Technology Distributors

Shares of Best Buy Co Inc (NYSE: BBY) surged about 5.5% after the company reported better-than-expected fiscal first-quarter profit. Best Buy's profit dropped to $136 million, or $0.35 per share, from $155 million, or $0.36 per share, in the year-earlier quarter. Its sales surged 1.4% to $10.9...

Agilysys Inc (NASDAQ: AGYS) reported a 5.8% rise in its fiscal fourth-quarter consolidated sales on Tuesday. Agilysys' consolidated sales came in at $143.8 million, up from $135.8 million, in the final quarter of fiscal 2010. Its gross margin dropped to 25.3% of sales, versus 26.4% of sales, in...

Agilysys Inc (NASDAQ: AGYS) is projected to post a Q4 loss at $0.27 per share on revenue of $158.78 million. FactSet Research Systems Inc (NYSE: FDS) is estimated to post its Q3 earnings at $0.92 per share on revenue of $183.10 million. Capstone Turbine Corp (NASDAQ: CPST) is expected to post a...

Some of the stocks that may grab investor focus today are: Analysts expect Best Buy Co Inc (NYSE: BBY) to report its Q1 EPS at $0.33 on revenue of $10.70 billion. BBY shares jumped 0.56% to $28.98 in after-hours trading. Hewlett-Packard Co (NYSE: HPQ) named 29-year veteran Ann Livermore to the...

J.P. Morgan is out with its report today on Mellanox Technologies (NASDAQ: MLNX), maintaining Neutral. In a note to clients, J.P. Morgan writes, "Mellanox held its first Analyst Day on Friday and we came away from the meeting confident that the company can maintain its significant leadership in...

S.p.A. (NYSE: IM) today reports new clinical data of its investigational anticancer drug NGR-hTNF in three different lung cancer indications, which will be presented on 4 June at the 47th ASCO Annual Meeting in Chicago. Initial analysis of a randomised Phase II trial in non-small cell lung cancer,...

After market close, Tech Data Corp. (NASDAQ: TECD) announced that the board had authorized an additional $100M in share repurchase, “bringing the total authorization to $200M,” Citi reports. “We believe the extremely attractive valuations (8.5x F12 PE, 5% discount to tangible book) prompted the...

Tech Data Corporation (Nasdaq: TECD) announced today that its Board of Directors has approved a $100 million increase to its existing share repurchase program announced in March 2011, resulting in a total share repurchase authorization of $200 million. Through May 31, 2011, the company repurchased...

While Americans had a three-day weekend, word came out of Germany that by 2022, that nation is planning to shutter its nuclear power plants, and use other sources for electricity production. As a result solar stocks were popping, but so was FuelCell Energy...

While Americans had a three-day weekend, word came out of Germany that by 2022, that nation is planning to shutter its nuclear power plants, and use other sources for electricity production. As a result solar stocks were popping, but so was FuelCell Energy...

Shares of Ashland Inc (NYSE: ASH) jumped about 10% after the company announced its plans to buy specialty chemical maker International Specialty Products Inc for around $3.2 billion in cash. The deal is expected to close before the end of the fourth quarter and is likely to be immediately accretive...

Yongye International Inc (NASDAQ: YONG) shares advanced 52.00% to $5.70 at 9:50 am. YONG'S Chairman and Chief Executive Officer Mr. Zishen Wu intends to purchase up to $3.0 million worth of shares of the Company's Common Stock in open market transactions. Central Vermont Public Service Corp (NYSE...

Agilysys, Inc. (Nasdaq: AGYS) announced today that it entered into a definitive agreement to sell its $474 million-revenue Technology Solutions Group business for a purchase price of $64 million to OnX Enterprise Solutions. The transaction is subject to approval by Agilysys shareholders and is...

According to Sterne Agee, Ingram Micro (NYSE: IM) is upgraded to Buy. Sterne Agee said that it is upgrading its rating on IM to Buy from Neutral for three key reasons and raising the price target to $24 (from $22) based on what it believes is a reasonable 10x multiple on the CY12 EPS of $2.40. “We...

Sterne Agee has upgraded Ingram Micro (NYSE: IM) from Neutral to buy and has raised the price target from $22 to $24.