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CNXN $65.74

CNXN target price
65.74
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Connection
Type
Public
Traded as NASDAQ: CNXN
Industry National Technology Solutions Provider
Founded 1982
Headquarters Merrimack, New Hampshire, USA
Key people
Patricia Gallup (Co-founder, Chairman)
Timothy McGrath (President and CEO)
Joseph Driscoll (Senior Vice President, Treasurer, and Chief Financial Officer)
Products Notebooks/Mobility, Software, Servers/Storage, Net/Com Product, Other Hardware/Services
Revenue Increase$2.6 billion USD (2015)
Number of employees
2,500+
Website www.connection.com

Connection is a Fortune 1000, National Technology Solutions Provider, headquartered in Merrimack, New Hampshire. It has more than 2,500 employees and sells more than 300,000 products.

The Connection brand includes Connection Business Solutions, Connection MoreDirect Enterprise Solutions, and Connection GovConnection Public Sector Solutions, which provide IT solutions and services for small- to medium-sized businesses, enterprises, and public sector markets, respectively.

PC Connection, Inc. was founded in 1982 by Patricia Gallup and David Hall. The co-founders met while serving as a support crew to hikers on the Appalachian Trail.

The company’s first headquarters occupied a former woodworking mill in Marlow, NH. To launch their business, Gallup and Hall used Gallup’s savings of $8,000 to purchase inventory and take out a 1/9th-page ad in Byte magazine.

In 1987, PC Connection was named to the Inc. 500 as the second fastest growing company in the United States.

In March 1998, the company completed its Initial Public Offering on the NASDAQ exchange under the symbol PCCC.

In September 2016, the company announced a corporate rebranding. The "Connection" brand unites all subsidiaries (PC Connection, GovConnection, MoreDirect, and Softmart) under one brand name. NASDAQ stock ticker changes from PCCC to CNXN.

In addition to its corporate headquarters in Merrimack, NH, PC Connection, Inc. has sales and support offices in Keene and Portsmouth, New Hampshire; Marlborough, Massachusetts; Rockville, Maryland; Dakota Dunes, South Dakota; Boca Raton, Florida; Shelton, CT; Exton, PA, and Schaumburg, IL. The company operates a 268,000-square-foot distribution and fulfillment complex, equipped with an ISO 9001 certified technical configuration lab, in Wilmington, Ohio.

In 1999, Connection purchased ComTeq Federal, a Maryland-based company serving the computing needs of federal government agencies, including the Navy, Federal Deposit Insurance Corp, the National Security Agency, and Internal Revenue Service. Renamed GovConnection, Inc., the subsidiary serves all government and education customers.

In January 2000, Connection announced the agreement to acquire Merisel Inc. in alliance with its initiative to add infrastructure.

In 2002, Connection acquired MoreDirect, a Florida-based IT solutions provider specializing in Web-based eProcurement.

In 2005, Connection purchased the business and selected assets of Amherst Technologies, Inc., a New Hampshire-based IT provider.

In 2011, Connection acquired ValCom Technologies, a technology services company in the Chicago metropolitan area.

In 2016, Connection acquired Softmart, a Microsoft Licensing Solution Provider (LSP) and global supplier of technology, tools, and service solutions.

In 2016, Connection acquired GlobalServe.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-02 Future report Set alerts
Q2 2022 2022-08-04 0.96 0.96
Q1 2022 2022-05-05 0.83 0.83
Q4 2021 2022-02-07 0.85 0.85
Q3 2021 2021-11-04 0.76 0.76
Q2 2021 2021-08-05 0.66 0.66
Q1 2021 2021-05-06 0.39 0.39
Q4 2020 2021-02-24 0.62 0.62
Q3 2020 2020-10-28 0.00 0.00
Q2 2020 2020-08-10 0.32 0.29

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Funds

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Major Shareholders

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