On Wednesday, SYNNEX Corporation (NYSE:SNX) closed at $110.95 with trading volume of 47,599.00 shares. The company fell -1.28% with market capitalization of 4.43B. During the year the lowest point at which share traded is $77.54 and hit the highest point at $129.24.
SYNNEX Corporation (NYSE: SNX), a leading Technology Solutions distributor, declared today that it has strengthened its comprehensive networking offerings by adding the Brocade Ruckus ICX campus switches. The expanded capabilities are available through SYNNEX’s CONVERGESolv Advanced Technologies support platform, created to assist resellers advance technologies that support third-platform infrastructures and deployment. The addition of Brocade Ruckus ICX products and the Ruckus Wireless portfolio makes SYNNEX even better positioned to support resellers who are assisting to bring their end users into the new era of IT.
This expansion of the SYNNEX line card to include Brocade, a pioneering data center networking vendor, builds on an existing relationship with Ruckus Wireless, now a business unit of Brocade. Strengthened by unique services from its CONVERGESolv Advanced Technologies support team, SYNNEX’s excellence in providing value-add features for the Ruckus Wireless line that reduce time-to-market and increase profitability opportunities earned the company Ruckus Wireless Distributor of the Year awards for 2014 and 2015. Now both the Brocade Ruckus ICX campus switches and Ruckus Wireless offerings are available through SYNNEX, providing a robust portfolio of wired and wireless networking solutions.
“SYNNEX is pleased to offer our customers a complete wired and wireless networking solution to become and remain competitive in an ever more integrated technology landscape,” said Peter Larocque, President, North American Technology Solutions, SYNNEX Corporation. “Brocade’s innovative networking portfolio further enhances the broad range of options available through our CONVERGESolv solutions platform.”
The CONVERGESolv Advanced Technologies support team and community assist resellers learn, develop, and enhance their knowledge of next-generation solutions to achieve competitive advantage in an evolving ecosystem. Resellers who access Brocade through SYNNEX benefit from tools counting:
- Complimentary predictive wireless surveys
- Complimentary network and security assessments to drive customer awareness and sales by identifying and providing consultation on vulnerabilities
- Managed services capabilities that cover both networking and security
- Nationwide onsite installation and deployment services
- Complimentary presales support and consultation services
- Interactive networking and security playbooks
- Free Web classes and trainings through Advanced Technologies Partner Community (ATPC) University
- Aggressive discounts on CISSP, Security+, and CASP certification courses and tests.
Technical Analysis:
The Company has price-to-cash ratio of 0.32 and EPS ratio of 5.88. The company net profit margin is 1.70% and gross profit margin is 9.10%. The stock has shown quarterly performance of -8.19% and a half-year performance stands at 6.31%. The stock price is moving down from its 20 days moving average with -5.19% and isolated negatively from 50 days moving average with -6.17%.
Analyst recommendation for this stock stands at 3.00.