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Synnex Corporation (SNX) shares have reached an all-time high, touching a price level of $138.35. According to InvestingPro analysis, while the stock's RSI suggests overbought conditions, the company trades at an attractive P/E ratio of 17x. This milestone underscores a period of robust performance for the IT supply chain services company, reflecting investor confidence and a favorable market position. Over the past year, Synnex has seen its stock value surge, with a notable 1-year change of 30.02%. The company's management has been actively buying back shares, while maintaining dividend payments for 12 consecutive years. This impressive growth trajectory highlights the company's successful strategies and resilience in a competitive sector, as it continues to innovate and expand its global footprint. For deeper insights into SNX's valuation and growth potential, access the comprehensive Pro Research Report available on InvestingPro, which covers 14 additional key insights about the company.
In other recent news, TD SYNNEX (NYSE:SNX) Corporation has been making significant strides in the financial sector. The company outperformed Q4 estimates, reporting an adjusted earnings per share of $3.09, which surpassed the consensus estimate of $3.06. Furthermore, TD SYNNEX reported revenue of $15.84 billion, beating analysts' projections of $15.25 billion. This success was primarily attributed to a 10% YoY rise in Q4 revenue, driven by growth in both its Advanced Solutions and Endpoint Solutions portfolios.
TD SYNNEX's director Hau Lee is set to retire at the company's 2025 Annual Meeting of Stockholders, marking the end of his tenure which began in 2012. The company recognized his contributions to its growth and success over the years.
Analysts from Loop Capital and Raymond (NSE:RYMD) James have maintained positive ratings on TD SYNNEX. Raymond James analyst Adam Tindle raised the price target to $150. Looking forward, TD SYNNEX expects Q1 revenue to fall between $14.4 billion and $15.2 billion, compared to the $14.76 billion consensus. The company also forecasted Q1 adjusted EPS of $2.65 to $3.15, versus analyst estimates of $2.95. Amid these developments, TD SYNNEX continues to demonstrate strong financial health.
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