BofA Securities downgraded Avnet from Neutral to Underperform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2025 | Neutral → Underperform | BofA Securities | |
| 9/16/2022 | $45.00 → $35.00 | Equal Weight → Underweight | Wells Fargo |
| 7/14/2022 | $46.00 | Underweight | JP Morgan |
| 1/27/2022 | $52.00 → $57.00 | Strong Buy | Raymond James |
| 10/7/2021 | $49.00 → $43.00 | Neutral | BofA Securities |
| 8/12/2021 | $50.00 → $52.00 | Strong Buy | Raymond James |
BofA Securities downgraded Avnet from Neutral to Underperform
Wells Fargo downgraded Avnet from Equal Weight to Underweight and set a new price target of $35.00 from $45.00 previously
JP Morgan initiated coverage of Avnet with a rating of Underweight and set a new price target of $46.00
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Second quarter sales of $5.7 billion and diluted EPS of $0.99 Adjusted diluted EPS of $0.87 Cash flow from operations of $1.2 billion over the past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended December 28, 2024. "In the second quarter, we delivered sales and earnings within expectations, while continuing to make good progress managing the factors within our control," said Avnet Chief Executive Officer Phil Gallagher. "Our team's focus on optimizing inventory and effective operations allowed us to deliver another strong quarter of operating cash flow. Although market conditions are challenging, the value we add at the center of the tech
Conference call and webcast to follow at 8:00 a.m. PT / 11:00 am ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2025 on January 29, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 8:00 a.m. PT / 11:00 a.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor
Annual survey finds engineers are unsure of where AI will make the most impact – because they see its potential everywhere Engineers are looking at the opportunity for Artificial Intelligence (AI) in product development with cautious optimism as many are still assessing in which areas of their work AI will have the greatest impact. This is according to Avnet's (Nasdaq: AVT) fourth annual Avnet Insights survey, which has been keeping a pulse on how engineers are responding to the market – and looking ahead – since 2021. As engineers begin to feel more optimistic overall – 75% said they think market conditions for their design products are getting better, and half (49%) anticipate that ec
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8-K - AVNET INC (0000008858) (Filer)
10-Q - AVNET INC (0000008858) (Filer)
Second quarter sales of $5.7 billion and diluted EPS of $0.99 Adjusted diluted EPS of $0.87 Cash flow from operations of $1.2 billion over the past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended December 28, 2024. "In the second quarter, we delivered sales and earnings within expectations, while continuing to make good progress managing the factors within our control," said Avnet Chief Executive Officer Phil Gallagher. "Our team's focus on optimizing inventory and effective operations allowed us to deliver another strong quarter of operating cash flow. Although market conditions are challenging, the value we add at the center of the tech
Conference call and webcast to follow at 8:00 a.m. PT / 11:00 am ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2025 on January 29, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 8:00 a.m. PT / 11:00 a.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor
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Former CFO of Micron and Lam Research Brings Extensive Experience in Operations, Finance and Technology to Velodyne Lidar's Board Velodyne Lidar, Inc. (NASDAQ:VLDR, VLDRW))), today announced that its Board of Directors has appointed Ernest E. Maddock to the Board, effective January 13, 2022. Mr. Maddock has been appointed as a Class III director and a member of the Board's Audit Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220117005549/en/(Photo: Business Wire) Mr. Maddock is an operations, technology and corporate finance executive with over 35 years of leadership experience, including 10 as a public company CFO. F