|Bid||136.66 x 800|
|Ask||137.00 x 2200|
|Day's Range||136.42 - 137.42|
|52 Week Range||80.20 - 151.47|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||13.30|
|Earnings Date||May 27, 2020 - May 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||146.67|
DLT Solutions, LLC., a wholly owned subsidiary of Tech Data (Nasdaq: TECD) and a premier government technology solutions aggregator, today announced that Chris Wilkinson has been named president. In this role, Wilkinson will lead DLT and Tech Data's combined public sector strategy and oversee DLT's day-to-day operations.
Tech Data (TECD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
DLT Solutions, LLC., a wholly owned subsidiary of Tech Data (Nasdaq: TECD) and a premier government technology solutions aggregator, has expanded the availability of Oracle Cloud services and hardware for easy, government-wide acquisition through its General Services Administration (GSA) Information Technology (IT) Schedule 70 contract. DLT Solutions is a Platinum member of Oracle PartnerNetwork (OPN).
Tech Data (Nasdaq: TECD) today announced that its Digital Cloud Practice Builder and IoT and Analytics Practice Builder Roadshow both received a 5-Star rating from CRN®, a brand of The Channel Company, in its 2020 Partner Program Guide – an annual listing of the most rewarding partner programs from technology companies that provide products and services through the IT channel. The 5-Star rating is awarded to an elite group of businesses that deliver best-in-class partner programs for solution partners.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Tech Data (Nasdaq: TECD) today announced it disagrees with and will be appealing the findings and legal reasoning of the French Competition Authority (FCA) in its decision against Tech Data. The case concerns the FCA’s antitrust investigation regarding the distribution of Apple products (excluding the iPhone) in France between 2005 and 2013.
When a software company began to hear of the pandemic sweeping across Asia and Europe, officials started having small groups test working from home.
Its economic impact now has investors doubting whether many companies who shook on mergers and acquisitions will see them completed. Traders and fund managers say the spread between agreed deal prices and subsequent trading in the stock of the acquisition targets is the widest they have come across. "I have been doing this for 25 years, and I have never seen panic like this coming out of merger arbitrage spreads," said Roy Behren, managing member of Westchester Capital Management, which has $4.1 billion in assets under management, most of it invested in merger arbitrage.
Tampa Bay's largest public company has been fined over $80 million in a French antitrust case with ties to Apple. Clearwater-based Tech Data (NASDAQ: TECD) has been sanctioned $83.5 million, after allegedly agreeing to a non compete clause with Apple and another U.S. company. According to the French Competition Authority on Monday, Apple and California-based Ingram Micro distributed Apple products, excluding iPhones, from 2005 to 2013 with the agreement to prevent competition between the two distributors.
(Bloomberg Opinion) -- The temptation with antitrust cases – especially involving a company as high-profile as Apple Inc. – is to identify an ulterior motive. Why have the authorities attacked this particular target? Why is the fine so big? Surely there’s a hidden agenda at work, with broader implications.Sometimes, though, it’s as simple as a firm breaking the rules and getting caught. France’s antitrust regulator fined Apple 1.1 billion euros ($1.2 billion) on Monday for conspiring with two distributors to stifle competition and impose unfair conditions on third-party vendors, or "resellers", of products such as the Mac and iPad. The figure is a French record.France is building a reputation as the European nation most willing to tackle big tech. It fined Alphabet Inc unit Google 150 million euros in December for its advertising practices. It's also investigating Facebook Inc on a separate issue.Apple is to appeal. But it’s hard to argue that the company didn’t get what it deserved. Monday’s decision found that, between 2005 and 2013, the tech group divvied up the supply of its 2,000 French resellers between two distributors: Ingram Micro (subsequently acquired by China’s HNA Group) and Tech Data Corp. It then rationed what they could deliver to each reseller, imposing strict limitations on when the stores could offer discounts and promotions.To retain a “premium reseller” distinction, the shops had to ensure that Apple products represented 70% of their sales. Yet they often found they didn’t receive new products as promptly as Apple’s own retail stores or other big retailers. If they broke any of Apple’s conditions, they risked being cut off.So