Today's Top SOA Links
From the Wires
The Zacks Analyst Blog Highlights: Ingram Micro, Juniper Networks, Hewlett-Packard, IBM and Microsoft
By: PR Newswire
Dec. 6, 2012 09:31 AM
CHICAGO, Dec. 6, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Ingram Micro (NYSE:IM), Juniper Networks Inc. (NYSE:JNPR), Hewlett-Packard Company (NYSE:HPQ), IBM Corp. (NYSE:IBM) and Microsoft Corp. (Nasdaq:MSFT).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday's Analyst Blog:
Ingram Buys Promark Technology
Technology distribution company Ingram Micro (NYSE:IM) has acquired value added technology distributor Promark Technology. The latter particularly focuses on data storage, data management, and products and services related to electronic document imaging.
The acquisition, which was closed on November 30, is a prudent move by Ingram. Not only will the acquisition strengthen Ingram's position in the premium products and solutions market, but it will also help the company to strengthen its leadership position at public sector organizations.
The company is especially gaining from increased orders from Small & Medium Business (SMB) organizations in Europe, particularly in Germany and the U.K. This sector continues to spend on IT even as macroeconomic headwinds continue to impact overall business in Europe. Ingram is now targeting the SMB segment in a more comprehensive way, not just in Europe but across all regions. Moreover, following the acquisition, Ingram will be able to offer better services at competitive prices.
Cost benefits of cloud computing are pushing different companies toward massive information technology restructuring and upgrades. This is one of the reasons that SMBs have been investing in the area despite the weak economic conditions that have led to a slump in overall IT spending. We expect this to continue working in favor of distributors like Ingram. Again, the company's partners and associates of Promark will offer a vast array of business opportunities that were previously unavailable.
Acquisitions have always been the preferred strategy for Ingram's growth. A couple of months back, Ingram closed the acquisition of Brightpoint Inc., a leading distributor of wireless devices, for a cash consideration of $840.0 million.
We remain optimistic about Ingram Micro's strategic relationship with network giant Juniper Networks Inc. (NYSE:JNPR) as well as with tech giants such as Hewlett-Packard Company (NYSE:HPQ), IBM Corp. (NYSE:IBM) and Microsoft Corp. (Nasdaq:MSFT).
However, the company's significant European exposure, debt burden, and low order volume from government companies may have a negative impact in the short term.
Currently, Ingram Micro has a Zacks Rank #3 (Hold).
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
SOURCE Zacks Investment Research, Inc.
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week