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TD SYNNEX CORPORATION

(SNX)
  Report
Delayed Nyse  -  04:00 2022-10-03 pm EDT
83.93 USD   +3.37%
09/28Barrington Research Lowers TD SYNNEX's Price Target to $98 From $106, Maintains Outperform Rating
MT
09/28JPMorgan Lowers TD SYNNEX's Price Target to $114 From $119, Maintains Overweight Rating
MT
09/28Raymond James Adjusts Price Target on TD SYNNEX to $140 From $175, Keeps Strong Buy Rating
MT
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TECH DATA LAUNCHES QUICK QUOTE CALCULATOR FOR EQUIPMENT TRADE-INS; Indicative quotes can be generated in seconds with used products going back into circular economy to be refurbished or recycled

08/03/2022 | 05:59am EDT

Basingstoke -- Tech Data (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=4d66d16b8c&e=244bc0ef58) , a TD SYNNEX (NYSE: SNX) company, has launched a Quick Quote Trade-in calculator, giving partners a fast and easy way to generate instant indicative quotes for customers on the potential value of used or end-of-life equipment. The tool is available to partners on Tech Data's InTouch e-commerce platform.

The only information needed to generate a trade-in quote is the name of the device and memory capacity. This will provide an indicative offer almost immediately. As well as making new purchases more attractive and affordable, encouraging customers to trade-in devices helps with sustainability. All traded-in devices are either recycled or refurbished, and data is securely wiped, so nothing goes to waste and customers are fully protected.

Mark Glasspool, services director, UK and Ireland, Tech Data, said: Our trade-in services are really popular and growing fast and the Quick Quote Trade-in calculator makes it an even easier and more attractive option. You can get an indicative quote in seconds, which is ideal if you are having a live conversation with a customer or need to build an outline quote as quickly as you can.

It also sends a positive message on sustainability, he noted. As well as saving money, everyone wants to reduce our impact on the planet. Partners are already giving customers value on their aged and unused devices and knowing that their old devices will go back into the circular economy and have a second life or be ethically and properly recycled is an additional and very attractive bonus.

There is no minimum quantity for trade-ins and following the initial quote and it is a straightforward process to get the quote confirmed. The trade-in calculator button appears in both the product search and on the product description page of Tech Data's InTouch e-commerce system.

Tech Data already trades in around 6,000 devices every month and while many of these devices are smartphones, we also offer recycling and refurbishment options for all kinds of mobile devices, desktop PCs and peripherals, and for servers and storage equipment. All components and materials are disposed of safely and securely to recognised environmental standards. All our partners have ISO 9001/14001/27001 certification.

Last year (to end November 2021) through its our recycling, refurbishment and resell activities, Tech Data estimates that its activities avoided the equivalent of 33 tonnes of ferrous materials going to landfill (internally calculated). However, numbers were suppressed by COVID-19 and Brexit and this year the figure is expected to more than double.

Picture: Mark Glasspool, Tech Data.

https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=5f036862cd&e=244bc0ef58

--- ENDS ---

About Tech Data

Tech Data is a TD SYNNEX company. TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. Were an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX 22,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem.

For more information, visit www.TDSYNNEX.com or follow us on

Twitter (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=9fd9dd9d11&e=244bc0ef58) ,

LinkedIn (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=73d9132ef4&e=244bc0ef58) ,

Facebook (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=1e1dc68315&e=244bc0ef58) and

Instagram (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=344c8aeacf&e=244bc0ef58) .

** For further information contact:

Linda Patterson Group Marketing Director Tech Data UK Tel: 01256 864611 Mob: 07801 925345 Email: linda.patterson@techdata.com (mailto:linda.patterson@techdata.com)

Neville Street Channelstar Media T: 01743 246917 M: 07967 717259 E: nev@channelstar.co.uk (mailto:nev@stellasix.com)

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2022 61 914 M - -
Net income 2022 597 M - -
Net Debt 2022 3 101 M - -
P/E ratio 2022 13,1x
Yield 2022 1,43%
Capitalization 7 970 M 7 970 M -
EV / Sales 2022 0,18x
EV / Sales 2023 0,16x
Nbr of Employees 22 000
Free-Float 85,0%
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Mean consensus BUY
Number of Analysts 9
Last Close Price 83,93 $
Average target price 129,00 $
Spread / Average Target 53,7%
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Managers and Directors
Richard T. Hume President, Chief Executive Officer & Director
Marshall W. Witt Chief Financial Officer
Dennis Polk Executive Chairman
Bo Li Senior Vice President-Information Technology
Bonnie K. Smith Chief Information Officer
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