Wayside Technology (WSTG) Stock Analysis

What Wayside Technology does

Wayside Technology Group, Inc. functions as a specialized provider of value-added information technology distribution and solution services. Its operations extend across the United States, Canada, Europe, the United Kingdom, and various other international regions. The company's business is organized into two main divisions: Distribution and Solutions. Within its Distribution arm, Wayside delivers advanced technical software and hardware products to a diverse range of clients, including corporations, value-added resellers (VARs), consultants, and systems integrators. This is primarily done through its brands, Climb Channel Solutions and Sigma Software Distribution. Furthermore, it supplies software, hardware, and related services via TechXtend and Grey Matter. Beyond its core distribution activities, Wayside Technology Group also acts as a reseller for computer software and hardware developed by other companies, and it provides technical services directly to end-user customers. The company's extensive product catalog features offerings from numerous software vendors, encompassing tools for critical areas such as virtualization and cloud computing, cybersecurity, networking, data storage, infrastructure management, application lifecycle management (ALM), and other technically sophisticated fields, alongside general computer hardware. To engage its audience, Wayside employs a multi-faceted marketing strategy that includes its own websites, both local and online seminars, industry events, webinars, social media channels, direct email campaigns, and printed promotional materials. Its IT distribution and solution capabilities are specifically designed for companies engaged in key sectors such as security, data management, cloud services, connectivity, storage and hyper-converged infrastructure (HCI), virtualization, and the broader software and ALM industries. The company was established in 1982, originally operating as Programmer's Paradise, Inc. It officially adopted the name Wayside Technology Group, Inc. in August 2006, and its corporate headquarters are located in Eatontown, New Jersey.

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Frequently asked questions

What is the ticker symbol for Wayside Technology?

Wayside Technology trades under the ticker WSTG on NASDAQ.

Which exchange is WSTG listed on?

WSTG is listed on NASDAQ.

What sector does Wayside Technology operate in?

Wayside Technology is classified in the Technology sector (Technology Distributors industry).

How can PortView help analyze WSTG in a portfolio?

PortView shows WSTG's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.