Somewhat Positive News Coverage Somewhat Unlikely to Affect PC Connection (CNXN) Share Price

Media coverage about PC Connection (NASDAQ:CNXN) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PC Connection earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 48.7474267047 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of PC Connection (NASDAQ:CNXN) traded down $0.20 during trading on Tuesday, hitting $26.33. The stock had a trading volume of 226 shares, compared to its average volume of 38,646. The company has a market capitalization of $712.14, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.46 and a beta of 1.51. PC Connection has a 12 month low of $22.66 and a 12 month high of $30.48.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $762.27 million for the quarter, compared to analyst estimates of $757.40 million. PC Connection had a return on equity of 10.81% and a net margin of 1.88%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. equities analysts forecast that PC Connection will post 2.28 earnings per share for the current year.

Several research firms have weighed in on CNXN. Zacks Investment Research upgraded PC Connection from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, February 21st. ValuEngine lowered PC Connection from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, BidaskClub lowered PC Connection from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th.

In other news, CEO Timothy J. Mcgrath sold 9,700 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $26.85, for a total value of $260,445.00. Following the sale, the chief executive officer now directly owns 207,207 shares in the company, valued at $5,563,507.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 57.30% of the company’s stock.

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PC Connection Company Profile

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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