Phoenix -based Avnet, Inc.’s (AVT) operating unit, Avnet Electronics Marketing Americas, has recently declared the accessibility of the latest product ranges from Analog Devices, Inc. (ADI), Freescale Semiconductor, Ltd (FSL) and TE Connectivity (TE).
The company’s clients can now avail various electronic component products such as AD5684R, designed by Analog Devices, specifically for end applications; Freescale Tower System and TE’s latest KOAXXA RF interconnects embedded with the newest technologies through its e-commerce engine portal Avnet Express. According to management, Avnet Express will provide a user-friendly platform to the design engineers through which they can easily access the latest products ranges.
The company’s broad portfolio of products and services and its continued efforts to provide maximum consumer satisfaction have both elevated its position and rendered it more secure to hold a substantial market share in the present scenario. During the fourth quarter of fiscal 2012, revenues from Avnet’s Electronics Marketing (EM) declined 5.0% from the year-ago quarter to $3.76 billion, within management’s guidance range of $3.75 billion – $4.05 billion. We can be hopeful of a better performance by this segment in the upcoming quarters. For the first quarter of fiscal 2013, the company projects EM sales to be in the range of $3.55 billion – $3.85 billion.
Avnet faces fierce competition from big players in the semiconductor industry. One of the stalwarts here is Arrow Electronics Inc. (ARW), which remains an immensely formidable rival, especially in the current times. In addition, there are several other big players such as Wesco International Inc. (WCC) and Anixter International Inc. (AXE) in the industry.
The current Zacks Consensus Estimates for the first quarter of fiscal 2013 and for fiscal 2013 are 84 cents and $4.11, representing a year-over-year growth of (6.79)% and 1.33%, respectively. The company currently retains a Zacks #4 Rank, which translates into a short-term ‘Sell’ rating. However, we are maintaining a long-term ‘Neutral’ recommendation on the stock.
Read the full analyst report on “ARW”
Read the full analyst report on “AVT”
Read the full analyst report on “WCC”
Read the full analyst report on “ADI”
Read the full analyst report on “AXE”
Read the full analyst report on “FSL”
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