Tech Data Corporation (NASDAQ:TECD) spotted trading -23.97% off 52-week high price. On the other end, the stock has been noted 23.38% away from the low price over the last 52-weeks. The stock changed -1.22% to recent value of $82.58. The stock transacted 612944 shares during most recent day however it has an average volume of 510.76K shares. The company has 37.79M of outstanding shares and 36.53M shares were floated in the market.
Tech Data (NASDAQ:TECD) declared an expanded channel partnership with Aruba, a Hewlett Packard Enterprise company, to deliver next-generation enterprise networking solutions to the Brazilian market. Already available through Tech Data in the U.S. and select countries in Europe and Asia Pacific, Tech Data will now offer Aruba’s wide array of network access options in Brazil.
Carla Carvalho, managing director, at Tech Data in Brazil said “Our solution-based, value-added distribution approach enhances Aruba’s portfolio, particularly in the finance, education, healthcare, hospitality and retail segments”. “For these verticals, Aruba has specific solutions with data security, policy control and mobility management features for workgroups and others.”
Under this agreement, Tech Data will sell and support Aruba’s entire portfolio of network access solutions including controller-based WLAN, cloud-managed Wi-Fi, security and location services in Brazil. Tech Data will also offer its Aruba channel partner affiliates a broad set of sales and technical support opportunities for business generation, financial services and training resources.
Arlindo Silva, distribution business manager at Aruba, a Hewlett Packard Enterprise company, Brazil said “This expanded relationship with Tech Data is strategic to our growth in the Brazilian market”. “It gives us access to a select partner community across the country while also providing additional expertise to sell integrated solutions with greater value for customers focusing in IoT, Security and Mobility markets.”
Tech Data partners in Latin America benefit from a world-class, end-to-end portfolio that helps their clients in the implementation of IT solutions that serve the increasing need for mobility, access to cloud-based applications, and projects within the internet of things (IoT) space—a market that is expected to move around $8 billion in business in Brazil this year, according to IDC.”
Its earnings per share (EPS) expected to touch remained 0.80% for this year while earning per share for the next 5-years is expected to reach at 12.85%. TECD has a gross margin of 5.90% and an operating margin of 1.30% while its profit margin remained 0.60% for the last 12 months.
According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.66% from the mean of 20 days, 9.71% from mean of 50 days SMA and performed 2.31% from mean of 200 days price. Company’s performance for the week was -4.60%, 13.31% for month and YTD performance remained -15.71%.
Category – Business
After many years in the market, Charles Frey dedicated all his time to write articles highlighting different financial problems. He has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years.
Charles holds a postgraduate degree in Software Engineering. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Charles is a share market expert, being personally invested for over 6 years. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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