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Ingram Micro Inc.

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The company reported mixed third-quarter 2016 results, wherein the top line missed the Zacks Consensus Estimate and the bottom line surpassed the same. Also, revenues decreased on a year-over-year basis primarily due to foreign exchange fluctuations. Nonetheless, the company's focus on high-margin markets and strategic acquisitions to increase market share are encouraging. Ingram Micro has been signing distribution deals with several original equipment manufacturers, thereby expanding its product portfolio. Additionally, Ingram Micro’s exposure in cloud computing products is expected to drive growth. Going forward, we remain fairly optimistic about Ingram Micro’s strategic relationship with network giants such as Juniper Networks Inc. and International Business Machines. Moreover, the recent forecast of PC shipments bodes well for Ingram’s future prospects as it generates significant revenues from PC sales.

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