NEW YORK (TheStreet) -- Ingram Micro (IM) stock is tumbling Thursday after the company reported lower-than-expected revenue and earnings in its first quarter. 

By midday, shares had tanked 13.8% to $26.10.

Over the three months to March, the technology company earned $67.9 million, or 43 cents a share. Analysts surveyed by Thomson Reuters had forecast $75.25 million, or 48 cents a share. 

Revenue nudged 1.2% higher year over year to $10.38 million, falling short of expectations for $10.42 million.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

SELL NOW: If you own any of the 900 stocks that TheStreet Quant Ratings has identified as a 'Sell' could potentially lose EVERYTHING in the next 6-12 months. Learn more.

TheStreet Ratings team rates INGRAM MICRO INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate INGRAM MICRO INC (IM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.