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    AVT   US0538071038

AVNET, INC.

(AVT)
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Delayed Nasdaq  -  04:00 2022-08-17 pm EDT
44.41 USD   -0.65%
08/17INSIDER SELL : Avnet
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08/12AVNET : Annual Report for Fiscal Year Ending --07-02, 2022 (Form 10-K)
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08/12AVNET INC Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
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Avnet Deploying High Performance, Cloud-Based Universal Video Streaming Solutions with Digital Realty

06/14/2022 | 05:46am EDT

Solutions enable video broadcasters and application providers of any size to evaluate, deploy and scale their services immediately and cost-effectively.

Leading global technology solutions provider Avnet (Nasdaq: AVT) and Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, are collaborating to enable customers to virtually and cost-effectively evaluate, deploy and scale hardware for high-performance cloud-based and secure universal video streaming solutions. The initial offering is built on a 3rd Gen AMD EPYC-based server, integrated with Xilinx U30 FPGA* accelerator cards, delivering exceptional performance and flexibility at scale. Additional details will be available at Digital Realty's annual industry conference, MarketplaceLIVE 2022, in New York City, June 14-15, 2022.

Research and Markets estimates that the global video streaming market size will expand at a 21% CAGR through 2028 reaching USD $224B. This exponential growth in video content, combined with the need to securely maintain and stream that content, requires immense computing capabilities. Such capabilities require extensive capital outlay including equipment acquisition, power, space, connectivity, and personnel simply to evaluate solutions let alone to deploy and scale.

By leveraging each other's core competencies, Avnet and Digital Realty provide customers with a means to evaluate cutting-edge hardware virtually and cost-effectively. Additionally, when customers seek to deploy and scale, they may do so under either traditional (CAPEX) or non-traditional (OPEX or subscription) purchasing models where Avnet facilitates a single point of engagement for all transactions.

Growing and established digital content providers will both benefit from virtualizing and outsourcing how they purchase video streaming solutions to support their growing base of live and on-demand video streaming applications. These include:

cable and entertainment companies

health care providers

influencers

military organizations

aerospace companies

educational institutions

financial technology companies

Applications such as entertainment (including sports), distance learning, collaboration, eCommerce, social media-based applications, and more require the unprecedented performance delivered by leading-edge platforms, built around AMD/Xilinx components. The scale required to deliver an excellent and secure user experience demands new consumption models like those offered by Avnet and Digital Realty.

'In our ongoing collaboration with Digital Realty and AMD/Xilinx, Avnet Integrated is transforming how companies evaluate, deploy and scale high-value hardware - productizing OPEX and subscription models which then enable companies to maximize their investment in IP development and customer acquisition,' says Erik West, head of marketing, Avnet Integrated.

'Digital Realty is actively supporting the industry's shift to a data-centric architecture and is evolving its interconnection capabilities with an updated roadmap for PlatformDIGITAL, a first of its kind global data center platform for scaling digital businesses. As we further enhance our partnership with Avnet Integrated, we are enabling enterprises to dramatically accelerate their AI innovation timescales with Xilinx U30 AI-ready data centers,' says Tony Bishop, SVP, Platform, Growth and Marketing, Digital Realty.

'High-performance digital streaming solutions can cost $5-$10K per 1U form factor. Avnet's experience and fiscal magnitude, longstanding partnership with AMD/Xilinx, along with Digital Realty, uniquely positions us to materially transform how these high-value solutions are scaled through acquisition programs like subscription models,' adds Scott Tippin, global director of Supplier Development, Avnet.

For more information on this solution visit www.avnet.com/digitalrealty

An FPGA is a field-programmable gate array that is a programmable device that uses prebuilt logic blocks and programmable routing resources. Systems utilizing FPGAs can be easily reprogrammed and upgraded to meet new system requirements which reduces the cost of long-term maintenance. The Xilinx U30 FPGA accelerator card provides lower cost, single slot, lower power (25W), low-profile and higher density so it uses less real estate & energy.

About MarketplaceLIVE 2022

MarketplaceLIVE is the annual premier technology event hosted by Digital Realty where the complete community of cloud and internet stakeholders comes together to learn, share ideas and gain inspiration in an immersive, global and hybrid environment. This year's event will be held at the Glasshouse in New York City, June 14-15, 2022. This year's hybrid event is a mix of in-person and virtual interaction.

Learn more at: https://marketplacelive.com/

About Avnet Integrated

Avnet Integrated is the integration arm of Avnet Inc. and globally offers comprehensive systems integration, business and service solutions. Collaborating with the industry's premier platform suppliers, Avnet Integrated helps customers optimize capital, accelerate sales and deliver on their brand experience, ultimately accelerating revenue and margin growth. For more information, please visit avnet.com/integrated or follow us on LinkedIn and Twitter.

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for an entire century. We support customers at each stage of a product's lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at avnet.com.

About Digital Realty

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx) solution methodology for scaling digital business and efficiently managing Data Gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with 290+ facilities in 50 metros across 26 countries on six continents. For more information, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

Media Contact

Jeanne Forbis

Avnet

jeanne.forbis@avnet.com

480-643-7499

Alex Jafarzadeh

Brodeur Partners, for Avnet

ajafarzadeh@brodeur.com

617-587-2846

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
AVNET, INC. -0.65% 44.41 Delayed Quote.8.42%
DIGITAL REALTY TRUST, INC. -1.72% 132.21 Delayed Quote.-25.25%
All news about AVNET, INC.
08/17INSIDER SELL : Avnet
MT
08/12AVNET : Annual Report for Fiscal Year Ending --07-02, 2022 (Form 10-K)
PU
08/12AVNET INC Management's Discussion and Analysis of Financial Condition and Results of O..
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08/10AVNET : Fiscal Q4 Earnings Snapshot
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08/10AVNET : Reports Fourth Quarter and Fiscal 2022 Financial Results - Form 8-K
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08/10Avnet Reports Higher Fiscal Q4 Adjusted Profit, Sets Q1 Outlook
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08/10TRANSCRIPT : Avnet, Inc., Q4 2022 Earnings Call, Aug 10, 2022
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08/10Avnet, Inc. Provides Earnings Guidance for the First Quarter of Fiscal Year 2023
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08/10Earnings Flash (AVT) AVNET Reports Q4 EPS $2.07, vs. Street Est of $1.99
MT
08/10Earnings Flash (AVT) AVNET Reports Q4 Revenue $6.37B, vs. Street Est of $6.29B
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Analyst Recommendations on AVNET, INC.
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Financials (USD)
Sales 2023 24 568 M - -
Net income 2023 562 M - -
Net Debt 2023 797 M - -
P/E ratio 2023 7,43x
Yield 2023 2,39%
Capitalization 4 204 M 4 204 M -
EV / Sales 2023 0,20x
EV / Sales 2024 0,20x
Nbr of Employees 15 300
Free-Float 99,1%
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Technical analysis trends AVNET, INC.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 10
Last Close Price 44,41 $
Average target price 47,40 $
Spread / Average Target 6,73%
EPS Revisions
Managers and Directors
Philip R. Gallagher Chief Executive Officer & Director
Thomas Liguori Chief Financial Officer
Rodney C. Adkins Chairman
Max Chan Chief Information Officer
Beth McMullen Global Vice President-Operations
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