NASDAQ:CNXNPC Connection Stock Price, Forecast & News

PC Connection's stock was trading at $36.39 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CNXN shares have increased by 10.9% and is now trading at $40.34. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PC Connection in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for PC Connection.

PC Connection is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for PC Connection.

PC Connection, Inc. (NASDAQ:CNXN) announced its earnings results on Wednesday, April, 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The business earned $711.85 million during the quarter, compared to the consensus estimate of $638.37 million. PC Connection had a return on equity of 14.39% and a net margin of 2.91%. The business's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. View PC Connection's earnings history.

PC Connection declared a dividend on Tuesday, December 17th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.32 per share on Friday, January 10th. The ex-dividend date is Thursday, December 26th. View PC Connection's dividend history.

1 Wall Street analysts have issued 12-month price objectives for PC Connection's shares. Their forecasts range from $50.00 to $50.00. On average, they expect PC Connection's stock price to reach $50.00 in the next year. This suggests a possible upside of 23.9% from the stock's current price. View analysts' price targets for PC Connection.

News stories about CNXN stock have been trending positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. PC Connection earned a daily sentiment score of 2.1 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news about PC Connection.

PC Connection saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 771,600 shares, an increase of 39.6% from the June 15th total of 552,600 shares. Based on an average daily trading volume, of 88,200 shares, the days-to-cover ratio is currently 8.7 days. Currently, 7.1% of the shares of the company are short sold. View PC Connection's Current Options Chain.

Some companies that are related to PC Connection include SYNNEX (SNX), Arrow Electronics (ARW), Tech Data (TECD), Anixter International (AXE), Avnet (AVT), Insight Enterprises (NSIT), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other PC Connection investors own include Cisco Systems (CSCO), Verizon Communications (VZ), NVIDIA (NVDA), Alphabet (GOOG), Pfizer (PFE), AT&T (T), Gigamon (GIMO), Johnson & Johnson (JNJ), Altria Group (MO) and Abbott Laboratories (ABT).

PC Connection trades on the NASDAQ under the ticker symbol "CNXN."

PC Connection's stock is owned by many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.10%), Exchange Traded Concepts LLC (0.05%) and 6 Meridian (0.02%). Company insiders that own PC Connection stock include David Beffa-Negrini, Barbara Duckett, Jack L Ferguson, Negrini David Beffa and Timothy J Mcgrath. View institutional ownership trends for PC Connection.

CNXN stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian, and Envestnet Asset Management Inc.. Company insiders that have sold PC Connection company stock in the last year include Negrini David Beffa, and Timothy J Mcgrath. View insider buying and selling activity for PC Connection.

CNXN stock was purchased by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC. View insider buying and selling activity for PC Connection.

Shares of CNXN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CNXN stock can currently be purchased for approximately $40.34.

PC Connection has a market capitalization of $1.05 billion and generates $2.82 billion in revenue each year. The company earns $82.11 million in net income (profit) each year or $3.12 on an earnings per share basis. PC Connection employs 2,609 workers across the globe.

The official website for PC Connection is www.connection.com.

PC Connection's mailing address is 730 MILFORD RD, MERRIMACK NH, 03054. The company can be reached via phone at 603-683-2000 or via email at [email protected]