Technology Distributors

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...

Get ready for W.W. Grainger (NYSE: GWW) earnings! Don't be the last to know: The company announces its next round of earnings this Tuesday, July 19, 2011. Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for this Tuesday's...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...

Shares of Ingram Micro (NYSE: IM) are higher on the session by 0.58%, currently trading at $17.48. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the...

Arrow Electronics, Inc. (NYSE: ARW) is expanding its global distribution agreement with Carclo Technical Plastics to distribute its optical products in North America and Asia. Carclo Technical Plastics is a global manufacturer of discrete optics and modular optical systems with facilities in...

ScanSource, Inc. (NASDAQ: SCSC) today announced that sales results for its quarter ended June 30, 2011 are expected to be in the range of $724 million to $734 million, compared to $582 million for the same period one year ago. On our August 18, 2011 quarter- and fiscal year-end conference call,...

Concentrix, a SYNNEX Corporation Company (NYSE: SNX) inaugurated its new building in San José, Costa Rica - investing upwards of USD$4 million (2,000 million Costa Rican Colones). The new facility, located in Pavas in the vicinity of the U.S. Embassy, has capacity for up to 1,200 staff. Currently...

Arrow Electronics (NYSE: ARW) today announced the availability of its BeMicro SDK Motor Control kit, made to highlight the ease of developing a motor-control design within a single FPGA device. By combining the strength of key technology partners such as Altera Corporation, Linear Technology...

Sterne Agee is out with its report today on Synnex (NYSE: SNX), maintaining Neutral. In a note to clients, Sterne Agee writes, "While we believe in the strong fundamentals of SNX and see upside potential to $35 based on a 9.5x forward multiple, an 11% return isn't enough to justify a Buy rating,...

Goldman Sachs reiterated its rating on Arrow Electronics (NYSE: ARW). On Tuesday, Arrow closed the day at $38.30.

BMC is out with its reporty today on Synnex (NYSE: SNX), lowering its PT from $43 to $40. In a note to clients, BMC writes, "Aug Q guidance was softer than consensus, with revenue of $2.54B-$2.64B and EPS of $0.88-$0.92 vs. Street of $2.65B and $0.94 due to ongoing soft consumer IT demand (most...

According to Citi, Synnex (NYSE: SNX) reported solid 2FQ results with in-line revs and a modest beat on earnings due to better distribution margins. Citi said that it is modestly revising down our revenue assumptions for FY11-13 by 2-3% primarily due to concerns over Japan. “However, our FY12-13...

Bank of America Merrill Lynch is out with its report today on SYNNEX (NYSE: SNX), raising its PO to $38. In a note to clients, Bank of America Merrill Lynch writes, "Our F2011 and F2012 revenue estimates go to $10.5bn and $11.4bn from $10.7bn and $11.8bn on weak consumer and softness in Japan. Our...

According to Goldman Sachs, SYNNEX (NYSE: SNX) reported organic revenue growth of 11% yoy in the May quarter as strong demand in the commercial market was partially offset by weaker trends in retail (consumer). Goldman Sachs said that Synnex saw strength in the SMB market and surprisingly in its...

Brean Murray Carret & Company has lowered the price target on Synnex Corporation (NYSE: SNX) from $43 to $40 and maintains its Buy rating.