2. As of noon trading, Avnet ( AVT) is down $2.94 (-6.3%) to $43.78 on heavy volume. Thus far, 1.4 million shares of Avnet exchanged hands as compared to its average daily volume of 886,700 shares. The stock has ranged in price between $42.15-$44.37 after having opened the day at $43.33 as compared to the previous trading day's close of $46.72.

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. Avnet has a market cap of $6.5 billion and is part of the wholesale industry. Shares are up 5.9% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Avnet a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avnet as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Avnet Ratings Report now.

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