Media coverage about PC Connection (NASDAQ:CNXN) has trended positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PC Connection earned a news impact score of 0.26 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.9162914530143 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- Placing the Money Flow Index Under Scrutiny For PC Connection Inc (CNXN) (campdesrecrues.com)
- Connection reports record Q2 2017 results (financial-news.co.uk)
- PC Connection, Inc. (CNXN) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- Contrasting PC Connection (NASDAQ:CNXN) and Apple (AAPL) (americanbankingnews.com)
A number of equities analysts recently commented on CNXN shares. Roth Capital restated a “buy” rating and set a $32.00 target price on shares of PC Connection in a report on Friday, April 21st. Zacks Investment Research cut PC Connection from a “hold” rating to a “sell” rating in a research note on Monday, April 24th.
Shares of PC Connection (CNXN) opened at 25.40 on Friday. The stock has a market capitalization of $680.31 million, a PE ratio of 14.36 and a beta of 1.63. PC Connection has a 1-year low of $22.31 and a 1-year high of $30.48. The stock has a 50 day moving average price of $26.44 and a 200-day moving average price of $27.44.
PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. PC Connection had a return on equity of 11.53% and a net margin of 1.66%. The company had revenue of $749.79 million for the quarter, compared to analyst estimates of $733.18 million. During the same quarter in the previous 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, analysts forecast that PC Connection will post $1.96 earnings per share for the current year.
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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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