Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services. The Global Enterprise Computing Solutions segment offers computing solutions, including data-center, cloud, security, and analytics solutions, as well as access to various services, including engineering and integration support, warehousing and logistics, marketing resources, and authorized hardware and software training. The company serves original equipment manufacturers, value-added resellers, as well as manages service providers, contract manufacturers, and other commercial customers. Arrow Electronics, Inc. was founded in 1935 and is based in Centennial, Colorado.
IPO Year:
Exchange: NYSE
Website: arrow.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/16/2022 | $125.00 → $87.00 | Equal Weight → Underweight | Wells Fargo |
| 2/4/2022 | $132.00 → $143.00 | Hold | Truist Securities |
| 2/2/2022 | $150.00 | Market Perform → Outperform | Raymond James |
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Channel partners can now use customized AI assistants, powered by ArrowSphere AI, to reinvent the way they manage business operations and engage with their customers. Global technology solutions provider Arrow Electronics, Inc. (NYSE:ARW) has enhanced its AI-infused ArrowSphere Cloud platform, allowing channel partners to create custom AI assistants that tap their own data, workflows, content, and vendor-specific data to deliver efficiency, cost reductions, and faster market entry. "ArrowSphere's augmented generative AI tools will mark a shift in how our channel partners are able interact with their customers," said Eric Gourmelen, vice president and chief technology officer, global Arr
-- Sales of $6.8 billion, at high-end of guidance range -- -- Third-Quarter Earnings Per Diluted Share of $1.88; Non-GAAP Earnings Per Diluted Share of $2.38 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its third quarter of 2024. "In the third quarter, the company continued to execute well in a challenging environment. While the cyclical correction continues in our global components business, we saw enterprise IT spending gain momentum," said Sean Kerins, Arrow's president and chief executive officer. "I am pleased that we delivered revenue above the midpoint of our guidance range and non-GAAP earnings per diluted share ahead of our expectations," said Mr.
Arrow Electronics, Inc. (NYSE:ARW), a global provider of technology solutions, and its engineering services company, eInfochips, have announced the expansion of its Automotive Centre of Excellence (CoE) with new development centres in Munich and Istanbul to better assist customers in the development of next-gen automotive products. Innovators face hurdles in adopting connected, autonomous and hybrid software technologies, as some lack in-house engineering talent with the relevant skills. Arrow's Automotive CoE addresses the opportunities and helps resolve the challenges associated with these technologies in the automotive industry. Arrow's recent acquisition of iQmine, a leading engineeri
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss third-quarter 2024 financial results on Oct. 31, 2024, at 1:00 p.m. ET. Webcast: A live webcast of the conference call will be available via the events section of investor.arrow.com or by accessing the webcast link directly at https://events.q4inc.com/attendee/487434328. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year. About Arrow Electronics Arrow Electronics (NYSE:ARW) sources and engineers technology solutions for thousands of leading manufacturers and service providers. With global 2023 sales of $33 billion, Arrow's portfoli
The new AI tool boosts channel partner performance and efficiency to drive greater cloud revenue growth Global technology solutions provider Arrow Electronics, Inc. announced today the general availability of ArrowSphere Assistant, an AI-powered copilot tool that helps its channel partners optimize their customers' cloud businesses when using the ArrowSphere Cloud platform. "Combining the power of generative AI with ArrowSphere Cloud's powerful data allows this tool to go beyond just answering cloud queries, but guide channel partners to new heights of cloud service excellence," said Eric Gourmelen, vice president and chief technology officer of global ArrowSphere Cloud and AI. "Our early
Global technology provider Arrow Electronics (NYSE:ARW) and Citrix, a business unit of Cloud Software Group, Inc., today announced a strategic distribution agreement. As part of the agreement, Arrow will assume responsibility for sales, marketing and technical support for all service provider channel partners consuming fewer than 2,000 Citrix licenses across North America and Europe. The strategic arrangement will commence on Oct. 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829178892/en/ Arrow has a long-standing relationship with Citrix. This new model will provide service provider channel partners previously man
