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TD SYNNEX Corporation - $SNX STOCK NEWS

Welcome to our dedicated page for TD SYNNEX Corporation news (Ticker: $SNX), a resource for investors and traders seeking the latest updates and insights on TD SYNNEX Corporation 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 TD SYNNEX Corporation'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 TD SYNNEX Corporation's position in the market.

News
Tech Data Capital to Launch in Singapore, India, and Australia to Empower Partner Growth Through Flexible Financial Solutions
Rhea-AI Summary

Tech Data Capital, a TD SYNNEX Company, is expanding to Singapore, Australia, and India to provide partners with flexible financing solutions from selected financial institutions. This move aims to address the financial scalability challenge faced by partners, enabling them to invest in new technologies and meet customer demand. The initiative will empower IT channel partners and clients to increase purchasing power and accelerate business growth in the APJ region.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
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News
Hyve Solutions Named Design Partner for NVIDIA HGX Product Line
Rhea-AI Summary

Hyve Solutions, a subsidiary of TD SYNNEX (NYSE: SNX), has been named a design partner for the NVIDIA HGX platform. This partnership will focus on accelerating AI in the datacenter and at the edge by providing high-performance computing solutions for AI, ML, and DL workloads. Hyve's expertise in datacenter design and manufacturing, along with NVIDIA's technology, aims to deliver scalable AI datacenter architectures to meet the evolving needs of customers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
none
-
News
TD SYNNEX CommunitySolv Kicks off Spring 2024 Events
Rhea-AI Summary
TD SYNNEX (SNX) launches Spring 2024 programming for CommunitySolv, focusing on innovation, business optimization, and operational excellence. Events in Las Vegas and Toronto offer networking opportunities and highlight high-growth areas like AI and security. Canadian event emphasizes the 'Power of Partnership' with key speakers addressing industry issues and operational excellence topics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
none
News
Scality and TD SYNNEX partner to meet ransomware protection requirements for organizations in Germany, Austria and Switzerland
Rhea-AI Summary
Scality partners with TD SYNNEX to distribute cyber-resilient storage solutions in the DACH region, enhancing ransomware protection for enterprises. The collaboration aims to provide affordable, enterprise-grade object-storage software to strengthen cyber security posture across hybrid-cloud environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
partnership
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News
TD SYNNEX Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Rhea-AI Summary
TD SYNNEX (SNX) announced the pricing of a secondary public offering of 5,309,299 shares of its common stock. The offering, sold by affiliates of Apollo Global Management, Inc., is expected to close soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
buyback offering
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News
TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Rhea-AI Summary
TD SYNNEX (SNX) announces a secondary public offering of 5,309,299 shares by Selling Stockholders managed by Apollo Global Management, Inc. The Company will not sell any shares but will repurchase 1,750,000 shares concurrently. The underwriters include J.P. Morgan Securities , Citigroup Global Markets Inc., and others. The offering will be made through a written prospectus and prospectus supplement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
buyback offering
News
TD SYNNEX Announces Pricing of Upsized Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Rhea-AI Summary
TD SYNNEX (NYSE: SNX) announced the pricing and upsize of a secondary public offering of 10,500,000 shares of its common stock, sold by entities managed by affiliates of Apollo Global Management, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
buyback offering
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News
TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Rhea-AI Summary
TD SYNNEX (SNX) announces a proposed secondary public offering of 9,000,000 shares of its common stock by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters have an option to purchase an additional 1,350,000 shares. The Company is not selling any shares and will not receive proceeds from the sale. A Concurrent Share Repurchase of 500,000 shares is authorized, not exceeding $60.0 million, funded by existing cash. The underwriters will not receive compensation for the shares repurchased by the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
buyback offering
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News
Cyolo Security Announces Partnership with TD SYNNEX
Rhea-AI Summary
Cyolo announces a partnership with TD SYNNEX to enhance secure remote access capabilities for industrial enterprises. The collaboration aims to boost revenue streams by providing secure access to critical environments and systems through the Cyolo PRO platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.48%
Tags
partnership
News
TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization
Rhea-AI Summary
TD SYNNEX (SNX) reported strong financial results for the fiscal first quarter, with revenue of $14.0 billion, non-GAAP gross billings of $19.3 billion, and net income of $172 million. The company achieved record margins, with diluted EPS at $1.93 and non-GAAP diluted EPS at $2.99. Cash provided by operations was $385 million, and free cash flow was $344 million. TD SYNNEX returned $235 million to shareholders through share repurchases and dividends, showing a 59% increase from the prior fiscal first quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.48%
Tags
buyback earnings
Stock SNX logo
TD SYNNEX Corporation

NYSE:SNX

SNX Rankings

#795 Ranked by Market Cap
#2079 Ranked by Stock Gains
#1679 Ranked by Dividends

SNX Stock Data

10.26B
77.82M
10.94%
57.04%
1.83%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
United States of America
FREMONT

About SNX

welcome to synnex corporation (snx), a global leader in it distribution (technology solutions segment) and global business services (concentrix segment). founded in 1980, synnex is a $10.4 billion company with more than 53,000 associates worldwide and in 2014 was ranked no. 260 on the fortune 500 list. synnex partners with more than 300 world-leader technology manufacturers, helping them distribute their products through more than 20,000 value-added resellers primarily in north america. our focused channel categories include it systems, peripherals, system components, software, networking, and consumer electronics products. our vendor partners include hp, intel, panasonic, microsoft, lenovo, seagate, and many other world-class original equipment manufacturers. in addition to distribution, synnex provides business process outsourcing for technical support, renewals management, demand generation, direct sales, customer service, back-office processing, and it outsourcing. synnex creates