◆ NeutralARWWCC

Arrow Electronics (ARW) Moves 4.5% Higher: Will This Strength Last?

Zacks Investment Research·
Arrow Electronics (ARW) Moves 4.5% Higher: Will This Strength Last?

Arrow Electronics (ARW) shares rose 4.5% to $242.01 on strong volume, driven by broad-based customer demand, robust backlog, and improving book-to-bill trends. The company is expected to report quarterly earnings of $4.98 per share (+106.6% YoY) and revenues of $9.92 billion (+28.7% YoY). However, unchanged earnings estimate revisions over the past 30 days suggest caution about sustained momentum. ARW holds a Zacks Rank #1 (Strong Buy), while peer Wesco International (WCC) also gained 2.8%.

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