CNXN - PC Connection Inc Stock Price, Fair Value and News

62.07USD+0.90 (+1.47%)Market Closed

Market Summary

USD62.07+0.90

Market Closed

1.47%

CNXN Alerts

Big fall in Revenue (Y/Y)

CNXN Stock Price

View Fullscreen

CNXN RSI Chart

CNXN Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

19.9

Price/Sales (Trailing)

0.59

EV/EBITDA

11.95

Price/Free Cashflow

7.22

CNXN Price/Sales (Trailing)

CNXN Profitability

Operating Margin

12.04%

EBT Margin

4.06%

Return on Equity

9.64%

Return on Assets

7.08%

Free Cashflow Yield

13.86%

CNXN Fundamentals

CNXN Revenue

Revenue (TTM)

2.8B

Rev. Growth (Yr)

-13.13%

Rev. Growth (Qtr)

-9.25%

CNXN Earnings

Earnings (TTM)

82.2M

Earnings Growth (Yr)

-7.35%

Earnings Growth (Qtr)

-44.68%

Breaking Down CNXN Revenue

Last 7 days

-2.1%

Last 30 days

-5.3%

Last 90 days

-4.7%

Trailing 12 Months

60.8%

How does CNXN drawdown profile look like?

CNXN Financial Health

Current Ratio

3.53

CNXN Investor Care

Dividend Yield

0.55%

Dividend/Share (TTM)

0.34

Shares Dilution (1Y)

0.33%

Diluted EPS (TTM)

3.12

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.8B	0	0	0
2023	3.1B	3.0B	2.9B	2.9B
2022	3.0B	3.2B	3.2B	3.1B
2021	2.5B	2.7B	2.8B	2.9B
2020	2.9B	2.7B	2.6B	2.6B
2019	2.7B	2.7B	2.8B	2.8B
2018	2.9B	2.8B	2.8B	2.7B
2017	2.8B	2.9B	2.9B	2.9B
2016	2.6B	2.6B	2.6B	2.7B
2015	2.5B	2.5B	2.5B	2.6B
2014	2.3B	2.4B	2.4B	2.5B
2013	2.2B	2.2B	2.2B	2.2B
2012	2.1B	2.2B	2.2B	2.2B
2011	2.0B	2.1B	2.1B	2.1B
2010	0	1.7B	1.8B	2.0B
2009	0	0	0	1.6B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of PC Connection Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	mcgrath timothy j	acquired	-	-	10,000	president & ceo
Apr 01, 2024	mcgrath timothy j	sold (taxes)	-241,150	65.53	-3,680	president & ceo
Feb 23, 2024	baker thomas c	acquired	-	-	5,000	sr. vp, cfo & treasurer
Feb 23, 2024	baker thomas c	sold (taxes)	-88,429	68.18	-1,297	sr. vp, cfo & treasurer
Dec 17, 2023	kinyon gary	acquired	-	-	1,250	-
Dec 17, 2023	mcgrath timothy j	acquired	-	-	5,000	president & ceo
Dec 17, 2023	baker thomas c	acquired	-	-	5,000	sr. vp, cfo & treasurer
Dec 17, 2023	mcgrath timothy j	sold (taxes)	-132,742	67.45	-1,968	president & ceo
Dec 17, 2023	gallup patricia	acquired	-	-	1,250	chairman & chief admin officer
Dec 17, 2023	duckett barbara	acquired	-	-	1,250	-

Which funds bought or sold CNXN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 03, 2024	VICTORY CAPITAL MANAGEMENT INC	new	-	588,887	588,887	-%
May 03, 2024	Glassman Wealth Services	sold off	-100	-1,210	-	-%
May 03, 2024	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	reduced	-8.99	-24,051	200,229	-%
May 03, 2024	SIGNATUREFD, LLC	reduced	-39.09	-5,328	7,912	-%
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	added	3.79	418	23,471	-%
May 01, 2024	CREATIVE FINANCIAL DESIGNS INC /ADV	unchanged	-	-124	6,395	-%
May 01, 2024	Parkside Financial Bank & Trust	unchanged	-	-8.00	396	-%
May 01, 2024	JAMES INVESTMENT RESEARCH INC	added	0.04	-37,728	1,988,320	0.24%
May 01, 2024	BNP PARIBAS FINANCIAL MARKETS	added	23.92	102,497	578,008	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%

Are Funds Buying or Selling CNXN?

