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NASDAQ:CNXNPC Connection Stock Price, Forecast & News

$43.88
-0.08 (-0.18 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$42.04
Now: $43.88
$44.65
50-Day Range
$36.60
MA: $41.03
$45.95
52-Week Range
$30.10
Now: $43.88
$56.33
Volume130,800 shs
Average Volume153,448 shs
Market Capitalization$1.15 billion
P/E Ratio13.80
Dividend YieldN/A
Beta0.96
PC Connection, Inc., together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories. The company also provides services comprising design, configuration, and implementation of IT solutions. In addition, publishes Connected, a quarterly publication that provides informative articles on the latest technologies and industry trends; distributes specialty catalogs to education, healthcare, and government customers; and MacConnection that publishes a catalog for the Apple market. The company markets its products and services through its Websites, such as connection.com, connection.com/enterprise, connection.com/publicsector, and macconnection.com. It serves small to medium-sized businesses (SMBs) comprising small office/home offices customers; government and educational institutions; and medium-to-large corporate accounts through outbound telemarketing and field sales and marketing programs targeted to specific customer populations, as well as through digital, Web, and print media advertising. PC Connection, Inc. was founded in 1982 and is headquartered in Merrimack, New Hampshire.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.72 out of 5 stars


Industry, Sector and Symbol

Industry Catalog & mail-order houses
Sub-IndustryTechnology Distributors
Current SymbolNASDAQ:CNXN
CUSIP69318J10
Phone603-683-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.82 billion
Cash Flow$3.64 per share
Book Value$22.70 per share

Profitability

Net Income$82.11 million

Miscellaneous

Employees2,609
Market Cap$1.15 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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PC Connection (NASDAQ:CNXN) Frequently Asked Questions

How has PC Connection's stock been impacted by COVID-19 (Coronavirus)?

PC Connection's stock was trading at $36.39 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CNXN stock has increased by 20.6% and is now trading at $43.88. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of PC Connection?

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

When is PC Connection's next earnings date?

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

How were PC Connection's earnings last quarter?

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

How often does PC Connection pay dividends? What is the dividend yield for PC Connection?

PC Connection announced a dividend on Tuesday, December 17th. Investors of record on Friday, December 27th will be given 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.

What price target have analysts set for CNXN?

1 brokerages have issued 12-month price targets for PC Connection's shares. Their forecasts range from $53.00 to $53.00. On average, they expect PC Connection's stock price to reach $53.00 in the next year. This suggests a possible upside of 20.8% from the stock's current price. View analysts' price targets for PC Connection.

Has PC Connection been receiving favorable news coverage?

Media coverage about CNXN stock has trended negative recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. PC Connection earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the next several days. View the latest news aboutPC Connection.

Are investors shorting PC Connection?

PC Connection saw a decrease in short interest in May. As of May 15th, there was short interest totaling 562,700 shares, a decrease of 8.0% from the April 30th total of 611,500 shares. Based on an average trading volume of 110,200 shares, the days-to-cover ratio is currently 5.1 days. Currently, 5.1% of the company's shares are short sold. View PC Connection's Current Options Chain.

Who are some of PC Connection's key competitors?

What other stocks do shareholders of PC Connection own?

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).

Who are PC Connection's key executives?

PC Connection's management team includes the following people:
  • Ms. Patricia Gallup, Co-Founder, Chairman, Chief Admin. Officer & Sec. (Age 64)
  • Mr. Timothy J. McGrath, Pres & CEO (Age 59)
  • Mr. Stephen P. Sarno, Sr. VP, CFO & Treasurer (Age 51)

What is PC Connection's stock symbol?

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

Who are PC Connection's major shareholders?

PC Connection's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.10%), State Street Corp (1.50%), Tributary Capital Management LLC (1.36%), Geode Capital Management LLC (0.94%), Wells Fargo & Company MN (0.92%) and Grantham Mayo Van Otterloo & Co. LLC (0.80%). Company insiders that own PC Connection stock include David Beffa-Negrini, Barbara Duckett, David Beffa-Negrini, Jack L Ferguson, Negrini David Beffa and Timothy J Mcgrath. View institutional ownership trends for PC Connection.

Which institutional investors are selling PC Connection stock?

CNXN stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Martingale Asset Management L P, WINTON GROUP Ltd, Jane Street Group LLC, Virginia Retirement Systems ET AL, IndexIQ Advisors LLC, Russell Investments Group Ltd., and Tributary Capital Management 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.

Which institutional investors are buying PC Connection stock?

CNXN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Principal Financial Group Inc., Matarin Capital Management LLC, Bank of New York Mellon Corp, Grantham Mayo Van Otterloo & Co. LLC, Invesco Ltd., and Legal & General Group Plc. View insider buying and selling activity for PC Connection.

How do I buy shares of 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.

What is PC Connection's stock price today?

One share of CNXN stock can currently be purchased for approximately $43.88.

How big of a company is PC Connection?

PC Connection has a market capitalization of $1.15 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.

What is PC Connection's official website?

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

How can I contact PC Connection?

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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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