Wayside Technology Group, Inc. operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators under the names Climb Channel Solutions and Sigma Software Distribution; and software, hardware, and services under the names TechXtend and Grey Matter. It also resells computer software and hardware developed by others, as well as provides technical services to end user customers. In addition, the company offers a line of products from various software vendors; and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains, as well as computer hardware. Wayside Technology Group, Inc. markets its products through its own web sites, local and on-line seminars, events, webinars, and social media, as well as direct email and printed materials. It provides IT distribution and solutions for companies in the security, data management, cloud, connectivity, storage and HCI, virtualization, and software and ALM industries. The company was formerly known as Programmer's Paradise, Inc. and changed its name to Wayside Technology Group, Inc. in August 2006. Wayside Technology Group, Inc. was incorporated in 1982 and is headquartered in Eatontown, New Jersey.
IPO Year:
Exchange: NASDAQ
Website: waysidetechnology.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/19/2022 | $40.00 | Outperform | Barrington Research |
Barrington Research initiated coverage of Wayside Technology with a rating of Outperform and set a new price target of $40.00
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8-K - Climb Global Solutions, Inc. (0000945983) (Filer)
8-K - Climb Global Solutions, Inc. (0000945983) (Filer)
10-Q - Climb Global Solutions, Inc. (0000945983) (Filer)
8-K - Climb Global Solutions, Inc. (0000945983) (Filer)
8-K - Climb Global Solutions, Inc. (0000945983) (Filer)
8-K - Climb Global Solutions, Inc. (0000945983) (Filer)
10-Q - Climb Global Solutions, Inc. (0000945983) (Filer)
8-K - Climb Global Solutions, Inc. (0000945983) (Filer)
EATONTOWN, N.J., Feb. 22, 2022 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Wayside Technology Group, Inc. (NASDAQ:WSTG), a value-added global information technology (IT) channel company providing innovative sales and distribution solutions for emerging technology vendors, has elected Greg Scorziello to the Board effective February 22, 2022. With the appointment of Scorziello, Wayside's Board consists of seven directors, six of whom are independent under the listing standards of the NASDAQ. Greg Scorziello brings over 30 years of experience creating and building international operations for early stage and mid-size companies such as EMC when it was a sub 100 person entity.
EATONTOWN, N.J., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, has announced Carol DiBattiste's resignation from its Board of Directors (the "Board") to pursue other interests. Commenting on her resignation, DiBattiste stated: "I have really enjoyed my time on the Board and thank the Directors and Company Leadership for their great work and collaboration. I am grateful for having had the opportunity to contribute to the Board's and the Company's success." "On behalf of the Board and management team, I
NEWTOWN, Pa., Sept. 1, 2021 /PRNewswire/ -- Forian Inc. (NASDAQ:FORA), a provider of technology, analytics and data science driven solutions for the healthcare and cannabis industries, today announced the following: Convertible Notes Offering The Company has entered into a convertible note purchase agreement (the "Note Purchase Agreement") with a select group of institutional and accredited investors pursuant to which the Company will issue $24,000,000 aggregate principal amount at 100% of par value of its 3.5% convertible notes due 2025 (the "Notes"). The Notes are convertib
EATONTOWN, N.J., June 09, 2021 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ: WSTG), a value-added IT channel company providing innovative sales and distribution solutions for emerging technology vendors, today announced the appointment of Drew Clark as Chief Financial Officer effective June 7th. "Drew brings an excellent track record of driving results, as a leader in both publicly traded and privately held companies and we are thrilled to welcome him to our team," said CEO Dale Foster. Throughout his career Drew has played a pivotal role as a finance and operating executive most recently serving as the Chief Operating Officer of Medisolv, Inc. where he led all business ope
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EATONTOWN, N.J., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, is announcing a corporate rebrand from Wayside Technology Group to Climb Global Solutions, effective October 31, 2022. "Growing the Climb brand at a global scale has been a key initiative across the organization," said Dale Foster, CEO of Climb Global Solutions. "Brand recognition with a high-touch, customer service focus is important as our business grows internationally. We pride ourselves in performing at an exceptional level while conti
