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Conference/Events
Scansource to host business news update conference call » 16:25
07/23/20
07/23
16:25
07/23/20
16:25
SCSC

Scansource

$24.68 /

-0.18 (-0.72%)

Conference call to…

Conference call to discuss the Company's $30M expense reduction plan will be held on July 23 at 5 pm. Webcast Link

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SCSC Scansource
$24.68 /

-0.18 (-0.72%)

SCSC Scansource
$24.68 /

-0.18 (-0.72%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
SCSC Scansource
$24.68 /

-0.18 (-0.72%)

Conference/Events
Scansource to host business news update conference call » 14:27
07/23/20
07/23
14:27
07/23/20
14:27
SCSC

Scansource

$24.97 /

+0.11 (+0.44%)

Conference call to…

Conference call to discuss the Company's $30M expense reduction plan will be held on July 23 at 5 pm. Webcast Link

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SCSC Scansource
$24.97 /

+0.11 (+0.44%)

SCSC Scansource
$24.97 /

+0.11 (+0.44%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
SCSC Scansource
$24.97 /

+0.11 (+0.44%)

Earnings
Scansource sees Q4 GAAP net sales approx. $758M, two est. $708.7M » 13:07
07/23/20
07/23
13:07
07/23/20
13:07
SCSC

Scansource

$25.12 /

+0.26 (+1.05%)

Subject to completion of…

Subject to completion of financial reporting and review procedures, ScanSource announced that it expects fourth quarter fiscal year 2020 GAAP net sales to be approximately $758M and non-GAAP net sales excluding the Planned Divestitures to be approximately $636M. This represents a 21% decline year-over-year for quarterly GAAP net sales and a 19% decline year-over-year for quarterly non-GAAP net sales, excluding the negative impact of foreign currency translation. For the Intelisys business, fourth quarter fiscal year 2020 net sales increased approximately 15% year-over-year. ScanSource expects to provide full fourth quarter and fiscal year 2020 results on August 25, 2020.

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SCSC Scansource
$25.12 /

+0.26 (+1.05%)

SCSC Scansource
$25.12 /

+0.26 (+1.05%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
SCSC Scansource
$25.12 /

+0.26 (+1.05%)

Hot Stocks
Scansource expects to complete workforce reduction by end of September quarter » 13:05
07/23/20
07/23
13:05
07/23/20
13:05
SCSC

Scansource

$25.12 /

+0.26 (+1.05%)

The Company expects to…

The Company expects to complete substantially all of the workforce reduction of approximately 200 positions by the end of the September 2020 quarter.

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SCSC Scansource
$25.12 /

+0.26 (+1.05%)

SCSC Scansource
$25.12 /

+0.26 (+1.05%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
SCSC Scansource
$25.12 /

+0.26 (+1.05%)

Hot Stocks
Scansource initiates $30M expense reduction plan, wind-down of Capango business » 13:04
07/23/20
07/23
13:04
07/23/20
13:04
SCSC

Scansource

$25.12 /

+0.26 (+1.05%)

ScanSource actions to…

ScanSource actions to address the business impacts of the COVID-19 pandemic and prepare for the next phase of growth. These actions include a $30M expense reduction plan designed to better align the cost structure for its wholesale distribution business with lower sales volumes as a result of the COVID-19 pandemic. As part of the plan, ScanSource will continue to invest in its higher growth agency business, Intelisys. Strong growth for the Intelisys business has continued, even with the COVID-19 pandemic. The expense reduction plan includes 10% to 25% salary reductions for the Executive team through December 31, 2020, elimination of cash retainers for the Board of Directors through December 31, 2020, cost savings measures related to discretionary SG&A expenses, a reduction in workforce in North America, excluding the Intelisys business and the wind-down of the Canpango professional services business. These actions are expected to reduce the Company's annualized SG&A cost base by approximately $30M. In the first quarter of fiscal year 2021, the Company anticipates recording an estimated pre-tax cash charge of approximately $8M to $9M, consisting of severance and related employee benefits. The Company expects to complete substantially all of the workforce reduction of approximately 200 positions by the end of the September 2020 quarter. ScanSource has initiated actions to close Canpango, its Salesforce implementation and consulting business. In August 2018, ScanSource acquired Canpango to help partners build out their customer relationship management capabilities as part of a CCaaS solution. There has been limited adoption by ScanSource's partner community. With input from valued partners, ScanSource has shifted its focus to delivering a more targeted set of services to support CCaaS and UCaaS business growth through partnerships with third parties. As a result of winding down the Canpango business, which includes completing existing contracts over the next few months, ScanSource expects to record a pre-tax non-cash charge of approximately $2M as of June 30, 2020.

