PC Connection (CNXN) Expected to Announce Earnings on Wednesday

PC Connection (NASDAQ:CNXN) is expected to be announcing its earnings results 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

PC Connection Trading Up 1.4 %

CNXN stock opened at $74.22 on Monday. The company’s 50 day moving average is $71.73 and its 200 day moving average is $71.32. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 2.01 and a beta of 0.67. PC Connection has a 1-year low of $57.47 and a 1-year high of $77.19.

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.

Insiders Place Their Bets

In related news, Director Negrini David Beffa sold 5,000 shares of PC Connection stock in a transaction 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 owns 71,750 shares in the company, valued at $5,022,500. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 56.90% of the company’s stock.

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.