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TD SYNNEX (SNX) Unveils Click-to-Run Virtual Desktop Solution

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TD SYNNEX SNX recently introduced a managed virtual desktop as a service solution Click-to-Run, leveraging Microsoft’s MSFT Azure Virtual Desktop (AVD). The new solution, built for remote businesses, ensures a simple, secure and productive personal computing experience with flexibility, scalability and cost efficiency.

The Click-to-Run solution comes with a standalone feature, which requires a quick AVD environment for partners already giving managed services, and a managed feature that also requires the same fast AVD setup, offering a comprehensive 24x7 support and management.

The newly-added managed feature of TD SYNNEX’s Click-to-Run solution performs monitoring and backup to restore support, and efficiently and automatically-managed environments through email, phone and chat. The advanced feature identifies and completes the required backup of recurring tasks on AVD. It has white-labeled service options like implementation, onboarding, resource monitoring, remediation and patch management services. The feature is globally available on the StreamOne platform. The fully-managed solution can be accessed on any device from anywhere, thereby reducing the set-up time for the business partners.

TD SYNNEX Corp. Price and Consensus

TD SYNNEX Corp. Price and Consensus
TD SYNNEX Corp. Price and Consensus

TD SYNNEX Corp. price-consensus-chart | TD SYNNEX Corp. Quote

TD SYNNEX’s new virtual desktop solution with Microsoft’s Azure will not only enable the customers to virtually access their work applications from any location but also offer a new strategy to boost their revenue streaming while enhancing their portfolio.

TD SYNNEX has been benefiting from consecutive deal wins since its formation, following the merger of SYNNEX and Tech Data Corporation in the first week of September 2021.

In January, 2022, TD SYNNEX announced a new strategic collaboration agreement with Amazon Web Services, Inc. Through a separate deal, SNX partnered with MicroStrategy, an enterprise analytics platform that delivers modern, consumer-grade experiences for every role on every device for the North American region.

In December 2021, TD SYNNEX’s wholly-owned subsidiary Tech Data India announced a partnership with Zscaler to enable its partners to purchase security solutions and services as part of the Zscaler Zero Trust Exchange platform directly from Tech Data India.

Previously in October, TD SYNNEX’s legacy company Tech Data collaborated with Hewlett Packard Enterprise in the Asia Pacific to grow its distribution of HPE GreenLake cloud services in the region, enabling partners to access a robust set of cloud services that help customers tackle their most challenging business outcomes.

In the same month, TD SYNNEX’s legacy company Tech Data signed a distributor agreement with Freshworks Inc. to make latter’s suite of products for business solutions available in the India region.

TD SYNNEX is committed to boost its organic growth profile with more strategic acquisitions and deal wins that complement and expand its existing capabilities. The merger of TD SYNNEX with Tech Data is expected to be significantly accretive to SNX’s bottom line. The deal is anticipated to contribute solid synergy benefits to SNX’s top line in the near term.

Zacks Rank & Other Key Picks

TD SYNNEX currently carries a Zacks Rank #2 (Buy) while Microsoft carries a Zacks Rank #4 (Sell). Shares of SNX have fallen 17.7%, while MSFT have risen 19% in the past year.

Some other top-ranked stocks from the broader computer and technology sector are ON Semiconductor ON, sporting a Zacks Rank #1 (Strong Buy), and Axcelis Technologies ACLS, carrying a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for ON Semiconductor’s first-quarter 2022 earnings has been revised 22 cents upward to $1.04 per share over the past 60 days. For 2022, earnings estimates have moved 26.8% north to $4.16 per share in the past 60 days.

ON Semiconductor's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average being 16.3%. Shares of ON have rallied 25.7% in the past year.

The Zacks Consensus Estimate for Axcelis' first-quarter 2022 earnings has been revised 5 cents upward to 92 cents per share over the past 60 days. For 2022, Axcelis' earnings estimates have moved 12.4% north to $3.99 per share in the past 60 days.

Axcelis' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average being 30.3%. Shares of ACLS have surged 35.1% in the past year.


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Microsoft Corporation (MSFT) : Free Stock Analysis Report

TD SYNNEX Corp. (SNX) : Free Stock Analysis Report

Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report

ON Semiconductor Corporation (ON) : Free Stock Analysis Report

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