Technology Distributors

Ingram Micro (NYSE: IM) showed its support for its local community and the military by presenting $150,000 to local charities at its 18th Annual West Coast Charity Golf Tournament, held on Saturday, May 21 at the Tustin Ranch Golf Course in Tustin, Calif. With the help of partners and sponsors, the...

Bank of America reiterated its Buy rating on Arrow Electronics (NYSE: ARW) after attending the company's analyst day. In a research report published today, Bank of America states, "The company maintained its operating margin targets and also provided new C2013 financial targets - revenue of $26...

Analysts at BMO Capital Markets downgraded Longtop Financial Technologies Limited (NYSE: LFT) from “outperform” to “market perform.” LFT's shares closed at $18.93 yesterday. LFT's trailing-twelve-month profit margin -8.66%. Credit Suisse downgraded East West Bancorp Inc (NASDAQ: EWBC) from “...

Bank of America Merrill Lynch commented on Tech Data (NASDAQ: TECD) in a report released today. In the report, Bank of America Merrill Lynch was mixed in its assessment of the company. Bank of America Merrill Lynch writes, "TECD reported EPS of $1.03 vs. our/consensus of $1.11/1.05 on lower...

Goldman Sachs is out with its report today on Ingram Micro (NYSE: IM), downgrading IM from Buy to Neutral. In a note to clients, Goldman Sachs writes, "We downgrade IM to Neutral from Buy. When we removed IM from the CL on 4/28 due to the company's ERP setback, we maintained our Buy due to solid...

Goldman Sachs has downgraded Ingram Micro (NYSE: IM) from Buy to Neutral and has lowered the price target from $23 to $20.

Bank of America has lowered the price objective on Tech Data Corporation (NASDAQ: TECD) from $55 to $50 and maintains its Neutral rating.

Perry Ellis International Inc (NASDAQ: PERY) reported upbeat quarterly results and lifted its earnings guidance for the year. Perry Ellis reported its Q1 net income at $15.4 million, or $0.99 per share, up from $11.2 million, or $0.81 per share, in the year-ago period. Excluding items, PERY's...

Tech Data Corporation (NASDAQ: TECD) reported weaker-than-expected quarterly earnings on Monday. Tech Data reported its Q1 operating income at $75.7 million, compared with $69.5 million, in the year-ago quarter. The company's net income attributable to shareholders increased to $48.7 million, or $...

US stock futures are lower this morning, as sovereign debt worries hit Europe. Futures on the Dow Jones Industrial Average dipped 124 points to 12,342.00 and futures on the S&P 500 stock index fell 13.50 points to 1,314.30. Nasdaq 100 futures dropped 24.25 points to 2,319.25. US stocks closed...

China Sunergy Co Ltd (NASDAQ: CSUN) is expected to report its Q1 EPS at $0.12 on revenue of $191.79 million. Perry Ellis International Inc (NASDAQ: PERY) is projected to report its Q1 earnings at $0.99 per share on revenue of $277.07 million. GT Solar International Inc (NASDAQ: SOLR) is estimated...

Some of the stocks that may grab investor focus today are: Wall Street expects Krispy Kreme Doughnuts Inc (NYSE: KKD) to report its Q1 EPS at $0.09 on revenue of $96.55 million. KKD shares closed at $6.40 on Friday. Analysts are expecting Campbell Soup Company (NYSE: CPB) to have earned $0.52 per...

This week, quarterly results are due from Campbell Soup (NYSE: CPB) and Polo Ralph Lauren (NYSE: RL), which are expected to report that earnings are lower than they were a year ago. From AutoZone (NYSE: AZO), Big Lots (NYSE: BIG), DSW (NYSE: DSW), H.J. Heinz (NYSE: HNZ), Hormel Foods (NYSE: HRL),...

By Lucas Scholhamer, Guest Editor Jeremy Grantham's bearish approach to value investing has led to significant success for his Boston-based asset management firm, GMO. We continue our in-depth analysis of some of this guru's most recent buy ideas: Insight Enterprises Inc. (NSIT): This Arizona-based...

By Lucas Scholhamer, Guest Editor Jeremy Grantham's bearish approach to value investing has led to significant success for his Boston-based asset management firm, GMO. We continue our in-depth analysis of some of this guru's most recent buy ideas: Insight Enterprises Inc. (NSIT): This Arizona-based...