TD SYNNEX (SNX) shares closed last trading session up 6.1% at $261.28, supported by strong trading volume and a 7.9% increase over the past four weeks. The growth is attributed to rising demand in its infrastructure, software, and security businesses, particularly within the Hyve segment, which is experiencing increased interest in cloud and AI-enabled data center infrastructure.
The company is projected to report quarterly earnings of $4.06 per share, a 35.8% year-over-year increase, with expected revenues of $16.73 billion, marking an 11.9% rise from the previous year. SNX has also seen a 1% upward revision in its EPS estimate over the last month, indicating positive market sentiment, reflected in its Zacks Rank of #1 (Strong Buy).
In contrast, ServiceNow (NOW) shares rose 14.4% to $124.37, with a monthly return of 23.1%. Its EPS estimate remains unchanged at $0.86, signifying a 4.9% yearly change, while it carries a lower Zacks Rank of #4 (Sell).
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