The stock of PC Connection, Inc. (NASDAQ:CNXN) hit a new 52-week high and has $29.89 target or 9.00% above today’s $27.42 share price. The 8 months bullish chart indicates low risk for the $733.02 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $29.89 price target is reached, the company will be worth $65.97 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 43,679 shares traded hands or 11.02% up from the average. PC Connection, Inc. (NASDAQ:CNXN) has risen 5.85% since April 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
Analysts await PC Connection, Inc. (NASDAQ:CNXN) to report earnings on January, 26. They expect $0.51 EPS, 0.00% or $0.00 from last year’s $0.51 per share. CNXN’s profit will be $13.63M for 13.44 P/E if the $0.51 EPS becomes a reality. After $0.54 actual EPS reported by PC Connection, Inc. for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.
According to Zacks Investment Research, “PC Connection, Inc. is a direct marketer of brand-name personal computers and related peripherals, software, and networking products to business, education, government, and consumer end users located primarily in the United States.”
More recent PC Connection, Inc. (NASDAQ:CNXN) news were published by: Businesswire.com which released: “Connection® Enterprise Solutions Group Named Dell EMC 2016 Healthcare Partner …” on November 22, 2016. Also Businesswire.com published the news titled: “PC Connection, Inc. Celebrates Launch of New â€œConnectionâ€ Brand” on September 15, 2016. Businesswire.com‘s news article titled: “PC Connection, Inc. (CNXN) to Release Third Quarter Resultsâ€”2016” with publication date: October 12, 2016 was also an interesting one.
CNXN Company Profile
PC Connection, Inc., incorporated on December 27, 1999, is a well-known provider of a range of information technology (IT) solutions. The Firm conducts its business through three business divisions: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Firm enables clients to design, enable, manage and service their IT environments. The Company’s IT products include computer systems, software and peripheral equipment, networking communications, and other products and accessories that the Company purchases from manufacturers, distributors and other suppliers. The Firm also offers services involving design, configuration and implementation of IT solutions. The Firm offers a selection of approximately 300,000 products, including products from Apple, Cisco Systems, Dell, EMC, Hewlett-Packard, IBM, Lenovo, Microsoft, Symantec and VMWare. It partners with over 1,600 suppliers. The Firm markets its services and products through its Websites: www.pcconnection.com, www.moredirect.com, www.govconnection.com, and www.macconnection.com.
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