NASDAQ:CNXNPC Connection Stock Price, Forecast & News

PC Connection's stock was trading at $36.39 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CNXN stock has increased by 22.4% and is now trading at $44.53.
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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."
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PC Connection is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020.
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PC Connection will be holding an earnings conference call on Monday, August 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

PC Connection, Inc. (NASDAQ:CNXN) released its quarterly earnings results on Wednesday, April, 29th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The firm earned $711.85 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted $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 brokers have issued twelve-month price targets for PC Connection's stock. Their forecasts range from $50.00 to $50.00. On average, they anticipate PC Connection's stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
View analysts' price targets for PC Connection.

News coverage about CNXN stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PC Connection earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely 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 in 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 trading volume of 88,200 shares, the days-to-cover ratio is presently 8.7 days. Currently, 7.1% of the company's stock are short sold.
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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).
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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 a variety of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (1.47%), Denali Advisors LLC (0.23%), Envestnet Asset Management Inc. (0.10%), Comerica Bank (0.05%), Strs Ohio (0.05%) and Exchange Traded Concepts LLC (0.05%). 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, UBS Group AG, Envestnet Asset Management Inc., Strs Ohio, and Cornerstone Investment Partners LLC. 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 bought by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Exchange Traded Concepts LLC, First Trust Advisors LP, Denali Advisors LLC, Cambridge Investment Research Advisors Inc., SG Americas Securities LLC, and Comerica Bank.
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 $44.53.

PC Connection has a market capitalization of $1.16 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]