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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