operating segment, Avnet Technology Solutions (TS), recently
launched its latest product named Avnet VSPEX Cloud Accelerator
Program at the IT conference, EMC World 2012. The program,
controlled by Microsoft System Center 2012, will be engaged in
providing cloud-related solutions to the value-added reseller
partners in the U.S. and Canada.
Avnet will also offer its EMC partners and small-to-medium (SME)
clients several of its expert services, such as private cloud
networking solutions and virtual desktop infrastructure services
through its Data Center Lifecycle Services platform.
The newly introduced program, particularly designed for Intel
servers, will integrate EMC's back-up solutions, Brocade and
Cisco's cloud-based solutions, Microsoft's technological
applications and RSA's safety solutions. Additionally, other data
center solutions in the field of computation, technology, storage
and security shall also be rendered by Avnet under this
Avnet would facilitate its channel partners to use the
cloud-related opportunity, which is an effective service offering,
designed specially to take on cloud computing. Furthermore, they
are likely to earn additional profit from Avnet's superior services
through improved sales.
The company's comprehensive range of products and services
helped it become a leading distributor of electronic components and
computer products. Earlier, Avnet's Technology Solutions reported
revenues of $2.52 billion in the third quarter of fiscal 2012, down
8.1% from the year ago quarter. However, we can still be optimistic
about a better segmental performance in Avnet's upcoming quarter
The company pertains to an industry, where ominous competition
is prevalent. Hence, Avnet should stay cautious of big players,
Wesco International Inc.
Arrow Electronics Inc.
Anixter International Inc.
) in the industry.
The current Zacks Consensus Estimates for the fourth quarter of
fiscal 2012 and for fiscal 2012 are $1.03 and $4.18, respectively.
The company currently retains a Zacks #2 Rank, which translates
into a short-term Buy rating. However, we are maintaining a
long-term Neutral recommendation on the stock.
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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