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SCSC Scansource
$25.12 /

+0.26 (+1.05%)

SCSC Scansource
$25.12 /

+0.26 (+1.05%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
SCSC Scansource
$25.12 /

+0.26 (+1.05%)

Over a month ago
Earnings
Scansource not providing Q4 guidance » 16:10
05/11/20
05/11
16:10
05/11/20
16:10
SCSC

Scansource

$25.30 /

-1.7 (-6.30%)

"Given the…

"Given the uncertainties related to the COVID-19 pandemic and the changing economic environment, we are not providing our expectations for net sales or earnings per share for the fourth quarter of fiscal year 2020."

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SCSC Scansource
$25.30 /

-1.7 (-6.30%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
Earnings
ScanSource reports Q3 adjusted EPS 37c, consensus 46c » 16:09
05/11/20
05/11
16:09
05/11/20
16:09
SCSC

Scansource

$25.30 /

-1.7 (-6.30%)

Reports Q3 revenue…

Reports Q3 revenue $872.5M, two estimates $737.85M. "In March, companies around the world, including ours, immediately shifted to work-from-home," said Mike Baur, Chairman and CEO, ScanSource, Inc. "I am proud of how our ScanSource employees made the transition to work-from-home and delivered the same level of customer service. During the quarter, we saw an accelerated decline in our sales of premise-based communications products. However, we had a significant increase in sales of headsets, cameras, speakers, keyboards, displays, back-up power supplies, IP desk phones, and connectivity to support remote workers. Overall, we are pleased with our results delivering on our sales expectations."

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SCSC Scansource
$25.30 /

-1.7 (-6.30%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
Over a quarter ago
Hot Stocks
ScanSource to offer Microsoft Cloud portfolio » 16:09
04/16/20
04/16
16:09
04/16/20
16:09
SCSC

Scansource

$21.49 /

-0.38 (-1.74%)

, MSFT

Microsoft

$176.80 /

+4.93 (+2.87%)

ScanSource (SCSC)…

ScanSource (SCSC) announced the launch of Microsoft's (MSFT) full portfolio of cloud software solutions to its North American channel partners. Through this relationship, ScanSource partners can sell licenses for Microsoft 365, Office 365, Azure and Dynamics 365, while also meeting their end-customers' growing demand for cloud-based remote workforce solutions. "By offering the Microsoft cloud platform, partners can help increase collaboration and productivity across their end-customers' businesses, wherever they may be located," said John Eldh, Senior Executive Vice President and Chief Revenue Officer, ScanSource. "The paradigm shift to cloud - not to mention our current work environment - is changing the way end customers collaborate and do business. We are excited to give our partners access to Microsoft's solutions, along with actionable data that can help them grow their relationships with their customers."

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SCSC Scansource
$21.49 /

-0.38 (-1.74%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
05/06/19 Northcoast
Scansource downgraded to Neutral following checks at Northcoast
05/06/19 Northcoast
Scansource downgraded to Neutral from Buy at Northcoast
MSFT Microsoft
$176.80 /

+4.93 (+2.87%)

04/15/20 BofA
Microsoft estimates trimmed after reseller checks at BofA
04/02/20 Piper Sandler
RingCentral videoconference product launch negative for Zoom, says Piper Sandler
03/31/20 Citi
Microsoft price target lowered to $167 from $170 at Citi
03/26/20 Baird
Bandwidth added as a Fresh Pick at Baird
Conference/Events
Avaya to hold a user conference » 06:55
02/05/20
02/05
06:55
02/05/20
06:55
RNG

RingCentral

$209.16 /

+3.26 (+1.58%)

, IT

Gartner

$154.11 /

-9.72 (-5.93%)

, T

AT&T

$37.63 /

+0.68 (+1.84%)

, GOOG

Alphabet

$1,447.58 /

-39.27 (-2.64%)

, IBM

IBM

$149.13 /

+2.86 (+1.96%)

, NUAN

Nuance

$19.46 /

+0.41 (+2.15%)

, SCSC

Scansource

$35.66 /

+0.38 (+1.08%)

, VRNT

Verint

$59.07 /

+0.47 (+0.80%)

, WINMQ

Windstream

$0.00 /

+ (+0.00%)

, AVYA

Avaya

$13.24 /

+0.4 (+3.12%)

Engage User Conference…

Engage User Conference 2020 will be held in Phoenix, AZ on February 2-5.

