Back to top

Analyst Blog

Technology distribution company, Ingram Micro (IM - Analyst Report) recently announced its acquisition of CloudBlue Technologies, Inc. (CloudBlue), a leading provider of enterprise IT asset disposition, onsite data destruction and e-waste recycling services worldwide. Financial details of the deal were not disclosed.

The acquisition will help Ingram Micro to expand its supply-chain solutions portfolio. Moreover, the addition of CloudBlue services will also help Ingram to simplify the complexity associated with the management of IT assets and consumer electronics, in accordance with environmental and data security regulations.
CloudBlue provides its customers with secure and sustainable reverse logistics solutions, which create a protected business environment. It is one of the leading providers of enterprise IT asset disposition and onsite data destruction services including e-waste recycling. The addition of CloudBlue Technologies will boost Ingram’s Logistics revenues.

Ingram Micro reported revenues of $10.3 billion in the second quarter of 2013, up 17.4% from $8.8 billion in the year-ago quarter. Improvement in revenues was mainly due to contributions from the Brightpoint and Aptec Holdings acquisitions.

Integration of BrightPoint is on track, with revenue contribution and expected cost synergies likely to make BrightPoint a key driver of growth.

We believe that the improving IT spending trend will help Ingram to post better results going forward. Moreover, management’s focus on the high-margin market and strategic acquisitions to grow market share are encouraging.

Though the company’s significant European exposure and high debt burden are concerns, we are positive about Ingram Micro’s strategic relationship with network giant Juniper Networks Inc. (JNPR - Analyst Report), as well as tech giants such as Hewlett-Packard Company (HPQ - Analyst Report), IBM Corp. (IBM - Analyst Report) and Microsoft Corp.

Currently, Ingram Micro has a Zacks Rank #3 (Hold).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.80 +7.04%
BANCO DO BR… BDORY 14.74 +5.66%
AIR INDUSTR… AIRI 9.99 +4.15%
EQT MIDSTRE… EQM 98.14 +3.38%
WEATHERFORD… WFT 23.64 +3.10%