Latest Products in Avnet's Portfolio - Analyst Blog
24 Agosto 2012 - 1:30PM
Zacks
Phoenix -based Avnet,
Inc.’s (AVT) operating unit, Avnet Electronics Marketing
Americas, has recently declared the accessibility of the latest
product ranges from Analog Devices, Inc. (ADI),
Freescale Semiconductor, Ltd (FSL) and TE
Connectivity (TE).
The company’s clients can now avail
various electronic component products such as AD5684R, designed by
Analog Devices, specifically for end applications; Freescale Tower
System and TE’s latest KOAXXA RF interconnects embedded with the
newest technologies through its e-commerce engine portal Avnet
Express. According to management, Avnet Express will provide a
user-friendly platform to the design engineers through which they
can easily access the latest products ranges.
The company’s broad portfolio of
products and services and its continued efforts to provide maximum
consumer satisfaction have both elevated its position and rendered
it more secure to hold a substantial market share in the present
scenario. During the fourth quarter of fiscal 2012, revenues from
Avnet’s Electronics Marketing (EM) declined 5.0% from the year-ago
quarter to $3.76 billion, within management’s guidance range of
$3.75 billion - $4.05 billion. We can be hopeful of a better
performance by this segment in the upcoming quarters. For the first
quarter of fiscal 2013, the company projects EM sales to be in the
range of $3.55 billion - $3.85 billion.
Avnet faces fierce competition from
big players in the semiconductor industry. One of the stalwarts
here is Arrow Electronics Inc. (ARW), which
remains an immensely formidable rival, especially in the current
times. In addition, there are several other big players such as
Wesco International Inc. (WCC) and Anixter
International Inc. (AXE) in the industry.
The current Zacks Consensus
Estimates for the first quarter of fiscal 2013 and for fiscal 2013
are 84 cents and $4.11, representing a year-over-year growth of
(6.79)% and 1.33%, respectively. The company currently retains a
Zacks #4 Rank, which translates into a short-term ‘Sell’ rating.
However, we are maintaining a long-term ‘Neutral’ recommendation on
the stock.
ANALOG DEVICES (ADI): Free Stock Analysis Report
ARROW ELECTRONI (ARW): Free Stock Analysis Report
AVNET (AVT): Free Stock Analysis Report
ANIXTER INTL (AXE): Free Stock Analysis Report
FREESCALE SEMI (FSL): Free Stock Analysis Report
WESCO INTL INC (WCC): Free Stock Analysis Report
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