Technology Distributors

Avnet, Inc. (NYSE: AVT) announced earlier today that it has acquired Prospect Technology Corp. Prospect Technology provides technical support, module solutions and circuit design support to help customers expedite product development. Prospect Technology generated revenue of approximately US$157...

Brightpoint (NASDAQ: CELL) is up 14% on the upbeat earnings. the company reported yesterday Q2 EPS $0.23 vs $0.20 Est; Revenues $1.23B vs $1.1B Est. Brightpoint is currently trading at $9.11, a gain of $1.13 or 14.22%,

Shares of Ingram Micro (NYSE: IM) are higher on the session by 10.09%, trading at $18.77. Overall call volume is now running at 5.11x the daily average, with 36% of all calls traded being purchases on the offer. 1,420 contracts have traded on the session so far. Ingram Micro Inc. is a global...

Bank of America reiterated its Neutral rating on Ingram Micro (NYSE: IM). At the same time, the rating agency left its price target on the company's stock unchanged at $21. On Thursday, IM closed the day at $17.05.

BMC reiterated its Hold rating on Ingram Micro (NYSE: IM). At the moment, the rating agency does not have a price target placed on the company's stock. On Thursday, IM lost 0.12% of its value to finish the day at $17.05.

Bank of America Merrill Lynch is out with its report today on Avnet (NYSE: AVT), lowering its PO from $40 to $37. In a note to clients, Bank of America Merrill Lynch writes, "Combined, we are reducing our F2011 and F2012 revenue estimates to $26.4bn and $26.9bn from $26.6bn and $27.5bn. F2011 and...

Bank of America has lowered the price objective on Avnet (NYSE: AVT) from $40 to $37 and maintains its Buy rating.

Avnet Technology Solutions (NYSE: AVT), today unveiled the latest services in its cloud computing solutions portfolio – cloud strategy workshops and cloud assessment services. These consultative service engagements are available as resellable services for Avnet's independent software vendors (ISVs...

Agilysys, Inc. (Nasdaq: AGYS) today announced that Casino MonteLago in Henderson, Nev., has selected the InfoGenesis™ POS system to streamline food and beverage operations and enhance guest service at the 40,000-square-foot property. The casino, located in the master-planned community of Lake Las...

Sterne Agee reiterated its Buy rating on Ingram Micro (NYSE: IM). At the same time, the rating agency left its price target on the company's stock unchanged at $24. On Monday, IM closed the day at $17.96.

Arrow Electronics, Inc. (NYSE: ARW) announced today the approval by the company's Board of Directors of the repurchase of an additional $100 million of common stock through a share repurchase program. The company had previously announced a repurchase program in February 2011 for $50 million, that...

POINT ROBERTS - July 22, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for July 21, 2011. Marina Biotech, Inc. was the top gainer on the exchange with the stock closing higher by about 30% on Thursday....

According To Pacific Crest Securities, Mellanox Technologies (NASDAQ: MLNX) Coverage is resumed. Pacific Crest Securities will be resuming coverage of Mellanox Technologies with a Sector Performance rating. Mellanox Technologies closed yesterday at $29.01.

J.P. Morgan is out with its report today on Mellanox Technologies (NASDAQ: MLNX), raising its PT from $31 to $33. In a note to clients, J.P. Morgan writes, "Our new PT of $33 assumes MLNX should trade at 20x our new 2012 EPS (excl. SBC) estimate of $1.50 per share plus $2.80 net cash per share, or...

JP Morgan has raised the price target on Mellanox Technologies (NASDAQ: MLNX) from $31 to $33 and maintains its Neutral rating.