Information Provided By:
Fly News Breaks for June 29, 2018
SNX, CVG
Jun 29, 2018 | 13:55 EDT
After Convergys (CVG) announced that it agreed to be acquired by Synnex (SNX), Barrington analyst Vincent Colicchio said he believes the timing of the sale is poor given the meaningful weakness in the company's communications vertical over the past few years and that while the deal price appears low, a relatively low multiple at this point of time is warranted. Stating that he thinks a higher bid emerging does not appear highly likely, Colicchio maintains a Market Perform rating on Convergys shares.
News For CVG;SNX From the Last 2 Days
SNX
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
SNX
Mar 28, 2024 | 07:03 EDT
The deal size was increased to 10.5M shares of common stock from 9M shares of common stock and the range was $109.00-$116.00. JPMorgan, Barclays, BofA and Mizuho acted as joint book running managers for the offering.
SNX
Mar 27, 2024 | 05:30 EDT
Barclays raised the firm's price target on TD Synnex to $118 from $111 and keeps an Equal Weight rating on the shares. The company reported largely in-line fiscal Q1 results and the new $2B share repurchase authorization is a modest positive, the analyst tells investors in a research note. The firm says TD Synnex's margins outperformed again although revenue continues to be impacted by Advanced Solutions weakness and Hyve consignment shift.
SNX
Mar 26, 2024 | 08:10 EDT
Sees Q2 revenue $13.3B-$14.9B, consensus $14.25B. Sees Q2 gross billings $18.4B-$19.6B.