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RNG RingCentral
$209.16 /

+3.26 (+1.58%)

02/04/20 Truist
RingCentral price target raised to $225 from $192 at SunTrust
01/27/20 Wells Fargo
RingCentral initiated with an Overweight at Wells Fargo
01/27/20 Wells Fargo
RingCentral initiated with an Overweight at Wells Fargo
01/23/20 Needham
RingCentral price target raised to $220 from $190 at Needham
IT Gartner
$154.11 /

-9.72 (-5.93%)

11/21/19 Jefferies
Jefferies initiates Information Services sector
11/21/19 Jefferies
Gartner initiated with a Hold at Jefferies
07/31/19 BMO Capital
Gartner price target lowered to $142 from $161 at BMO Capital
05/08/19 Cantor Fitzgerald
Gartner price target raised to $152 from $141 at Cantor Fitzgerald
T AT&T
$37.63 /

+0.68 (+1.84%)

01/30/20
Fly Intel: Top five analyst downgrades
01/30/20 UBS
AT&T downgraded to Neutral from Buy at UBS
01/30/20 UBS
AT&T downgraded to Neutral from Buy at UBS
01/29/20 Stifel
Stifel reiterates Buy rating on Netflix as AT&T loses more video subscribers
GOOG Alphabet
$1,447.58 /

-39.27 (-2.64%)

02/04/20 JPMorgan
Alphabet price target raised to $1,535 from $1,460 at JPMorgan
02/04/20 Canaccord
Alphabet results weakness should be short-lived, says Canaccord
02/04/20 Morgan Stanley
Morgan Stanley says YouTube smaller, but faster growing, than expected
02/04/20 Oppenheimer
Alphabet price target raised to $1,620 from $1,530 at Oppenheimer
IBM IBM
$149.13 /

+2.86 (+1.96%)

02/03/20 Edward Jones
IBM upgraded to Buy from Hold at Edward Jones
01/23/20 BMO Capital
IBM price target raised to $155 from $152 at BMO Capital
01/22/20 Cantor Fitzgerald
IBM price target raised to $138 from $133 at Cantor Fitzgerald
01/22/20 Citi
IBM price target raised to $155 from $140 at Citi
NUAN Nuance
$19.46 /

+0.41 (+2.15%)

01/13/20 Morgan Stanley
Morgan Stanley upgrades Nuance to Overweight on path to double-digit EPS growth
01/13/20 Morgan Stanley
Nuance upgraded to Overweight from Equal Weight at Morgan Stanley
10/02/19 Evercore ISI
Cerence initiated with an Outperform at Evercore ISI
10/01/19 Raymond James
Cerence initiated with a Strong Buy at Raymond James
SCSC Scansource
$35.66 /

+0.38 (+1.08%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
05/06/19 Northcoast
Scansource downgraded to Neutral following checks at Northcoast
05/06/19 Northcoast
Scansource downgraded to Neutral from Buy at Northcoast
VRNT Verint
$59.07 /

+0.47 (+0.80%)

12/05/19 Needham
Verint price target raised to $57 from $53 at Needham
12/05/19 JPMorgan
Verint price target lowered to $73 from $78 at JPMorgan
11/12/19 Goldman Sachs
Verint initiated with a Buy at Goldman Sachs
10/23/19
Fly Intel: Top five analyst initiations
WINMQ Windstream
$0.00 /

+ (+0.00%)

AVYA Avaya
$13.24 /

+0.4 (+3.12%)

02/04/20 Needham
Five9 price target raised to $82 from $70 at Needham
01/21/20 Goldman Sachs
RingCentral upgraded to Buy from Neutral at Goldman Sachs
Conference/Events
Avaya to hold a user conference » 04:55
02/05/20
02/05
04:55
02/05/20
04:55
RNG

RingCentral

$209.16 /

+3.26 (+1.58%)

, IT

Gartner

$154.11 /

-9.72 (-5.93%)

, T

AT&T

$37.63 /

+0.68 (+1.84%)

, GOOG

Alphabet

$1,447.58 /

-39.27 (-2.64%)

, IBM

IBM

$149.13 /

+2.86 (+1.96%)

, NUAN

Nuance

$19.46 /

+0.41 (+2.15%)

, SCSC

Scansource

$35.66 /

+0.38 (+1.08%)

, VRNT

Verint

$59.07 /

+0.47 (+0.80%)

, WINMQ

Windstream

$0.00 /

+ (+0.00%)

, AVYA

Avaya

$13.24 /

+0.4 (+3.12%)

Engage User Conference…

Engage User Conference 2020 will be held in Phoenix, AZ on February 2-5.

