UBS initiated coverage on TD Synnex with a new price target
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UBS initiated coverage of TD Synnex with a rating of Neutral and set a new price target of $105.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2024 | $135.00 → $140.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/16/2024 | $115.00 → $145.00 | Neutral → Buy | UBS |
| 1/8/2024 | $112.00 → $113.00 | Overweight → Neutral | JP Morgan |
| 11/22/2023 | $105.00 | Neutral | UBS |
| 5/1/2023 | $101.00 | Buy | Goldman |
| 2/15/2023 | $109.00 | Equal Weight | Barclays |
| 10/4/2022 | $95.00 | Sector Perform | RBC Capital Mkts |
| 8/17/2022 | $115.00 | Neutral | Credit Suisse |
Fiscal fourth quarter revenue of $15.8 billion, above our outlook of $14.9 - $15.7 billion. Fiscal fourth quarter non-GAAP gross billings(1) of $21.2 billion, above the midpoint of our outlook of $20.5 - $21.5 billion. Fiscal fourth quarter net income of $195 million and non-GAAP net income(1) of $263 million. Fiscal fourth quarter diluted earnings per share ("EPS") of $2.29 and non-GAAP diluted EPS(1) of $3.09, above the midpoint of our outlook. Fiscal fourth quarter cash provided by operations of $562 million and free cash flow(1) of $513 million. Fiscal 2024 cash provided by operations of $1.2 billion and free cash flow(1) of $1.0 billion. Returned $750 million to stoc
TD SYNNEX (NYSE:SNX) today announced it will reschedule its fourth quarter and full year fiscal 2024 earnings release and conference call, previously scheduled for Thursday, January 9, 2025, to Friday, January 10, 2025, before the U.S. market opens at 6:00 a.m. PT / 9:00 a.m. ET. The adjustment to the earnings release and conference call date is in recognition of the National Day of Mourning of former President Jimmy Carter and the closing of the New York Stock Exchange on January 9, 2025. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at ir.tdsynnex.com, and a replay of the webcast will be available following the call. About TD SYN
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the fourth quarter and full year of fiscal 2024 before the U.S. market opens on Thursday, January 9, 2025. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at ir.tdsynnex.com, and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value o
10-K - TD SYNNEX CORP (0001177394) (Filer)
8-K - TD SYNNEX CORP (0001177394) (Filer)
8-K - TD SYNNEX CORP (0001177394) (Filer)
TD SYNNEX honored for fourth consecutive year TD SYNNEX (NYSE:SNX) today announced it has been named one of the "2025 World's Most Admired Companies" by FORTUNE. This is the fourth consecutive year the company has been named to the list, following the legacy companies' long history of inclusion on the list as well. "We are honored to be part of this distinguished list of companies once again and to see our team recognized for their dedication to empowering our global partners to achieve great outcomes with technology," said TD SYNNEX CEO Patrick Zammit. "This achievement reflects the culture fostered by our 23,000 co-workers worldwide, who are committed to making IT personal for our par
TD SYNNEX (NYSE:SNX) announces the launch of the initial phase of the TD SYNNEX Digital Bridge Microsoft Teams Plugin, now available to customers in North America. This is the first plugin available as part of the new TD SYNNEX Digital Bridge solution. TD SYNNEX Digital Bridge is a unique marketplace of pre-built integrations being designed to remove complexity and connect partners' existing systems directly to TD SYNNEX, providing real-time information that will enable faster, automated workflows that can reduce costs and increase efficiency. According to the TD SYNNEX 3rd annual Direction of Technology report, partners said that simplified, specialized tech solutions, ease of transact
TD SYNNEX (NYSE:SNX) today announced the upcoming retirement of Hau Lee from its Board of Directors (the "Board"). Lee, who has served as a Director of TD SYNNEX since 2012, will retire from the Board when his current term of office expires, effective at TD SYNNEX's 2025 Annual Meeting of Stockholders. "Hau has provided invaluable leadership and expertise that have significantly contributed to TD SYNNEX's growth and success," said Ann Vezina, Chair of the TD SYNNEX Board of Directors. "We are grateful for Hau's dedication and commitment to the company, and we wish him all the best in his retirement." "I have been honored to work with the TD SYNNEX directors and executive leadership team
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
RBC Capital Mkts upgraded TD Synnex from Sector Perform to Outperform and set a new price target of $140.00 from $135.00 previously
UBS upgraded TD Synnex from Neutral to Buy and set a new price target of $145.00 from $115.00 previously
JP Morgan downgraded TD Synnex from Overweight to Neutral and set a new price target of $113.00 from $112.00 previously
TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the appointment of Kristie Grinnell as Executive Vice President and Chief Information Officer, effective January 20, 2025. She succeeds Bonnie Smith, who will be retiring from her role as TD SYNNEX CIO and will stay with the company until February 1 to ensure a smooth transition. "Kristie brings a wealth of experience and a proven track record of transformational leadership that will strengthen how we harness the power of data and digital to deliver personalized, targeted customer engagement and operational excellence," said Patrick Zammit, CEO, TD SYNNEX. "We thank Bonnie for
Raja Appointed Senior Vice President of Hyperscaler and Marketplace in North America TD SYNNEX (NYSE:SNX) announced today the appointment of industry veteran Tanuj Raja as Senior Vice President, North America Hyperscaler and Marketplace. Raja joins TD SYNNEX from Google and brings a wealth of expertise in marketplace strategies, digital transformation, and Telecom and Edge ecosystems. "We are thrilled to welcome Tanuj to TD SYNNEX and to help our partners capitalize on digital opportunities in new ways," said Reyna Thompson, Incoming North America President at TD SYNNEX. "At TD SYNNEX, we empower our partners to scale across diverse customer segments by providing comprehensive enablement
New program empowers North American partners to build their AI practice through tailored support TD SYNNEX, (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the launch of its Destination AI™ Practice Accelerator in North America to fast-track AI go-to-market efforts and monetization for partners. The program provides personalized support to partners looking to deliver specialized AI solutions to their customers. According to TD SYNNEX's recently released Direction of Technology report, partners are rapidly increasing investments in AI, with nearly half of all channel partners planning to offer AI-driven solutions in the next two years
4 - TD SYNNEX CORP (0001177394) (Issuer)
4 - TD SYNNEX CORP (0001177394) (Issuer)
4 - TD SYNNEX CORP (0001177394) (Issuer)