) operating unit, Avnet Technology Solutions, has recently declared
that its partners in the U.S. and Canada can now access its latest
Cloud Evolution Paks (E-Paks). These newly introduced offerings
would facilitate Avnet's clients to easily deploy private
cloud-rated facilities through HP CloudSystem or HP Cloud Service
The company in association with recently acquired Pepperweed
Consulting has developed E-Paks. Designed with Pepperweed's
Evolution IP, E-Paks is a wide collection of packaged
According to management, Avnet with the help of HP certified
professionals is assisting its partners to use private cloud
platform within a fixed price and time. E-Paks would not only
broaden the company's product portfolio but also help its partners
to improve their entire IT services thus enhancing their
Avnet is a global leader in the supply of electronic components
and computing products. The company's broad portfolio of products
and services and its continued efforts to ensure maximum consumer
satisfaction has helped it to secure a substantial market share in
the present scenario.
Avnet faces fierce competition from big players in the
semiconductor industry. One of the stalwarts here is
Arrow Electronics Inc.
), which remains an immensely formidable rival, especially in the
current times. It has recently expanded its cloud portal by
introducing field-programmable gate array (FPGA) power solutions
for clients in North America, and the Europe, the Middle East and
Africa (EMEA) region. In addition, there are several other big
players such as
Wesco International Inc.
Anixter International Inc.
) in the industry.
The current Zacks Consensus Estimates for the first quarter of
fiscal 2013 and for fiscal 2013 are 84 cents and $4.09,
representing year-over-year growth of (6.79%) and 0.76%,
We currently maintain a 'Neutral' recommendation on Avnet. The
stock carries a Zacks #4 Rank, translating into a short-term (1-3
months) 'Sell' rating.
ARROW ELECTRONI (ARW): Free Stock Analysis
AVNET (AVT): Free Stock Analysis Report
ANIXTER INTL (AXE): Free Stock Analysis Report
WESCO INTL INC (WCC): Free Stock Analysis
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