The Best (And Worst) Channel Stocks of 2012

Email this CRN article

Arrow Electronics

CEO: Mike Long

Dec. 31, 2012: $37.41
Dec. 31, 2011: $38.08
Change: 1.8%

Like many public companies in 2012, Arrow posted strong gains in the first quarter, closing at $42.61 in late April before losing more than $5 per share the next week. Shares closed as low as $31.75 in early July before regaining some momentum during the second half of the year.

During its third fiscal quarter, Arrow's earnings fell 19 percent while sales also fell to $4.96 billion from $5.19 billion. On a bright note, its Enterprise Computing Solutions saw organic year-over-year sales growth for the 11th consecutive quarter, said CEO Mike Long.

Email this CRN article