SYNNEX Corp. (SNX) to Release Earnings on Thursday
SYNNEX Corp. (NYSE:SNX) will release its Q4 earnings data after the market closes on Thursday, January 9th. Parties that wish to register for the company’s conference call can do so using this link.
SYNNEX Corp. (NYSE:SNX) opened at 63.99 on Wednesday. SYNNEX Corp. has a 52 week low of $32.04 and a 52 week high of $68.71. The stock’s 50-day moving average is $65.86 and its 200-day moving average is $56.99. The company has a market cap of $2.369 billion and a P/E ratio of 20.37.
Several analysts have recently commented on the stock. Analysts at Cross Research downgraded shares of SYNNEX Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 3rd. They now have a $70.00 price target on the stock. Analysts at Zacks downgraded shares of SYNNEX Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 27th. They now have a $68.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $62.00.
In other SYNNEX Corp. news, COO Dennis Polk unloaded 3,000 shares of SYNNEX Corp. stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $66.71, for a total transaction of $200,130.00. Following the completion of the sale, the chief operating officer now directly owns 46,804 shares in the company, valued at approximately $3,122,295. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Synnex Corporation provides services to resellers, retailers and original equipment manufacturers (NYSE:SNX), in multiple regions around the world.
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