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Tech Data Beats Zacks Consensus - Analyst Blog
Tuesday, November 23, 2010 - 9:33am | 906The IT products distributor Tech Data Corp. (TECD) announced encouraging results for the third quarter of fiscal 2011, beating the Zacks Consensus Estimate of 95 cents per share with a surprise of 12.6%. Both revenue and earnings per share (EPS) were a record in the quarter attributed to strong...
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Citi Comments on Tech Data's Strong Quarterly Results
Tuesday, November 23, 2010 - 8:43am | 142Tech Data Corp. (NASDAQ: TECD) revenues of $6.2B and EPS of $1.07 were 6% and 15% above Citi's estimates, primarily due to solid European demand and favorable currency. Citi is revising up its earnings estimates by 5-7% for FY12-13 based on a more optimistic demand outlook and updated currency...
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Arrow Electronics Acquires Assets and Operations of Intechra
Tuesday, November 23, 2010 - 8:09am | 93Arrow Electronics, Inc. (NYSE: ARW) announced that it has signed a definitive agreement pursuant to which Arrow will acquire all of the assets and operations of Intechra. Intechra is headquartered in Jackson, MS, and has approximately 300 employees. Total sales were approximately $75 million for...
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Tech Data Beats Zacks Consensus - Analyst Blog
Tuesday, November 23, 2010 - 3:55am | 906The IT products distributor Tech Data Corp. (TECD) announced encouraging results for the third quarter of fiscal 2011, beating the Zacks Consensus Estimate of 95 cents per share with a surprise of 12.6%. Both revenue and earnings per share (EPS) were a record in the quarter attributed to strong...
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Mellanox Technologies Strengthens its Board of Directors with Addition of Dov Baharav
Monday, November 22, 2010 - 4:15pm | 85Mellanox® Technologies, Ltd. (NASDAQ: MLNX)(TASE: MLNX.ta), a leading supplier of high-performance, end-to-end connectivity solutions for data center servers and storage systems, today announced Dov Baharav has been appointed to the Company's Board of Directors effective November 22, 2010. Mr....
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Top Performing Industries For November 22 (NFLX, SNDK, FFIV, TECD)
Monday, November 22, 2010 - 10:25am | 203At 10:20 am, the Dow lost 0.29% to 11,171.05, the broader Standard & Poor's 500 index moved down 0.17% to 1,197.72 and the NASDAQ composite index rose 0.40% to 2,528.25. The industries that are supporting the market today are: Music & Video Stores: This industry jumped 7.44% by 10:20 am....
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Company News for November 22, 2010 - Corporate Summary
Monday, November 22, 2010 - 9:30am | 687• Tyson (NYSE: TSN) posted fiscal fourth quarter earnings of $0.64, beating estimates of $0.56. Revenues were $7.44 billion, below estimates of $7.75 billion • Tech Data (NASDAQ: TECD) reported third quarter earnings $1.07 up from estimates of $0.95 on revenues of $6.16 billion that beat estimates...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, November 22, 2010 - 8:45am | 341Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Agilysys Inc (AGYS) Aviat Networks Inc (AVNW) Barclays PLC (BCS) Big Lots Inc (BIG) BPZ Resources Inc (BPZ) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis Report AVIAT NETWORKS (AVNW): Free...
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A Peek Into The Market Before The Trading Starts
Monday, November 22, 2010 - 8:01am | 500Pre-open movers US stock futures turned down. Futures on the Dow Jones Industrial Average declined 16 points to 11,163, while S&P 500 futures fell 1.70 points to 1,197. Nasdaq 100 futures rose 1.75 points to 2,135. A Peek Into Global Markets Negative sentiments ruled the European markets today...
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Tech Data Posts Better-Than-Expected Q3 Results
Monday, November 22, 2010 - 7:09am | 56Tech Data Corp (NASDAQ: TECD) reports its Q3 EPS at $1.07, beating the consensus of $0.95. TECD reports its Q3 revenue at $6.16 billion, versus the estimates of $5.79 billion. TECD shares gained 0.73% to $44.33 in after-hours trading. Read more from Benzinga's Company news.
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Company News for November 22, 2010 - Corporate Summary
Monday, November 22, 2010 - 3:59am | 687• Tyson (NYSE: TSN) posted fiscal fourth quarter earnings of $0.64, beating estimates of $0.56. Revenues were $7.44 billion, below estimates of $7.75 billion • Tech Data (NASDAQ: TECD) reported third quarter earnings $1.07 up from estimates of $0.95 on revenues of $6.16 billion that beat estimates...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, November 22, 2010 - 3:14am | 341Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Agilysys Inc (AGYS) Aviat Networks Inc (AVNW) Barclays PLC (BCS) Big Lots Inc (BIG) BPZ Resources Inc (BPZ) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis Report AVIAT NETWORKS (AVNW): Free...
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Arrow Electronics - Aggressive Growth
Monday, November 22, 2010 - 2:00am | 737Arrow Electronics Inc (ARW) analysts are very bullish on the company's future. Estimates are rising, keeping valuations in check, pushing shares to a Zacks #1 Rank (Strong Buy). The stock is nearing its 52-week high, but there are plenty of reasons to push right past that mark. Company...
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Arrow Electronics - Aggressive Growth
Sunday, November 21, 2010 - 7:00pm | 737Arrow Electronics Inc (ARW) analysts are very bullish on the company's future. Estimates are rising, keeping valuations in check, pushing shares to a Zacks #1 Rank (Strong Buy). The stock is nearing its 52-week high, but there are plenty of reasons to push right past that mark. Company...
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Zacks #1 Rank Additions for Friday - Tale of the Tape
Friday, November 19, 2010 - 8:33am | 260Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Air Liquide (AIQUY) Avnet Inc (AVT) Banco Macro SA (BMA) BofI Holding Inc (BOFI) BRE Properties Inc (BRE) View the entire Zacks #1 Rank List. AVNET (AVT): Free Stock Analysis Report BANCO MACRO-ADR (BMA): Free Stock Analysis...