same old story, cooked and re-cooked. Worthless stock.
Y
Avnet is down 5.12% to 36.90
L
Today after the close AVT released expected earnings of EPS $1.01 to $1.05 vs .approx. .79 share expected by nine analysts. In addition they beat sales estimates. Sells at ridiculously low price to earnings vs rest of market. 2022 analyst's estimated earnings expected to be $3.62 . Stock is under $40. Book value is $39.58!!!!!! Founded in 1921 it has a good balance sheet and is completely overlooked.
U
Meet revenue expectations and exceeded EPS consensus.... still down 4%. WHY?
Z
Chuck Delph gone at the end of the month. Choosing to leave, what does that say about the future?
M
always underperforming. The day after they announce records numbers, we go red two consecutive days. Oh well. That is what this stock does. Stuck to $30/$40 for generations
m
Time for a long overdue fresh start at Avnet.
M
TI is a big loss, but they already had their own direct distribution system. Makes sense they would cut out Avnet. I do not see many other manufacturers with that capability allowing them to pull out of Avnets distribution. One large exception is Microchip, but their acquisitions will likely take more time to integrate before they can fully switch to their own direct distribution.
J
Upgraded to Buy at Longbow. Price Target $50.
R
Looking for continued climb to $45+ close
K
Both Avnet and Arrow are done.
K
How does ARW go up and AVT go down in the same day? Same business, same model.
i
best move ever getting rid of amelio ... they back door ti sales and adi through newark so they never really lost the access
C
great report- great numbers. unexpected.
A
Avnet is slow to the punch. They are the twin of blockbuster video. Until they scale down the company's waste of resources and commit to a bigger and better online sales presence they will not bank anything worth screaming about. Leadership changes killed Avnet's possibilities along with the toxic workplace environment. From Roy Vallee, to Rick Hamada you could see the decline coming. Phil Gallagher should have been Roy Vallee's replacement when he retired.
C
Risk/reward warrants a stake at current levels. Trading at ridiculously low multiples across the board. It won’t be hard for co. to double it’s bottom line into next year as Co has a ridiculous amount of operating leverage. Demand remains high and management just raised guidance.
Y
Avnet is down 4.99% to 35.82
J
Beat on earnings and guidance. Numbers are not very spectacular, actually, but they should carry this stock to $50, esp. taking into account general market environment.
W
Any news that made this stock hot today?
K
Watched the CEO discuss Avnet strategy with Susie Gharib of Fortune. It looks like they have invested heavily in servicing start-up companies with technical products. He indicates that assistance bonds customer to the technical services and the ultimately the production supply chain they can provide. It's a bold move to dedicate that much resource to a customer base that currently provides no revenue. If successful it will certainly differentiate Avnet from the traditional distributor.
I do not see many other manufacturers with that capability allowing them to pull out of Avnets distribution. One large exception is Microchip, but their acquisitions will likely take more time to integrate before they can fully switch to their own direct distribution.