PC Connection (CNXN) to Release Earnings on Wednesday

PC Connection (NASDAQ:CNXN) 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. Parties that are interested in registering for the company’s conference call can do so using this link.

PC Connection Stock Down 2.4 %

Shares of PC Connection stock opened at $72.44 on Tuesday. PC Connection has a fifty-two week low of $57.47 and a fifty-two week high of $77.19. The business’s fifty day moving average is $71.71 and its two-hundred day moving average is $71.37. The firm has a market cap of $1.90 billion, a PE ratio of 21.24, a P/E/G ratio of 2.07 and a beta of 0.67.

Wall Street Analysts Forecast Growth

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

Insider Activity at PC Connection

In related news, Director Negrini David Beffa sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $70.00, for a total value of $350,000.00. Following the transaction, the director now directly owns 71,750 shares in the company, valued at $5,022,500. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 56.50% of the stock is owned by company insiders.

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.