-- Sales of $6.9 billion, exceeding guidance -- -- Second-Quarter Earnings Per Diluted Share of $2.01; Non-GAAP Earnings Per Diluted Share of $2.78 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its second quarter of 2024. "We continued to execute well in an evolving market environment, delivering second-quarter sales and non-GAAP earnings per diluted share comfortably ahead of our guided ranges," said Sean Kerins, Arrow's president and chief executive officer. "In addition, our value-added offerings in global components as well as better momentum in enterprise computing solutions contributed to our overall operating margin stability in the quarter," sai
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss second-quarter 2024 financial results on Aug. 1, 2024, at 1:00 p.m. ET. Webcast: A live webcast of the conference call will be available via the events section of investor.arrow.com or by accessing the webcast link directly at https://events.q4inc.com/attendee/244342075. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year. About Arrow Electronics Arrow Electronics guides innovation forward for thousands of leading technology manufacturers and service providers. With 2023 sales of $33 billion, Arrow develops technology solutions
Arrow Electronics, Inc. (NYSE:ARW) and Bourns, Inc., a leading manufacturer and supplier of electronics components for power, protection, and sensing solutions, announced their strategic collaboration to assist customers in the development of high-power solutions, a critical component in advancing electrification and sustainability initiatives. High-power designs require an extensive amount of customized magnetic components from a knowledgeable supplier experienced in developing solutions for high-frequency applications. Arrow, as part of this collaboration, will leverage Bourns' expertise in customized magnetic development. "High-power designs are crucial for successful net-zero initia
Global technology solutions provider Arrow Electronics, Inc. announced today it has been named Distribution Partner of the Year as part of the 2024 Rubrik Global Partner Awards. The Global Partner Awards highlight companies that have demonstrated excellence in delivering Rubrik-led data security solutions and innovation to their customers. "We're delighted that Rubrik recognizes the work Arrow is doing globally to enable our channel partners with the ability to deliver data security and operational resilience for organizations," said Eric Nowak, global president of Arrow's enterprise computing solutions business. "Together, we are pleased to provide them with tools needed to help secure t
Goldman Sachs analyst Toshiya Hari maintains Arrow Electronics (NYSE:ARW) with a Neutral and raises the price target from $116 to $132.
Goldman Sachs analyst Toshiya Hari maintains Arrow Electronics (NYSE:ARW) with a Neutral and raises the price target from $116 to $132.
This past week, eight companies in KeyBanc analyst John Vinh’s semi-coverage universe reported, from which he highlighted vital takeaways. The companies included Advanced Micro Devices, Inc (NASDAQ:AMD), Lattice Semiconductor Corp (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ:MPWR), NXP Semiconductors NV (NASDAQ:NXPI), ON Semiconductor Corp (NASDAQ:ON), Qualcomm Inc (NASDAQ:QCOM), Qorvo, Inc (NASDAQ:QRVO), and Skyworks Solutions, Inc (NASDAQ:SWKS). He noted analog cyclical semis show incremental signs of stabilization and bottoming, with booking trends improving and channel inventory further decreasing. Distributors Arrow Electronics, Inc (NYSE:ARW) and Avnet, Inc (NASDAQ:AVT) i
Arrow Electronics (NYSE:ARW) reported quarterly earnings of $2.41 per share which beat the analyst consensus estimate of $2.37 by 1.69 percent. The company reported quarterly sales of $6.924 billion which missed the analyst consensus estimate of $7.046 billion by 1.73 percent. This is a 20.74 percent decrease over sales of $8.736 billion the same period last year.
It is available exclusively to Arrow channel partners across EMEA via ArrowSphere Cloud. Working with IBM Cloud and international vendor of cloud SaaS offerings Anycloud, Arrow has developed a scalable solution that allows businesses to scale their storage requirements while adapting to the ever-changing demands of data backup. It provides advanced encryption and data protection measures, with data stored in IBM datacentres. An easy-to-use management portal streamlines processes and a fixed price per TB pricing model helps ensure customers only pay for their storage consumption, with no setup fees or variables. "Businesses are managing increasing quantities of data and are often strugg
What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the technology sector: HP (NYSE:HPQ) - P/E: 8.52 Movella Holdings (NASDAQ:MVLA) - P/E: 0.11 Arrow Electronics (NYSE:ARW) - P/E: 7.61 CXApp (NASDAQ:CXAI) - P/E: 0.9 JinkoSolar Holding Co (NYSE:JKS) - P/E: 2.59
-- Sales of $6.8 billion, at high-end of guidance range -- -- Third-Quarter Earnings Per Diluted Share of $1.88; Non-GAAP Earnings Per Diluted Share of $2.38 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its third quarter of 2024. "In the third quarter, the company continued to execute well in a challenging environment. While the cyclical correction continues in our global components business, we saw enterprise IT spending gain momentum," said Sean Kerins, Arrow's president and chief executive officer. "I am pleased that we delivered revenue above the midpoint of our guidance range and non-GAAP earnings per diluted share ahead of our expectations," said Mr.
