Tech Data Corporation stock price

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  • 09/22/2017 13:52:51

    Record number of S&P 500 companies have issued upbeat revenue guidance

    The beginning of third-quarter earnings reporting season is still a few weeks away, but a record number of companies have already provided revenue guidance that was above expectations, according to Senior Earnings Analyst John Butters at FactSet. FactSet has been tracking guidance since 2006. Overall, 54 companies have issued positive revenue guidance, which is more than double the five-year average of 25, and above the first-quarter 2011 record of 45, Butters said. Over half (30) of the positive revenue guidance comes for the information technology sector, followed by 11 from the consumer discretionary sector and eight from health care, FactSet data shows. Since the end of the second quarter, the SPDR Technology Select Sector ETF has climbed 7.0%, the SPDR Consumer Discretionary Select Sector ETF has eased 0.1%, the SPDR Health Care Select Sector ETF has tacked on 3.0% and the S&P 500 has gained 3.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/14/2017 14:02:01

    Dow ends at record as stocks post mixed finish

    U.S. equity indexes finished the day mixed, with the Dow Jones Industrial Average closing at a record, while the S&P 500 and the Nasdaq Composite slipped to lower levels. The Dow, helped by gains in the industrials and healthcare sectors, rose 0.2% to 22,207. The S&P 500, on the other hand, was dragged down by poor performances of healthcare and consumer discretionary stocks, finishing the day 0.1% lower at 2,496. The tech-heavy Nasdaq Composite fell 0.5% to 6,429. In individual stocks, Equifax fell 2.4% lower following the disclosure of a massive data breach last week. Home builder William Lyon Homes fell 5.8% as hedge fund Paulson&Co said it would divest its stake in the business.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/08/2017 14:12:30

    Stocks finish mixed on hurricane and geopolitical risks

    U.S. equity benchmarks ended Friday on a mixed note, with both the S&P 500 and the Nasdaq Composite in the red but the Dow Jones Industrial Average slightly higher as Hurricane Irma is set to make landfall in Florida over the weekend. Tensions with North Korea also weighed on investors' minds, as the market fears the country will test a ballistic missile to commemorate its founding on Saturday. The S&P 500 slipped 0.1% to 2,462 thanks to weaker energy stocks--down 0.6% on the week--while the tech-focused Nasdaq Composite Index weakened 0.7% to 6,357, down 1.2% on the week. The Dow finished the week more or less flat at 21,789, as strong gains in the financials sector outweighed losses in energy and information technology. On the week, the Dow dipped 0.9%. In individual stocks, Equifax Inc. shares plunged 13.7% following the news of a data breach affecting 143 million Americans' personal information, such as social security, drivers license and credit card numbers.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/01/2017 15:26:32

    General Motors and Lululemon rise while Tech Data tumbles

    General Motors, Lululemon Athletic and JPMorgan Chase gain ground while Tech Data slide

  • 08/31/2017 14:30:20

    Tech Data shares drop on earnings miss, outlook

    Tech Data Corp. shares dropped in the extended session Thursday after the tech products distributor's earnings and outlook fell short of Wall Street estimates. Tech Data shares fell 12% to $97.35 after hours. The company reported second-quarter net income of $47.5 million, or $1.24 a share, compared to $50.3 million, or $1.31 a share, in the year-ago period. Adjusted earnings were $1.74 a share. Revenue rose to $8.88 billion from $6.35 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $2.06 a share on revenue of $8.75 billion. For the third quarter, Tech Data estimates earnings of $1.84 to $2.04 a share on revenue of $9 billion to $9.35 billion. Analysts expect earnings of $2.22 a share on revenue of $8.66 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/31/2017 10:03:49

    BRIEF-Tech Data signs distribution agreement for Propel Star Wars drones

    * ‍Agreement with Propel to distribute their limited collector's edition Star Wars battle drones​ Source text for Eikon: Further company coverage:

  • 08/15/2017 09:35:54

    UPDATE 2-Uber settles U.S. allegations over privacy, security -FTC

    WASHINGTON, Aug 15 (Reuters) - U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims.