EATONTOWN, N.J., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Wayside Technology Group, Inc. (NASDAQ:WSTG), is partnering with storage and server market leader Viking Enterprise Solutions to offer their Cloud Native Obsidian storage solution. The exponential growth of unstructured data has put enterprises in a challenging situation where they are now paying large, unpredictable, recurring fees to public cloud providers – and having to deal with performance, security, control, continuity, and complexity issues. This new partnership brings a cost-controlled, flexible storage alternative to public
EATONTOWN, N.J., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, will host a conference call on Thursday, November 3, 2022 at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2022. The Company's results will be reported in a press release prior to the call. Wayside management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing [email protected]. Dat
EATONTOWN, N.J., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Wayside Technology Group, Inc. (NASDAQ:WSTG) has joined forces with Proofpoint, a leading cybersecurity and compliance company, to help companies stop targeted threats, safeguard their data, and train their employees to be more resilient against cyber-attacks. While email, mobile devices, and social media have become common tools of trade for many organizations, they can also be used nefariously by cyber criminals to attack businesses. Proofpoint protects these assets with an integrated suite of cloud-based solutions to block maliciou
EATONTOWN, N.J., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Wayside Technology Group, Inc. (NASDAQ:WSTG) and Calamu, whose cybersecurity platform is dedicated to eliminating data breaches with unprecedented resilience, have joined together to secure data across end-user devices, servers, and cloud workloads. "Taking data security to the next level by scattering user data across multiple locations is a game changer for resellers and end users," says Dale Foster, CEO at Climb Channel Solutions. "Partnering with Calamu, a data-first security solution, is a huge value add for the security stack f
EATONTOWN, N.J., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Wayside Technology Group, Inc. (NASDAQ:WSTG), in collaboration with Seagate® Technology Holdings plc (NASDAQ:STX), a world leader in mass-data storage infrastructure solutions, is expanding its cloud storage portfolio to include Seagate Lyve™ Cloud to the channel community. Costs should not be a barrier to storing and activating data at scale in multi-cloud environments. Lyve Cloud, Seagate's efficient, trusted and simple S3 object storage, is designed to enable multi-cloud freedom by eliminating egress fees, API calls, and vendor lock
Acquisition Expands Wayside's Reach in EMEA and Strengthens Product Offerings in Storage, Cloud, Security and Data Management Transaction Expected to be Accretive to Gross Margin and EPS Spinnakar Founder and CEO Gerard Brophy to Join Company as a Managing Director EATONTOWN, N.J., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, has completed the acquisition of Spinnakar Limited ("Spinnakar"), a UK-based IT channel distributor, for an aggregate purchase price of $11.8 million (£9.8 million) payable at
EATONTOWN, N.J. , Aug. 11, 2022 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Wayside Technology Group, Inc. (NASDAQ:WSTG), announced today a partnership with Cato Networks, provider of the world's most robust SASE platform, converging Cato SD-WAN and a cloud-native security service edge, Cato SSE 360, into a global cloud-native service. As business goes digital, the channel is facing a customer base whose hybrid workforce depends on optimized and secure global access to applications and data, not only on premises but in the cloud. Rigid network and security architectures built with disjointed point-solutions
Net Income Up 56% to $2.8 Million or $0.63 per Share, with Adjusted EBITDA (non-GAAP) up 27% to $4.5 Million Fifth Consecutive Quarter of Double-Digit Profitability Improvements EATONTOWN, N.J., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, is reporting results for the second quarter ended June 30, 2022. Second Quarter 2022 Summary vs. Same Year-Ago Quarter Net sales were $67.9 million compared to $75.4 million.Adjusted gross billings (a non-GAAP financial measure defined below) increased 3% to $241
EATONTOWN, N.J., July 26, 2022 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Wayside Technology Group, Inc. (NASDAQ:WSTG) was named preferred distributor with HUMAN's enterprise defense platform enabling resellers to round out their security stack. "With a full suite of products focused on defending customer data and exposure to fraudulent activity Climb Channel Solutions is proud to be named HUMAN's preferred distributor," says Dale Foster, CEO at Climb. "The IT channel will soon be leaning on HUMAN's products and solutions to help detect fraud within security, inventory, account management, and even marketin
EATONTOWN, N.J., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, will host a conference call on Thursday, November 3, 2022 at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2022. The Company's results will be reported in a press release prior to the call. Wayside management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing [email protected]. Dat
