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

PC Connection (NASDAQ:CNXN) will likely be issuing 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 Performance

Shares of NASDAQ CNXN opened at $73.29 on Wednesday. PC Connection has a fifty-two week low of $57.47 and a fifty-two week high of $77.19. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.96 and a beta of 0.67. The firm’s 50-day simple moving average is $71.61 and its 200 day simple moving average is $71.17.

Insider Activity at PC Connection

In other PC Connection news, Director Negrini David Beffa sold 5,000 shares of PC Connection stock in a transaction that occurred 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 transaction, the director now owns 71,750 shares of the company’s stock, valued at $5,022,500. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 56.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

PC Connection Company Profile

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.