5 stories mentioning INGM
Every FINWIRES story that references INGM, newest first.
Ingram Micro (INGM) shares rose 1.7% on Wednesday after JPMorgan upgraded the stock to neutral from underweight and boosted its price target to $27 per share from $26.Trading volume stood at more than 274,000 shares compared with a daily average of over 1.6 million.Price: $27.41, Change: $+0.51, Percent Change: +1.90%
Ingram Micro (INGM) has an average rating of overweight and mean price target of $31.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Ingram Micro (INGM) said Thursday it was selected as a global distributor for Hewlett Packard Enterprise (HPE) that offer it expanded territory reach and full access to its portfolio spanning cloud to artificial intelligence.The designation positions the company to deliver value at scale due to the introduction of enhanced services and support through the Ingram Micro HPE Partner Growth Accelerator Program, according to a statement.Ingram Micro said it is now one of two global HPE distributors, giving greater market access across countries.Price: $26.51, Change: $+0.68, Percent Change: +2.63%
Ingram Micro (INGM) reported fiscal Q1 non-GAAP earnings late Thursday of $0.75 per diluted share, up from $0.61 a year earlier.Analysts polled by FactSet expected $0.72.Net sales for the quarter ended March 28 were $13.96 billion, up from $12.28 billion a year earlier.Analysts surveyed by FactSet expected $12.76 billion.For fiscal Q2, the company expects non-GAAP EPS of $0.68 to $0.78 on net sales of $13.6 billion to $14.0 billion. Analysts expect $0.72 and $13.06 billion, respectively.Shares of the company fell 12% in after-hours activity.
Ingram Micro (INGM) is likely to post a fiscal Q1 beat due to PC strength from pull-forward demand, with longer-term margin expansion expected from its Xvantage platform and AI-related opportunities, RBC Capital Markets said.The brokerage said in a Monday research report that it estimates fiscal Q1 revenue growth of 4.6% to $12.84 billion, gross profit of $873 million and adjusted EPS of $0.76, above the consensus of $0.72.It sees demand supported by large enterprise clients and outsized growth in the Asia-Pacific region and highlights long-term opportunity in GPU and AI infrastructure deals.The company is positioned to drive margin expansion driven by Xvantage Phase 3, which utilizes data to drive organic growth without incremental operating expenditures, expected to improve revenue quality.RBC models fiscal 2026 revenue of $54.04 billion and adjusted EPS of $3.32, compared with consensus of $53.71 billion and $3.24, respectively.The firm reiterated its outperform rating on the stock and raised its price target to $33 per share from $24.Shares of Ingram were up more than 3% in Tuesday trading.Price: $31.27, Change: $+0.96, Percent Change: +3.17%