PC Connection (CNXN) Expected to Announce Earnings on Wednesday

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

PC Connection Price Performance

Shares of CNXN stock opened at $72.44 on Tuesday. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.07 and a beta of 0.67. PC Connection has a 1 year low of $57.47 and a 1 year high of $77.19. The firm has a fifty day moving average price of $71.71 and a 200-day moving average price of $71.37.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Negrini David Beffa sold 5,000 shares of PC Connection stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $70.00, for a total value of $350,000.00. Following the sale, the director now directly owns 71,750 shares in the company, valued at approximately $5,022,500. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 56.50% of the stock is currently owned by insiders.

About PC Connection

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.