Avnet Inc. (AVT) Shares Soar 0.58% Ahead of Earnings

Avnet Inc. (AVT) shares rose to their highest level since February 2025 today, with an intraday gain of 0.58%.

Avnet Inc. has seen a surge in its stock price, driven by recent expansion and digital initiatives. The company's shares have been on a winning streak, reflecting positive market sentiment towards its strategic moves. This upward trend is expected to continue as Avnet prepares to report its third-quarter fiscal year 2025 earnings on April 30, 2025. Investors are closely watching these earnings reports, as they could significantly influence stock movements.

Additionally, there has been a recent adjustment in the EPS outlook by BofA Securities analyst Justin Post. Post lowered his full-year EPS forecast, which could potentially impact investor sentiment. This adjustment comes at a time when Avnet is focusing on its digital transformation and expansion efforts, aiming to enhance its market position and drive growth.