Somewhat Positive Press Coverage Somewhat Unlikely to Affect PC Connection (NASDAQ:CNXN) Share Price

Media coverage about PC Connection (NASDAQ:CNXN) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PC Connection earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.8591297669936 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s rankings:

A number of analysts recently issued reports on CNXN shares. Roth Capital set a $33.00 price target on PC Connection and gave the company a “buy” rating in a report on Friday, July 28th. Zacks Investment Research upgraded PC Connection from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Monday, July 31st. Finally, ValuEngine downgraded shares of PC Connection from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

Shares of PC Connection (NASDAQ:CNXN) traded down 0.52% during trading on Friday, reaching $27.02. 16,953 shares of the company were exchanged. PC Connection has a 1-year low of $22.31 and a 1-year high of $30.48. The firm has a 50-day moving average price of $27.36 and a 200-day moving average price of $26.89. The stock has a market capitalization of $723.70 million, a P/E ratio of 15.27 and a beta of 1.68.

PC Connection (NASDAQ:CNXN) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. The firm had revenue of $729.23 million for the quarter, compared to the consensus estimate of $727.84 million. PC Connection had a net margin of 1.66% and a return on equity of 11.39%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. Equities research analysts predict that PC Connection will post $1.89 earnings per share for the current fiscal year.

In other PC Connection news, CEO Timothy J. Mcgrath sold 26,122 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $25.82, for a total transaction of $674,470.04. Following the sale, the chief executive officer now directly owns 224,907 shares of the company’s stock, valued at $5,807,098.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Negrini David Beffa sold 20,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total transaction of $520,000.00. Following the sale, the director now directly owns 129,800 shares in the company, valued at $3,374,800. The disclosure for this sale can be found here. 57.30% of the stock is currently owned by corporate insiders.

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About PC Connection

PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.

Insider Buying and Selling by Quarter for PC Connection (NASDAQ:CNXN)

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