Are funds buying CNXN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CNXN

No. of Funds

CNXN Alerts

Big fall in Revenue (Y/Y)

Unveiling PC Connection Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	dimensional fund advisors lp	7.3%	1,905,196	SC 13G/A
Feb 05, 2024	mawer investment management ltd.	4.53%	1,189,469	SC 13G/A
Jan 24, 2024	blackrock inc.	9.4%	2,477,290	SC 13G/A
Mar 15, 2023	gallup patricia	54.8%	14,413,627	SC 13D/A
Feb 13, 2023	mawer investment management ltd.	7.53%	1,978,800	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.1%	1,854,344	SC 13G/A
Jan 24, 2023	blackrock inc.	9.6%	2,510,632	SC 13G/A
May 12, 2022	gallup patricia	55.5%	14,570,538	SC 13D/A
Feb 08, 2022	dimensional fund advisors lp	6.9%	1,810,323	SC 13G/A
Feb 01, 2022	blackrock inc.	9.1%	2,393,075	SC 13G/A

Recent SEC filings of PC Connection Inc

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 02, 2024	4	Insider Trading
Mar 29, 2024	ARS	ARS
Mar 29, 2024	DEF 14A	DEF 14A
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to PC Connection Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.8T	381.6B	7.15%	4.69%	27.76	7.3	-0.90%	6.43%
APH	74.9B	12.8B	6.31%	64.83%	36.78	5.84	1.52%	6.35%
GLW	28.6B	12.4B	2.77%	6.23%	46.39	2.31	-9.51%	-33.28%
FTV	27.1B	6.1B	-8.65%	18.94%	30.12	4.42	3.71%	17.79%
FLEX	12.3B	29.4B	0.45%	42.39%	16.33	0.42	-1.12%	-8.06%
MID-CAP
CGNX	7.6B	847.2M	10.14%	-10.24%	76.65	9.01	-8.39%	-42.67%
ARW	6.8B	31.3B	-0.23%	6.28%	9.49	0.22	-14.93%	-46.67%
BMI	5.6B	740.8M	19.85%	36.95%	54.66	7.55	25.07%	42.99%
AVT	4.5B	24.7B	2.56%	16.39%	7.87	0.18	-6.09%	-33.76%
ESE	2.8B	968.8M	4.22%	11.04%	29.94	2.87	9.35%	8.73%
SMALL-CAP
CNXN	1.6B	2.8B	-5.35%	60.84%	19.9	0.59	-10.09%	0.74%
BHE	1.4B	2.8B	27.15%	79.15%	20.81	0.49	-4.25%	-5.27%
GPRO	292.9M	1.0B	-6.37%	-56.09%	-5.51	0.29	-8.05%	-284.36%
AEY	32.0M	56.7M	-14.40%	32.10%	-3.8	0.59	-41.04%	-726.48%
CPSH	25.3M	27.6M	-1.67%	-36.56%	18.44	0.92	3.62%	-35.71%

