Technology Distributors

Analysts at Brean Murray reiterate their "buy" rating on Avnet Inc (NYSE: AVT), while raising their estimates for the company. The target price for AVT is set to $40. AVT reported better-than-expected results for the latest quarter. Brean Murray says, “June Q gross margin improved 15 bps Q/Q driven...

Brightpoint Inc. (CELL) declared mixed financial results for the second quarter of 2010. We remain concerned regarding the company’s top-line fluctuations. Quarterly total revenue was $788.6 million, an improvement of 11% year over year but a decrease of 11% sequentially. This was also...

Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Agilysys Inc (AGYS) ArvinMeritor Inc (ARM) CPI Corp (CPY) Donegal Group Inc (DGICA) drugstore.com inc (DSCM) View the entire Zacks #5 Rank List.    AGILYSYS INC (AGYS): Free Stock Analysis Report ARVINMERITOR (ARM):...

Here's another "Reasonable Value" screen run against Tuesday's Trend Leaders list. For those of you who have not see one of my previous "Reasonable Value" posts, here are the criteria for the screen: PE between 0 and16 PEG between 0 and 1.2 Price-to-Sales less than 2 Debt-to-Equity less...

Brean Murray Carret is out with a research report this morning, where it reiterates its Buy rating on Tech Data Corp. (NASDAQ: TECD); it has a $50.00 price target on the stock. The BMC analysts cited the company’s recent acquisition of Triade Holding, a distributor of consumer electronics,...

Ingram Micro Inc. (IM) reported second-quarter 2010 earnings per share of 41 cents, exceeding the Zacks Consensus Estimate of 36 cents. Revenues Ingram Micro reported second-quarter 2010 revenues of $8.16 billion, up 24% from $6.58 billion in the year-ago quarter. The year-over-year increase in...

Analyst Ananda Baruah of Brean Murray, Carret maintains his “buy” rating on Ingram Micro Inc (NYSE: IM), while raising his estimates for the company. The target price for IM is set to $24. IM reported its June quarter earnings and revenue ahead of the consensus. According to Brean Murray, Carret...

Ingram Micro Inc. (NYSE: IM) reports Q2 earnings of $0.41 versus estimates of $0.37. Ingram Micro Inc. reports Q2 revenues of $8.16 billion versus estimates of $7.90 billion. Ingram Micro sees Q3 revenue flat sequentially.

ONYX Pharmaceuticals Inc (NASDAQ: ONXX) rose 16.42% to $25.03 in the pre-market session. ONXX is planning to seek FDA approval for its new multiple myeloma drug. A123 Systems Inc (NASDAQ: AONE) added 4.46% to $9.84 in pre-market trading. AONE has planned to open a research and development (R&D...

Lance Inc (NASDAQ: LNCE) shares gained 5.40% to $22.45 at 11:40 am. The volume of LNCE shares traded was 503% higher than normal. Analysts at Davenport upgraded LNCE from “neutral” to “buy.” NxStage Medical Inc (NASDAQ: NXTM) shares moved up 16.14% to $16.12. The volume of NXTM shares traded was...

Mellanox Technologies Ltd (NASDAQ: MLNX) dipped 16.39% to $19.18 in the pre-market session. MLNX had reported better-than-expected Q2 results. Netflix Inc (NASDAQ: NFLX) lost 8.74% to $109.19 in the pre-market session. While NFLX posted a 34% rise in its Q2 earnings, it failed to meet the revenue...

Expanding on its commitment to increasing its depth in the storage market, Arrow Enterprise Computing Solutions, a business segment of Arrow Electronics Inc. (NYSE: ARW), now sells the complete range of storage and data management solutions from NetApp in Austria. “Arrow ECS has a long-standing...

Some of the stocks that may grab investor focus today are: Wall Street expects The Greenbrier Companies (NYSE: GBX) to post Q3 loss at $0.01 per share. GBX’s shares surged 7.47% to close at $10.79 yesterday. Analysts are expecting Nu Horizons Electronics Corp (NASDAQ: NUHC) to have earned $0.06 per...

Shares of Mellanox Technologies LTD (NASDAQ: MLNX) are higher on the session by 3.56%, currently trading at $22.42. The stock has been trading lower over the past three months and is trading below the 50-day moving average. Options traders are selling some puts today. The July $22.50 strike was...