Arabic Arabic Chinese (Simplified) Chinese (Simplified) Dutch Dutch English English French French German German Italian Italian Portuguese Portuguese Russian Russian Spanish Spanish
| (844) 627-8267

ScanSource Falls Victim to Ransomware Attack | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacking | #aihp

ScanSource, a top-tier hybrid distributor that connects devices to the cloud, has recently reported that it has fallen victim to a ransomware attack. This incident has affected some of its systems, causing a significant disruption in the company’s operations. The discovery of the attack was made on May 14, 2023, and the company has since launched an investigation and implemented its Incident Response Plan to manage the situation.

ScanSource is actively working to contain the impact of the attack and has engaged forensic and cybersecurity experts to help investigate the extent of the incident. The company is taking all necessary steps to minimize disruption and mitigate the situation. It has also notified law enforcement authorities to ensure that the perpetrators are brought to justice.

The security of its systems, as well as the well-being of its employees, customers, and suppliers, is of utmost importance to ScanSource. The company is working tirelessly to restore affected systems while also taking measures to minimize the impact on its business. Despite the challenges posed by the attack, ScanSource remains committed to providing its customers with the highest level of service and support.



Updated on: 16/05/2023

Financial Health


Debt to equity ratio: Buy

Price to earnings ratio: Buy

Price to book ratio: Buy

Show more

Price Target

Current $28.38

Concensus $0.00

Low $0.00

Median $0.00

High $0.00

Show more

Social Sentiments

8:00 PM (UTC)

Date:12 May, 2023

Show more

Analyst Ratings

There are no analysts data to display

SCSC Stock Performance and Financial Ratios Analysis – May 16, 2023

On May 16, 2023, SCSC stock opened at 28.69, slightly lower than the previous day’s closing price of 28.79. Throughout the day, the stock fluctuated within a range of 28.36 to 28.95. The trading volume for the day was 1,510, which is significantly lower than the average volume of 90,037 over the past three months.

SCSC has a market capitalization of $697.4M and a P/E ratio of 8.0. The price-to-sales ratio is 0.23, and the price-to-book ratio is 0.87. These ratios suggest that the stock is undervalued compared to its peers in the electronics distribution industry.

In terms of earnings growth, SCSC has performed well in the past year, with a growth rate of 94.78%. However, the growth rate for this year is only 1.60%, which is lower than the industry average. Looking ahead, SCSC is expected to have an earnings growth rate of 10.00% over the next five years.

Revenue growth for SCSC was 12.03% in the past year, which is above the industry average. However, the net profit margin for SCSC is relatively low at 2.51%, which may indicate that the company needs to focus on reducing costs and improving efficiency.

The next reporting date for SCSC is August 22, 2023, and the EPS forecast for this quarter is $0.95.

Overall, SCSC’s stock performance on May 16, 2023, was relatively stable, with a small decrease in the opening price compared to the previous day’s closing price. The company’s financial ratios suggest that the stock is undervalued compared to its peers in the electronics distribution industry. However, the company needs to focus on improving its net profit margin to remain competitive in the market.

Scansource Inc (SCSC) Stock Predicted to Increase by 40.75% According to Analysts

On May 16, 2023, Scansource Inc (SCSC) stock closed at 28.42. However, according to the 3 analysts offering 12-month price forecasts for SCSC, the median target price is 40.00, with a high estimate of 42.00 and a low estimate of 37.00. This indicates that there is a potential increase of 40.75% from the current price.

Click Here For The Original Source.