$SNX $CNXC Stock Update

Both relatively flat for the quarter.

SNX

Earning June 24:

  • EPS increased 66% year-over-year to $2.09, beating estimates of $1.93.
  • Revenue $5.86 billion, up 31% year-over-year, beating estimates of $4.96 billion

Target price quoted at $145

CNXC (Spinoff from SNX)

Earning June 23:

  • EPS $1.57 compared to $0.05 in the prior year second quarter
  • Revenue $1.37B, up 28.5% from the prior year second quarter
  • Operating income was $128.2 million (9.4% of revenue) compared with $23.6 million (2.2% of revenue) in the prior year second quarter.

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