ScanSource to Present at 2023 Sidoti Virtual Investor Conference
March 18, 2023
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SCANSOURCE ($NASDAQ:SCSC): ScanSource is proud to announce their participation in the 2023 Sidoti Virtual Investor Conference. This premier event provides a unique opportunity for investors to learn more about ScanSource and the innovative solutions the company is providing. Investing in ScanSource is an attractive proposition for many people due to the company’s long track record of success and commitment to delivering customer satisfaction. At the Sidoti Virtual Investor Conference, ScanSource will be presenting their latest developments, including insights into the retail, hospitality, and healthcare markets. They will also be discussing their recent product launches and how they are helping businesses increase efficiency.
Furthermore, ScanSource will demonstrate the advantages of cloud-based solutions with their portfolio of cutting-edge products. It is an excellent opportunity for both current and prospective investors to gain a better understanding of the company’s goals and strategies. This event promises to be an exciting and informative experience for all attendees.
Share Price
On that day, their stock opened at $28.5 and closed at $29.4, a 2.3% increase from the previous closing price of 28.7. This marks yet another step in the journey of ScanSource‘s growth as a leading provider of specialized technology solutions for global business partners. Attendees of the conference will have the opportunity to gain insight into their latest developments and strategies for future success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Scansource. More…
| Total Revenues | Net Income | Net Margin |
| 3.76k | 93.25 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Scansource. More…
| Operations | Investing | Financing |
| -124.32 | -8.47 | 164.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Scansource. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.13k | 1.27k | 34.03 |
Key Ratios Snapshot
Some of the financial key ratios for Scansource are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.8% | 14.2% | 3.7% |
| FCF Margin | ROE | ROA |
| -3.5% | 10.3% | 4.1% |
Analysis
If you are considering investing in SCANSOURCE, GoodWhale is here to help. By analyzing the company’s fundamentals, GoodWhale can provide you with a comprehensive overview of its financial and business risks. When it comes to SCANSOURCE’s risk rating, GoodWhale has determined that it is a high-risk investment. This means that there are certain risks associated with investing in the company. GoodWhale has also detected a single risk warning in the company’s income sheet. With GoodWhale’s comprehensive analysis, we can provide a detailed breakdown of this warning so that you can make a more informed decision regarding your investment. Register with us today to get access to this information! More…
Peers
Its competitors include Sangfor Technologies Inc, Detection Technology PLC, and Surfilter Network Technology Co Ltd.
– Sangfor Technologies Inc ($SZSE:300454)
Sangfor Technologies Inc is a Chinese multinational networking and cybersecurity company. The company develops a wide range of products and solutions for enterprises, including but not limited to network security, cloud security, and data center security. As of 2022, Sangfor Technologies Inc has a market cap of 49.42B and a return on equity of -1.58%.
– Detection Technology PLC ($LTS:0CXE)
PLC is a provider of detection and imaging solutions for security, industrial, and scientific applications. The company’s products include X-ray security systems, metal detectors, and CT scanners. PLC has a market cap of 232.3M as of 2022 and a ROE of 8.82%. The company’s products are used in a variety of industries, including airports, government buildings, and schools.
– Surfilter Network Technology Co Ltd ($SZSE:300311)
As of 2022, Surfilter Network Technology Co Ltd has a market cap of 4.31B. The company has a Return on Equity of -4.76%. Surfilter Network Technology Co Ltd is a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong. It is the world’s fourth-largest telecom equipment manufacturer, after Ericsson, Huawei, and Nokia.
Summary
Scansource Inc. is an investor opportunity worth exploring. The company provides technology products and value-added services that enable the distribution and sale of specialty products and services to resellers and system integrators within the North American market. The company has seen strong financial performance in recent quarters and is expected to continue to do well into 2023, as evidenced by its invitation to present at the 2023 Sidoti Virtual Investor Conference.
Analysts are positive about the company’s prospects, expecting it to benefit from a rebound in demand for its products and services, greater margins from cost savings initiatives, and continued organic growth from existing markets. Investors should keep an eye on Scansource as it is well-positioned for future success.
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