Press coverage about PC Connection (NASDAQ:CNXN) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PC Connection earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.9101569546414 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- PC Connection (CNXN) Announces Quarterly Earnings Results (americanbankingnews.com)
- Connection (CNXN) Reports Fourth Quarter and Full Year 2017 Results (it.tmcnet.com)
- Head-To-Head Analysis: PC Connection (CNXN) versus Quantum (QTM) (americanbankingnews.com)
- $755.14 Million in Sales Expected for PC Connection, Inc. (CNXN) This Quarter (americanbankingnews.com)
PC Connection (CNXN) opened at $24.41 on Wednesday. The stock has a market capitalization of $686.63, a P/E ratio of 11.91, a P/E/G ratio of 1.51 and a beta of 1.52. PC Connection has a fifty-two week low of $22.66 and a fifty-two week high of $30.48.
PC Connection (NASDAQ:CNXN) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $762.27 million during the quarter, compared to the consensus estimate of $757.40 million. PC Connection had a return on equity of 10.81% and a net margin of 1.88%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. research analysts predict that PC Connection will post 2.12 EPS for the current fiscal year.
CNXN has been the subject of a number of analyst reports. Zacks Investment Research downgraded PC Connection from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. ValuEngine raised PC Connection from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, BidaskClub downgraded PC Connection from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th.
In related news, CEO Timothy J. Mcgrath sold 5,805 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $26.85, for a total value of $155,864.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Mcgrath sold 9,700 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $26.85, for a total value of $260,445.00. Following the completion of the transaction, the chief executive officer now directly owns 207,207 shares of the company’s stock, valued at $5,563,507.95. The disclosure for this sale can be found here. Insiders sold 16,628 shares of company stock valued at $447,259 over the last ninety days. 57.30% of the stock is currently owned by corporate insiders.
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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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