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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.

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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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
-
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
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
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Rhea-AI Summary
TD SYNNEX (SNX) celebrates the retirement of Matthew Miau, highlighting his impactful leadership and transformative growth during his three-decade tenure. Miau's legacy includes strategic acquisitions, IPO support, and the merger with Tech Data, shaping the company into a global IT solutions leader.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
none
-
Rhea-AI Summary
TD SYNNEX (SNX) has been chosen by a major technology company to distribute its products, expanding its reach in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
Rhea-AI Summary
Ping Identity expands its Authorized Training Partner Network with TD SYNNEX in Europe and ExitCertified in North America to provide global access to identity and access management training. The partnership supports both Ping Identity and ForgeRock training schedules, offering a variety of training options to customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
-
Rhea-AI Summary
Hyve Solutions, a subsidiary of TD SYNNEX , showcases AI products at NVIDIA GTC AI conference. Products cater to AI datacenters, hybrid cloud, and edge deployments. Hyve emphasizes collaboration with industry leaders like NVIDIA and commitment to technology leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
AI
-
Rhea-AI Summary
ZutaCore showcases first dielectric cold plates for H100 and H200 at GTC 2024 in Boston, partnering with leading server manufacturers to support NVIDIA Tensor Core GPUs. The new cooling technology aims to enhance AI performance while addressing sustainability challenges faced by data centers. ZutaCore's HyperCool technology offers a solution for cooling high-power processors efficiently, paving the way for a more sustainable AI future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
AI
Rhea-AI Summary
TD SYNNEX (SNX) launches TD SYNNEX Cloud Labs to offer virtualized environments for PoC demonstrations, aiming to accelerate go-to-market processes for vendors and address challenges in delivering flexible, scalable, and cost-efficient cloud solutions. The solution enables vendors to showcase product features and services seamlessly to end users, reducing resources needed for support and maintenance, shortening sales cycles, and optimizing cost-effectiveness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
none
TD SYNNEX Corporation

NYSE:SNX

SNX Rankings

SNX Stock Data

11.12B
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