Should You Buy It? Arrow Electronics for Your Quiver

Arrow Electronics(ARW Quote) has outperformed the broader market over the past year, but do its shares still hold value at current levels? Should you buy it?

The company, one of the world's largest distributors of electronic components and computer products, raised its earnings forecast last month to reflect higher demand. Arrow said it now sees fourth-quarter earnings of 92 to 97 cents a share, up from previous guidance of 90 to 95 cents.

Similarly, management now expects quarterly sales of $4.25 billion to $4.45 billion, as demand in the core components business was stronger than expected. The company, which generates about 50% of its total revenue overseas, usually posts its full fourth-quarter results in mid-to-late February. ...