Avnet Electronics Marketing Americas, an operating unit of
), recently declared the launch of its latest Wi-Fi adapter device.
The CC3000-based adapter kit, controlled with Pmod technology, will
be engaged in providing secure and fast access of Wi-Fi -networks
to the customers.
Avnet's newly introduced device is likely to fulfill the
mounting demand of Wi-Fi related solutions for the end-products of
OEMs. Moreover, the company's Pmod adapter tool embedded with LSR
TiWi-SL technology gives an upgraded and cost-minimize approach to
the clients to utilize Wi-Fi services. According to management, the
device assembled with improved protocol stack and network process
has the capacity to access the Wi-Fi network even from the basic
8-bit microcontroller or FPGA.
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) segment has declined 5.0% from the year-ago quarter to $3.76
billion, within management's guidance range of $3.75 billion -
$4.05 billion. Nevertheless, we can still 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.
), which remains an immensely formidable rival, especially in the
current times. In addition, there are several other big players
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 $4.11,
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.
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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