Somewhat Positive Media Coverage Somewhat Unlikely to Impact PC Connection (CNXN) Share Price

News stories about PC Connection (NASDAQ:CNXN) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PC Connection earned a news impact score of 0.05 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.613951019153 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

PC Connection (CNXN) traded up 0.999% during midday trading on Thursday, reaching $28.825. The company’s stock had a trading volume of 7,274 shares. PC Connection has a 52 week low of $22.31 and a 52 week high of $30.48. The firm has a market capitalization of $772.05 million, a PE ratio of 16.295 and a beta of 1.68. The stock has a 50 day moving average of $26.53 and a 200 day moving average of $26.95.

PC Connection (NASDAQ:CNXN) last announced its earnings results on Thursday, July 27th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. PC Connection had a return on equity of 11.39% and a net margin of 1.66%. The firm had revenue of $749.79 million during the quarter, compared to the consensus estimate of $733.18 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that PC Connection will post $1.95 earnings per share for the current fiscal year.

CNXN has been the topic of several analyst reports. Roth Capital set a $33.00 price objective on PC Connection and gave the stock a “buy” rating in a report on Friday, July 28th. ValuEngine downgraded PC Connection from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded PC Connection from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th.

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In other PC Connection news, Director Negrini David Beffa sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the completion of the transaction, the director now owns 129,800 shares of the company’s stock, valued at approximately $3,374,800. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy J. Mcgrath sold 26,122 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $25.82, for a total value of $674,470.04. Following the completion of the transaction, the chief executive officer now directly owns 224,907 shares of the company’s stock, valued at approximately $5,807,098.74. The disclosure for this sale can be found here. Corporate insiders own 57.30% of the company’s stock.

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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