PC Connection Inc News

Latest updates

PC Connection Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-9.3%	632	696	693	734	728	732	776	829	788	800	751	704	637	676	653	550	712	717	729	741	633
Gross Profit	-9.0%	118	130	132	128	122	124	137	137	128	127	121	116	101	109	108	89.00	113	116	119	117	99.00
S&GA Expenses	2.7%	105	102	100	101	103	100	105	102	98.00	96.00	93.00	93.00	86.00	89.00	87.00	77.00	92.00	87.00	86.00	85.00	81.00
EBITDA Margin	2.5%	0.05*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.03*	-	-	-	-	-	-	-	-	-
Interest Expenses	-80.0%	0.00	0.00	0.00	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00
Income Taxes	-41.1%	5.00	8.00	9.00	7.00	5.00	6.00	9.00	9.00	8.00	9.00	7.00	6.00	4.00	5.00	4.00	3.00	6.00	8.00	9.00	9.00	5.00
Earnings Before Taxes	-43.8%	18.00	32.00	35.00	27.00	19.00	25.00	32.00	35.00	30.00	31.00	27.00	24.00	14.00	21.00	21.00	11.00	21.00	30.00	33.00	33.00	18.00
EBT Margin	2.2%	0.04*	0.04*	0.04*	0.03*	0.04*	0.04*	0.04*	0.04*	0.04*	0.03*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Net Income	-44.7%	13.00	24.00	26.00	20.00	14.00	19.00	23.00	25.00	22.00	22.00	20.00	17.00	10.00	16.00	17.00	8.00	15.00	22.00	24.00	24.00	13.00
Net Income Margin	2.2%	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.02*	0.02*	0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	-	56.00	-	48.00	113	18.00	17.00	22.00	28.00	-39.68	48.00	-24.38	24.00	5.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.3%	1,161	1,188	1,181	1,164	1,118	1,100	1,134	1,124	1,101	1,083	1,014	1,031	958	1,015	1,003	954	913	937	871	912	828
Current Assets	-2.4%	1,023	1,049	1,041	1,022	974	954	986	975	951	932	862	878	803	859	844	792	749	776	710	754	672
Cash Equivalents	1.8%	148	145	241	244	135	123	116	95.00	67.00	108	90.00	116	92.00	96.00	108	166	111	90.00	98.00	70.00	93.00
Inventory	-0.2%	124	124	142	160	199	209	213	223	235	207	175	167	141	141	135	166	137	125	126	176	138
Net PPE	-2.0%	56.00	57.00	58.00	58.00	58.00	59.00	60.00	60.00	61.00	61.00	61.00	61.00	62.00	62.00	63.00	65.00	66.00	64.00	62.00	59.00	55.00
Goodwill	0%	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00
Liabilities	-11.3%	308	348	362	370	342	334	378	392	395	401	328	366	311	379	375	343	311	340	288	352	291
Current Liabilities	-11.6%	290	328	340	347	318	311	353	367	370	375	293	330	275	342	338	308	277	309	257	321	259
Shareholder's Equity	1.4%	853	841	819	794	776	766	756	732	705	682	686	666	647	636	628	611	603	597	583	560	538
Retained Earnings	1.4%	771	761	739	716	698	686	676	653	628	606	610	590	572	562	554	537	530	515	501	477	454
Additional Paid-In Capital	1.3%	133	131	131	129	127	126	126	125	124	122	122	122	121	120	120	120	119	118	117	117	116
Shares Outstanding	0.0%	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	510	-	-	-	495	-	-	-	508	-	-	-	507	-	-	-	388	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	366.1%	57,285	12,289	50,220	115,940	19,505	19,200	24,084	29,890	-38,285	48,920	-22,986	25,858	5,962	-10,301	-56,012	57,855	44,556	-3,419	36,693	-14,769	18,098
Share Based Compensation	22.0%	1,949	1,597	1,789	1,783	1,853	1,603	1,282	1,408	1,382	1,113	1,026	1,026	1,066	802	618	624	624	604	426	564	269
Cashflow From Investing	50.4%	-51,607	-104,148	-51,194	-2,978	-1,882	-2,102	-2,410	-2,114	-2,451	-3,141	-2,481	-2,208	-903	-1,422	-1,397	-3,619	-4,595	-5,035	-6,744	-7,305	-6,572
Cashflow From Financing	17.4%	-3,053	-3,696	-2,500	-3,789	-5,743	-10,358	-380	-289	-165	-27,197	-470	-242	-8,457	-673	-483	384	-18,698	25.00	-1,199	-1,657	-9,759
Dividend Payments	25.3%	2,636	2,103	2,101	2,099	2,107	-	-	-	-	26,224	-	-	8,375	-	-	-	8,427	-	-	-	8,452
Buy Backs	-	186	-	-	1,969	3,423	-	-	-	-	-	-	-	-	-	-	-	10,222	115	862	2,207	1,294

