News coverage about SYNNEX (NYSE:SNX) has trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SYNNEX earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.7786547560328 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of SYNNEX (NYSE SNX) opened at $123.34 on Wednesday. SYNNEX has a one year low of $101.48 and a one year high of $141.94. The company has a market cap of $4,890.08, a P/E ratio of 16.45 and a beta of 0.90. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50.
SYNNEX (NYSE:SNX) last released its earnings results on Tuesday, January 9th. The business services provider reported $2.79 EPS for the quarter, beating the consensus estimate of $2.69 by $0.10. SYNNEX had a net margin of 1.77% and a return on equity of 16.43%. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the business earned $2.57 earnings per share. The business’s quarterly revenue was up 36.7% on a year-over-year basis. equities analysts predict that SYNNEX will post 10.42 EPS for the current year.
In related news, CFO Marshall Witt sold 300 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $122.00, for a total transaction of $36,600.00. Following the completion of the sale, the chief financial officer now directly owns 10,531 shares of the company’s stock, valued at $1,284,782. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dennis Polk sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $123.02, for a total transaction of $246,040.00. Following the sale, the chief executive officer now directly owns 22,408 shares of the company’s stock, valued at $2,756,632.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,268,400 shares of company stock valued at $165,286,532. Company insiders own 3.20% of the company’s stock.
SYNNEX Company Profile
Synnex Corporation is a business process services company. The Company provides a range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy. The Company operates in two segments: Technology Solutions and Concentrix.
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