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BB

BlackBerry

$7.08

0.045 (0.64%)

, SNX

Synnex

$95.49

-0.045 (-0.05%)

09:05
07/22/19
07/22
09:05
07/22/19
09:05

BlackBerry announces agreement with Synnex

BlackBerry (BB) announced a new distribution agreement in the U.S. with SYNNEX (SNX) and its Westcon-Comstor division, which focuses on security, collaboration, networking, and data center solutions. SYNNEX now distributes the BlackBerry Enterprise Mobility Suite, a comprehensive suite of software and services that helps enterprises manage and control access to Internet of Things devices as well as secure communications for all messaging and file types. As part of the agreement, SYNNEX will work to accelerate partner recruitment for the BlackBerry Enterprise Partner Program and is responsible for the training, enablement, and management of key reseller partners in the commercial and enterprise markets.

BB

BlackBerry

$7.08

0.045 (0.64%)

SNX

Synnex

$95.49

-0.045 (-0.05%)

BB BlackBerry
$7.08

0.045 (0.64%)

04/05/19
BOFA
04/05/19
NO CHANGE
Target $8.5
BOFA
Underperform
BlackBerry stock can't hold strength, says BofA/Merrill
BofA/Merrill analyst Daniel Bartus reiterated an Underperform rating and $8.50 price target on BlackBerry, telling investors in a research note that he has several reasons to remain cautious. Of note, Bartus says that while BlackBerry has beaten Street expectations in each of the last seven quarters, the stock has declined 6% since its first quarter results in June 2017. Additionally, Bartus sees "tough" comps for IP Licensing, the main area of outperformance, going forward, and says its Enterprise segment, its "most important" segment, is also the weakest segment.
06/24/19
BOFA
06/24/19
NO CHANGE
BOFA
BlackBerry Q1 expectations look 'exceptionally low,' says BofA/Merrill
BofA/Merrill analyst Daniel Bartus maintained an Underperform rating and $8.50 price target on BlackBerry ahead of the company's Q1 earnings report on Wednesday. Bartus said that "expectations look exceptionally low" and believes the Street's consensus is achievable, expecting BlackBerry to exceed expectations. However, he remains concerned that the company's "Enterprise business is losing market share and Licensing declines."
06/26/19
TDSI
06/26/19
NO CHANGE
TDSI
Buy
Market reaction to BlackBerry results 'overdone,' says TD Securities
TD Securities analyst Daniel Chan tells investors in a research note that he believes the market reaction to BlackBerry's quarterly results is "overdone" despite being "surprised" with the ESS performance. Chan says he is encouraged overall by the traction QNX is getting and Cyclance's continued momentum, and believes the ESS segment should recover over the remainder of the year as new management starts executing. Chan has a Buy rating on shares.
06/27/19
ADAM
06/27/19
NO CHANGE
Target $9
ADAM
Hold
BlackBerry execution proof needed to become more constructive, says Canaccord
Canaccord analyst T. Michael Walkley said BlackBerry reported solid Q1 results and noted management reaffirmed its 2020 guidance. The analyst said while he believes management has created a cogent long-term strategy and the long-term potential is compelling for longer-term investors, he needs to see more proof in execution and the potential for upside to his estimates, before becoming more constructive on the shares. Walkley maintained his Hold rating and lowered his price target to $9 from $10 on BlackBerry shares.
SNX Synnex
$95.49

-0.045 (-0.05%)

03/28/19
LOOP
03/28/19
NO CHANGE
Target $160
LOOP
Buy
Synnex posted 'another very solid quarter', says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $160 price target on Synnex after its Q1 earnings beat and "solid guidance". The analyst says the company is "experiencing solid and broad IT demand across its geographic and product portfolio". Baruah also points to the management's indication that customers are signalling their "intent to keep spending at a seasonal pace through 2019."
04/04/19
BRRR
04/04/19
INITIATION
Target $118
BRRR
Outperform
Synnex initiated with an Outperform at Barrington
Barrington analyst Vincent Colicchio started Synnex with an Outperform rating and $118 price target. The company is targeting the "large and growing" technology distribution and customer engagement services markets, Colicchio tells investors in a research note. He believes Synnex's technology distribution business offers greater selection and product knowledge than many competitors, and that Concentrix, its customer engagement services business, has a strong brand.
04/04/19
04/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Etsy (ETSY) initiated with a Buy at Canaccord. 2. Renewable Energy (REGI) initiated with an Overweight at Piper Jaffray. 3. Smartsheet (SMAR) initiated with an Outperform at Oppenheimer. 4. Bank of America (BAC) initiated with a Hold at HSBC. 5. Synnex (SNX) initiated with an Outperform at Barrington. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/19
SBSH
04/12/19
NO CHANGE
Target $140
SBSH
Buy
Synnex price target raised to $140 from $130 at Citi
Citi analyst Zhen Yang raised his price target for Synnex to $140 from $130 after hosting investor meetings with management. The analyst lifted his fiscal 2020 estimates to reflect better sales growth and margin upside. Yang says he's "incrementally more positive" on Synnex since the company sees no signs of an IT spending slowdown and end market healthiness. Further, synergies from Westcon and Concentrix should support above market growth, the analyst tells investors in a research note. He reiterates a Buy rating on Synnex.

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Celanese

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