NASDAQ:CNXN - Nasdaq - US69318J1007 - Common Stock - Currency: USD
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at CDW (NASDAQ:CDW) and the best and worst performers in the it distribution & solutions industry.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check, and over the past six months, the industry has tumbled by 1.1%. This drawdown was disheartening since the S&P 500 held steady.
Over the last six months, Connection’s shares have sunk to $60.87, producing a disappointing 18.3% loss while the S&P 500 was flat. This was partly due to its softer quarterly results and might have investors contemplating their next move.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips PC Connection (NASDAQ:CNXN) just reported results for the second quarter of 202...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips PC Connection (NASDAQ:CNXN) just reported results for the first quarter of 2024...
CNXN stock results show that PC Connection beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.
CNXN stock results show that PC Connection missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.