Acquisition Expands Wayside's Reach in EMEA and Strengthens Product Offerings in Storage, Cloud, Security and Data Management Transaction Expected to be Accretive to Gross Margin and EPS Spinnakar Founder and CEO Gerard Brophy to Join Company as a Managing Director EATONTOWN, N.J., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, has completed the acquisition of Spinnakar Limited ("Spinnakar"), a UK-based IT channel distributor, for an aggregate purchase price of $11.8 million (£9.8 million) payable at
Net Income Up 56% to $2.8 Million or $0.63 per Share, with Adjusted EBITDA (non-GAAP) up 27% to $4.5 Million Fifth Consecutive Quarter of Double-Digit Profitability Improvements EATONTOWN, N.J., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, is reporting results for the second quarter ended June 30, 2022. Second Quarter 2022 Summary vs. Same Year-Ago Quarter Net sales were $67.9 million compared to $75.4 million.Adjusted gross billings (a non-GAAP financial measure defined below) increased 3% to $241
EATONTOWN, N.J., July 25, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, will host a conference call on Thursday, August 4, 2022 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2022. The Company's results will be reported in a press release prior to the call. Wayside management will host the conference call, followed by a question-and-answer period. The management team will discuss its results for the quarter and will also introduce a multi-year financial outlook
EATONTOWN, N.J., April 22, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a global value-added IT channel company providing innovative sales and distribution solutions for emerging technology vendors, will host a conference call on Friday, May 6, 2022 at 8:30 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2022. The Company's results will be reported in a press release prior to the call. Wayside management will host the conference call, followed by a question-and-answer period. Date: Friday, May 6, 2022Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 319-4610International dial-in
- Q4 & FY 2021 Net Sales, Gross Profit, Net Income, Adjusted EBITDA and EPS at $0.78 per share Increase to Record Levels - - FY 2021 Net Income Grew 2x to $9.2 Million or $2.09 per Share; Adjusted EBITDA up 36% to $15.5 Million - EATONTOWN, N.J., March 02, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, is reporting results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Highlights vs. Same Year-Ago Quarter Adjusted gross billings (a non-GAAP financial measure defined below) i
EATONTOWN, N.J., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a global value-added IT channel company providing innovative sales and distribution solutions for emerging technology vendors, will host a conference call on Thursday, March 3, 2022 at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2021. The Company's results will be reported in a press release prior to the call. Wayside management will host the conference call, followed by a question-and-answer period. Date: Thursday, March 3, 2022Time: 8:30 a.m. Eastern timeToll-free dial-in number: (844) 946-0286I
EATONTOWN, N.J., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, is reporting results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights vs. Year-Ago Quarter Net sales increased 13% to $68.9 million.Adjusted gross billings (a non-GAAP financial measure defined below) increased 33% to $226.9 million.Gross profit increased 56% to a record $11.3 million.Net income increased more than 4x to $2.4 million or $0.55 per diluted share.Adjusted EBITDA (a non-GAAP financial measure defin
EATONTOWN, N.J., Oct. 21, 2021 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a global value-added IT channel company providing innovative sales and distribution solutions for emerging technology vendors, will host a conference call on Thursday, November 4, 2021 at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2021. The Company's results will be reported in a press release prior to the call. Wayside management will host the conference call, followed by a question-and-answer period. Date: Thursday, November 4, 2021Time: 8:30 a.m. Eastern timeToll-free dial-in number: (844) 946-0286Internati
EATONTOWN, N.J., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, is reporting results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights vs. Year-Ago Quarter Net sales increased 33% to $75.4 million.Adjusted gross billings (a non-GAAP financial measure defined below) increased 48% to $235.1 million.Gross profit increased 54% to a record $11.0 million.Net income increased approximately 4x to $2.1 million or $0.49 per diluted share.Adjusted EBITDA (a non-GAAP financial measure defi
Barrington Research analyst Vincent Colicchio initiates coverage on Wayside Technology Group (NASDAQ:WSTG) with a Outperform rating and announces Price Target of $40.
