In a challenging economic climate, Synnex Corporation (SNX) stock has recorded a 52-week low, dipping to $98.63. With a market capitalization of $10.58 billion and a P/E ratio of 15.65, InvestingPro analysis suggests the stock is currently undervalued. This price movement reflects a significant shift from the stock’s performance over the past year, which has seen an overall increase of 10.93%. Investors are closely monitoring Synnex’s trajectory as it navigates through the prevailing market conditions that have pushed the stock to this low point. The 1-year change data suggests resilience in the face of market headwinds, supported by management’s aggressive share buybacks and 12 consecutive years of dividend payments. While the recent low indicates potential hurdles, analyst consensus remains positive with price targets ranging from $136.91 to $165. For deeper insights and 12 additional exclusive ProTips about SNX, visit InvestingPro.
In other recent news, TD SYNNEX (NYSE:SNX) reported first-quarter earnings and revenue that did not meet analyst expectations. The company posted adjusted earnings per share of $2.80, falling short of the consensus estimate of $2.91. Revenue for the quarter was $14.53 billion, below the expected $14.79 billion. Additionally, TD SYNNEX provided guidance for the second quarter that was weaker than anticipated, forecasting adjusted EPS of $2.45-$2.95 compared to the $3.03 consensus estimate. The company also expects Q2 revenue to be between $13.9-14.7 billion, which is below analyst projections of $14.72 billion. Despite the earnings miss, TD SYNNEX reported a 7.5% year-over-year growth in non-GAAP gross billings to $20.7 billion. The company returned $138 million to shareholders through share repurchases and dividends, including a 10% increase in its quarterly dividend to $0.44 per share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.