  • 08/15/2017 09:07:40

    Uber settles U.S. allegations over privacy, security -FTC

    WASHINGTON (Reuters) - U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims.

  • 08/15/2017 09:03:33

    UPDATE 1-Uber settles U.S. allegations over privacy, security -FTC

    WASHINGTON, Aug 15 (Reuters) - U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims.

  • 08/14/2017 15:26:44

    Tepper's Appaloosa dumps Snap Inc., stake, loads up on tech, health care

    David Tepper's hedge fund Appaloosa Management unloaded its position in Snapchat-parent Snap Inc., and disclosed increases in the tech and health-care sectors at the end of the second quarter. As of June 30, Tepper's fund showed that his fund dumped 100,000 shares of of Snap Inc. , which has lost more than a third of its value since it debuted as a public entity in early March. Tepper had been one of a number of prominent investors who had vocally expressed support of the social-messaging company. On Monday, Snap's shares were among the most active, gaining about 6.5% to start the week. Elsewhere, Appaloosa showed new positions in the PowerShares QQQ Trust Series 1 , which mimics the technology laden Nasdaq-100 , purchasing 1.8 million shares of the so-called QQQs, valued at $249 million, representing about 3.7% of his overall portfolio, according to data from research provider Whalewisdom.com. The fund also more than doubled its Apple Inc. position to 625,000 shares worth about $90 million and those of Altaba Inc. , which he boosted to 5.1 million shares valued at $280 million. Appaloosa showed a fresh stake in Alibaba Group Holding Limited , scooping up 3.6 million shares worth $520 million. Tepper's investment vehicle added a new position in exchange-traded IBB , a prominent ETF tracking the biotech sector, and SPDR S&P Biotech ETF , which closely mimics the S&P 500's health-care sector. Tepper's firm bought 235,000 shares of IBB worth about $73 million and 330,000 shares of XBI valued at $34 million, as of the end of June. In other sales, Tepper & Co. unloaded all of its position in Teva Pharmaceutical Industries , Energy Transfer Partners L.P. and Pfizer Inc. among others. Related: Active-managers have a new favorite toolMarket Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/14/2017 15:14:19

    Tepper's Appaloosa dumps Snap Inc. stake, loads up on tech, health care

    David Tepper's hedge fund Appaloosa Management unloaded its position in Snapchat-parent Snap Inc., and disclosed increases in the tech and health-care sectors at the end of the second quarter. As of June 30, Tepper's fund showed that his fund dumped 100,000 shares of of Snap Inc. , which has lost more than a third of its value since it debuted as a public entity in early March. Tepper had been one of a number of prominent investors who had vocally expressed support of the social-messaging company. On Monday, Snap's shares were among the most active, gaining about 6.5% to start the week. Elsewhere, Appaloosa showed new positions in the PowerShares QQQ Trust Series 1 , which mimics the technology laden Nasdaq-100 , purchasing 1.8 million shares of the so-called QQQs, valued at $249 million, representing about 3.7% of his overall portfolio, according to data from research provider Whalewisdom.com. The fund also more than doubled its Apple Inc. position to 625,000 shares worth about $90 million and those of Altaba Inc. , which he boosted to 5.1 million shares valued at $280 million. Appaloosa showed a fresh stake in Alibaba Group Holding Limited , scooping up 3.6 million shares worth $520 million. Tepper's investment vehicle added a new position in exchange-traded IBB , a prominent ETF tracking the biotech sector, and SPDR S&P Biotech ETF , which closely mimics the S&P 500's health-care sector. Tepper's firm bought 235,000 shares of IBB worth about $73 million and 330,000 shares of XBI valued at $34 million, as of the end of June. In other sales, Tepper & Co. unloaded all of its position in Teva Pharmaceutical Industries , Energy Transfer Partners L.P. and Pfizer Inc. among others.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/09/2017 14:54:28

    BRIEF-R C M Technologies reports Q2 net earnings per share data $0.02

    R C M Technologies Inc- * R C M Technologies Inc announces second quarter results. * Q2 revenue rose 0.2 percent to $45.5 million.

