PC Connection (CNXN) Expected to Announce Quarterly Earnings on Wednesday

PC Connection (NASDAQ:CNXNGet Free Report) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.90 per share and revenue of $716.23 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

PC Connection Stock Up 1.4 %

Shares of CNXN stock opened at $73.29 on Wednesday. The company has a 50 day moving average of $71.61 and a 200-day moving average of $71.17. PC Connection has a 12-month low of $57.47 and a 12-month high of $77.19. The firm has a market cap of $1.93 billion, a P/E ratio of 21.49, a PEG ratio of 1.96 and a beta of 0.67.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of PC Connection from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Get Our Latest Stock Analysis on PC Connection

Insider Activity at PC Connection

In other news, Director Negrini David Beffa sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the transaction, the director now directly owns 71,750 shares in the company, valued at $5,022,500. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 56.50% of the stock is owned by company insiders.

PC Connection Company Profile

(Get Free Report)

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.

Further Reading

Earnings History for PC Connection (NASDAQ:CNXN)

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