Media stories about PC Connection (NASDAQ:CNXN) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PC Connection earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8492473498789 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of PC Connection (NASDAQ:CNXN) traded down $0.30 on Friday, reaching $25.85. 30,200 shares of the company traded hands, compared to its average volume of 47,619. The company has a market cap of $684.44, a P/E ratio of 14.29, a PEG ratio of 1.81 and a beta of 1.60. PC Connection has a 12-month low of $23.52 and a 12-month high of $30.48.
PC Connection (NASDAQ:CNXN) last announced its earnings results on Thursday, October 26th. The company reported $0.49 EPS for the quarter, hitting the 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 1.63% and a return on equity of 11.00%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. research analysts forecast that PC Connection will post 1.81 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the stock. ValuEngine downgraded shares of PC Connection from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of PC Connection from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Monday, July 31st. Finally, Roth Capital set a $33.00 price target on shares of PC Connection and gave the company a “buy” rating in a report on Friday, July 28th.
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In related news, Director Negrini David Beffa sold 20,000 shares of PC Connection stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $26.00, for a total value of $520,000.00. Following the transaction, the director now owns 129,800 shares in the company, valued at approximately $3,374,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 57.30% of the company’s stock.
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.
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