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 (WHO). Since then, CNXN stock has increased by 31.0% and is now trading at $47.67. 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) released its quarterly earnings data on Wednesday, April, 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.53 by $0.03. The company 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%. PC Connection's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. View PC Connection's earnings history.

PC Connection declared a dividend on Tuesday, December 17th. Stockholders of record on Friday, December 27th will be given a dividend of $0.32 per share on Friday, January 10th. The ex-dividend date of this dividend is Thursday, December 26th. View PC Connection's dividend history.

1 analysts have issued 1-year target prices 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 twelve months. This suggests a possible upside of 11.2% from the stock's current price. View analysts' price targets for PC Connection.

News headlines about CNXN stock have trended negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PC Connection earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news about PC Connection.

PC Connection saw a increase in short interest during 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 daily volume of 88,200 shares, the short-interest ratio is presently 8.7 days. Currently, 7.1% of the company's stock are sold short. View PC Connection's Current Options Chain.

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). 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 institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.10%) and 6 Meridian (0.02%). 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, and Envestnet Asset Management Inc.. 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.

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 $47.67.

PC Connection has a market capitalization of $1.24 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]