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TECD

Tech Data

$103.32

-0.59 (-0.57%)

18:41
09/18/19
09/18
18:41
09/18/19
18:41

Tech Data CEO: We are confident in our company and where we are going

Tech Data CEO Richard Hume said: The SMB market is really good right now... We are taking advantage of that... We have excellent vendor relationships... We are in the second inning of a digital transformation that will last a decade... We have a broad portfolio and can move to where the demand is in the market.

TECD Tech Data
$103.32

-0.59 (-0.57%)

04/17/19
STFL
04/17/19
DOWNGRADE
Target $105
STFL
Hold
Tech Data downgraded to Hold from Buy at Stifel
Stifel analyst Matthew Sheerin downgraded Tech Data to Hold from Buy with an unchanged price target of $105. After rallying 34% year-to-date, the shares now appear fairly valued, Sheerin tells investors in a research note. The analyst notes the stock currently trades at nine-times forward earnings while IT spending growth is expected to slow next year.
08/27/19
SBSH
08/27/19
NO CHANGE
Target $91
SBSH
Neutral
Citi puts 'Negative Catalyst Watch' on Tech Data ahead of earnings, cuts target
Citi analyst Tim Yang added Tech Data to his firm's "Negative Catalyst Watch" ahead of the company's Q2 results on August 29. The analyst thinks top vendor softness, the company's high European exposure and back-half loaded operating income guidance are key risks to the stock heading into the print. He reduced his estimates to the low end of the guidance and cut his price target for the stock to $91 from $100. Yang keeps a Neutral rating on Tech Data.
08/30/19
LOOP
08/30/19
NO CHANGE
Target $120
LOOP
Buy
Tech Data price target raised to $120 from $112 at Loop Capital
Loop Capital analyst Ananda Baruah raised his price target on Tech Data to $120 and kept his Buy rating after its "very solid" Q2 results in spite of the macro challenges, saying the company is positioning itself to monetize all of its "Advanced Tech" related assets. The analyst also notes that the company's described demand in the quarter was also "solid and intact", with strong performance in the Americas business but slowing Europe sales.
09/12/19
LOOP
09/12/19
NO CHANGE
Target $130
LOOP
Buy
Tech Data price target raised to $130 from $120 at Loop Capital
Loop Capital analyst Ananda Baruah raised his price target on Tech Data to $130 and kept his Buy rating after meeting with its CEO Rich Hume and CFO Chuck Dannewitz. The analyst is positive on the company's portfolio of "robust collection of IT products" in PCs and Data Center, stating that the management is "driving value" while maximizing the stock's free cash flow, revenue, and earnings growth. Baruah contends that Tech Data has been outgrowing the channel industry demand in recent years and should continue to do so, while having "already absorbed the most significant hit" to its traditional on-premise spending.

TODAY'S FREE FLY STORIES

ADI

Analog Devices

$111.07

-0.02 (-0.02%)

10:55
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10:55
Initiation
Analog Devices initiated  »

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UBER

Uber

$30.63

-0.78 (-2.48%)

10:55
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Options
Uber put volume heavy and directionally bearish »

Bearish flow noted in…

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ASOMY

Asos

$0.00

(0.00%)

10:51
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10/22
10:51
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10:51
Conference/Events
Asos management to meet with JPMorgan »

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  • 22

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IDCC

InterDigital

$55.02

1.92 (3.62%)

, ZTCOY

ZTE Corp.

