Arrow Electrs Inc Stock Price, News & Analysis

Arrow Electronics has launched the PSoC™ 64 IoT Security Workshop Development Kit, its first PSA Certified platform. This kit accelerates secure system development using accepted cybersecurity methodologies and facilitates compliance with emerging IoT legislation, including NIST 8259A and EN 303 645. The platform, co-developed with Infineon, enhances security for IoT devices and simplifies programming and management of devices via AWS Cloud. It ensures that devices meet the PSA Certified security goals, promoting robust cyber-protection for the device lifecycle.

Arrow Electronics (NYSE:ARW) recently announced that Chris Stansbury, the CFO, will present at the 2021 Wells Fargo TMT Summit on November 30, 2021, at 10:00 A.M. ET. He will also be presenting at the Raymond James 2021 Technology Investors Conference on December 7, 2021, at 10:30 A.M. ET. Both presentations will be available via live webcasts at investor.arrow.com, with recordings accessible for one year. Arrow Electronics, a leader in technology solutions, reported $29 billion in sales for 2020.

Arrow Electronics reported third-quarter 2021 sales of $8.51 billion, up 18% from $7.23 billion in Q3 2020. Net income surged to $290 million, or $4.00 per share, compared to $166 million or $2.13 per share a year ago. Non-GAAP earnings were $4.04 per share. Global components sales rose 25% to $6.62 billion, while enterprise computing solutions fell 2% to $1.89 billion. The company expects Q4 sales between $8.55 billion and $9.15 billion, and net income per share of $4.19 to $4.35.

A first-year engineering student from the University of Texas at Austin, Siddharth Thakur, won the Arrow Electronics People’s Choice Award in the 2021 Collegiate Inventors Competition for his creation, the Firebot. This remote-controlled search-and-rescue robot, valued at $2,000, is designed to locate people trapped in burning buildings. The competition recognized innovative projects from 20 students across 13 colleges, with participants receiving cash awards and mentorship opportunities. Arrow Electronics, with sales exceeding $29 billion in 2020, sponsors the competition, which promotes collegiate innovation.

Arrow Electronics (NYSE:ARW) announced that its cloud marketplace, ArrowSphere, has been recognized as a Strong Performer in The Forrester New Wave™: Marketplace Development Platforms, Q4 2021. The report highlights ArrowSphere's effectiveness for tier-two channel partners, stating it enhances cloud business efficiency. ArrowSphere received high marks in operations management, seller management, and pricing strategies. Kristin Russell, president of Arrow’s global enterprise computing solutions, expressed pride in the recognition, asserting it validates ArrowSphere's position in the market.

Arrow Electronics (NYSE:ARW) will host a conference call on November 4, 2021, at 1:00 PM ET to discuss its third-quarter 2021 financial results. Interested investors can register for the call online to obtain dial-in information. A live webcast will also be available on the company's investor website. The replay will be accessible for one year following the call.

Arrow Electronics reported $29 billion in sales for 2020, serving over 180,000 technology manufacturers and service providers.

Arrow Electronics (NYSE:ARW) has appointed Carol Lowe, former CFO of FLIR Systems, to its board of directors, increasing the total count to 12 members. With extensive experience in finance, strategic planning, and IT, Lowe is expected to enhance the board's capabilities significantly. She previously served as CFO at Sealed Air Corporation and has held senior finance roles across various industries, showcasing a blend of operational and financial acumen. Arrow Electronics reported $29 billion in sales in 2020, providing technology solutions to over 180,000 clients.

Arrow Electronics has signed a global distribution agreement with Red Pitaya for its multifunction, open-source lab instruments. This partnership enables Richardson RFPD, a subsidiary of Arrow, to distribute Red Pitaya's versatile boards that replace costly lab instruments across various industries including automotive, aerospace, and telecommunications. The all-in-one boards eliminate expensive software licenses and allow customization, enhancing accessibility for development teams. This move aligns with Richardson RFPD's commitment to support design engineers with innovative solutions.

Arrow Electronics (NYSE:ARW) has announced that Chris Stansbury, senior vice president and chief financial officer, will present at the Citi 2021 Global Technology Virtual Conference on September 14, 2021, at 1:50 P.M. Eastern Time. The presentation will be available via a live webcast, which can be accessed at investor.arrow.com. Arrow Electronics reported $29 billion in sales for 2020 and continues to innovate for over 180,000 technology manufacturers and service providers.