PC Connection (NASDAQ:CNXN - Get Free Report) is projected to post its quarterly earnings results 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 interested in participating in the company's conference call can do so using this link.
PC Connection Trading Up 1.4 %
NASDAQ:CNXN traded up $1.02 during trading hours on Friday, hitting $74.22. 115,165 shares of the stock traded hands, compared to its average volume of 56,027. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.01 and a beta of 0.67. The firm has a 50 day moving average price of $71.73 and a 200 day moving average price of $71.29. PC Connection has a fifty-two week low of $57.47 and a fifty-two week high of $77.19.
Insider Transactions at PC Connection
In related news, Director Negrini David Beffa sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the sale, the director now directly owns 71,750 shares in the company, valued at approximately $5,022,500. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 56.90% of the stock is owned by insiders.
Analyst Ratings Changes
Separately, StockNews.com raised PC Connection from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th.
Read Our Latest Stock Analysis on CNXN
PC Connection Company Profile
(
Get Free Report)
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.
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