AVT - Avnet, Inc.
| Previous Close | 44.09 |
| Open | 43.64 |
| Bid | 43.28 x 1200 |
| Ask | 43.31 x 800 |
| Day's Range | 43.23 - 44.08 |
| 52 Week Range | 33.55 - 49.03 |
| Volume | 606,606 |
| Avg. Volume | 728,504 |
| Market Cap | 4.418B |
| Beta (3Y Monthly) | 1.63 |
| PE Ratio (TTM) | 27.13 |
| EPS (TTM) | 1.60 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 0.84 (1.94%) |
| Ex-Dividend Date | 2019-09-10 |
| 1y Target Est | 43.13 |
- Zacks
Avnet (AVT) Eyes IoT Expansion With Acquisition of Witekio
The buyout of Witekio is likely to add more capabilities in embedded software, edge computing and security to Avnet's (AVT) IoT business.
- American City Business Journals
Avnet acquires French tech company to expand 'Internet of Things' business
While Phoenix-based Avnet has made over 100 acquisitions in its over 95-year history, it has spent the past several years acquiring five companies to build out its ecosystem capability.
- Business Wire
Avnet to Acquire Witekio, Enhancing End-to-End IoT Strategy with Deep Embedded Software Expertise
Leading global technology solutions provider Avnet (Nasdaq: AVT) has signed an agreement to acquire Witekio (formerly known as Adeneo Embedded). Witekio is a privately held company with expertise in software and embedded systems that helps developers overcome the technical challenges and complexity of developing Internet of Things (IoT) solutions. Today’s announcement furthers Avnet’s end-to-end IoT strategy by adding more capabilities and expertise in embedded software, edge computing and security, specifically from hardware to the cloud.
- Zacks
Avnet & Trusted Objects to Offer Comprehensive IoT Solutions
Avnet (AVT) partners with Trusted Objects to ensure faster time to market, cost reduction and better security for developers seeking to secure IoT deployments in cloud, middleware and on-device.
- Business Wire
Avnet and Trusted Objects Form Strategic Alliance to Secure Industrial IoT
Leading global technology solutions provider Avnet (Nasdaq: AVT) has entered into a strategic alliance with Trusted Objects, a software company specializing in the Internet of Things (IoT) security, to bring to market a scalable end-to-end security solution for low-power IoT devices. The relationship provides IoT customers with the ability to comprehensively secure their devices while speeding time to market, reducing costs and managing complexity. “With Trusted Objects, we are able to more flexibly design secure IoT solutions that match our customers’ needs and, ultimately, their unique business cases,” said Lou Lutostanski, vice president of Internet of Things, Avnet.
- Zacks
Why Is Avnet (AVT) Up 2.1% Since Last Earnings Report?
Avnet (AVT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Simply Wall St.
Avnet, Inc. (NASDAQ:AVT) Pays A 0.5% In Just 4
Readers hoping to buy Avnet, Inc. (NASDAQ:AVT) for its dividend will need to make their move shortly, as the stock is...
- Business Wire
Avnet Accelerates Wireless Design with New RFSoC Development Kit
Integrated kit harnesses the Xilinx Zynq UltraScale+ RFSoC and MATLAB to provide a seamless, easy-to-use platform for developing best-in-class wireless solutions
- Business Wire
Avnet to Participate in Citibank and Deutsche Bank Conferences in September
Avnet , a leading global technology solutions provider, today announced that the Company will participate in the following upcoming investor conferences in September:
- Simply Wall St.
Calculating The Fair Value Of Avnet, Inc. (NASDAQ:AVT)
Does the August share price for Avnet, Inc. (NASDAQ:AVT) reflect what it's really worth? Today, we will estimate the...
- Zacks
What Makes Avnet (AVT) a Strong Sell?
Avnet (AVT) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
- Business Wire
Avnet Distribution Center Becomes One of the Largest Authorized Foreign-Trade Zones in Arizona
Leading global technology solutions provider Avnet (Nasdaq: AVT) has secured Foreign-Trade Zone authorization from the United States Bureau of Customs and Border Protection (CBP) for its McKemy Distribution Center in Chandler, Ariz. The designation reduces tariff recovery fees for its international customers as well as for domestic customers shipping abroad. Foreign-Trade Zone authorization also increases the company’s global logistics efficiency and improves its cash flow.
- American City Business Journals
Avnet could save millions of dollars with Valley foreign trade zone status
It's the first FTZ designation for Avnet and is at the company’s largest warehouse in the Americas, located in the East Valley. Meanwhile, two startup vehicle manufacturers are applying for FTZ status in Pinal County.
- MarketWatch
Avnet boosts dividend, share buyback program
Avnet Inc. said Monday it was increasing its dividend by 5% and adding $500 million to its stock repurchase program. The electronic components company's new quarterly dividend of 21 cents a share, up from 20 cents a share, will be payable Sept. 25 to shareholders of record on Sept. 11. Based on Friday's stock closing price of $40.99, the new annual dividend rate implies a dividend yield of 2.05%, compared with the implied yield for the S&P 500 of 2.02%. The company said it now has $675 million available to buy back stock, which based on Friday's closing prices would represent about 16% of the shares outstanding. The stock has lost 5.5% over the past three months, while the S&P 500 has gained 1.0%.
- Business Wire
Avnet Expands Share Repurchase Authorization by $500M; Increases Dividend by 5% to $.21 per Share; and Announces Annual Shareholder Meeting
Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on August 14, 2019, its Board of Directors approved an increase in Avnet’s current share repurchase authorization by $500 million. Avnet now has $675 million available for share repurchases when combined with prior authorizations. In addition, Avnet’s Board of Directors approved a 5% increase in the quarterly cash dividend to $.21 per share.
- Thomson Reuters StreetEvents
Edited Transcript of AVT earnings conference call or presentation 8-Aug-19 8:30pm GMT
Q4 2019 Avnet Inc Earnings Call
- Zacks
New Strong Sell Stocks for August 13th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- American City Business Journals
Avnet Q4 sales decline amid global economic uncertainty
Leeds, England-based Premier Farnell, Avnet’s largest acquisition to date, saw its business hit hard by market declines during the latest period amid concerns over Brexit and the China-U.S. trade war.
- Zacks
Avnet's (AVT) Q4 Earnings Lag Estimates, Revenues Down Y/Y
Weakness in the components industry due to macroeconomic headwinds affects Avnet's (AVT) fiscal fourth-quarter results. However, cost saving efforts are a positive.
- GuruFocus.com
2 Stocks Decline Friday
Avnet, DXC Technology fall on quarterly results Continue reading...
Motley FoolAvnet (AVT) Q4 2019 Earnings Call Transcript
AVT earnings call for the period ending June 30, 2019.
- Business Wire
Avnet Reports Fourth Quarter and Fiscal 2019 Financial Results
Quarterly sales of $4.7 billion within guidance despite macroeconomic headwinds and tariffs
- Zacks
Avnet (AVT) Reports Next Week: Wall Street Expects Earnings Growth
Avnet (AVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
Read This Before Judging Avnet, Inc.'s (NASDAQ:AVT) ROE
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
