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US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.34
What to Expect from the Markets in a Recession
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.34
What to Expect from the Markets in a Recession
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.34
What to Expect from the Markets in a Recession
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
US Dollar Replaced By "Biden Bucks"? (Ad)
NASDAQ:CNXN

PC Connection - CNXN Stock Forecast, Price & News

$48.08
+2.17 (+4.73%)
(As of 08/5/2022 03:59 PM ET)
Add
Compare
Today's Range
$45.98
$49.02
50-Day Range
$42.96
$48.16
52-Week Range
$40.08
$54.79
Volume
1,902 shs
Average Volume
46,841 shs
Market Capitalization
$1.26 billion
P/E Ratio
14.14
Dividend Yield
N/A
Price Target
$55.00

PC Connection MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.4% Upside
$55.00 Price Target
Short Interest
Bearish
3.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.78mentions of PC Connection in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.41 M Sold Last Quarter
Proj. Earnings Growth
3.34%
From $3.29 to $3.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Retail/Wholesale Sector

134th out of 261 stocks

Catalog & Mail-Order Houses Industry

13th out of 26 stocks

CNXN stock logo

About PC Connection (NASDAQ:CNXN) Stock

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.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of PC Connection from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 3rd.

PC Connection Stock Performance

NASDAQ:CNXN opened at $48.08 on Monday. The firm has a 50 day simple moving average of $44.99 and a 200-day simple moving average of $47.57. PC Connection has a one year low of $40.08 and a one year high of $54.79. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 14.14 and a beta of 0.64.

PC Connection (NASDAQ:CNXN - Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.64 by $0.19. PC Connection had a net margin of 2.83% and a return on equity of 12.96%. The business had revenue of $788.34 million during the quarter, compared to analyst estimates of $728.25 million. During the same quarter last year, the firm posted $0.39 earnings per share. Equities analysts predict that PC Connection will post 3.29 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Patricia Gallup sold 3,884 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $45.70, for a total value of $177,498.80. Following the sale, the chairman now owns 2,131,559 shares of the company's stock, valued at $97,412,246.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 31,301 shares of company stock valued at $1,411,064. 57.50% of the stock is currently owned by company insiders.

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CNXN Stock News Headlines

Connection (CNXN) Reports Second Quarter 2022 Results
Why PC Connection is a market favourite
Connection Named Veeam Growth Partner of the Year
Should You Buy Sabre Corp. on the Dip?
PC Connection, Inc.(CNXN)
See More Headlines
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CNXN Company Calendar

Last Earnings
11/04/2021
Today
8/08/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Catalog & mail-order houses
Sub-Industry
Technology Distributors
Current Symbol
NASDAQ:CNXN
CUSIP
69318J10
Employees
2,542
Year Founded
1982

Price Target and Rating

Average Stock Price Forecast
$55.00
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+14.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$69.91 million
Pretax Margin
3.90%

Debt

Sales & Book Value

Annual Sales
$2.89 billion
Cash Flow
$3.13 per share
Book Value
$26.04 per share

Miscellaneous

Free Float
11,166,000
Market Cap
$1.26 billion
Optionable
Optionable
Beta
0.64

Social Links















CNXN Stock - Frequently Asked Questions

Should I buy or sell PC Connection stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PC Connection in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PC Connection stock.
View analyst ratings for PC Connection
or view top-rated stocks.

What is PC Connection's stock price forecast for 2022?

1 Wall Street research analysts have issued 12-month price targets for PC Connection's shares. Their CNXN stock forecasts range from $55.00 to $55.00. On average, they expect PC Connection's share price to reach $55.00 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price.
View analysts' price targets for PC Connection
or view top-rated stocks among Wall Street analysts.

How has PC Connection's stock performed in 2022?

PC Connection's stock was trading at $43.13 at the beginning of the year. Since then, CNXN stock has increased by 11.5% and is now trading at $48.08.
View the best growth stocks for 2022 here
.

When is PC Connection's next earnings date?

PC Connection is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for PC Connection
.

How were PC Connection's earnings last quarter?

PC Connection, Inc. (NASDAQ:CNXN) issued its earnings results on Thursday, November, 4th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. The firm earned $751.37 million during the quarter, compared to analyst estimates of $725.17 million. PC Connection had a net margin of 2.83% and a trailing twelve-month return on equity of 12.96%. During the same quarter last year, the company posted $0.64 earnings per share.

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

PC Connection announced a dividend on Thursday, November 4th. Investors of record on Thursday, November 18th will be paid a dividend of $1.00 per share on Friday, December 3rd. The ex-dividend date is Wednesday, November 17th. This is an increase from PC Connection's previous dividend of $0.32.
View PC Connection's dividend history
.

What is Timothy McGrath's approval rating as PC Connection's CEO?

194 employees have rated PC Connection CEO Timothy McGrath on Glassdoor.com. Timothy McGrath has an approval rating of 72% among PC Connection's employees.

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), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Alphabet (GOOG), Johnson & Johnson (JNJ), Procter & Gamble (PG) and TD SYNNEX (SNX).

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 number of retail and institutional investors. Top institutional investors include Brown Advisory Inc. (0.62%), Royce & Associates LP (0.55%), Assenagon Asset Management S.A. (0.41%), Denali Advisors LLC (0.34%), Allspring Global Investments Holdings LLC (0.32%) and James Investment Research Inc. (0.11%). Company insiders that own PC Connection stock include Barbara Duckett, Jack L Ferguson, Negrini David Beffa, Patricia Gallup and Timothy J Mcgrath.
View institutional ownership trends for PC Connection
.

How do I buy shares of PC Connection?

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

What is PC Connection's stock price today?

One share of CNXN stock can currently be purchased for approximately $48.08.

How much money does PC Connection make?

PC Connection (NASDAQ:CNXN) has a market capitalization of $1.26 billion and generates $2.89 billion in revenue each year. The company earns $69.91 million in net income (profit) each year or $3.40 on an earnings per share basis.

How many employees does PC Connection have?

PC Connection employs 2,542 workers across the globe.

Does PC Connection have any subsidiaries?

The following companies are subsidiares of PC Connection: GlobalServe, GlobalServe Inc., GovConnection, GovConnection Inc., MoreDirect Inc., MoreDirect.com, Outpost.com, PC Connection Sales Corporation, Softmart, and ValCom Technology.
Read More

When was PC Connection founded?

PC Connection was founded in 1982.

How can I contact PC Connection?

PC Connection's mailing address is 730 MILFORD RD, MERRIMACK NH, 03054. The official website for PC Connection is www.connection.com. The company can be reached via phone at 603-683-2000, via email at ir@connection.com, or via fax at 603-683-5797.

This page (NASDAQ:CNXN) was last updated on 8/8/2022 by MarketBeat.com Staff

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