Technology Distributors

GTSI (NASDAQ: GTSI) announced today that its Board of Directors has authorized a share repurchase program pursuant to Rules 10b5-1 and 10(b)-18 of the Securities Exchange Act of 1934 permitting the Company to repurchase up to $5,000,000 in shares of the Company's common stock. This program is...

Tech Data Corporation (NasdaqGS: TECD) today announced the launch of the Lenovo ThinkPad Tablet to its channel of more than 60,000 resellers in the United States. The ThinkPad Tablet is Lenovo's first business-class Android-based tablet, offering a layered security solution, IT manageability and an...

Mellanox® Technologies, Ltd. (NASDAQ: MLNX) today announced that Eyal Waldman, chairman, president and CEO, and Michael Gray, chief financial officer, have each adopted a stock trading plan to sell a portion of their ordinary shares of the company in an orderly manner. Each plan adopted is in...

Shares of Tech Data (NASDAQ: TECD) are higher on the session by 3.83%, currently trading at $42.84. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the September...

Arrow Electronics, Inc. (NYSE: ARW) announced that the company has entered into a $1.2 billion five-year credit agreement, replacing the $800 million revolving credit facility and $200 million term loan that were scheduled to expire in January 2012. The new revolving credit facility expires on...

GTSI Corp. (NASDAQ: GTSI) today announced that it has sold its 37% ownership interest in Eyak Technology, LLC (EyakTek) to EyakTek for $20 million in cash. On August 19, 2011, GTSI entered into a Settlement and Redemption Agreement with The Eyak Corporation, Global Technology Group and EyakTek to...

Citi Investment Research is out with a research report on Tech Data Corp (NASDAQ: TECD) and is lowering its price target to $54 from $63, but is reiterating its Buy rating on shares. In a note to clients, Citi Investment Research writes, "TECD reported revs and EPS upside driven by above-seasonal...

Ciitgroup has lowered the price target on Tech Data Corporation (NASDAQ: TECD) from $63 to $54 and maintains its Buy rating.

Below are the top small-cap industrial equipment wholesale stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Anixter International Inc (NYSE: AXE) for the next year ending December, 2012 is $6.45 per share. AXE's PEG ratio is 0.60. WESCO...

Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were...

Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts...

Stifel Nicolaus is out with its report today on Anixter International (NYSE: AXE), lowering its PT to $82 from $85.50. In its report, Stifel Nicolaus writes, "We maintain our Buy rating and are decreasing our target price to $82.00 from $85.50. Our target price is based on 13.5x our 2012 EPS...

GTSI Corp. (NASDAQ: GTSI) announced today that it has completed the acquisition of Information Systems Consulting Group, Inc., a privately held Federal IT professional service provider.

Anixter International Inc. (NYSE: AXE) today announced that it has entered into a definitive agreement to sell its Aerospace Hardware Division to entities controlled by Greenbriar Equity Group LLC. Under the terms of the agreement Anixter will receive $155 million in cash, subject to a net working...

Astute Networks, today announced it has signed a strategic distribution agreement with Tech Data Corporation (Nasdaq: TECD) to extend access of its ViSX G3™ solution to businesses across the U.S. ViSX G3 is a turnkey solution for VMware infrastructure that accelerates server and desktop...