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Arrow Electronics Announces Embedded Supply Assurance Program
Friday, November 5, 2010 - 9:16am | 68Arrow Electronics, Inc. (NYSE: ARW) has finalized an agreement in which Arrow will provide global supply assurance support for a broad range of AMD embedded microcontrollers and Ethernet products that recently underwent a last-time buy offer. The supply assurance program was developed in response...
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Avnet, Inc - Aggressive Growth
Friday, November 5, 2010 - 1:03am | 480Avnet, Inc. (AVT) has everything going its way. Shares are skyrocketing, but drastic estimate revisions are keeping valuation enticing. Also, this Zacks #1 Rank (Strong Buy) has a great earnings history and continues to grow both organically and through acquisition. Company Description Avnet...
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Brightpoint Outperforms - Analyst Blog
Thursday, November 4, 2010 - 4:03pm | 667Brightpoint Inc. (CELL) declared solid financial results for the third quarter of 2010. Quarterly total revenue was $889.0 million, an improvement of 3% year over year and 13% sequentially. This was also significantly above the Zacks Consensus Estimate of $858 million. In the third quarter of...
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11 Stocks That Are Breaking Down
Thursday, November 4, 2010 - 1:34pm | 279Today I'm providing a very contrarian stock screen in respect to the market action we are seeing today. As I've mentioned numerous times throughout today, I am a bit concerned that the market is going to have a difficult time in holding these gains, considering how over extended in just one day...
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Oppenheimer Maintains Brightpoint Rating; Raises PT to $10
Thursday, November 4, 2010 - 8:59am | 110Brightpoint, Inc. (NASDAQ: CELL) delivered a strong September quarter, easily topping Street expectations, Oppenheimer reports. “We believe building momentum in Europe post restructuring, a recovery in the pre-paid market in the US, and mgmt's ability to add new business in Singapore all helped...
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Citigroup Reiterates Buy Rating on Brightpoint Inc. (CELL)
Thursday, November 4, 2010 - 8:12am | 135Citigroup is out with a research report this morning, where it reiterates its Buy/Speculative rating on Brightpoint Inc. (NASDAQ: CELL); it has a $10.00 price target on the stock. The Citi analysts cited the company's recently announced quarterly earnings report, which was ahead of estimates due...
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Brightpoint Delivers Strong September Quarter
Thursday, November 4, 2010 - 6:04am | 151Oppenheimer has published a research report on Brightpoint, Inc. (NASDAQ: CELL) after the company reported a strong September quarter that topped Street expectations with ease. In the report, Oppenheimer writes "Brightpoint delivered a strong Sept. qtr., easily topping Street expectations. We...
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Insight Enterprises, Inc. Reports Third Quarter EPS of $.31
Wednesday, November 3, 2010 - 3:16pm | 119Insight Enterprises, Inc. (Nasdaq: NSIT) today reported results of operations for the quarter ended September 30, 2010. Third Quarter Highlights For the third quarter of 2010 compared to the third quarter of 2009: Net sales increased 21% to $1.2 billion. Gross profit increased 16% to...
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Zacks #1 Rank Additions for Wednesday - Tale of the Tape
Wednesday, November 3, 2010 - 9:33am | 316Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Avnet Inc (AVT) China Petro & Chem Corp (SNP) E.I. du Pont de Nemours & Co (DD) W.R. Grace & Co (GRA) Green Dot Corp (GDOT) View the entire Zacks #1 Rank List. AVNET (AVT): Free Stock Analysis Report DU PONT (EI...
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PC Connection, Inc. Reports Third Quarter Results: EPS of $0.32
Tuesday, November 2, 2010 - 3:40pm | 46PC Connection, Inc. (NASDAQ: PCCC) THIRD QUARTER SUMMARY: * Q3 net sales: $532.8 million, up 32% year over year * SG&A: 8.9% of net sales, improved from 10.2% last year * Operating income: $14.3 million, or 2.7% of net sales * Diluted earnings per share: $0.32 per share
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Solid Quarter from Arrow - Analyst Blog
Friday, October 29, 2010 - 5:36pm | 630Electronic parts distributor Arrow Electronics Inc. (ARW) reported sales of $4.7 billion in the third quarter of 2010 up 27.0% year over year and up 1.0% sequentially, which surpassed the Zacks Consensus Estimate of $4.6 billion. On a segment basis, Global components sales came in at $3.44...
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Puts Purchased on Mellanox Technologies, Ltd. (MLNX)
Friday, October 29, 2010 - 1:06pm | 137Shares of Mellanox Technologies, Ltd. (NASDAQ: MLNX) are higher on the session by 3.49%, currently trading at $23.13. The stock has been moving largely higher over the past four months, above the 50-day and 200-day moving averages, following a sharp drop in mid-July. Options traders are buying...
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ScanSource Shares Climb 9% (SCSC)
Friday, October 29, 2010 - 10:22am | 183Shares of ScanSource, Inc. (Nasdaq: SCSC) are currently up 9% at $31.13 per share during Friday morning trading. Today's trading range for shares of ScanSource, Inc has been between $29.52 and $31.13 per share. The consensus price target of analysts covering the company's stock is $33.63 per share...
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Brean Murray, Carret & Co. Raises Avnet Estimates
Friday, October 29, 2010 - 8:49am | 90Avnet, Inc. (NYSE: AVT) had a solid September Q and December Q guide materially above the Street estimates, Brean Murray, Carret & Co. reports. “Sep Q EPS was $0.93 vs. Street estimate of $0.81, with Dec Q guide of $0.99-$1.07 vs. Street estimate of $0.92,” Brean Murray, Carret & Co. writes...
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Price Target Lowered On Ingram Micro
Friday, October 29, 2010 - 7:37am | 140Brean Murray Carret & Co. has published a research report on Ingram Micro Inc. (NYSE: IM) following flat 3Q earnings that were moderately in-line with expectations. In the report, Brean Murray Carret & Co. writes "SG&A grew 6% Q/Q vs. revenue growth of 5%, in part from 1) revenue from...