TD Synnex: Growth Cycle Potentially Coming In The Near Term [Seeking Alpha]
TD SYNNEX Corporation (SNX)
Last td synnex corporation earnings: 3/24 04:15 pm
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US:NYSE Investor Relations:
ir.synnex.com/investor-relations
Company Research
Source: Seeking Alpha
SNX is a global provider of technology products and has a major presence in the Americas and Europe. The company's 1FQ24 earnings were soft, but there are positive signs of a recovery cycle ahead, driven by increased demand for PCs and related technologies. Investment summary My recommendation for TD Synnex Corp. ( NYSE: SNX ) is a buy rating. FY24 seems to be the year of positive growth inflection as the next growth cycle starts to kick in, driven by the recovery in the PC cycle, which further drives demand for related products and technologies. If this actually plays out as expected, FY25 should be a very strong year for SNX, and I expected growth to accelerate to the previous peak (~20%) with the margin expanding to 1.8%. Business Overview SNX is a global provider for technology products used in IT hardware, software, and systems. As such, the health and growth of the business are largely tied to the available IT budget of its clients. SNX is also a trusted distributor,
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SNX
News
- Hyve Solutions Named Design Partner for NVIDIA HGX Product Line [Yahoo! Finance]Yahoo! Finance
- Hyve Solutions Named Design Partner for NVIDIA HGX Product LineBusiness Wire
- SNX or GRMN: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Probax Announces Partnership with TD SYNNEX [Yahoo! Finance]Yahoo! Finance
- TD SYNNEX (SNX) Up 1.1% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
SNX
Earnings
- 3/26/24 - Beat
SNX
Sec Filings
- 4/30/24 - Form S-8
- 4/22/24 - Form 8-K
- 4/18/24 - Form 8-K
- SNX's page on the SEC website