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SYNNEX Corp (SNX.N)

SNX.N on New York Stock Exchange

98.60USD
20 Jul 2018
Change (% chg)

$-2.10 (-2.09%)
Prev Close
$100.70
Open
$100.60
Day's High
$100.63
Day's Low
$98.30
Volume
77,569
Avg. Vol
89,184
52-wk High
$141.93
52-wk Low
$94.07

Latest Key Developments (Source: Significant Developments)

Synnex' Concentrix Division Announces Acquisition Of Convergys
Thursday, 28 Jun 2018 04:44pm EDT 

June 28 (Reuters) - Synnex Corp ::SYNNEX' CONCENTRIX DIVISION ANNOUNCES ACQUISITION OF CONVERGYS.SYNNEX TO ACQUIRE CONVERGYS FOR $26.50 PER SHARE.SYNNEX TO ACQUIRE CONVERGYS FOR $26.50 PER SHARE, WHICH INCLUDES $13.25 PER SHARE IN CASH AND 0.1193 SYNNEX COMMON SHARES FOR EACH SHARE OF CONVERGYS COMMON STOCK.PURCHASE PRICE OF APPROXIMATELY $2.43 BILLION.DEAL IMMEDIATELY ACCRETIVE.FOR DEAL, SECURED COMMITTED FINANCING FOR PURCHASE PRICE AND TO MAINTAIN APPROPRIATE LIQUIDITY FOR ONGOING WORKING CAPITAL NEEDS.EXPECT NON-GAAP EPS ACCRETION OF MID-SINGLE DIGITS IN FIRST YEAR, REACHING DOUBLE-DIGITS BY SECOND YEAR.DEAL EXPECTED TO INCREASE REVENUE BY ABOUT $2.7 BILLION AND ADJUSTED EBITDA ABOUT $380 MILLION IN FIRST YEAR AFTER CLOSE.SECURED COMMITTED FINANCING FOR DEAL'S PURCHASE PRICE AND TO MAINTAIN APPROPRIATE LIQUIDITY FOR ONGOING WORKING CAPITAL NEEDS.  Full Article

Synnex Corporation Reports Qtrly Non-Gaap Diluted Earnings Per Share $2.38
Thursday, 28 Jun 2018 04:15pm EDT 

June 28 (Reuters) - SYNNEX Corp ::ORATION REPORTS SECOND QUARTER FISCAL 2018 RESULTS.SEES Q3 2018 NON-GAAP EARNINGS PER SHARE $2.42 TO $2.52.SEES Q3 2018 EARNINGS PER SHARE $1.95 TO $2.04.SEES Q3 2018 REVENUE $4.8 BILLION TO $5.0 BILLION.QTRLY EARNINGS PER SHARE $2.34.QTRLY NON-GAAP DILUTED EARNINGS PER SHARE $2.38.QTRLY REVENUE $4,973 MILLION VERSUS $3,936 MILLION LAST YEAR.Q3 EARNINGS PER SHARE VIEW $2.56, REVENUE VIEW $4.87 BILLION -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE VIEW $2.30, REVENUE VIEW $4.67 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Synnex Corp CEO Kevin Murai's 2017 Total Compensation Was $5.6 Million Versus $5.1 Million In 2016
Thursday, 22 Feb 2018 01:26pm EST 

Feb 22 (Reuters) - Synnex Corp ::SYNNEX CORP CEO KEVIN MURAI'S 2017 TOTAL COMPENSATION WAS $5.6 MILLION VERSUS $5.1 MILLION IN 2016 – SEC FILING‍​.  Full Article

Synnex Corporation Posts Q4 Adj. EPS $2.79​
Tuesday, 9 Jan 2018 04:15pm EST 

Jan 9 (Reuters) - Synnex Corp ::QTRLY REVENUE $5,312 MILLION VERSUS $3,887 MILLION.QTRLY ‍NON-GAAP DILUTED EPS $2.79​.- BOARD DECLARED A QUARTERLY CASH DIVIDEND OF $0.35 PER COMMON SHARE.QTRLY ‍DILUTED EPS $2.26​.ORATION REPORTS FISCAL 2017 FOURTH QUARTER AND FULL YEAR RESULTS.SEES Q1 2018 NON-GAAP EARNINGS PER SHARE $2.06 TO $2.15.SEES Q1 2018 EARNINGS PER SHARE $1.58 TO $1.68.SEES Q1 2018 REVENUE $4.35 BILLION TO $4.55 BILLION.- EXPECTS THAT ANTICIPATED BENEFIT ASSOCIATED WITH 2017 US TAX REFORM LAW WILL BE UTILIZED FOR BUSINESS INVESTMENT AND DEBT REDUCTION.  Full Article

