Electronics Wholesale
(WCC) WESCO International – Bull of the Day
WESCO International (WCC) is one of the largest distributors of electrical products in the U.S. The company’s third quarter results beat the Zacks Consensus and forward guidance was encouraging.
WESCO’s...
(GWW) W.W. Grainger’s Sales On a Roll
W.W. Grainger Inc. (GWW) reported November sales growth of 15% year over year, continuing its double-digit run so far in the year.
Acquisitions added 5 percentage points to growth mainly due to the...
(ARW) Arrow Electronics Offers Alcatel-Lucent Solutions
Arrow Electronics (ARW) recently announced that its business segment Arrow Enterprise Computing Solutions (ECS) now offers the full line of enterprise voice, data and security solutions from Alcatel-Lucent...
(GWW) W.W. Grainger to Acquire Fabory Group
Industrial distributor, W.W. Grainger Inc. (GWW) intends to buy European fastener distributor Fabory Group for $344 million to boost its product offerings. The acquisition is expected to close in the third...
(ARW) Arrow Electronics’ BeMicro Adds Motor Control
Arrow Electronics (ARW) has recently expanded its BeMicro SDK (Software Development Kit) platform to BeMicro SDK Motor Control kit, supporting the development of a motor-control design within a single Field-programmable...
(AVT) Avnet Completes Parisian IT Buy
Avnet, Inc. (AVT) recently completed its previously announced acquisition of value-added IT distributor Amosdec SAS. Headquartered in Paris, Amosdec provides virtualization and storage management solutions.
Amosdec...
(ARW) Arrow Electronics Signs Deal with Syncort
Electronics distributor Arrow Electronics Inc. (ARW) recently announced that its business segment – Arrow Enterprise Computing Solutions (ECS) has signed an agreement with Syncort to be among the first distributors...
(ARW) Arrow Electronics Expands in China with Seed
New York-based electronics parts distributor Arrow Electronics, Inc. (ARW) recently signed a definitive agreement to acquire all of the assets and operations of the distribution business of Seed International...
(GWW) W.W. Grainger Still Neutral
W.W. Grainger Inc.’s (GWW) fiscal first quarter 2011 EPS was a record $2.18, up 58% year over year, while revenues climbed 12.6%, both outperforming the relevant Zacks Consensus Estimates. Results were driven...
(CELL) Brightpoint Remains Neutral
We maintain our Neutral recommendation on Brightpoint Inc. (CELL) following the ongoing consolidation trend in the U.S telecom industry. If the proposed acquisition of T-Mobile USA by AT&T...
(AVT) New Contracts for Avnet EM
Avnet Electronics Marketing (EM) Americas, a division of Avnet Inc. (AVT) recently collaborated with NXP and introduced Speedway Design Workshop, USB Made Easy.
Based on NXP’s Cortex-M USB portfolio,...
(GWW) W.W. Grainger Reports Record First Quarter – Guides Higher
W.W. Grainger Inc. (GWW) delivered record earnings per share (EPS) of $2.18 in its fiscal 2011 first quarter ended March 31, 2011, up 58% from an adjusted EPS of $1.38 in the year-ago period. Earnings were...
(ARW) Arrow Electronics – Bull of the Day
We expect overall demand and margins to improve at Arrow Electronics (ARW) as volumes ramp up. The recent acquisitions should positively impact the margins and bottom line. The addition of Nu Horizons will...
(CELL) Brightpoint Incorporated – Bull of the Day
We upgrade our recommendation for Brightpoint Inc. (CELL) to Outperform, following its fourth quarter of 2010 financial results, well above the Zacks Consensus Estimates.
Significant growth of 3G smartphones...
(GWW) W.W. Grainger October Sales Report 11% Year-Over-Year Growth
W.W. Grainger Inc. (GWW) reported October sales growth of 11% year over year. Though remaining positive, growth in October moderated from the preceding months, plunging to the lowest point thus far in this...
(GWW) W.W. Grainger – Earnings Beat The Street
W.W. Grainger (GWW) delivered another strong quarter on October 14 followed once again by increased sales and earnings guidance going forward. This prompted analysts to raise their estimates, which propelled the stock to a Zacks #1 Rank...
(AVT) Avnet Incorporated – Bull of the Day
Avnet (AVT) revived its business quite well in fiscal 2010 after a disastrous 2009, driven by strong global demand. Business began to recover in the first quarter of fiscal 2010 as end demand improved and...
(ARW) Arrow Electronics – Earnings to Double – Shares are Cheap
Arrow Electronics (ARW) estimates are surging and now projecting earnings to more than double this year. Analysts had no choice but to raise their outlook after the company set records for earnings and revenue...
(AVT) Avnet Incorporated – Bull of the Day
Avnet (AVT) revived its business quite well in fiscal 2010 after a disastrous 2009, driven by strong global demand. Business began to recover in the first quarter of fiscal 2010 as end demand improved and...
(CELL) Brightpoint’s First Quarter Earnings Report Outperforms
Yesterday, after market close, Brightpoint Inc (CELL) declared solid financial results for the first quarter of 2010. Both the top-line and bottom-line easily exceeds the Zacks Consensus Estimate supported...
(ARW) Arrow Electronics – Upward Earnings Revisions and New Deals
Arrow Electronics (ARW) analysts continue to raise estimates as the company signs new deals and grows through acquisition. The Zacks Rank #1 is expected to see earnings rise more that 50% this year alone.
Company...
(ARW) Arrow Electronics’ Earnings Estimates Have Inched Up Slightly
Estimates have inched up slightly for New York based electronic components and computing products distributor Arrow Electronics (ARW) in the past few days.
Last week, Arrow Electronics entered into...
(AVT) Avnet Incorporated – Bull of the Day
Avnet, Inc. (AVT) is one of the world’s largest distributors of electronic components and computer products. The company continues to expand business in Asia, which is associated with lower ASPs and...
(GWW) W.W. Grainger’s Earnings Report Misses Estimates
W.W. Grainger (GWW) reported results for the first quarter of fiscal 2010. During the quarter, net earnings were $97 million up from $94 million in the year-ago quarter. EPS was $1.31, up 5% from $1.25 reported...
(AVT) Avnet Earnings Estimate Scorecard – On The Rise
Estimates for electronic components and computer products distributor, Avnet, Inc. (AVT) have been on the rise following the upgrade in outlook for the third quarter of fiscal 2010 by the company.
Avnet...
(ARW) Arrow Electronics Acquires Converge & Verical
Arrow Electronics, Inc. (ARW) entered into an agreement to acquire reverse logistics services provider Converge and parts catalog retailer Verical Inc.
Converge is a leading provider of reverse logistics...
(AVT) Avnet Expands Asian Presence
Avnet, Inc. (AVT) announced that it would acquire certain assets of PT Datamation Purwana Utama and PT Mitra Bisinfo Utama (Datamation) of Indonesia.
Datamation is a value-added IT distributor providing...
(AVT) Avnet Incorporated – Expanding Into Smart Energy and Green Technology
Avnet, Inc. (AVT) recently announced it was merging in an all cash deal with Bell Microproducts as global growth returns to the technology sector. AVT trades at just 12.6x forward earnings.
Company...
(AVT) Avnet Set to Acquire Bell Microproducts
Avnet, Inc. (AVT) has entered a definitive agreement to acquire Bell Microproducts Inc. (BELM) for $7.00 per share, amounting to $252 million....
(GWW) W.W. Grainger Sees Year-Over-Year Growth
W.W. Grainger Inc. (GWW) reported a 12% year-over-year increase in daily sales for January 2010. The current year period had one selling day less compared to January 2009. The company benefited from a 5% positive...