ShowHide Related Items >><<
RNG RingCentral
$209.16 /

+3.26 (+1.58%)

02/04/20 Truist
RingCentral price target raised to $225 from $192 at SunTrust
01/27/20 Wells Fargo
RingCentral initiated with an Overweight at Wells Fargo
01/27/20 Wells Fargo
RingCentral initiated with an Overweight at Wells Fargo
01/23/20 Needham
RingCentral price target raised to $220 from $190 at Needham
IT Gartner
$154.11 /

-9.72 (-5.93%)

11/21/19 Jefferies
Jefferies initiates Information Services sector
11/21/19 Jefferies
Gartner initiated with a Hold at Jefferies
07/31/19 BMO Capital
Gartner price target lowered to $142 from $161 at BMO Capital
05/08/19 Cantor Fitzgerald
Gartner price target raised to $152 from $141 at Cantor Fitzgerald
T AT&T
$37.63 /

+0.68 (+1.84%)

01/30/20
Fly Intel: Top five analyst downgrades
01/30/20 UBS
AT&T downgraded to Neutral from Buy at UBS
01/30/20 UBS
AT&T downgraded to Neutral from Buy at UBS
01/29/20 Stifel
Stifel reiterates Buy rating on Netflix as AT&T loses more video subscribers
GOOG Alphabet
$1,447.58 /

-39.27 (-2.64%)

02/04/20 JPMorgan
Alphabet price target raised to $1,535 from $1,460 at JPMorgan
02/04/20 Canaccord
Alphabet results weakness should be short-lived, says Canaccord
02/04/20 Morgan Stanley
Morgan Stanley says YouTube smaller, but faster growing, than expected
02/04/20 Oppenheimer
Alphabet price target raised to $1,620 from $1,530 at Oppenheimer
IBM IBM
$149.13 /

+2.86 (+1.96%)

02/03/20 Edward Jones
IBM upgraded to Buy from Hold at Edward Jones
01/23/20 BMO Capital
IBM price target raised to $155 from $152 at BMO Capital
01/22/20 Cantor Fitzgerald
IBM price target raised to $138 from $133 at Cantor Fitzgerald
01/22/20 Citi
IBM price target raised to $155 from $140 at Citi
NUAN Nuance
$19.46 /

+0.41 (+2.15%)

01/13/20 Morgan Stanley
Morgan Stanley upgrades Nuance to Overweight on path to double-digit EPS growth
01/13/20 Morgan Stanley
Nuance upgraded to Overweight from Equal Weight at Morgan Stanley
10/02/19 Evercore ISI
Cerence initiated with an Outperform at Evercore ISI
10/01/19 Raymond James
Cerence initiated with a Strong Buy at Raymond James
SCSC Scansource
$35.66 /

+0.38 (+1.08%)

08/21/19 Raymond James
Scansource price target lowered to $36 from $44 at Raymond James
05/06/19 Northcoast
Scansource downgraded to Neutral following checks at Northcoast
05/06/19 Northcoast
Scansource downgraded to Neutral from Buy at Northcoast
VRNT Verint
$59.07 /

+0.47 (+0.80%)

12/05/19 Needham
Verint price target raised to $57 from $53 at Needham
12/05/19 JPMorgan
Verint price target lowered to $73 from $78 at JPMorgan
11/12/19 Goldman Sachs
Verint initiated with a Buy at Goldman Sachs
10/23/19
Fly Intel: Top five analyst initiations
WINMQ Windstream
$0.00 /

+ (+0.00%)

AVYA Avaya
$13.24 /

+0.4 (+3.12%)

02/04/20 Needham
Five9 price target raised to $82 from $70 at Needham
01/21/20 Goldman Sachs
RingCentral upgraded to Buy from Neutral at Goldman Sachs

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