Top Stock Picks for April 8, 2019
SYNNEX Corporation SNX, is a business process services company. SNX is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 8.54 right now. For comparison, its industry sports an average P/E of 21.11. SNX's Forward P/E has been as high as 10.87 and as low as 6.31, with a median of 8.44, all within the past year. Our latest available data shows that SNX has returned double digits since the start of the calendar year. SYNNEX is performing better than its sector in terms of year-to-date returns.
Carbonite Inc. CARB, is a computer service company. It hails from a top-ranked Zacks industry (top 11%). CARB will be looking to display strength as it nears its next earnings release. Our most recent consensus estimate is calling for quarterly revenue to be up double digits from the year-ago period. Any recent changes to analyst estimates for CARB should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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