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Avnet, Inc. - $AVT STOCK NEWS

Welcome to our dedicated page for Avnet news (Ticker: $AVT), a resource for investors and traders seeking the latest updates and insights on Avnet stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avnet's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avnet's position in the market.

Rhea-AI Summary
Avnet, Inc. reported sales of $6.3 billion and diluted EPS of $2.25 in the first quarter of fiscal year 2024. Adjusted diluted EPS of $1.61 exceeded guidance. Electronic Components operating margin increased by 38 basis points year over year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
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Rhea-AI Summary
Avnet to report Q1 fiscal year 2024 financial results on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
Tags
conferences earnings
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News
Rhea-AI Summary
Avnet, Inc. (Nasdaq: AVT) approves a 7% increase in quarterly cash dividend to $0.31 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
dividends
Rhea-AI Summary
Avnet to participate in Citi 2023 Global Technology Conference on Sept. 6, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
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conferences
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Rhea-AI Summary
Avnet reports fiscal year 2023 sales of $26.5 billion and record diluted EPS of $8.26. Fourth quarter sales of $6.6 billion exceeded guidance. Electronic components fourth quarter operating income margin of 5.1%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.08%
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Rhea-AI Summary
Avnet (AVT) Launches Second Release of IoTConnect on AWS, Accelerating IoT Device Development for OEMs
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
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none
Rhea-AI Summary
A pulse survey by Avnet, a leading technology distributor, found that 78% of respondents who view sustainable product design as an opportunity have made progress in implementing it into their business strategy. The survey revealed that visibility around availability and lead times, as well as component end-of-life management, are important to respondents. Tactics being implemented include designing for longevity, low-power design, leveraging connectivity, software that prolongs product efficiency or life cycle, designing for recycling or reuse, avoiding non-renewable resources, edge computing, and artificial intelligence. Customer demand is the most effective driver behind the use of sustainable design tactics. The survey was conducted among 149 global respondents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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none
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Rhea-AI Summary
Avnet (AVT) to report Q4 and FY 2023 financial results on August 16 after market close. CEO and CFO to host webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET. Annual Meeting of Shareholders scheduled for November 16, 2023. Earnings call details and webcast access provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
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conferences earnings
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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conferences
Rhea-AI Summary
Avnet, Inc. (Nasdaq: AVT) has announced a regular quarterly cash dividend of $0.29 per share. The dividend will be paid on June 21, 2023, to shareholders of record as of June 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
dividends
Avnet, Inc.

Nasdaq:AVT

AVT Rankings

AVT Stock Data

4.46B
89.78M
0.78%
98.62%
3.5%
Business to Business Electronic Markets
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United States of America
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About AVT

avnet guides today’s ideas into tomorrow’s technology. we design and make for start-ups – the technology dreamers poised to be the next big thing. and we supply and deliver for the contract manufacturers and oems who need to stock shelves around the globe. our culture was founded on new ideas and emerging technology. 15,000 people strong in 125 countries across north america, europe and asia. our engineers are on the front lines of innovation, supported by sales, supply-chain, design-chain and service teams with deep expertise – making avnet the go-to guide for innovators who set the pace for technological change. wherever you are in the technology product lifecycle, collaborating with avnet can help you reach further. explore the possibilities at www.avnet.com.