  • 08/04/2017 07:42:21

    BRIEF-Cboe holdings to open satellite Hong Kong AIPAC office in Q3 - Conf call

    Cboe Holdings Inc(CBOE). * We will be opening a satellite Hong Kong AIPAC office in the third quarter - Conf call. * We are implementing a new index technology platform that will serve as the foundation for our growing index business and enables us to better calculate and disseminate data for new and existing indices - Conf call.

  • 08/04/2017 00:17:23

    Asia stocks edge higher, dollar languishes ahead of U.S. jobs data

    SINGAPORE (Reuters) - Asian stocks inched up on Friday after a technology-led drop on Wall Street, with gains kept in check by investors' reluctance to stake out fresh positions ahead of U.S. jobs data later in the global day.

  • 07/25/2017 06:19:24

    Seagate Technology's stock plunges after profit and sales miss, CEO change

    Shares of Seagate Technology PLC plummeted 17% in premarket trade Tuesday toward an eight month low, after the data storage products maker reported fiscal fourth-quarter results that were well below expectations and announced a leadership transition. Net profit for the quarter to June 30 rose to $114 million, or 38 cents a share, from $70 million, or 23 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 65 cents, missing the FactSet consensus of 98 cents. Revenue fell to $2.41 billion from $2.65 billion, below the FactSet consensus of $2.56 billion. "Although the near-term dynamics of technology shifts present demand variations for the storage industry from time to time, we continue to see growing storage demand in the long-run driven by the proliferation of data growth from new technologies, emerging industries, and growing businesses," said Chief Executive Steve Luczo. Separately, the company said Luczo will transition to executive chairman on Oct. 1, and will be replaced as CEO by Dave Mosley, currently Seagate's chief operating officer. The stock has plunged 21% over the past three months through Monday, while the S&P 500 has gained 3.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/24/2017 02:00:00

    Arteco And ZKAccess Present Webinars On Video Surveillance And Access Control Integration

    Arteco, a global provider of event-driven intelligent video management solutions, will present a series of seminars focused on highlighting the benefits of video surveillance and access control integration. Arteco will partner with ZKAccess to host a webinar on July 26, 2017, from 1 p.m.-2 p.m. Eastern, and a lunch-and-learn event on Aug. 2, 2017 from 9 a.m.-12 p.m. Central, at the Accu-Tech branch in Dallas, to display the benefits of the combination of these two intelligent platforms. Organizations in a wide variety of markets are hungry for data and seek to gain as much information as possible about their business, daily operations, an emergency situation or security breach, and more. However, disparate pieces of information provide little value when trying to achieve this goal. To find the knowledge captured within data, it must be combined and presented in an intelligent way — allowing the user to make informed decisions based on a comprehensive view....

  • 07/18/2017 14:34:12

    Vertex Pharma shares rally on cystic fibrosis drug study results

    Vertex Pharmaceuticals Inc. shares surged in the extended session Tuesday after the biotech drug maker announced positive results from clinical trials of its cystic fibrosis treatments. Vertex shares rallied 26% to $166.50 after hours. The company said data from clinical studies of its treatment candidates VX-152 and VX-440 showed an up to 12% average improvement in lung function in cystic fibrosis patients given the drugs. Cystic fibrosis is a genetic defect that causes an abnormal buildup of mucus in the lungs leading to chronic infection and progressive lung damage.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/18/2017 13:09:35

