Tech Data Corporation (TECD) News

Tech Data Corporation (TECD): $144.90

0.29 (+0.20%)

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Industry: Technology - Hardware

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Latest TECD News From Around the Web

Below are the latest news stories about Tech Data Corp that investors may wish to consider to help them evaluate TECD as an investment opportunity.

Did Hedge Funds Make The Right Call On Tech Data Corp (TECD) ?

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

Yahoo | July 14, 2020

Raytheon and CVS Look Cheap on Price-Sales Ratio

The stocks I’m recommending today all sell for less than 1 times sales Continue reading...

Yahoo | July 13, 2020

US loan issuance plummets in 2Q as market takes stock of new normal

Issuance across the US syndicated loan market plummeted in the second quarter as the asset class navigated a slow recovery from the novel coronavirus that left borrowers scrambling for cash to keep their businesses alive while economies around the world gradually reopen. Companies from beleaguered sectors, including United Airlines and cruise ship operator Carnival Cruise Line, collectively raised billions of US dollars in new, costly loans to bolster liquidity amid a pandemic that forced many consumers to shelter at home throughout the second quarter. The wary buyside limited its exposure to low, Single B rated loans that are subject to fall to Triple C, which is just notches above a default.

Yahoo | July 1, 2020

Tech Data to invest $750M in digital transformation

Tech Data ([[TECD]]) announced its plans to invest approximately $750M in digital transformation initiatives over the next five years.The investment will accelerate innovation that will enhance experiences and greater agility for businesses across the technology ecosystem."Tech Data’s acquisition by the Apollo funds is a significant milestone, and their support of our...

Seeking Alpha | June 30, 2020

Apollo Acquisition of Tech Data Closes New Investments Coming

Apollo's acquisition of Tech Data has closed. The investment company announced $750 million over five years to fund digital transformation projects.

Channel Futures | June 30, 2020

Apollo Makes Rare Move in Latest Deal After Outbidding Buffett

(Bloomberg) -- For the better part of a decade, private equity firms layered increasing amounts of leverage onto buyouts in a bid to amp up their returns. Tech Data Corp. appears to be one of the exceptions.Apollo Global Management Inc.’s $6 billion take-private of the distributor of technology products only saddled the company with debt worth 2.5 times a key measure of its earnings, according to the private equity firm. Credit rating companies have said thin profit margins limit the leverage the business can support, especially in a crisis.The financing, agreed before the coronavirus pandemic, was structured in an unusual way for a buyout. It relied on loans backed by Tech Data’s receivables and inventory, which include iPhones, Cisco servers, printers and scanners stored in any of its...

Yahoo | June 30, 2020

Tech Data Plans to Invest Approximately $750 Million to Accelerate Digital Transformation

With its acquisition by funds managed by affiliates of Apollo Global Management now complete, Tech Data (or the "Company") today announced the Company plans to invest approximately $750 million in digital transformation initiatives over the next five years. The investment will power Tech Data’s strategy to accelerate innovation in ways that will deliver improved experiences and greater agility for businesses across the technology ecosystem.

Yahoo | June 30, 2020

Funds Managed by Affiliates of Apollo Complete Tech Data Acquisition

Chief Executive Officer Rich Hume will continue to lead Tech Data from its headquarters in Clearwater, Florida. “Tech Data is a global, market-leading company with an excellent management team and significant opportunities for expansion,” said Matt Nord, Co-Lead Partner of Private Equity at Apollo.

Yahoo | June 30, 2020

Why Is Tech Data (TECD) Up 3.9% Since Last Earnings Report?

Tech Data (TECD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Yahoo | June 27, 2020

TopBuild Set to Join S&P MidCap 400; Retail Properties of America and Brandywine Realty Trust to Join S&P SmallCap 600

S&P; Dow Jones Indices will make the following changes to the S&P; MidCap 400 and S&P; SmallCap 600 effective prior to the open of trading on Tuesday, June 30:

Yahoo | June 24, 2020


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