Technology Distributors

In today's UBS research summary, UBS lowered the price target of Flextronics International (NASDAQ: FLEX) from $10 to $9.50. UBS increased the price targets of Arrow Electronics (NYSE: ARW) from $47 to $52, Baker Hughes (NYSE: BHI) from $87 to $95, Buckeye Technologies (NYSE: BKI) from $28 to $29...

Brean Murray is raising its PT on shares of Arrow Electronics, Inc. (NYSE: ARW) from $48 To $55. Arrow Electronics closed Wednesday at $45.63.

J.P. Morgan is raising its PT on shares of Mellanox Technologies, Ltd. (NASDAQ: MLNX) from $29 to $31. Mellanox Technologies closed Wednesday at $29.49.

Brightpoint (Nasdaq: CELL), a global leader in providing supply chain solutions to the wireless industry, today announced that its subsidiary, Brightpoint North America L.P., has entered into a distribution services agreement with BuyCell Wireless Group, LLC. Under the terms of the agreement,...

Akamai Technologies Inc (NASDAQ: AKAM) dipped 12.35% to $35.92 in the pre-market session. AKAM issued downbeat Q2 projections. Flextronics International Ltd (NASDAQ: FLEX) lost 7.46% to $6.95 in the pre-market session. FLEX reported weaker-than-expected Q4 results. Mellanox Technologies Ltd (...

Avnet (NYSE: AVT) Reports EPS of $1.10 vs. $0.99 Estimate; Revenues $6.67B vs. $6.31B Estimate

Akamai Technologies Inc. (AKAM), change- +0.62 (1.54%): Akamai Technologies Inc. said Wednesday that its first-quarter net income rose thanks to higher revenue boosted by demand for its cloud computing solutions. But its second-quarter outlook disappointed analysts and shares fell. Net income in...

Arrow Electronics, Inc. (NYSE: ARW) Reports EPS of $1.24 vs. $1.12 Estimate; Revenues $5.22B vs. $4.99B Estimate

Arrow Electronics (NYSE: ARW) today reported first-quarter 2011 net income of $136.3 million ($1.18 and $1.16 per share on a basic and diluted basis, respectively) on sales of $5.22 billion, compared with net income of $87.0 million ($.72 and $.71 per share on a basic and diluted basis,...

Anixter International (NYSE: AXE) Reports EPS of $1.23 vs. $1.19 Estimate; Revenues $1.52B vs. $1.46B Estimate

Mellanox Technologies (NASDAQ: MLNX) today announced the immediate availability of its next-generation switch silicon, SwitchX with Virtual Protocol Interconnect technology, providing industry-best performance, efficiency and scalability for up to 36-ports of FDR 56Gb/s InfiniBand or 40 Gigabit...

Morgan Keegan has raised the price target on Anixter International (NYSE: AXE) from $81 to $86 and maintains its Outperform rating.

Avnet Electronics Marketing Americas (NYSE: AVT) announced today a distribution agreement with Circuitco, allowing for the distribution of the popular Texas Instruments-based BeagleBoard products. Circuitco's entire line of BeagleBoard products, including the original BeagleBoard and the recently...

Shares of Tech Data Corporation (NASDAQ: TECD) are lower on the session by 1.83%, currently trading at $50.95. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short...

Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor, today announced that John Soumbasakis, an 8-year veteran of the company, has been named senior vice president and president, Ingram Micro Latin America, effective April 30, 2011.  He will report to Greg Spierkel, chief...