68.83 0.00 (0.00%)
After hours: 4:42PM EDT
|Bid||68.87 x 1300|
|Ask||68.89 x 1400|
|Day's Range||67.82 - 69.29|
|52 Week Range||62.35 - 86.62|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||8.41|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||73.50|
Arrow Electronics, Inc. (ARW) received the 2019 Indirect Provider of the Year Award from Microsoft (MSFT), demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. Award finalists and winners were selected from more than 2,900 nominations collected from 115 different countries worldwide based on their commitment to customers, their solution's impact on the market, and exemplary use of Microsoft technologies. The award was presented during Microsoft Inspire in Las Vegas.
The Centennial, Colorado-based company, which works in technology services and asset disposition, told the state it will close its facility at 1120 Morrison Road in Gahanna, which is one of its sites for personal computer and other technology disposition.
Arrow Electronics, Inc. announced that the company will host a conference call to discuss second-quarter 2019 financial results on Aug. 1, 2019, at 1:00 PM ET.
Arrow Electronics (ARW) today announced that it has launched the Smart Occupancy and Floor Space Monitoring Solution, an innovative IoT Smart Buildings solution co-created with Rigado and Iconics. Based on an Arrow-designed and sourced set of IoT sensors, gateways and software, the Rigado Cascade and Iconics Visualization Solution is a secure and managed edge intelligence solution with analytics dashboards for a wide range of smart building applications.
Shares of Arrow Electronics Inc. fell more than 6% in the extended session Monday after the electronic components distributor warned about lower second-quarter adjusted earnings and said it was winding down one of its businesses, pinning it on "deteriorating demand conditions." Arrow said it expects second-quarter sales of about $7.3 billion, and a loss in the range of $6.35 a share and $6.23 a share for the quarter. Adjusted for one-time items, Arrow sees it reporting per-share earnings between $1.50 to $1.62 a share. Analysts polled by FactSet had expected adjusted EPS of $1.95 on sales of $7.6 billion for the quarter. The company is scheduled to report on Aug. 1. "While we are disappointed that our anticipated results for the second quarter are lower than we had initially expected due to deteriorating demand conditions in the global components business, we remain confident in our long-term strategy and our ability to generate strong cash flow," Chief Executive Michael J. Long said in a statement. Arrow's personal computer and mobility asset disposition business will close, allowing the company to focus on "next generation" technologies such as artificial intelligence, smart cities and vehicles, Arrow said. The company also embarked on a cost-cutting program it hopes will save about $130 million in annualized savings.
Arrow Electronics, Inc. (ARW) today reported selected preliminary results for its second fiscal quarter ending June 29, 2019, and announced a planned wind-down of the company’s personal computer and mobility asset disposition business. The company expects to provide full second-quarter results, and guidance for the third quarter of 2019 on August 1, 2019. “While we are disappointed that our anticipated results for the second quarter are lower than we had initially expected due to deteriorating demand conditions in the global components business, we remain confident in our long-term strategy and our ability to generate strong cash flow,” said Michael J. Long, chairman, president and chief executive officer.
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Arrow Electronics, Inc. announced that Lily Yan Hughes has been named senior vice president and chief legal officer.
It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more […]
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Arrow Electronics is a founding sponsor of Women in Electronics, a new nonprofit created to support women in the electronics industry. The organization expands leadership skills, accelerates personal and professional development and builds strategic networks to advance inclusion among electronics employers.
Arrow Electronics (ARW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Technology solutions provider Arrow Electronics (ARW) has announced a global agreement with Infineon and Arkessa that will further extend Arrow’s ability to support customers with cellular communications for the Internet of Things (IoT). Security remains one of the top concerns for organizations for connected devices. Infineon provides the secured hardware controllers based on GSMA’s Embedded Subscriber Identity Module (eSIM) specification that underpin the new service.
Arrow Electronics, Inc. announced that Chris Stansbury, senior vice president and chief financial officer, will present at the Bank of America Merrill Lynch 2019 Global Technology Conference at the Ritz-Carlton Hotel in San Francisco, Calif.
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Arrow...
Want to be featured in our weekly Deals & Dealmakers column? Email your top sales, leases and refinances from the past week or so to firstname.lastname@example.org. The lead: After more than 15 years of ownership, a New York real estate investment firm has sold off the Arrow Electronics headquarters building in Centennial.
Narrowing margins and foreign exchange headwinds affect Arrow's (ARW) first-quarter results. However, higher sales across both segments are positives.
Arrow Electronics Inc NYSE:ARWView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for ARW with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ARW. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.22 billion over the last one-month into ETFs that hold ARW are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. ARW credit default swap spreads are rising towards above average levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Arrow Electronics, Inc. and nonprofit We Care Solar won the 2019 Edison Award for Social Innovation for its joint development of Solar Suitcase 3.0, a portable and durable power system that provides sustainable energy for around-the-clock, effective obstetric care in remote and off-grid maternal health facilities around the world.
Arrow Electronics (NYSE: ARW) grew its revenue and beat analyst expectations significantly, but missed on earnings for the first quarter. The Centennial-based company had earnings per share of $1.63 with net income of $141 million, compared to net income of $139 million (or $1.56 per share) for the same period of 2018. Excluding certain items, net income would have been $158 million, or $1.84.