PC Connection (CNXN) Earns Media Impact Score of 0.08
Headlines about PC Connection (NASDAQ:CNXN) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media 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 closest to one being the most favorable. PC Connection earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.4884230765825 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Financial Review: PC Connection (CNXN) & Dell (DELL) (americanbankingnews.com)
- Barbara Duckett Sells 1,123 Shares of PC Connection, Inc. (CNXN) Stock (americanbankingnews.com)
- Zacks: Analysts Expect PC Connection, Inc. (CNXN) to Announce $0.53 EPS (americanbankingnews.com)
- PC Connection, Inc. (CNXN) Expected to Post Quarterly Sales of $755.14 Million (americanbankingnews.com)
Several equities analysts have recently commented on the company. ValuEngine raised PC Connection from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded PC Connection from a “hold” rating to a “sell” rating in a research report on Friday, October 20th.
PC Connection (NASDAQ:CNXN) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $729.23 million during the quarter, compared to analysts’ expectations of $727.84 million. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. equities analysts expect that PC Connection will post 1.81 EPS for the current fiscal year.
In other PC Connection news, Director Barbara Duckett sold 1,123 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $27.56, for a total transaction of $30,949.88. Following the completion of the sale, the director now directly owns 15,877 shares in the company, valued at $437,570.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy J. Mcgrath sold 5,805 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $26.85, for a total value of $155,864.25. The disclosure for this sale can be found here. Insiders own 57.30% of the company’s stock.
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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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