On Thursday, 1076 companies hit new 52-week lows. Areas of Significance In Today's 52-Week Lows: The company with the largest market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). The smallest company by market cap to hit a new 52-week low was First Wave BioPharma (NASDAQ:FWBI). TOP Ships (NASDAQ:TOPS) was the biggest loser, trading down 25.64% to reach its 52-week low. On Thursday, the following stocks set new 52-week lows: Microsoft (NASDAQ:MSFT) shares made a new 52-week low of $237.57 on Thursday. The stock was up 0.26% for the day. Alphabet (NASDAQ:GOOG) stock drifted up 0.17% on Thursday morning to hit a new 52-week low of $99.41. Alphabet (NASDAQ:GOOGL) shar
Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, has completed the acquisition of Spinnakar Limited ("Spinnakar"), a UK-based IT channel distributor, for an aggregate purchase price of $11.8 million (£9.8 million) payable at closing (subject to working capital and other adjustments), plus a potential post-closing earn-out. The Company funded the acquisition of Spinnakar utilizing cash from the Company's balance sheet.
Wayside Technology Group (NASDAQ:WSTG) reported quarterly earnings of $0.63 per share. This is a 28.57 percent increase over earnings of $0.49 per share from the same period last year. The company reported $67.90 million in sales this quarter. This is a 9.89 percent decrease over sales of $75.35 million the same period last year.
Companies Reporting Before The Bell • Fresh Del Monte Produce (NYSE:FDP) is likely to report quarterly earnings at $0.79 per share on revenue of $1.15 billion. • Cohen & Co (AMEX:COHN) is expected to report earnings for its second quarter. • Standard Motor Products (NYSE:SMP) is expected to report quarterly earnings at $1.18 per share on revenue of $356.59 million. • Safehold (NYSE:SAFE) is expected to report quarterly earnings at $0.40 per share on revenue of $64.45 million. • EyePoint Pharmaceuticals (NASDAQ:EYPT) is projected to report quarterly loss at $0.52 per share on revenue of $10.87 million. • Seres Therapeutics (NASDAQ:MCRB) is expected to report quarterly loss at $0.60 p
Wayside Technology Group (NASDAQ:WSTG) reported quarterly earnings of $0.61 per share. This is a 74.29 percent increase over earnings of $0.35 per share from the same period last year. The company reported $71.32 million in sales this quarter. This is a 13.54 percent increase over sales of $62.81 million the same period last year.
Thursday marks the last chance for investors to receive the next dividend payout from Wayside Technology Group (NASDAQ:WSTG). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of $0.17 per share. On Friday, Wayside Technology Group will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.17 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own WSTG as of the end of Thursday's session are eligible to receive the $0.1
Wayside Technology Group (NASDAQ:WSTG) reported quarterly earnings of $0.78 per share. This is a 13.04 percent increase over earnings of $0.69 per share from the same period last year. The company reported $75.50 million in sales this quarter. This is a 5.68 percent increase over sales of $71.44 million the same period last year.
Datadobi, the global leader in unstructured data management software, today announced NCPA members can now purchase Datadobi's software suite through the cooperative via its distribution partner Climb Channel Solutions, a subsidiary of Wayside Technology Group, Inc. (NASDAQ:WSTG) and international value-added distributor for disruptive and emerging technologies. The partnership continues Datadobi's momentum in the U.S. federal sector, and comes after the company was awarded a position on Climb Channel Solutions' GSA IT 70 Contract and a listing on the federal government's list of SEWP vendors. National Cooperative Purchasing Alliance (NCPA) is a leading national government purchasing coop
Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Wayside Technology Group, Inc. (NASDAQ:WSTG), announced a new partnership today with IRONSCALES, a global leader in AI-powered email security solutions. IRONSCALES' cloud-native, API-based email security software platform is self-learning to continuously detect and remediate advanced threats, such as business email compromise, credential harvesting and account takeover in companies' mailboxes. The platform reduces identification of suspicious mail to seconds at scale across organizations. To complement its phishing detection and incident response capabilities, IRONSCALES' platform inc