    Surging Netflix puts Nasdaq on pace for longest win streak in 2 years

    The Nasdaq Composite Index on Tuesday was on track to book its longest streak of gains in more than two years and its first record close in about a month, highlighting a steady climb for the tech-centric benchmark, and a rebound in popular trades like Netflix Inc. . Most recently, the Nasdaq was trading in record territory and on track to mark its longest string of gains, at eight sessions in a row, since the 10-session period ended Feb. 24, 2015, according to the WSJ Market Data Group. The gauge had been wrestling with an extended downturn in technology shares since June 8, when the sector began a monthlong slump amid fears the high-flying group, including names like Facebook Inc. , Amazon.com Inc., Apple Inc. , Netflix, and Alphabet-parent Google Inc. , were rising too far, too fast. However, those companies and the tech benchmark has been recently rebounding from its June lows, with a recent batch of second-quarter earnings from Netflix helping to bolster sentiment in those growth names Overall, the Nasdaq Composite was trading up 0.4%, above its all-time closing high of 6,321.76 set June 8, while the Dow Jones Industrial Average was down about 0.3%, pressured by a slump in shares of Goldman Sachs , while the S&P 500 index was trading flat. The popular tech-focused, exchange-traded Technology Select Sector SPDR ETF also was trending higher and facing its own eight-session streak, as was the PowerShares QQQ Trust Series 1 , which is designed to mimic the performance of the large-cap Nasdaq-100 index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/18/2017 11:33:57

    Netflix stock rally puts Nasdaq Composite on pace for longest win streak in 2 years

    The Nasdaq Composite Index on Tuesday was on track to book its longest streak of gains in more than two years, highlighting a steady climb for the tech-centric benchmark, and popular trades like Netflix Inc. , as it nears a fresh record. Most recently, the Nasdaq was trading in record territory and on track to mark its longest string of gains, at eight sessions in a row, since the 10-session period ended Feb. 24, 2015, according to the WSJ Market Data Group. The gauge had been wrestling with an extended downturn in technology shares since June 8, when the sector began a monthlong slump amid fears the high-flying group, including names like Facebook Inc. , Amazon.com Inc., Apple Inc. , Netflix, and Alphabet-parent Google Inc. , were rising too far, too fast. However, those companies and the tech benchmark has been recently rebounding from its June lows, with a recent batch of second-quarter earnings from Netflix helping to bolster sentiment in those growth stocks. Overall, the Nasdaq Composite was trading up 0.2% but above its all-time closing high of 6,321.76 set June 8, while the Dow Jones Industrial Average was down about 0.4%, pressured by a slump in shares of Goldman Sachs , while the S&P 500 index also was off 0.1%. The popular tech-focused, exchange-traded Technology Select Sector SPDR ETF also was trending higher and facing its own eight-session streak, as was the PowerShares QQQ Trust Series 1 , which is designed to mimic the performance of the large-cap Nasdaq-100 index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/18/2017 09:12:23

    Netflix stock rally puts Nasdaq on pace for longest win streak in 2 years

    The Nasdaq Composite Index on Tuesday was on pace to book its longest streak of gains in more than two years, highlighting a steady climb for the tech-centric benchmark, and popular trades like Netflix, as it nears a fresh record. Most recently, the Nasdaq was bouncing around but if it closes in the green, it will mark its longest string of gains, at eight sessions in a row, since the 10-session period ended Feb. 24, 2015, according to the WSJ Market Data Group. The gauge had been wrestling with an extended downturn in technology shares since June 8, when the sector began a monthlong slump amid fears the high-flying group, including names like Facebook Inc. , Amazon.com Inc., Apple Inc. , Netflix Inc. , and Alphabet-parent Google Inc. , were rising too far, too fast. However, those companies and the tech benchmark has been recently rebounding from its June lows, with a recent batch of second-quarter earnings from Netflix helping to bolster sentiment in those growth stocks. Overall, the Nasdaq Composite was trading flat but has an all-time closing high above 6,321 in sight, while the Dow Jones Industrial Average was down about 0.5%, pressured by a slump in shares of Goldman Sachs and UnitedHealth Group Inc. , while the S&P 500 index also was off 0.2%. The popular tech-focused, exchange-traded Technology Select Sector SPDR ETF also was trending higher and facing its own eight-session streak, as were the PowerShares QQQ Trust Series 1 , which is designed to mimic the performance of the large-cap Nasdaq-100 index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/07/2017 09:24:31

    Tech Stocks, Jobs Data Drive Wall Street Higher

    Wall Street extended gains in late morning trading on Friday, powered by robust jobs data and a rebound in technology stocks.

