SYNNEX

TD SYNNEX Corp. engages in the distribution and aggregation of solutions in the information technology ecosystem. It operates through the following geographical segments: Americas, Europe, and Asia-Pacific and Japan. The firm offers IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. It also provides system design and integration solutions. The company was founded by Robert T. Huang in 1980 and is headquartered in Fremont, CA.

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SYNNEX (SNX) surpasses Q4 targets, eyes IT spending growth

SYNNEX delivered strong financial performance, exceeding targets and showcasing growth across regions and business segments. Challenges lie in the PC market and supply chain constraints, but opportunities abound in IT spending growth and cost synergies realization.

SYNNEX (SNX) reports resilient Q1 performance amidst market challenges

SYNNEX (SNX) delivered a solid performance in Q1 despite challenges in the PC market, showcasing strength in high growth technologies and resilient segments like SMB and government spend.
The company faces challenges related to customer caution, inventory management, and endpoint device improvements but sees opportunities in market expansion, efficiency gains, and technological advancements.
Overall sentiment remains stable across sales channels, with a focus on capital allocation, cash flow generation, and shareholder returns through dividends and share repurchases.
Interest expense is expected to decrease in the second half, and the company is well-positioned to leverage growth opportunities in advanced solutions and new technologies.

SYNNEX shows resilience in Q2, eyes market recovery and M&A

SYNNEX's Q2 showcased resilience, growth in Advanced Solutions, and cost synergies. Challenges include PC demand decline and elongated sales cycles. Opportunities lie in market sentiment recovery, M&A pursuits, and tech spending trends.

SYNNEX reports positive Q3 results amidst European challenges and growth opportunities

SYNNEX's Q3 performance showed growth in key areas but faced challenges in Europe due to macroeconomic factors.
The company's focus on cost optimization and new solutions highlights a commitment to driving value for customers.
While maintaining market share in the Americas, efforts are ongoing to address challenges and capitalize on growth opportunities.
Overall, SYNNEX remains optimistic about future prospects and is actively working towards further optimization and expansion.

SYNNEX (SNX) surpasses Q4 expectations, eyes growth amidst challenges

SYNNEX (SNX) reported strong Q4 results, exceeding expectations in key financial metrics and showcasing resilience amidst market challenges. The company's focus on ESG, digital capabilities, and strategic investments positions it well for future growth. Challenges in margin optimization and market headwinds require careful navigation, but opportunities for growth through new segments and improved solution offerings are on the horizon.

SYNNEX (SNX) reports strong Q1 earnings, eyes AI opportunities

SYNNEX (SNX) had a strong start to the fiscal year with record margins and solid growth in Advanced Solutions. Despite challenges in mobile devices and some billing declines, the company remains optimistic about future opportunities.
The outlook for Q2 shows expectations for continued financial strength, with a focus on AI-related demand and strategic decisions to optimize revenue growth. Management's appreciation for quarter performance and dedication of coworkers highlight a positive outlook for the company.
With a focus on maintaining financial performance, capitalizing on AI-related opportunities, and addressing challenges in specific segments, SYNNEX (SNX) aims to navigate market dynamics and drive growth in the coming quarters.

SYNNEX Q2 Earnings Up, Bullish on AI and New CEO

SYNNEX's Q2 2024 earnings call highlighted a positive financial trajectory with a 3% increase in gross billings and strong shareholder returns. The company is optimistic about future growth, driven by technological investments and new leadership under CEO Patrick Zammit. AI and AI PCs are identified as key growth areas.

SYNNEX reports growth in Q3 earnings, eyes AI investments

SYNNEX demonstrated solid performance in Q3 with growth in gross billings and a focus on key business priorities.
While facing challenges in non-GAAP gross profit, the company aims to optimize cost management and drive free cash flow.
Opportunities lie in investments in AI, strategic technologies, and potential M&A strategies to fuel future growth and innovation.

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SAN JOSE, Calif., July 20, 2021 /PRNewswire/ -- DTEN announces a distribution agreement with SYNNEX Corporation, a leading provider of distribution, systems design and integration services for the technology industry, making the complete DTEN portfolio of video-first solutions available through SYNNEX' extensive network of retail and reseller partners.

DTEN Teams With Leading Technology Distributor SYNNEX Corporation

Synnex Corporation ( SNX , Financial) recently joined the ranks of Undervalued Predictable stocks at GuruFocus because of its earnings-based discounted cash flow valuation and its predictability rating of five-out-of-five stars

Synnex Offers a Solid Margin of Safety

SAN FRANCISCO--(BUSINESS WIRE)--Zettaset signs an agreement with SYNNEX Corporation to offer leading data protection solutions to its customers.

