SYNNEX Corp Got Some Good News

By Austin Angelo

Raymond James analyst Adam Tindle upgraded SYNNEX Corp (NYSE: SNX) to Buy today. The company’s shares closed yesterday at $105.28.

SYNNEX Corp has an analyst consensus of Hold.

SYNNEX Corp’s market cap is currently $4.16B and has a P/E ratio of 16.84. The company has a book value ratio of 2.0413.

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SYNNEX Corp. engages in the development and distribution of computer systems and complementary products. It provides information technology distribution, supply chain management, contract assembly and global business services. The company operates its business through the following business segments: Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals, IT systems including data center server and storage solutions, system components, software, networking equipment, consumer electronics, and complementary products. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services focused on customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in ten identified industry verticals. SYNNEX was founded by Robert T. Huang in November 1980 and is headquartered in Fremont, CA.