Somewhat Positive Media Coverage Somewhat Unlikely to Impact PC Connection (CNXN) Stock Price
News stories about PC Connection (NASDAQ:CNXN) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PC Connection earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.1701338291606 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several research analysts have weighed in on CNXN shares. Zacks Investment Research cut PC Connection from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine cut PC Connection from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Roth Capital set a $33.00 price objective on PC Connection and gave the stock a “buy” rating in a research report on Friday, July 28th.
PC Connection (NASDAQ:CNXN) traded up $0.01 during mid-day trading on Friday, reaching $26.43. The company’s stock had a trading volume of 28,371 shares, compared to its average volume of 45,354. PC Connection has a twelve month low of $23.52 and a twelve month high of $30.48. The stock has a market capitalization of $708.74, a PE ratio of 14.25, a P/E/G ratio of 1.80 and a beta of 1.60.
PC Connection (NASDAQ:CNXN) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The business had revenue of $729.23 million for the quarter, compared to analysts’ expectations of $727.84 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. equities analysts predict that PC Connection will post 1.81 earnings per share for the current year.
In other news, Director Negrini David Beffa sold 20,000 shares of the company’s 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 transaction, the director now owns 129,800 shares of the company’s stock, valued at approximately $3,374,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 57.30% of the stock is owned by corporate insiders.
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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