "We maintain our Strong Buy on... More
SYNNEX Corp. (SNX) Tops Q4 EPS by 65c, Revenues Beat; Offers Q1 EPS Guidance Above Consensus, Q1 Revenue Mid-Point Outlook Above Consensus
January 9, 2020 4:20 PM ESTSYNNEX Corp. (NYSE: SNX) reported Q4 EPS of $4.26, $0.65 better than the analyst estimate of $3.61. Revenue for the quarter came in at $6.81 billion versus the consensus estimate of $5.99 billion.
Fourth Quarter Fiscal 2019 Highlights:
Technology Solutions: Revenue was $5.4 billion, up 17.4% from the prior fiscal year fourth quarter. Operating income was $167 million, or 3.1% of segment revenue, compared to $126 million, or 2.7% of segment revenue, in the prior fiscal year fourth quarter. Non-GAAP operating income was $178 million, or 3.3% of segment revenue, compared to $139 million, or 3.0% of segment revenue, in the prior fiscal year fourth... More