ScanSource, Jabil, and Lumen Shares Skyrocket, What You Need To Know

Barchart·04/17/2026 12:04:36

What Happened?

A number of stocks jumped in the afternoon session after Iran announced the reopening of the Strait of Hormuz, easing international tensions and providing a much-needed boost to corporate IT spending outlooks. 

Many IT service providers rely on long-term contracts that are sensitive to the global macroeconomic climate. With the threat of a prolonged Middle East conflict receding, enterprise clients are more likely to commit to multi-year digital transformation projects and cloud migration initiatives. 

The sector also benefits from improved labor mobility and reduced operational costs as global travel becomes less risky for specialized consultants. As inflation expectations moderate alongside oil prices, IT firms can more accurately forecast their wage and overhead expenses. This clarity is driving investor interest back into the sector as a reliable play on global productivity growth.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• IT Distribution & Solutions company ScanSource (NASDAQ:SCSC) jumped 3.5%. Is now the time to buy ScanSource? Access our full analysis report here, it’s free.
• Electronic Components & Manufacturing company Jabil (NYSE:JBL) jumped 3.7%. Is now the time to buy Jabil? Access our full analysis report here, it’s free.
• Terrestrial Telecommunication Services company Lumen (NYSE:LUMN) jumped 3.6%. Is now the time to buy Lumen? Access our full analysis report here, it’s free.

Zooming In On Jabil (JBL)

Jabil’s shares are quite volatile and have had 16 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 16 days ago when the stock gained 3.5% on the news that investor sentiment turned positive on hopes of a potential ceasefire in Iran, which also contributed to easing oil prices. 

Wall Street started the new quarter with a tech-led rally, as major indices like the S&P 500 and Nasdaq Composite posted significant gains. The optimism stemmed from news of potential de-escalation in geopolitical tensions, which often encourages a 'risk-on' environment. In such a climate, investors are more willing to move capital into growth-oriented assets, such as technology stocks, which powered the market's upward move. 

The broad-based gains across sectors indicated a decisive shift in market sentiment, away from the caution that had prevailed previously.

Jabil is up 34.6% since the beginning of the year, and at $323.61 per share, has set a new 52-week high. Investors who bought $1,000 worth of Jabil’s shares 5 years ago would now be looking at an investment worth $5,955.

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