Back to top

Analyst Blog

Per a recent agreement, Ingram Micro (IM - Analyst Report) will distribute protective solutions for mobiles and tablets from OtterBox and LifeProof.

OtterBox and LifeProof provide protective gear for all smartphones and tablets available in the market. These protective cases are designed to guard the mobile devices from external elements such as water, dirt, snow as well as sudden shock.

Leveraging Ingram Micro’s distribution channels, both the companies will be able to market their products easily and expand in newer markets as well. Ingram Micro has been teaming with emerging brands in the mobility space to expand its product and service offerings.

The company continues to invest to improve its mobility capabilities in all its operating markets, especially in Canada. It is worth noting that strong performance of its mobility business helped Ingram Micro’s first-quarter revenues to improve on a year-over-year basis.

Ingram Micro has been striking distribution deals with a number of original equipment manufacturers, thus expanding its product portfolio. Moreover, the company’s exposure in cloud computing products is expected to drive growth.

We believe that an improving IT spending trend will help Ingram to post better results, going forward. Moreover, the company’s focus on the high-margin market and strategic acquisitions to increase market share are encouraging. The BrightPoint acquisition is also expected to remain a key growth driver for the company.

Though Ingram Micro’s significant European exposure and a high debt burden are concerns, we remain fairly optimistic about the company’s strategic relationships with network giants such as Juniper Networks Inc. (JNPR - Analyst Report), Cisco (CSCO - Analyst Report) and International Business Machines Corp. (IBM - Analyst Report).

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

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

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 Zacks.com. 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
UNITED THER… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%