PC Connection - CNXN Stock Forecast, Price & News

PC Connection's stock was trading at $46.90 at the beginning of the year. Since then, CNXN shares have increased by 3.3% and is now trading at $48.44.
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PC Connection saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 335,400 shares, an increase of 11.7% from the December 31st total of 300,300 shares. Based on an average trading volume of 51,800 shares, the days-to-cover ratio is currently 6.5 days. Currently, 3.0% of the shares of the stock are sold short.
View PC Connection's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our CNXN earnings forecast.

PC Connection will be holding an earnings conference call on Thursday, February 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

PC Connection, Inc. (NASDAQ:CNXN) issued its earnings results on Thursday, November, 4th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. The company had revenue of $751.37 million for the quarter, compared to analyst estimates of $725.17 million. PC Connection had a net margin of 2.91% and a trailing twelve-month return on equity of 12.90%. During the same period in the prior year, the business posted $0.64 EPS.

PC Connection declared a dividend on Thursday, December 1st. Investors of record on Monday, December 5th will be given a dividend of $0.34 per share on Friday, December 23rd. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, December 2nd.
Read our dividend analysis for CNXN.

194 employees have rated PC Connection Chief Executive Officer Timothy McGrath on Glassdoor.com. Timothy McGrath has an approval rating of 72% among the company's employees.

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).

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 Mawer Investment Management Ltd. (7.53%), Allspring Global Investments Holdings LLC (0.40%), New York State Common Retirement Fund (0.15%), Swiss National Bank (0.11%), Summit Global Investments (0.05%) and Strs Ohio (0.05%). Insiders that own company stock include Barbara Duckett, Jack L Ferguson, Negrini David Beffa, Patricia Gallup and Timothy J Mcgrath.
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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.
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One share of CNXN stock can currently be purchased for approximately $48.44.

PC Connection (NASDAQ:CNXN) has a market capitalization of $1.27 billion and generates $2.89 billion in revenue each year. The company earns $69.91 million in net income (profit) each year or $3.52 on an earnings per share basis.

The company employs 2,542 workers across the globe.

PC Connection's mailing address is 730 MILFORD RD, MERRIMACK NH, 03054. The official website for the company 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.