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Last $73.38 USD
Change Today -0.60 / -0.81%
Volume 227.5K
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

synnex corp (SNX) Snapshot

Open
$74.30
Previous Close
$73.98
Day High
$74.45
Day Low
$72.77
52 Week High
06/22/15 - $85.25
52 Week Low
10/15/14 - $59.27
Market Cap
2.9B
Average Volume 10 Days
380.3K
EPS TTM
$5.44
Shares Outstanding
39.5M
EX-Date
07/15/15
P/E TM
13.5x
Dividend
$0.50
Dividend Yield
0.51%
Current Stock Chart for SYNNEX CORP (SNX)

synnex corp (SNX) Details

SYNNEX Corporation provides business process services to resellers, retailers, and original equipment manufacturers in the United States, Japan, and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking equipment; consumer electronics; and complementary products. This segment also provides systems design and integration solutions comprising contract assembly services, including systems design, build-to-order, configure-to-order, and assembly capabilities; and value added services that consist of kitting, reconfiguration, asset tagging, and hard drive imaging services. The Concentrix segment offers business services that are focused on process optimization, customer engagement strategy, and back-office automation to clients in various industry verticals. This segment’s portfolio of services comprises end-to-end process outsourcing services. The company also provides logistics services consisting of outsourced fulfillment, virtual distribution, and direct ship to end-users; financing services comprising net terms, third party leasing, floor plan financing, letters of credit backed financing, and payment services; marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and Web-based marketing; online services; and technical support services. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.

59,000 Employees
Last Reported Date: 01/29/15
Founded in 1980

synnex corp (SNX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $608.7K
Chief Financial Officer
Total Annual Compensation: $414.4K
Chief Operating Officer and Director
Total Annual Compensation: $441.3K
President of North American Distribution
Total Annual Compensation: $441.3K
Executive Vice-President and President of Con...
Total Annual Compensation: $405.3K
Compensation as of Fiscal Year 2014.

synnex corp (SNX) Key Developments

SYNNEX Corp. Declares Quarterly Cash Dividend, Payable on July 31, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal 2015 and Tax Rate Guidance for the Remainder of Fiscal 2015

SYNNEX Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be payable on July 31, 2015 to the stockholders of record as of the close of business on July 17, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended May 31, 2015. For the quarter, revenue was $3.3 billion against $3.5 billion last year. Income before non-operating items, income taxes and noncontrolling interest was $89.4 million against $68.1 million last year. Income before income taxes and noncontrolling interest was $82 million against $61.7 million last year. Net income attributable to SYNNEX Corporation was $51.9 million or $1.30 per basic and diluted share against $39.6 million or $1.00 per basic and diluted share last year. Non-GAAP operating income was $104.9 million against $99 million last year. Non-GAAP net income attributable to SYNNEX Corporation was $61.7 million against $59.5 million last year. Net income attributable to common stockholders was $51.2 million against $39.0 million last year. Non-GAAP net income attributable to common stockholders was $60.9 million against $58.6 million last year. Non-GAAP diluted EPS was $1.55 against $1.50 last year. Cash flows from operations were approximately $127 million, compared to $165 million used in operations in the second fiscal quarter of 2014. Adjusting for FX headwinds, $110 million, revenues in constant currency decreased 2.6% year-over-year. Also contributing to the year-over-year decline in revenue was the transition of Beats business of approximately $130 million. Cash capital expenditure for the quarter was approximately $22.9 million, which was primarily related to Concentrix facility expansion due to business growth. For the six months, revenue was $6.5 billion against $6.5 billion last year. Income before non-operating items, income taxes and noncontrolling interest was $168.3 million against $130.0 million last year. Income before income taxes and noncontrolling interest was $154.5 million against $122.1 million last year. Net income attributable to SYNNEX Corporation was $98.2 million or $2.47 per basic and diluted share against $78.0 million or $2.00 per basic and diluted share last year. Non-GAAP operating income was $202.4 million against $175.5 million last year. Non-GAAP net income attributable to SYNNEX Corporation was $119.9 million against $107.2 million last year. Net income attributable to common stockholders was $97 million against $76.9 million last year. Non-GAAP net income attributable to common stockholders was $118.4 million against $105.7 million last year. Non-GAAP diluted EPS was $3.01 against $2.74 last year. For third quarter of fiscal 2015, revenue is expected to be in the range of $3.30 billion to $3.40 billion, non-GAAP net income is expected to be in the range of $56.1 million to $58.1 million, non-GAAP diluted earnings per share are expected to be in the range of $1.40 to $1.45, which includes a pre-tax cost of $3 million associated with the withdrawal from a multi-employer pension plan in Japan, after-tax amortization of intangibles is expected to be $8.6 million, or $0.21 per share. For the remainder of fiscal 2015, the company anticipates the annual tax rate to be in the 35.5% to 36.5% range.

SYNNEX Corp. - Analyst/Investor Day

To provide commentary on value proposition, competitive differentiators and strategic positioning in Technology Solutions and Concentrix businesses

SYNNEX Corp. to Report Q2, 2015 Results on Jun 25, 2015

SYNNEX Corp. announced that they will report Q2, 2015 results After-Market on Jun 25, 2015

 

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Industry Analysis

SNX

Industry Average

Valuation SNX Industry Range
Price/Earnings 14.6x
Price/Sales 0.2x
Price/Book 1.7x
Price/Cash Flow 11.4x
TEV/Sales 0.1x
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