Last $59.96 USD
Change Today -0.80 / -1.32%
Volume 143.7K
SNX On Other Exchanges
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As of 2:27 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

synnex corp (SNX) Snapshot

Open
$60.58
Previous Close
$60.76
Day High
$60.90
Day Low
$59.79
52 Week High
04/4/14 - $79.44
52 Week Low
02/3/14 - $51.65
Market Cap
2.4B
Average Volume 10 Days
254.8K
EPS TTM
$3.32
Shares Outstanding
39.2M
EX-Date
--
P/E TM
18.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNNEX CORP (SNX)

synnex corp (SNX) Related Businessweek News

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synnex corp (SNX) Details

SYNNEX Corporation provides distribution and business process outsourcing (BPO) services to resellers, retailers, and original equipment manufacturers (OEMs) primarily in North America. It operates in two segments, Distribution Services and Global Business Services (GBS). The Distribution Services segment distributes information technology (IT) products, such as IT systems, peripherals, system components, software, networking equipment, consumer electronics, and complementary products to value-added resellers, system integrators, and retailers. This segment also offers data center server and storage solutions; and contract assembly services, including systems design, build-to-order, configure-to-order, and assembly capabilities, as well as value added services comprising kitting, reconfiguration, asset tagging, and hard drive imaging. The GBS segment provides BPO services, including customer management, renewals management, back office processing, and IT outsourcing through voice, chat, Web, email, and digital print. The company also provides logistics services consisting of outsourced fulfillment, virtual distribution, and direct ship to end-users; financing services comprising net terms, third party leasing, floor plan financing, letters of credit backed financing, and arrangements; marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and Web-based marketing; and online and technical support services. It also has operations in China, India, Japan, the Philippines, Costa Rica, Hungary, Mexico, Nicaragua, and the United Kingdom. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.

53,000 Employees
Last Reported Date: 07/8/14
Founded in 1980

synnex corp (SNX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $600.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $546.2K
Chief Operating Officer and Director
Total Annual Compensation: $435.0K
President of North America Distribution
Total Annual Compensation: $435.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $245.0K
Compensation as of Fiscal Year 2013.

synnex corp (SNX) Key Developments

Novatel Wireless Announces Distribution Agreement with SYNNEX Corporation

Novatel Wireless Inc. announced that it has entered into a distribution agreement with SYNNEX Corporation's MOBILITYSolv group for the advanced MiFi Powered SA 2100 M2M LTE gateway. SYNNEX, a leading distributor of IT products and services, now offers Novatel Wireless' best of breed products to its solution providers across North America to help their end users make more intelligent decisions for full connected facilities. Novatel Wireless' SA 2100 is available in the US and Canada through the MOBILITYSolv group of SYNNEX Corporation, which provides leading M2M business solutions enabling remote data communications for a wide variety of applications. Availability of the SA 2100 is anticipated in Third Quarter FY2014. The competitively priced SA 2100 By Novatel Wireless is an advanced M2M LTE gateway device that incorporates the industry leading MiFi technology platform with customizations for multiple vertical markets and multiple connected life scenarios. The SA 2100 is a full-featured telemetry solution designed to optimize mobile resources for digital video surveillance, digital signage, remote access and control, and kiosk connectivity. The SA 2100 also provides automotive mobile hotspot functionality that can be used to address both telematics and mobile workforce use cases. A single device can now support both the mobile workforce and telematics peripherals such as in-cab cameras, laptops, and tablets for fleet drivers at the same time.

SYNNEX Corp. Announces Consolidated Unaudited Earnings Results for Second Quarter and Six Months Ended May 31, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal 2014

SYNNEX Corp. announced consolidated unaudited earnings results for second quarter and six months ended May 31, 2014. For the quarter, the company reported revenue of $3,453,535,000, income before income taxes and non controlling interest of $61,726,000, net income of $39,579,000, net income attributable to company shareholders of $39,551,000 or $1.01 diluted per share, NON GAAP operating income of $98,990,000, NON GAAP net income attributable to company's shareholders of $59,455,000 or $1.52 diluted per share, compared to the revenue of $2,591,361,000, income before income taxes and non controlling interest of $47,629,000, net income of $30,792,000, net income attributable to company shareholders of $30,769,000 or $0.81 diluted per share, NON GAAP operating income of $53,935,000, NON GAAP net income attributable to company's shareholders of $32,043,000 or $0.84 diluted per share, for the same quarter a year ago. For the year to date, the company reported revenue of $6,480,519,000, income before income taxes and non controlling interest of $122,146,000, net income of $78,037,000, net income attributable to company shareholders of $77,968,000 or $2.01 diluted per share, NON GAAP operating income of $175,545,000, NON GAAP net income attributable to company's shareholders of $107,169,000 or $2.77 diluted per share, compared to the revenue of $5,052,200,000, income before income taxes and non controlling interest of $99,337,000, net income of $64,183,000, net income attributable to company shareholders of $64,138,000 or $1.69 diluted per share, NON GAAP operating income of $111,828,000, NON GAAP net income attributable to company's shareholders of $66,673,000 or $1.75 diluted per share, for the same period a year ago. the company announced earnings guidance for the third quarter of fiscal 2014. The company announced that revenue is expected to be in the range of $3.3 billion to $3.4 billion. Non-GAAP net income is expected to be in the range of $56.9 million to $58.9 million. Non-GAAP diluted earnings per share are expected to be in the range of $1.45 to $1.50. After-tax amortization of intangibles is expected to be $11.2 million, or $0.28 per share. These estimates are based on the preliminary purchase price allocation of the IBM CRM acquisition and are subject to change.

Synnex Sharpens VISUALSolv Focus with Christie's Pro Av Solutions

SYNNEX Corporation has expanded its agreement with Christie to distribute the full line of Christie display technologies and solutions through SYNNEX' VISUALSolv group. SYNNEX has been offering Christie services' capabilities to its network of integrators. The expanded agreement furthers SYNNEX' relationship with the global visual technologies company, giving integrators access to Christie's full line of products, including projectors such as its large venue, high-lumen projectors, Christie(R) MicroTiles(R) for digital signage and Christie Brio products for collaborative communication.

 

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Price/Earnings 14.0x
Price/Sales 0.2x
Price/Book 1.5x
Price/Cash Flow 14.3x
TEV/Sales 0.1x
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