Technology Distributors

Sterne Agee is out with its report today on Ingram Micro (NYSE: IM), initiating IM at Neutral. In a note to clients, Sterne Agee writes, "We are initiating coverage of IM with a NEUTRAL rating and a 12-month price target of $22. Ingram Micro is the world's largest technology distributor and...

According to Sterne Agee, Synnex (NYSE: SNX) coverage is initiated at Neutral. Sterne Agee reported that it is initiating coverage of SNX with a NEUTRAL rating and 12-month price target of $35. “SNX is a leading value-added provider of IT distribution and services. We arrive at our price target by...

Sterne Agee has initiated coverage on the following companies: Cisco Systems (NASDAQ: CSCO) Buy, $29 PT Hewlett Packard Company (NYSE: HPQ) Buy, $56 PT Ingram Micro (NYSE: IM) Neutral, $22 PT SYNNEX Corporation (NYSE: SNX) Neutral, $35 PT

Brean Murray has a Buy rating and a $43 price target on shares of Synnex (NYSE: SNX). Shares of Synnex closed at $34.15 yesterday.

SYNNEX Corporation (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 28, 2011. Revenue $ 2.501B EPS $ 0.80

Arrow Electronics, Inc. (NYSE: ARW) has signed a distribution agreement with Exosite, a machine-to-machine (M2M) application and cloud computing software company. Under the agreement, Arrow customers will have access to Exosite's cloud-based data platform for M2M applications, providing data...

Citi is out with its report on Brightpoint (NASDAQ: CELL), downgrading shares of CELL from Buy to Hold. In a note to clients, Citi writes, "We are downgrading Brightpoint shares from Buy to Hold & reducing our target from to $11 from $17.50 both on lower estimates & lower valuation...

Venoco Inc (NYSE: VQ) was downgraded BMO Capital from "outperform" to "market perform." VQ's shares closed at $16.68 yesterday. Venoco's PEG ratio is 1.70. Stifel Nicolaus downgraded Concho Resources Inc (NYSE: CXO) from “buy” to “hold.” CXO's stock closed at $108.16 yesterday. Concho Resources'...

Citigroup has downgraded Brightpoint (NASDAQ: CELL) from Buy to Hold and has lowered the price target from $17.50 to $11.

Pre-open movers US stock futures are higher this morning, as investors are awaiting new-home sales data. Crude oil prices surged above $105 a barrel. Futures on the Dow Jones Industrial Average gained 33 points to 11,988.00 and S&P 500 index futures rose 3.90 points to 1,292.20. Futures for the...

Analysts at Citigroup downgrade Brightpoint Inc (NASDAQ: CELL) from “buy” to “hold.” The target price for CELL has been lowered from $17.50 to $11. CELL shares fell 2.99% to close at $10.38 yesterday. More Analyst Ratings here

Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Vimpel Communications (NYSE: VIP) 5,000 puts, 5 calls2. Mellanox Technologies Ltd (NASDAQ: MLNX) 3,777 puts, 23 calls3. Entergy Corp. (NYSE: ETR) 4,693 puts, 57 calls4. Radian Group...

Shares of Mellanox Technologies (NASDAQ: MLNX) are lower on the session by 3.52%, trading at $23.88. Overall put volume is now running at 28.38x the daily average, with 43% of all puts traded being purchases on the offer. 5,364 contracts have traded on the session so far. Mellanox Technologies,...

ScanSource, Inc., (Nasdaq: SCSC) today announced the appointment of Steven H. Owings to its Board of Directors. Mr. Owings is one of the original founders of ScanSource, Inc. and previously served as Chairman of the Board of Directors from the Company's inception in December 1992 until December...

Intcomex, Inc ntoday announced that it has signed an agreement to enter into a strategic alliance with Brightpoint, Inc. (Nasdaq: CELL). Under the terms of the agreement, Brightpoint's wholly-owned Miami-based subsidiary, Brightpoint Latin America, Inc., will invest $15 million in cash and...