Arrow Electronics (ARW) is Resumed by BofA/Merrill to Buy

Arrow Electronics (ARW) was Resumed by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Arrow Electronics. Arrow Electronics was Upgraded by Goldman to ” Buy” on Mar 14, 2016.

On the company’s financial health, Arrow Electronics reported $1.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.82. The company had revenue of $6751.34 million for the quarter, compared to analysts expectations of $6343.23 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS.

Arrow Electronics closed down -0.06 points or -0.09% at $63.62 with 6,16,904 shares getting traded on Friday. Post opening the session at $63.68, the shares hit an intraday low of $63.17 and an intraday high of $64.495 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Feb 25, 2016, Mary Catherine Morris (Chief Strategy Officer) sold 2,289 shares at $57.12 per share price. According to the SEC, on Feb 25, 2016, Andrew S Bryant (Chief Operating Officer) sold 3,786 shares at $57.13 per share price. On Feb 22, 2016, Paul J Reilly (Chief Financial Officer) sold 10,000 shares at $58.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Arrow Electronics Inc. (Arrow) is a provider of products services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers coupled with a range of services solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory and disposition solutions to redeploy remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products services and solutions to value-added resellers (VARs) in the Americas EMEA and Asia Pacific regions.

Arrow Electronics

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