Synnex reports Q3 EPS $1.87​
Monday, 25 Sep 2017 04:15pm EDT 

Sept 25 (Reuters) - Synnex Corp ::Q3 revenue $4.3 billion versus I/B/E/S view $4 billion.Synnex Corporation reports fiscal 2017 third quarter results.Sees Q4 2017 NON-GAAP earnings per share $2.63 to $2.73.Sees Q4 2017 earnings per share $2.11 to $2.21.Sees Q4 2017 revenue $4.75 billion to $4.95 billion.Increased quarterly cash dividend by 20% to $0.30 per share.Qtrly earnings per share $1.87​.Qtrly ‍ NON-GAAP earnings per share $2.16​.Q3 earnings per share view $1.97, revenue view $4.00 billion -- Thomson Reuters I/B/E/S.Q4 earnings per share view $2.52, revenue view $4.47 billion -- Thomson Reuters I/B/E/S.  Full Article

Synnex Cor becomes authorized as Aruba federal distributor
Wednesday, 16 Aug 2017 09:59am EDT 

Aug 16 (Reuters) - Synnex Corp :Synnex Corporation becomes authorized as aruba federal distributor.‍Now authorized for federal sales of wired and wireless networking products for Aruba​.  Full Article

Concentrix closes acquisition of Tigerspike
Monday, 31 Jul 2017 06:20pm EDT 

July 31 (Reuters) - Synnex Corp ::Concentrix closes acquisition of Tigerspike.  Full Article

Concentrix expands digital services with acquisition of Tigerspike
Thursday, 20 Jul 2017 09:14am EDT 

July 20 (Reuters) - Synnex Corp ::Concentrix expands digital services with acquisition of Tigerspike.Concentrix-Alex Burke, CEO of Tigerspike, to stay as leader of Tigerspike; join co's senior executive staff.Concentrix Corporation - until transaction is completed, companies will continue to operate independently.  Full Article

Synnex qtrly earnings per share $1.83
Thursday, 22 Jun 2017 04:15pm EDT 

June 22 (Reuters) - Synnex Corp ::Synnex Corporation reports fiscal 2017 second quarter results.Sees Q3 2017 non-gaap earnings per share $1.94 to $2.02.Sees Q3 2017 earnings per share $1.68 to $1.76.Sees Q3 2017 revenue $3.9 billion to $4.1 billion.Q2 revenue $3.5 billion.Qtrly earnings per share $1.83.Synnex Corp qtrly ‍non-gaap diluted EPS $2.08​.Synnex Corp - ‍board of directors has declared a quarterly cash dividend of $0.25 per common share​.Synnex - board has approved anti-dilution repurchase program of up to $300 million of its common stock over a period of up to 3 years effective July 1, 2107.  Full Article

Synnex on termination of agreement by co, in event Datatec, unit breach terms of non-solicit obligations, Datatec to pay $24.9 mln
Tuesday, 6 Jun 2017 06:53am EDT 

June 6 (Reuters) - Synnex Corp ::Synnex- Upon termination of agreement by co, in event Datatec, unit breach terms of non-solicit obligations, among others, Datatec to pay co $24.9 million.Synnex says if agreement is terminated because Datatec shareholder consent is not obtained, Datatec to pay co termination fee of $3.0 million- sec filing.Synnex - in event of cash election, if agreement terminated as certain lender consents not obtained, co to pay Datatec termination fee of $3.0 million.  Full Article

Synnex expands outsourcing reach with $2.4 billion Convergys deal

Business process services company Synnex Corp said on Thursday it would buy call center operator Convergys Corp in a $2.43 billion cash-and-stock deal to expand its footprint in the technology and information services space.