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss third-quarter 2024 financial results on Oct. 31, 2024, at 1:00 p.m. ET. Webcast: A live webcast of the conference call will be available via the events section of investor.arrow.com or by accessing the webcast link directly at https://events.q4inc.com/attendee/487434328. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year. About Arrow Electronics Arrow Electronics (NYSE:ARW) sources and engineers technology solutions for thousands of leading manufacturers and service providers. With global 2023 sales of $33 billion, Arrow's portfoli
-- Sales of $6.9 billion, exceeding guidance -- -- Second-Quarter Earnings Per Diluted Share of $2.01; Non-GAAP Earnings Per Diluted Share of $2.78 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its second quarter of 2024. "We continued to execute well in an evolving market environment, delivering second-quarter sales and non-GAAP earnings per diluted share comfortably ahead of our guided ranges," said Sean Kerins, Arrow's president and chief executive officer. "In addition, our value-added offerings in global components as well as better momentum in enterprise computing solutions contributed to our overall operating margin stability in the quarter," sai
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss second-quarter 2024 financial results on Aug. 1, 2024, at 1:00 p.m. ET. Webcast: A live webcast of the conference call will be available via the events section of investor.arrow.com or by accessing the webcast link directly at https://events.q4inc.com/attendee/244342075. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year. About Arrow Electronics Arrow Electronics guides innovation forward for thousands of leading technology manufacturers and service providers. With 2023 sales of $33 billion, Arrow develops technology solutions
-- Sales of $6.9 billion in line with guidance -- -- First-Quarter Earnings Per Diluted Share of $1.53; Non-GAAP Earnings Per Diluted Share of $2.41 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its first quarter of 2024. "We continued to execute well in a challenging market environment and delivered first-quarter sales in line with our expectations, with non-GAAP earnings per diluted share above the high end of our guidance range," said Sean Kerins, Arrow's president and chief executive officer. "In the current environment, we're focused on managing factors within our control including effective use of working capital, appropriate cost discipline, and pr
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss first-quarter 2024 financial results on May 2, 2024, at 1:00 p.m. ET. Webcast: A live webcast of the conference call will be available via the events section of investor.arrow.com or by accessing the webcast link directly at https://events.q4inc.com/attendee/743613108. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year. About Arrow Electronics Arrow Electronics guides innovation forward for thousands of leading technology manufacturers and service providers. With 2023 sales of $33 billion, Arrow develops technology solutions that
-- Fourth-Quarter Sales In Line with Guidance -- -- Fourth-Quarter Earnings Per Share of $3.54 and Non-GAAP Earnings Per Share of $3.98, Both Above High End of Guidance -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its fourth quarter and fiscal year ended Dec. 31, 2023. "The company delivered fourth-quarter sales in line with our expectations, with earnings per share above the high end of our guidance range in challenging electronic components and IT spending markets," said Sean Kerins, Arrow's president and chief executive officer. "Despite excess inventory throughout the supply chain leading to softer demand in our components business, and a mixed IT sp
Arrow Electronics, Inc. (NYSE:ARW) announced the company will host a conference call to discuss fourth-quarter and full-year 2023 financial results on Feb. 8, 2024, at 1:00 PM ET. Webcast: A live webcast of the conference call will be available via the events section of investor.arrow.com or by accessing the webcast link directly at https://registrations.events/direct/Q4I97132. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year. Teleconference: Interested parties may pre-register online at https://events.q4inc.com/attendee/921341362 to obtain a user-specific access code and dial-in information to access the live conf
-- Third-Quarter Earnings Per Share of $3.53; Non-GAAP Earnings Per Share of $4.14 – -- Revenue of $8.01 billion in line with guidance -- Arrow Electronics, Inc. (NYSE:ARW) today reported third-quarter 2023 sales of $8.01 billion, a decrease of 14 percent year over year. Third-quarter net income was $199 million, or $3.53 per share on a diluted basis, compared with net income of $342 million, or $5.27 per share on a diluted basis, in the third quarter of 2022. Non-GAAP net income1 was $233 million, or $4.14 per share on a diluted basis, in the third quarter of 2023, compared with non-GAAP net income of $354 million, or $5.45 per share on a diluted basis, in the third quarter of 2022. Both
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss third-quarter 2023 financial results on Nov. 2, 2023, at 1:00 PM ET. Register online at https://conferencingportals.com/event/fEoxDDHd to obtain dial-in information to access the live conference call. The conference call will also be available via live webcast at investor.arrow.com. Shortly after the conference call, a webcast replay will be available at investor.arrow.com. The webcast replay will be available for one year. Arrow Electronics guides innovation forward for over 210,000 leading technology manufacturers and service providers. With 2022 sales of $37 billion, Arrow develops technology sol
Wells Fargo downgraded Arrow Electronics from Equal Weight to Underweight and set a new price target of $87.00 from $125.00 previously
Truist Securities reiterated coverage of Arrow Electronics with a rating of Hold and set a new price target of $143.00 from $132.00 previously
Raymond James upgraded Arrow Electronics from Market Perform to Outperform and set a new price target of $150.00
Citigroup reiterated coverage of Arrow Electronics with a rating of Neutral and set a new price target of $110.00 from $85.00 previously