$0.00

(0.00%)

10:50
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10/22
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10:50
Hot Stocks
InterDigital rallies after reaching patent, settlement agreement with ZTE »

InterDigital (IDCC)…

IDCC

InterDigital

$55.02

1.92 (3.62%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

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  • 31

    Oct

STOK

Stoke Therapeutics

$22.78

0.23 (1.02%)

10:50
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Conference/Events
Stoke Therapeutics management to meet with JPMorgan »

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  • 22

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STBA

S&T Bancorp

$36.75

-0.04 (-0.11%)

10:49
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S&T Bancorp increases dividend 3.7% to 28c per share »

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  • 24

    Oct

ZLAB

Zai Lab

$32.14

-0.55 (-1.68%)

10:49
10/22/19
10/22
10:49
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10:49
Conference/Events
Zai Lab management to meet with JPMorgan »

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  • 23

    Oct

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    Oct

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    Oct

BCS

Barclays

$8.51

-0.01 (-0.12%)

10:46
10/22/19
10/22
10:46
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10:46
Upgrade
Barclays rating change  »

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  • 25

    Oct

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    Oct

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    Nov

JBLU

JetBlue

$18.06

0.52 (2.96%)

10:45
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Hot Stocks
JetBlue concerned about current, future tariff environment »

Management noted it…

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  • 22

    Oct

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    Nov

DISCA

Discovery

$27.77

0.09 (0.33%)

10:45
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Discovery is not for sale, CEO David Zaslav says »

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  • 07

    Nov

BIIB

Biogen

$291.44

67.87 (30.36%)

10:45
10/22/19
10/22
10:45
10/22/19
10:45
Recommendations
Biogen analyst commentary  »

Cantor 'inclined to…

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  • 22

    Oct

BSX

Boston Scientific

$38.70

0.04 (0.10%)

10:45
10/22/19
10/22
10:45
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10:45
Options
Boston Scientific call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

    Oct

  • 13

    Nov

10:45
10/22/19
10/22
10:45
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10:45
General news
NY Fed added $99.9 B in cash into the marke »

NY Fed added $99.9 B in…

10:45
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General news
Treasury 2-year auction outlook: »

Treasury 2-year auction…

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General news
Breaking General news story  »

8-Week Bill Announcement…

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General news
Breaking General news story  »

4-Week Bill Announcement…

VRTX

Vertex

$190.76

7.03 (3.83%)

10:43
10/22/19
10/22
10:43
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10:43
Recommendations
Vertex analyst commentary  »

Oppenheimer stays bullish…

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  • 30

    Oct

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JBLU

JetBlue

$17.92

0.38 (2.17%)

10:36
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Breaking Hot Stocks news story on JetBlue »

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  • 22

    Oct

  • 10

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10:35
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General news
Treasury Action: there was nary a market reaction to the mix of data »

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AEP

American Electric

$94.43

-0.04 (-0.04%)

10:34
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Hot Stocks
American Electric boosts quarterly dividend to 70c from 67c »

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  • 24

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AAL

American Airlines

$27.93

-0.69 (-2.41%)

10:30
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Options
Size call writer in American Airlines following Jetblue earnings »

Size call writer in…

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  • 24

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CSOD

Cornerstone OnDemand

$54.62

0.13 (0.24%)

10:28
10/22/19
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10:28
Options
Call volume spikes in Cornerstone on Demand as shares spike »

Call volume spikes in…

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  • 06

    Nov

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CCL

Carnival

$42.76

-0.37 (-0.86%)

, RCL

Royal Caribbean

$110.04

-2.24 (-2.00%)

10:26
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Hot Stocks
Carnival, Royal Caribbean, government of St. Lucia sign MOU »

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CCL

Carnival

$42.76

-0.37 (-0.86%)

RCL

Royal Caribbean

$110.04

-2.24 (-2.00%)

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  • 02

    Dec

KMB

Kimberly-Clark

$135.20

-4.11 (-2.95%)

10:25
10/22/19
10/22
10:25
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10:25
Hot Stocks
Breaking Hot Stocks news story on Kimberly-Clark »

Kimberly-Clark says…

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  • 22

    Oct

JWN

Nordstrom

$35.43

-0.28 (-0.78%)

10:25
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10/22
10:25
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10:25
Conference/Events
Nordstrom to hold a meeting »

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  • 22

    Oct

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