the resellers found themselves on an unlevel playing field. They were told they must mostly sell Apple products. Yet they couldn’t depend on getting plentiful supply. These resellers are small companies with a handful of outlets. They could hardly stand up to the might of Apple, even if it hadn’t then become the world’s largest company.It’s not hard to see why Apple might have ended up on this path. The retail experience has been one element of the firm's revival. Under Steve Jobs’s then leadership, and with current Chief Executive Officer Tim Cook as chief operating officer, Apple tightened control over its retail operations and the way its products were presented. It spent much of the first 15 years of its renaissance building out its own stores and pulling its products from a stack of big-name retailers.This worked. Apple built one of the world’s most envious retail operations. Meanwhile, premium resellers became a good way of picking up the slack when demand outstripped Apple’s ability to meet it from its own locations. But in France, at least, those resellers seemed to be doing little more than picking up the scraps.Apple, like any luxury brand, has an understandable interest in demanding certain standards of its partners. But it should do so fairly. Here, it broke the rules. With $90 billion of net cash, a fine of anything less than a billion euros would risk being too easily absorbed. Does the sum look like political showboating? Sure, but that oughtn’t make it any less valid.To contact the author of this story: Alex Webb at firstname.lastname@example.orgTo contact the editor responsible for this story: Chris Hughes at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The French Competition Authority, the Autorité de la Concurrence, has fined (AAPL) 1.1 billion euros ($1.2 billion) over anticompetitive behavior regarding the distribution of its products. Apple (ticker: AAPL) and other large tech companies have been subject to increasing regulatory scrutiny on multiple fronts, including the way Apple distributes mobile applications through the App Store. It has much deeper roots—Monday’s decision stems from a seven-year-long investigation of the way Apple distributed its non-iPhone products in France in the period 2005 to 2013.
Tech Data's (TECD) fourth-quarter fiscal 2020 marked the sixth straight quarter of earnings beat. Management is on track to complete the merger deal with Tiger Midco.
Tech Data (TECD) delivered earnings and revenue surprises of 1.88% and 0.34%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Tech Data (NASDAQ: TECD) (the "Company") today announced its financial results for the fourth quarter and fiscal year ended January 31, 2020.
Tampa Bay technology leaders are feeling the effects of coronavirus. Jabil Inc. and Tech Data Corp., two of the region's technology leaders and among Tampa Bay's largest public companies, have seen drops in their stock and are amping up precautions to address COVID-19, otherwise known as coronavirus. "Tech Data continues to monitor the coronavirus disease developments with a primary focus on ensuring the health and safety of our colleagues while mitigating business impacts for our channel partners," Bobby Eagle, Tech Data's director of external communications, said in an email to the Tampa Bay Business Journal.
(AFCEA WEST Conference 2020) – Parasoft, an automated software testing solutions leader, announced today its participation in the Secure Software Factory (SSF) from DLT Solutions, LLC., a wholly owned subsidiary of Tech Data (Nasdaq: TECD) and a premier government technology solutions aggregator. Parasoft and DLT Solutions have a common goal to ensure that Government customers' software systems, whether citizen-facing or agency-internal, are developed and delivered with security, quality and on time, right from the start. Parasoft will be showcasing its solutions in the DLT booth 1821 at AFCEA WEST 2020, San Diego, Ca.
Tech Data (TECD) 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.
DLT Solutions, LLC., a wholly owned subsidiary of Tech Data (Nasdaq: TECD) and a premier government technology solutions aggregator, has launched the Secure Software Factory (SSF), a framework that provides the U.S. public sector with consistent development and deployment of high-quality, scalable, resilient and secure software throughout an application's lifecycle.
Cyberinc, a pioneer in isolation-based cybersecurity solutions, today announced an agreement with Tech Data (Nasdaq: TECD), a leading global distributor of IT products, services and solutions, to bring the company's innovative Zero Trust-based Isla Isolation Platform to Tech Data's network of channel partners in the United States. The agreement with Tech Data will enable more resellers to offer protection against web, email and document-based threats to their customers.