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PC Connection Inc - CNXN STOCK NEWS

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

PC Connection Inc. (CNXN) is a leading global IT solutions provider dedicated to connecting people with technology to enhance growth, elevate productivity, and empower innovation. Founded in 1982, the company offers a wide range of IT services and advanced technology solutions tailored to business, government, healthcare, and education markets.

Core Business: PC Connection Inc. provides products such as computer systems, software, peripheral equipment, networking communications, and other accessories sourced from manufacturers and distributors. The company also offers comprehensive services involving the design, configuration, and implementation of IT solutions.

Business Segments: The company operates through three primary segments:

  • Connection Business Solutions: Focuses on small to mid-sized businesses.
  • Connection Enterprise Solutions: Caters to large enterprises and generates the maximum revenue for the company.
  • Connection Public Sector Solutions: Serves government, educational institutions, and healthcare organizations.

Recent Achievements: PC Connection Inc. has been recognized twice by Forbes as one of “America’s Most Trustworthy Companies.” This accolade underscores the company’s commitment to providing expert guidance, state-of-the-art tools, and exceptional service to its customers.

Global Reach: The company delivers global procurement solutions through a network of 500 suppliers across 174 countries. This extensive reach allows PC Connection Inc. to support its customers with a wide array of products and services on a global scale.

Values: The company operates on core values of respect, mutual trust, and a common vision to create a winning culture. These values drive PC Connection Inc. to not only meet but exceed customer expectations and continuously inspire success within the community.

Current Projects and Financial Condition: PC Connection Inc. continues to expand its product offerings and services to meet the evolving needs of its clients. The company’s financial health is robust, supported by its diverse revenue streams across its business segments. With a focus on innovation and customer satisfaction, PC Connection Inc. is well-positioned for continued growth and success.

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Connection (CNXN) announces Q4 and full-year 2023 results with net sales down, gross profit up, and increased dividend. The company shows growth in advanced technologies and profitability despite soft market conditions.
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Connection (CNXN) to release Q4 and full-year 2023 operating results on February 14, 2024. Management to review results during quarterly conference call at 4:30 p.m. EST. Participants can join via telephone or live webcast.
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Connection (PC Connection, Inc.; NASDAQ: CNXN) has launched the Helix Center for Applied AI and Robotics, providing expertise and resources to help organizations realize the benefits of artificial intelligence and automation. President and CEO Tim McGrath and Chief Growth and Innovation Officer Jamal Khan express excitement for the potential of AI and the company's commitment to delivering exceptional AI value outcomes for customers.
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Connection (PC Connection; NASDAQ: CNXN) secures renewal of Microsoft Azure Expert Managed Service Provider status, demonstrating exceptional customer service and cloud expertise. The company has significantly grown its Azure managed services revenue since receiving its initial recognition in 2021.
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Connection (PC Connection, Inc.; NASDAQ: CNXN) announced the winners of the third annual IT Superhero Awards during Connection’s Technology Summit. The 2023 IT Superhero Award winners, chosen by a panel of four judges, include Best Team Leader, Best Rookie, Best Catch, Most Unshakeable, and Best Superpower. Johan Dowdy was recognized as the Ultimate IT Superhero Award winner. The awards aim to celebrate resourcefulness, innovation, and leadership in IT departments across the country.
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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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Connection to release Q3 2023 operating results on November 1, 2023
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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%.
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FAQ

What is the current stock price of PC Connection (CNXN)?

The current stock price of PC Connection (CNXN) is $69 as of December 20, 2024.

What is the market cap of PC Connection (CNXN)?

The market cap of PC Connection (CNXN) is approximately 1.9B.

What does PC Connection Inc. do?

PC Connection Inc. provides comprehensive IT solutions including computer systems, software, and networking equipment, as well as design, configuration, and implementation services.

When was PC Connection Inc. founded?

PC Connection Inc. was founded in 1982.

What are the main business segments of PC Connection Inc.?

The company operates through three segments: Connection Business Solutions, Connection Enterprise Solutions, and Connection Public Sector Solutions.

Which segment generates the most revenue for PC Connection Inc.?

The Connection Enterprise Solutions segment generates the maximum revenue for the company.

How does PC Connection Inc. support global procurement?

PC Connection Inc. delivers global procurement solutions through a network of 500 suppliers in 174 countries.

Has PC Connection Inc. received any notable recognitions?

Yes, PC Connection Inc. has been recognized twice by Forbes as one of 'America’s Most Trustworthy Companies.'

What markets does PC Connection Inc. serve?

The company serves business, government, healthcare, and education markets.

What values guide PC Connection Inc.?

PC Connection Inc. operates on values of respect, mutual trust, and a unified vision to create a winning culture.

What services does PC Connection Inc. offer?

The company offers services involving the design, configuration, and implementation of IT solutions.

What is the financial condition of PC Connection Inc.?

PC Connection Inc. is financially robust, supported by diverse revenue streams and a focus on innovation and customer satisfaction.

PC Connection Inc

Nasdaq:CNXN

CNXN Rankings

CNXN Stock Data

1.86B
12.03M
54.24%
44.75%
0.74%
Electronics & Computer Distribution
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