Zettaset Signs Agreement with SYNNEX Corporation to Offer Leading Data Protection Solutions to Customers

SAN FRANCISCO--(BUSINESS WIRE)--Reciprocity, a leader in information security risk and compliance, today announced it has expanded the Reciprocity® Partner Program to now enable InfoSec solution providers and Value Added Resellers (VARs) to develop and deliver innovative products and services supported by the award-winning ZenGRC® platform. In addition, the company signed an agreement with SYNNEX, a leading provider of distribution, systems design and integration services for the technology ind

Reciprocity Expands Partner Program

Synnex Corp (NYSE: SNX) confirmed that it was aware of specific instances where outside actors attempted to gain access through SYNNEX to customer applications within the Microsoft Corp (NASDAQ: MSFT) cloud environment.  SYNNEX defended that it was not a Managed Service Provider (MSP), as the media reported.

Synnex Defends Its Role In Friday Cybersecurity Attacks

FREMONT, Calif., July 6, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, confirms it is aware of a few instances where outside actors have attempted to gain access, through SYNNEX, to customer applications within the Microsoft cloud environment.

SYNNEX Responds to Recent Cybersecurity Attacks and Media Mentions

FREMONT, Calif., June 30, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that, based on the voting results from its special meeting held today, SYNNEX stockholders have approved the previously announced merger agreement with Tech Data.

SYNNEX Corporation Stockholders Approve Merger with Tech Data

RESTON, Va., June 29, 2021 /PRNewswire/ -- ORock® Technologies, Inc., a high-performance hybrid cloud service provider built on OpenStack and certified by FedRAMP and the Department of Defense, today announced that it has signed a distribution agreement with SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry.

ORock Technologies Expands its Cloud Business with Value-Added Distributor SYNNEX Corporation

GREENVILLE, S.C. , June 28, 2021 /PRNewswire/ -- SDV Solutions, Inc.

SDV Solutions enters agreement with SYNNEX Corporation to deliver TPM solutions to Federal Government

SYNNEX's (SNX) second-quarter fiscal 2021 results benefit from a steady IT spending environment on the back of rapid digital transformation.

SYNNEX's (SNX) Q2 Earnings & Revenues Top Estimates, Up Y/Y

SYNNEX Corporation (SNX) CEO Dennis Polk on Q2 2021 Results - Earnings Call Transcript

FREMONT, Calif., June 24, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced financial results for the fiscal second quarter ended May 31, 2021.

SYNNEX Corporation Reports Second Quarter Fiscal 2021 Results

GREENVILLE, S.C., June 23, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that Hewlett Packard Enterprise has named SYNNEX its 2021 Global Distributor of the Year.

Hewlett Packard Enterprise Honors SYNNEX Corporation as 2021 Global Distributor of the Year

SYNNEX (SNX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for SYNNEX (SNX) This Earnings Season?

SYNNEX's (SNX) Q2 earnings are likely to have benefited from increased demand for hardware and tools, which support remote working.

SYNNEX (SNX) to Report Q2 Earnings: What's in the Cards?

Synnex (SNX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Synnex (SNX) Earnings Expected to Grow: Should You Buy?

Synnex (SNX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Synnex (SNX) Beat Estimates Again in Its Next Earnings Report?

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NEW YORK, June 15, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Communications Systems, Inc. (NASDAQ: JCS)  concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Pineapple Energy, LLC. Upon closing, Communications Systems shareholders are expected to initially hold approximately 37% of the total shares of the combined company, which is expected to decrease over time.

INVESTIGATION ALERT: Halper Sadeh LLP Investigates JCS, MDCA, SNX, ORBC, CADE; Shareholders are Encouraged to Contact the Firm

FREMONT, Calif., June 10, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced it will report its financial results for the second quarter of fiscal 2021 after market close on Thursday, June 24, 2021.

SYNNEX Corporation to Announce Second Quarter Fiscal 2021 Results on June 24, 2021

ORLANDO, Fla., June 7, 2021 /PRNewswire/ -- Smart Charging Technologies LLC (SCT), the developer of the newly released smart IoT DC micro UPS, Switch Always On, today announced that it has entered into a distribution agreement with SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design integration services for the technology industry.

Smart Charging Technologies LLC (SCT) Announces Distribution Agreement with SYNNEX Corporation for Switch Always On

GREENVILLE, S.C., May 25, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, and SYNNEX Canada Limited, a wholly-owned subsidiary of SYNNEX, announced today they were each honored as Aruba's 2021 Distributors of the Year for the US and Canada.

SYNNEX Corporation Named Aruba Distributor of the Year for US and Canada

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Investors screening the market for opportunities amid growing companies may want to consider the following three stocks, as their share prices are trading lower than their Peter Lynch Fair Values.

3 Stocks Trading Below the Peter Lynch Fair Value

GREENVILLE, S.C., May 12, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that CRN ® , a brand of The Channel Company, has named 16 SYNNEX executives to the highly respected 2021 Women of the Channel list, with two making the Power 100 list.

SYNNEX Corporation Announces 16 Executives Named to CRN Women of the Channel with Two Names Added to the Power 100

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NEWARK, Calif.--(BUSINESS WIRE)-- #PAM--Fudo Security teams with SYNNEX Corporation (NYSE: SNX) to deliver Zero Trust network security

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