Revenue Update on PC Connection(NASDAQ:PCCC)

PC Connection(NASDAQ:PCCC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $676.16M. Analysts estimated a revenue of $657.73M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.47.

PC Connection (PCCC) shares turned negative on Thursdays trading session with the shares closing down -0.07 points or -0.28% at a volume of 27,514. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.44. The peak price level was also seen at $25.44 while the days lowest was $25.07. Finally the shares closed at $25.21. The 52-week high of the shares is $27.75 while the 52-week low is $19.1932. According to the latest information available, the market cap of the company is $668 M.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, David Hall (director 10% owner) sold 1,000 shares at $23.87 per share price.Also, On Mar 17, 2016, Negrini David Beffa (director) sold 16,700 shares at $24.09 per share price.On Feb 10, 2016, Joseph Driscoll (Sr. VP, CFO and Treasurer) sold 4,725 shares at $22.18 per share price, according to the Form-4 filing with the securities and exchange commission.

PC Connection Inc. is a provider of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB) Large Account and Public Sector. The SMB Segment serves small-to-medium-sized business customers through the Company’s PC Connection Sales subsidiary. The Large Account Segment offers a range of IT products and services to larger corporate customers through the Company’s MoreDirect subsidiary. The Public Sector Segment generates sales through outbound telemarketing and field sales contacts by sales representatives focused on the business educational healthcare and government markets; the Company’s Websites and inbound calls from customers responding to the Company’s catalogs and other advertising media.

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