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PC Connection, Inc. - CNXN STOCK NEWS

Welcome to our dedicated news page for PC Connection (Ticker: CNXN), a resource for investors and traders seeking the latest updates and insights on PC Connection.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PC Connection's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PC Connection's position in the market.

Rhea-AI Summary
Connection (PC Connection, Inc.) reported a record quarter for net income and earnings per share. Net sales decreased by 10.6% year over year, while gross profit decreased by 3.5%. However, net income increased by 10.3% to $25.6 million, and diluted EPS increased by 10.4% to $0.97. The company's board of directors also declared a quarterly dividend of $0.08 per share on the company's common stock.
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Rhea-AI Sentiment
End-of-Day
4.99%
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Rhea-AI Summary
Connection to release Q3 2023 operating results on November 1, 2023
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End-of-Day
-1.31%
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Rhea-AI Summary
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4.86%
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Rhea-AI Summary
Connection (CNXN) announces Q2 results: Net sales down 11.5% YoY to $733.5M, gross profit down 6.7% YoY to $127.8M, net income down 22.4% YoY to $19.7M. Quarterly dividend of $0.08 per share declared. Business Solutions segment sales decreased by 20.5%, Public Sector Solutions segment sales increased by 22.6%, Enterprise Solutions segment sales decreased by 17.7%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.86%
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Rhea-AI Sentiment
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-0.75%
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-1.13%
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End-of-Day
3.05%
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Rhea-AI Summary
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Rhea-AI Sentiment
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-2.55%
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Rhea-AI Sentiment
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1.44%
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Rhea-AI Sentiment
End-of-Day
-4.94%
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PC Connection, Inc.

Nasdaq:CNXN

CNXN Rankings

CNXN Stock Data

1.68B
11.46M
56.52%
43.7%
0.93%
Business to Business Electronic Markets
Wholesale Trade
Link
US
Merrimack

About CNXN

as a global it solutions provider, we connect people with technology that enhances growth, elevates productivity, and empowers innovation. founded in 1982, connection delivers valuable it services and advanced technology solutions to business, government, healthcare, and education markets. today, we serve our customers through our staff of highly trained account managers, our team of on-staff experts, and our efficient procurement websites. additionally, we deliver global procurement solutions through our network of 500 suppliers in 174 countries. twice recognized by forbes as one of “america’s most trustworthy companies,” our goal is to provide customers with the expert guidance, state-of-the-art tools, and exceptional service to solve their technology challenges. throughout our community, we strive to inspire success and increase the value of it investments. our values respect: we are united by one common vision. we work together to create a winning culture built upon mutual trust an