PC Connection ( (CNXN) ) has issued an update.
On February 5, 2025, Connection announced its financial results for the fourth quarter and full year of 2024, showing mixed performance. Despite a 1.8% increase in net sales in the fourth quarter, net income decreased by 12.9% compared to the previous year. The full year results revealed a net income increase of 4.6%, driven by record gross margins from sales of advanced technologies such as cloud, software, and security solutions. The company declared a quarterly dividend of $0.15 per share, highlighting its confidence in long-term growth, despite challenges faced in certain segments.
More about PC Connection
PC Connection, Inc., known as Connection, is a Fortune 1000 company based in Merrimack, NH, providing IT solutions to business, government, healthcare, and education markets, with a focus on custom-configured computer systems and IT procurement services through its GlobalServe subsidiary.
YTD Price Performance: 5.86%
Average Trading Volume: 70,728
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.91B
For detailed information about CNXN stock, go to TipRanks’ Stock Analysis page.