The Best And Worst Channel Stocks of 2013 (So Far)


Avnet

CEO: Rick Hamada

Dec. 31, 2012: $30.61
June 28, 2013: $33.60
Change: 9.8%

Distributor Avnet's stock has been on the rise, despite the fact the company reported a 2.7 percent sales decline to $18.9 billion for the first nine months (ended March 30) of the company's fiscal 2013.

In January Avnet announced it had acquired TSSLink, an IT professional services company, in a move Avnet said would expand its expertise in data storage and virtualization services.

In June, Avnet announced a deal to acquire Seamless Technologies, a systems integrator that specializes in cloud computing, data center automation services and information technology infrastructure library (ITIL) best practices.

 



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