Avnet Technology Solutions, an operating unit of
), recently declared that its latest cloud training services are
now accessible through the company's Avnet Cloud Solutions portal.
The newly-introduced platform will provide a competitive edge to
the company's independent software vendor (ISV), managed service
provider (MSP) and value-added reseller (VAR) associates based in
the U.S. and Canada.
In addition, the company also partners with ITpreneurs for
augmenting its cloud training service offerings. ITpreneurs has
been chosen by the company for its industry-recognized customized
cloud certification program.
According to management, Avnet will facilitate its channel
partners to deploy the cloud-related opportunity, which is an
effective service offering designed especially to take on cloud
computing. Furthermore, Avnet's latest training platform will also
help its partners to improve their off-premise cloud computing
The company's comprehensive range of products and services
helped it become a leading distributor of electronic components and
computer products. During the fourth quarter of fiscal 2012,
revenues from Avnet's Technology Solutions (TS) segment fell 13.8%
from the year-ago quarter to $2.54 billion. The segment's revenues
were slightly below management's guidance range of $2.55 billion -
$2.85 billion. We can be hopeful of a better performance by this
segment in the upcoming quarters.
The company pertains to an industry, where competition is
prevalent. Hence, Avnet should stay cautious of big players, such
Wesco International Inc.
), Arrow Electronics 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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