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SYNNEX (SNX) Catches Eye: Stock Jumps 8%

Zacks Equity Research

SYNNEX Corporation SNX was a big mover last session, as the company saw its shares rise 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $86.71 to $95.32 in the past one-month time frame.

The move came after the company reported better-than-expected second-quarter fiscal 2019 results.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for SYNNEX. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

SYNNEX currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.  

SYNNEX Corporation Price

SYNNEX Corporation Price

SYNNEX Corporation price | SYNNEX Corporation Quote

Another stock worth considering in the Business - Software Services industry is RealPage, Inc. RP which carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is SNX going up? Or down? Predict to see what others think: Up or Down

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