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TECD

Tech Data

$108.98

-0.64 (-0.58%)

08:32
04/16/19
04/16
08:32
04/16/19
08:32

Tech Data and HYCU sign distribution agreement

HYCU and Tech Data announced a new agreement through which Tech Data will distribute HYCU Data Protection for Nutanix backup and recovery software to their network of partners across Australia and New Zealand. Through the new agreement, Tech Data will make HYCU for Nutanix's purpose-built data protection software available to its partners across the region. With HYCU for Nutanix, ANZ-based organizations will be able to protect and recover application specific workloads faster and with the same simplicity they experience from their Nutanix infrastructure investments. The relationship extends to all HYCU products across IT monitoring and data protection.

TECD Tech Data
$108.98

-0.64 (-0.58%)

08/31/18
BOFA
08/31/18
DOWNGRADE
Target $80
BOFA
Underperform
Tech Data downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Param Singh double downgraded Tech Data to Underperform from Buy and cut its price target to $80 from $105 following the Q2 miss and guidance. Singh said Tech is facing structural margin issues from a revenue mix shift towards lower margin PC and smartphones, and from competition in Europe. The analyst sees limited earnings growth beyond his $10+ earnings estimate for C2019 due to a lack of operating leverage.
08/31/18
NEED
08/31/18
NO CHANGE
Target $100
NEED
Buy
Tech Data price target lowered to $100 from $115 at Needham
Needham analyst Sean Hannan lowered his price target on Tech Data to $100 after its Q2 results, also lowering his FY19 EPS view to $3.95 from $4.13 and his implied forward earnings multiple to 10-times from 11-times. The analyst cites the company's "multiple consecutive quarters" of mixed outcomes, which raises questions around the management's "quality of internal execution". In the most recent quarter, Hannan states that gross margins were a "disappointment", attributed to a less favorable sales mix. The analyst keeps his Buy rating on Tech Data longer term however, saying the company is "demonstrating growth and cost-control efforts" within a "healthy" operating environment.
11/29/18
STFL
11/29/18
NO CHANGE
Target $100
STFL
Buy
Tech Data price target raised to $100 from $95 at Stifel
Stifel analyst Matthew Sheerin raised his price target for Tech Data to $100 from $95 following a "solid" beat and raise. Both revenue and EPS were well above consensus, even when excluding a one-time benefit to op-ex, he noted. The analyst reiterates a Buy rating on the shares.
11/30/18
NEED
11/30/18
NO CHANGE
Target $110
NEED
Buy
Tech Data price target raised to $110 from $100 at Needham
Needham analyst Sean Hannan raised his price target on Tech Data to $110 and kept his Buy rating after its "strong beat" in Q3 earnings following a string of "mixed" quarters. The analyst believes that the company is "finally" in position to take advantage of improved demand environment and that its prior issues around pricing and rebates are largely in the past. Hannan adds that the valuation on Tech Data stock is also attractive.

TODAY'S FREE FLY STORIES

TAL

TAL Education

$34.41

-0.59 (-1.69%)

05:54
04/25/19
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05:54
Earnings
Breaking Earnings news story on TAL Education »

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TAL

TAL Education

$34.41

-0.59 (-1.69%)

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Earnings
TAL Education reports Q4 EPS 20c, consensus 11c »

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HD

Home Depot

$206.70

0.65 (0.32%)

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Lowe's

$113.98

0.44 (0.39%)

05:51
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Home Depot

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LOW

Lowe's

$113.98

0.44 (0.39%)

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AVP

Avon Products

$2.96

0.045 (1.55%)

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WMT

Walmart

$103.51

0.45 (0.44%)

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UBS

UBS

$13.16

0.07 (0.53%)

05:41
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FB

Facebook

$182.64

-1.13 (-0.61%)

05:38
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05:38
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Facebook price target raised to $215 from $195 at Baird »

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UBS

UBS

$13.16

0.07 (0.53%)

05:37
04/25/19
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Earnings
UBS reports Q1 EPS 30c, consensus 24c »

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PYPL

PayPal

$107.18

0.27 (0.25%)

05:35
04/25/19
04/25
05:35
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05:35
Recommendations
PayPal analyst commentary at Baird »

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NOW

ServiceNow

$242.41

-1.085 (-0.45%)

05:32
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  • 05

    May

CTXS

Citrix

$100.45

-0.4 (-0.40%)

05:29
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Citrix analyst commentary  »

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ALGN

Align Technology

$297.12

1.14 (0.39%)

05:27
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05:27
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05:27
Recommendations
Align Technology analyst commentary at Piper Jaffray »

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  • 15

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MSFT

Microsoft

$125.00

-0.5 (-0.40%)

05:24
04/25/19
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Microsoft analyst commentary  »

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IRBT

iRobot

$100.39

-30.03 (-23.03%)

05:21
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iRobot analyst commentary at Piper Jaffray »

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SWI

SolarWinds

$19.77

0.325 (1.67%)

05:17
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XLNX

Xilinx

$139.79

2.66 (1.94%)

05:15
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Xilinx rating change  »

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SIRI

Sirius XM

$5.71

-0.43 (-7.00%)

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  • 23

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APC

Anadarko

$71.41

7.29 (11.37%)

05:07
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Downgrade
Anadarko rating change  »

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  • 14

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CARO

Carolina Financial

$36.91

0.49 (1.35%)

05:06
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Earnings
Carolina Financial reports Q1 operating EPS 65c, consensus 69c »

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  • 25

    Apr

JBAXY

Julius Baer

$0.00

(0.00%)

05:06
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05:06
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05:06
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Julius Baer rating change  »

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GD

General Dynamics

$180.67

-1.66 (-0.91%)

05:04
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General Dynamics rating change at JPMorgan »

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  • 01

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NAVI

Navient

$12.96

0.51 (4.10%)

05:03
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PTC

PTC

$101.94

1.12 (1.11%)

05:02
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PTC rating change  »

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DB

Deutsche Bank

$8.50

-0.04 (-0.47%)

04:59
04/25/19
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04:59
Earnings
Deutsche Bank expects Q1 net income EUR 200M, revenue EUR 6.4B »

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DB

Deutsche Bank

$8.50

-0.04 (-0.47%)

, CRZBY

Commerzbank

$0.00

(0.00%)

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Hot Stocks
Deutsche Bank ends merger talks with Commerzbank, still reviewing alternatives »

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DB

Deutsche Bank

$8.50

-0.04 (-0.47%)

CRZBY

Commerzbank

$0.00

(0.00%)

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