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

CNXN Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Condensed Consolidated Statements of Income
Net sales	$ 632,025,000	$ 727,545,000
Cost of sales	513,953,000	605,249,000
Gross profit	118,072,000	122,296,000
Selling, general and administrative expenses	104,608,000	103,282,000
Restructuring and other charges	0	897,000
Income from operations	13,464,000	18,117,000
Interest income, net	4,567,000	1,286,000
Income before taxes	18,031,000	19,403,000
Income tax provision	(4,877,000)	(5,205,000)
Net income	$ 13,154,000	$ 14,198,000
Earnings per common share:
Basic	$ 0.50	$ 0.54
Diluted	$ 0.50	$ 0.54
Shares used in computation of earnings per common share:
Basic	26,362	26,325
Diluted	26,525	26,436

CNXN Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 147,579	$ 144,954
Short-term investments	204,374	152,232
Accounts receivable, net	527,259	606,834
Inventories, net	123,900	124,179
Income taxes receivable	3,318	4,348
Prepaid expenses and other current assets	16,926	16,092
Total current assets	1,023,356	1,048,639
Property and equipment, net	55,529	56,658
Right-of-use assets	4,020	4,340
Goodwill	73,602	73,602
Intangible, net	3,124	3,428
Other assets	1,434	1,714
Total Assets	1,161,065	1,188,381
Current Liabilities:
Accounts payable	218,801	263,682
Accrued payroll	22,607	20,440
Accrued expenses and other liabilities	48,400	43,843
Total current liabilities	289,808	327,965
Deferred income taxes	15,806	15,844
Noncurrent operating lease liabilities	2,760	3,181
Other liabilities	19	624
Total Liabilities	308,393	347,614
Stockholders' Equity:
Common stock	293	293
Additional paid-in capital	132,596	130,878
Retained earnings	771,416	760,898
Accumulated other comprehensive income	(62)	81
Treasury stock, at cost	(51,571)	(51,383)
Total Stockholders' Equity	852,672	840,767
Total Liabilities and Stockholders' Equity	$ 1,161,065	$ 1,188,381

About PC Connection Inc

PC Connection, Inc., together with its subsidiaries, provides various information technology (IT) solutions worldwide. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, including computer systems, data center solutions, software and peripheral equipment, networking communications, and other products and accessories; and portfolio of managed services and professional services, as well as provides services related to design, configuration, and implementation of IT solutions. The company markets its products and services through its websites comprising connection.com, connection.com/enterprise, connection.com/publicsector, and macconnection.com. It serves small to medium-sized businesses that include small office/home office customers; government and educational institutions; medium-to-large corporate accounts through outbound telemarketing and field sales; digital, web, and print media advertising; and targeted marketing program to specific customer populations. The company was founded in 1982 and is headquartered in Merrimack, New Hampshire.

CEO	Mr. Timothy J. McGrath
WEBSITE	connection.com
INDUSTRY	Consumer Electronics
EMPLOYEES	2685

PC Connection Inc Frequently Asked Questions

What is the ticker symbol for PC Connection Inc? What does CNXN stand for in stocks?

CNXN is the stock ticker symbol of PC Connection Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of PC Connection Inc (CNXN)?

As of Mon May 06 2024, market cap of PC Connection Inc is 1.64 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CNXN stock?

You can check CNXN's fair value in chart for subscribers.

What is the fair value of CNXN stock?

You can check CNXN's fair value in chart for subscribers. The fair value of PC Connection Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of PC Connection Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CNXN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is PC Connection Inc a good stock to buy?

The fair value guage provides a quick view whether CNXN is over valued or under valued. Whether PC Connection Inc is cheap or expensive depends on the assumptions which impact PC Connection Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CNXN.

What is PC Connection Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 06 2024, CNXN's PE ratio (Price to Earnings) is 19.9 and Price to Sales (PS) ratio is 0.59. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CNXN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on PC Connection Inc's stock?

In the past 10 years, PC Connection Inc has provided 0.13 (multiply by 100 for percentage) rate of return.