  • 07/07/2017 09:16:40

    US STOCKS-Tech stocks, jobs data drive Wall St higher

    * Indexes up: Dow 0.28 pct, S&P 0.33 pct, Nasdaq 0.67 pct (Adds details, changes comment, updates prices)

  • 07/05/2017 13:28:31

    Dow, Nasdaq gains belie bad market breadth

    The Big 3 market indexes rose Wednesday, led by the tech-friendly Nasdaq Composite , but market internal data told a very different story, with most individual stocks trading lower. The number of advancing stocks outnumbered decliners by a 1,836-to-1,069 score on the NYSE and by a 1,536-to-1,166 margin on the Nasdaq. And while 62% of Nasdaq volume was in advancing stocks, only about 36% of NYSE volume was in gainers. Meanwhile, the Dow Jones Industrial Average edged up about 5 points in afternoon trade, but only 12 of 30 components gained ground. The S&P 500 tacked on 0.2% and the Nasdaq Composite rallied 0.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/29/2017 16:27:05

    Micron Technology beats Q3 earnings estimates

    Shares of Micron Technology Inc. rose slightly after-hours Thursday after the chip maker reported earnings for the third quarter. Micron reported net income of $1.6 billion, or $1.40 per share, after reporting a loss of $215 million, or 21 cents per share during the same period a year ago. Adjusted earnings per share came in at $1.62, above FactSet consensus of $1.52. Revenue for the quarter hit $5.6 billion, up from $2.9 billion in the year earlier and just above FactSet's $5.4 billion consensus. "The global trends taking shape today, including machine learning and big data analytics, are exciting and create significant opportunities for Micron," said Chief Executive Sanjay Mehrotra in a statement. "We are focused on positioning the company to realize these opportunities by investing in technology and products while also strengthening our balance sheet." Shares of Micron Technology have gained nearly 44% in the year to date, while the S&P 500 index is up 8% in the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/29/2017 14:40:33

    Shares of Micron Technology slump following Q3 earnings report

    Shares of Micron Technology Inc. fell more than than 2% after the chip maker reported earnings for the third-quarter. Micron reported net income of $1.6 billion, or $1.40 per share, after reporting a loss of $215 million, or 21 cents per share during the same period a year ago. Adjusted earnings per share came in at $1.62, above FactSet consensus of $1.52. Revenue for the quarter hit $5.6 billion, up from $2.9 billion in the year earlier and just above FactSet's $5.4 billion consensus. "The global trends taking shape today, including machine learning and big data analytics, are exciting and create significant opportunities for Micron," said Chief Executive Sanjay Mehrotra in a statement. "We are focused on positioning the company to realize these opportunities by investing in technology and products while also strengthening our balance sheet." Shares of Micron Technology have gained nearly 44% in the year to date, while the S&P 500 index is up 8% in the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/29/2017 14:21:40

    Shares of Micron Technology slump following Q3 profit misses expectations

    Shares of Micron Technology Inc. fell more than than 2% after the chip maker reported third-quarter profit that was below Wall Street expectations. Micron reported net income of $1.6 billion, or $1.40 per share, after reporting a loss of $215 million, or 21 cents per share during the same period a year ago. The FactSet consensus for earnings per share was $1.52. Revenue for the quarter hit $5.6 billion, up from $2.9 billion in the year earlier and just above FactSet's $5.4 billion consensus. "The global trends taking shape today, including machine learning and big data analytics, are exciting and create significant opportunities for Micron," said Chief Executive Sanjay Mehrotra in a statement. "We are focused on positioning the company to realize these opportunities by investing in technology and products while also strengthening our balance sheet." Shares of Micron Technology have gained nearly 44% in the year to date, while the S&P 500 index is up 8% in the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/28/2017 09:38:33

    Nutanix shares soar after report of partnership with Alphabet

    Shares of Nutanix Inc. were soaring 10% Wednesday after Alphabet Inc. said it had formed a partnership with the software company, according to CNBC. Nutanix pioneered a technology for businesses called hyperconvergence, which consolidates storage and servers. The first move under the partnership will be to move applications from physical data centers to Google Cloud, CNBC reported. Shares of Alphabet were down less than 1% Wednesday. Nutanix shares have gained 8% month-to-date, compared to the S&P 500's gain of 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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