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published in Blogs
Jan 13, 2020

Synnex(SNX, $145.48) is separating into two companies

On Friday, Synnex  Corp. announced it was splitting into two separate corporations. The information tech services company also released its latest earnings results that topped analysts’ expectations.

The two publicly listed companies that Synnex is separating into will be called Synnex Technology Solutions and Concentrix respectively.

Synnex Technology Solutions will focus on information technology distribution, and will generate annual revenue of around $19 billion, as indicated by Synnex.  It will remain one of the top three IT distributors in the Americas and Japan, according to Synnex.

The other entity, Concentrix, will concentrate on customer experience in eight industries, including technology, financial services and media, and serve more than 125 of the Global Fortune 200 companies. The business generates annual revenue of about $4.7 billion, according to Synnex.

After the separation, Synnex shareholders will own shares of both Synnex Technology and Concentrix.

For the fiscal fourth quarter, Synnex’s adjusted earnings came in at $4.26 a share, exceeding analysts’ expectation of  $3.61 a share. Revenue rose +19% year-over-year to $6.58 billion in the quarter, compared to analysts’ estimate of $5.99 billion.

 

 

Related Ticker: SNX

SNX's RSI Oscillator climbs out of oversold territory

The RSI Oscillator for SNX moved out of oversold territory on February 08, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 28 similar instances when the indicator left oversold territory. In of the 28 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 20, 2024. You may want to consider a long position or call options on SNX as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SNX just turned positive on February 20, 2024. Looking at past instances where SNX's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

SNX moved above its 50-day moving average on February 29, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNX advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for SNX crossed bearishly below the 50-day moving average on February 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SNX broke above its upper Bollinger Band on February 23, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for SNX entered a downward trend on February 23, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 52, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.114) is normal, around the industry mean (1.965). P/E Ratio (15.507) is within average values for comparable stocks, (15.706). SNX's Projected Growth (PEG Ratio) (0.900) is slightly lower than the industry average of (1.544). Dividend Yield (0.014) settles around the average of (0.544) among similar stocks. P/S Ratio (0.168) is also within normal values, averaging (1.102).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SNX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Industry description

Electronics distributors are companies that are involved in distribution of one or more of the following: electronic components, computer products/ peripherals and software products & services. Several electronics distributors are also becoming the point of contact for technical/pre- & post-sale support in many cases, in an attempt to bolster their position in the market. Tariffs and/or cross-border trade barriers are some of the potential threats to the electronics supply chain, but that could also potentially lead to re-directing to markets where tariffs/restrictions are lower depending on demand. The industry is also vulnerable in the event of economic slowdowns. Arrow Electronics, Inc., SYNNEX Corporation and Versum Materials, Inc. are some of the major electronics distributors in the U.S.

Market Cap

The average market capitalization across the Electronics Distributors Industry is 2.98B. The market cap for tickers in the group ranges from 23.01K to 9.11B. SNX holds the highest valuation in this group at 9.11B. The lowest valued company is OMPS at 23.01K.

High and low price notable news

The average weekly price growth across all stocks in the Electronics Distributors Industry was 2%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -0%. CIIT experienced the highest price growth at 15%, while CNXN experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the Electronics Distributors Industry was 63%. For the same stocks of the Industry, the average monthly volume growth was -37% and the average quarterly volume growth was 95%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 41
P/E Growth Rating: 44
Price Growth Rating: 50
SMR Rating: 65
Profit Risk Rating: 52
Seasonality Score: -4 (-100 ... +100)
Related Portfolios: Computer Stocks
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SNXDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of computer systems and complementary products

Industry ElectronicsDistributors

Profile
Fundamentals
Details
Industry
Electronics Distributors
Address
44201 Nobel Drive
Phone
+1 510 656-3333
Employees
28000
Web
https://www.tdsynnex.com
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SNX and

Correlation & Price change

A.I.dvisor indicates that over the last year, SNX has been loosely correlated with ARW. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if SNX jumps, then ARW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SNX
1D Price
Change %
SNX100%
+0.75%
ARW - SNX
62%
Loosely correlated
+0.59%
AVT - SNX
60%
Loosely correlated
+0.76%
NSIT - SNX
50%
Loosely correlated
+1.57%
CNXN - SNX
50%
Loosely correlated
-1.00%
SCSC - SNX
49%
Loosely correlated
+0.07%
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