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Stock Market & Financial Investment News

News Breaks
January 2, 2013
15:05 EDTTECD, TMICYTech Data and Trend Micro partner to integrate LMP into Solution's Store
Tech Data Corporation (TECD) announced its partnership with Trend Micro Inc. (TMICY) to integrate Trend Micro's Licensing Management Platform, LMP, into Tech Data's Solutions Store. Trend Micro's LMP is a designated application for managed service providers, MSP, which allows Trend Micro MSP resellers direct software license provisioning control for cloud-based SaaS security
News For TECD;TMICY From The Last 14 Days
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April 10, 2014
07:32 EDTTECDTech Data price target raised to $75 from $64 at Brean Capital
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April 9, 2014
08:07 EDTTECDTech Data announces U.S. distribution agreement with Peak 10
Tech Data and Peak 10 announced a U.S. distribution agreement to provide Peak 10's suite of Cisco Powered cloud and managed services to the Tech Data channel of solution providers. Peak 10's diverse cloud offerings are now available through Tech Data's TDCloud business unit in the company's award-winning Solutions Store. The announcement was made in conjunction with Tech Data's spring Channel Link event, being held this week at the Mohegan Sun in Connecticut.
06:06 EDTTECDTech Data sees 2015 non-GAAP effective tax rate 31%-33%
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06:06 EDTTECDTech Data sees Q1 revenue growth in Americas in mid-single-digits
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06:05 EDTTECDTech Data reports Q4 adjusted EPS $2.10, consensus $1.93
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April 8, 2014
08:08 EDTTECDTech Data partners with Good Technology on comprehensive security solutions
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April 4, 2014
10:25 EDTTECDSYNNEX soars to 52-week high after results, guidance top estimates
Shares of business process services company SYNNEX (SNX) are rallying after the company’s first quarter results and second quarter outlook topped analysts’ consensus estimates. WHAT'S NEW: Last night, SYNNEX reported Q1 adjusted earnings per share of $1.25 and revenue of $3.03B, against consensus views of 94c and $2.77B, respectively. The company forecast Q2 adjusted EPS of $1.34-$1.38, easily surpassing the consensus of $1.14. Q2 revenue was seen at $3.1B-$3.2B, compared to the consensus of $3.01B. “We believe the strength we have recently experienced in IT demand will continue in our second quarter,” stated Kevin Murai, President and CEO of SYNNEX. “We are on track with our integration of the combined Concentrix business and expect to close the IBM customer care acquisition in the remaining countries in the coming months.” ANALYST REACTION: This morning, research firm Brean Capital raised its price target on SYNNEX to $85 from $72 following the company’s results and guidance. The firm cited solid demand in the core distribution business complemented by impressive growth in the Concentrix business. Shares were Buy rated. PRICE ACTION: In morning trading, SYNNEX soared $14.36, or about 23%, to $76.78 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $77.98. Including today’s advance, the stock has gained approximately 117% over the past twelve months. OTHERS TO WATCH: Others in the business process services industry include Ingram Micro (IM) and Tech Data (TECD).

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