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Brean Murray Likes Synnex (SNX)
Thursday, September 30, 2010 - 5:56am | 138Brean Murray Carret & Co. likes shares of SYNNEX Corporation (NYSE: SNX), as it has a Buy rating and a $38 price target on shares. In the research report, Brean Murray writes, "Synnex posted another strong Q, delivering revenue and EPS of $2.17 billion and $0.86 vs. Street consensus of $2.11...
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SYNNEX Corp. Beats Estimates; Shares Rise (SNX)
Wednesday, September 29, 2010 - 3:21pm | 167SYNNEX Corp. (NYSE: SNX) reports Q3 earnings of $0.86 versus consensus of $0.74. SYNNEX Corp. reports revenues of $2.18 billion versus consensus of $2.11 billion. Fourth Quarter Fiscal 2010 Outlook: Revenue is expected to be in the range of $2.30 billion to $2.40 billion, net income is expected to...
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SYNNEX Expects Higher Earnings for the Fourth Quarter
Wednesday, September 29, 2010 - 3:13pm | 82SYNNEX Corporation's (NYSE: SNX) Fourth Quarter Fiscal 2010 Outlook: --Revenue is expected to be in the range of $2.30 billion to $2.40 billion. This range represents net accounting of approximately 4.0% to 5.0% for certain service and extended warranty contracts in fiscal 2010. --Effective tax is...
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Anixter Announces Launch of ipAssured (AXE)
Wednesday, September 29, 2010 - 2:50pm | 133Anixter (NYSE: AXE) will launch its new infrastructure assurance program—Anixter ipAssured for Data Centers(SM)—during a special live event at the upcoming AFCOM Data Center World trade show. Anixter ipAssured is an infrastructure assurance program that includes the physical infrastructure products...
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Earnings Scheduled For September 29 (FDO, WOR, ATU, XRTX, AM, XSEL, OMN, VLGEA, SNX)
Wednesday, September 29, 2010 - 3:53am | 206Dollar Stores Inc (NYSE: FDO) is expected to post its FQ4 EPS of $0.51. Worthington Industries Inc (NYSE: WOR) may earn $0.24 per share in the fiscal first quarter. Actuant Corporation (NYSE: ATU) is likely to post its Q4 EPS at $0.29. Xyratex Ltd (NASDAQ: XRTX) may report its Q3 earnings of $0.99...
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Arrow Electronics Signs Global Distribution Agreement
Tuesday, September 28, 2010 - 8:56am | 75Arrow Electronics, Inc. (NYSE: ARW) today announced a global distribution agreement with Redpine Signals, Inc., for its broad portfolio of wireless chipsets, modules and development kits. Arrow will distribute Redpine Signals' complete portfolio of low-power, high-performance chipsets and modules...
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Avnet, Inc. (AVT) - Bull of the Day
Monday, September 27, 2010 - 3:00am | 172Avnet (AVT) revived its business quite well in fiscal 2010 after a disastrous 2009, driven by strong global demand. Business began to recover in the first quarter of fiscal 2010 as end demand improved and participants began to realize inventory in the technology supply chain at unsustainably low...
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Calls Active as Mellanox Pops (MLNX)
Friday, September 24, 2010 - 9:26am | 183Shares of Mellanox Technologies, Ltd. (NASDAQ: MLNX) are higher on the session by 11.40%, currently trading at $20.18. The stock has been moving largely sideways since a sharp drop in July, but has been garnering bull support as of late. The stock looks like it wants to fill the gap, up to ~$23.00...
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Arrow Electronics - Aggressive Growth
Thursday, September 23, 2010 - 4:27am | 448Arrow Electronics Inc (ARW) estimates are surging and now projecting earnings to more than double this year. Analysts had no choice but to raise their outlook after the company set records for earnings and revenue last quarter. Company Description Arrow offers industrial and commercial...
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Avnet Inc. - Value
Thursday, September 23, 2010 - 4:27am | 529Avnet Inc. (AVT) is trading at just 7.5x forward estimates as the technology recovery rolls on. Avnet distributes electronic components and computer products to customers in 70 countries worldwide. It also provides services such as supply-chain and design-chain services, logistics solutions,...
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Nu Horizons on Arrow Radar - Analyst Blog
Tuesday, September 21, 2010 - 11:33am | 533Arrow Electronics Inc. (ARW) recently announced that it will acquire Nu Horizons Electronics (NUHC) for $7.00 per share aggregating $130 million. Headquartered in Melville, N.Y., Nu Horizons Electronics is a leading global distributor of advanced technology semiconductor, display, illumination,...
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Value In Action: Nu Horizons
Tuesday, September 21, 2010 - 5:49am | 630Six months ago, we discussed Nu Horizons (NUHC) as a potential value investment. Yesterday, it rose 102% after receiving a buyout offer with a hefty premium. Therefore, today the stock moves off of the Stock Ideas page and onto the Value In Action page. Here are four lessons one can take from...
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Zacks Bull and Bear of the Day Highlights: Avnet, Hudson City Bancorp, Fujifilm Holdings, International Business Machines and Infosys Technologies - Press Releases
Monday, September 20, 2010 - 6:49pm | 1986For Immediate Release Chicago, IL –September 20, 2010 – Zacks Equity Research highlights:Avnet (AVT) as the Bull of the Day and Hudson City Bancorp (HCBK) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Fujifilm Holdings Corporation (FUJIY, International Business...
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Arrow To Acquire NUHC For $7 Per Share
Monday, September 20, 2010 - 1:47pm | 124Arrow Electronics Inc (NYSE: ARW) has agreed to acquire Nu Horizons Electronic Corp (NASDAQ: NUHC) for around $130 million in cash. ARW is buying NUHC to increase its presence in the Asia-Pacific region. Arrow has offered $7 per share to purchase NUHC, representing a more than 100% premium over...
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NASDAQ Stocks Hitting 52-Week Highs (INET, MICC, NUHC, SAPE)
Monday, September 20, 2010 - 10:59am | 181Internet Brands Inc (NASDAQ: INET) shares reached $13.19 to create a new 52-week high, before falling to $13.18, representing a 44.68% gain. INET has agreed to be purchased by an affiliate of Hellman & Friedman Capital Partners VI, LP for about $640 million or $13.35 per share in cash,...