NASDAQ:CNXNPC Connection Stock Price, Forecast & News

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.

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.

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) 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.

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.

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.

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.

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.

Some companies that are related to PC Connection include Arrow Electronics (ARW), SYNNEX (SNX), 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 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.

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.

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.

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 $43.88.

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.

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]