Synnex Story

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SNX -- USA Stock  

USD 123.83  2.15  1.71%

Synnex Corp is scheduled to announce its earnings today. The next earnings report is expected on the 24th of June 2021. As many baby boomers are still indifferent towards technology space, it makes sense to break down Synnex as a potential position. What exactly are Synnex Corp shareholders getting in April?
Published over three weeks ago
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Our current take on Synnex (NYSE:SNX) analyst consensus
Synnex Corp is UNDERVALUED at 119.31 per share with modest projections ahead.
Macroaxis provides recommendation on Synnex Corp to complement and cross-verify current analyst consensus on Synnex Corp. Our trade recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon.
What is the right price you would pay to acquire a share of Synnex Corp? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated.
Please read more on our stock advisor page.

What is happening with Synnex Corp this year

Annual and quarterly reports issued by Synnex Corp are formal financial statements that are published yearly and quarterly and sent to Synnex stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Synnex Corp often view their annual report as an effective marketing tool to disseminate their perspective on company future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.

How Synnex utilizes its cash?

To perform a cash flow analysis of Synnex Corp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Synnex Corp is receiving and how much cash it distributes out in a given period. The Synnex Corp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Synnex Corp Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Synnex Corp reported Net Cash Flow from Operations of 1.65 Billion in 2020

Synnex Corp exotic insider transaction detected

Legal trades by Synnex Corp insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Synnex insider trading alert for general transaction of common stock by Kevin Murai, the corporate stakeholder, on 14th of April 2021. This event was filed by Synnex Corp with SEC on 2021-04-14. Statement of changes in beneficial ownership - SEC Form 4. Kevin Murai currently serves as ceo and president director and chairman of executive committee of Synnex Corp [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Is Synnex a risky opportunity?

Let's check the volatility. Synnex is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Synnex (NYSE:SNX) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. acquiring a share of a Synnex Corp stock makes you a part-owner of that company.

Synnex Corp Current Consensus

Here is the current trade recommendation based on an ongoing consensus estimate among financial analysis covering Synnex Corp. The Synnex consensus assessment is calculated by taking the average estimates from all of the analysts covering Synnex Corp

Strong Buy
Strong Buy480.0
Strong Sell00.0

Synnex Corp is likely to close below $105 next week

Synnex Corp current semi variance rises over 2.14. Synnex Corp has relatively low volatility with skewness of 0.52 and kurtosis of 0.3. However, we advise all investors to independently investigate Synnex Corp to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Synnex Corp's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Synnex Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Take On Synnex Corp

While other companies within the information technology services industry are still a little expensive, even after the recent corrections, Synnex Corp may offer a potential longer-term growth to investors. While some investors may not share our view, we believe it may be a good time to increase your existing holdings in Synnex. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Synnex Corp.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Synnex Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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