Company profile

Ticker
CNXN
Exchange
CEO
Timothy J. McGrath
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
20513618

CNXN stock data

(
)

Calendar

9 Nov 20
27 Nov 20
31 Dec 20

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
29 Oct 20 Mcgrath Timothy J Common Stock Payment of exercise Dispose F No 45.32 1,968 89.19K 253,441
29 Oct 20 Mcgrath Timothy J Common Stock Option exercise Aquire M No 0 5,000 0 255,409
29 Oct 20 Mcgrath Timothy J RSU Common Stock Option exercise Aquire M No 0 5,000 0 30,000
29 Oct 20 Baker Thomas C Common Stock Payment of exercise Dispose F No 45.32 1,149 52.07K 6,383
29 Oct 20 Baker Thomas C Common Stock Option exercise Aquire M No 0 3,750 0 7,532
29 Oct 20 Baker Thomas C RSU Common Stock Option exercise Aquire M No 0 3,750 0 11,250
16 Sep 20 Negrini David Beffa Common Stock Sell Dispose S No 42.54 5,000 212.7K 96,000
1 Sep 20 Negrini David Beffa Common Stock Option exercise Aquire M No 0 500 0 101,000
1 Sep 20 Negrini David Beffa Common Stock Option exercise Aquire M No 0 500 0 100,500
1 Sep 20 Negrini David Beffa RSU Common Stock Option exercise Aquire M No 0 500 0 3,500
43.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 124 142 -12.7%
Opened positions 10 19 -47.4%
Closed positions 28 19 +47.4%
Increased positions 31 47 -34.0%
Reduced positions 57 50 +14.0%
13F shares
Current Prev Q Change
Total value 937.92M 602.94M +55.6%
Total shares 11.4M 11.59M -1.6%
Total puts 3.2K 22.9K -86.0%
Total calls 64.6K 13.4K +382.1%
Total put/call ratio 0.0 1.7 -97.1%
Largest owners
Shares Value Change
BLK BlackRock 2.05M $83.99M +0.0%
Dimensional Fund Advisors 1.96M $80.57M -0.8%
Mawer Investment Management 1.33M $54.8M +170.6%
Vanguard 725.44K $29.79M -0.6%
NTRS Northern Trust 706.17K $29M -0.4%
Royce & Associates 597.57K $24.54M -4.9%
STT State Street 385.86K $15.84M -2.9%
Brown Advisory 336.63K $13.82M -0.5%
Geode Capital Management 235.24K $9.66M -5.0%
BK Bank of New York Mellon 175.75K $7.22M -4.0%
Largest transactions
Shares Bought/sold Change
Mawer Investment Management 1.33M +841.31K +170.6%
Tributary Capital Management 0 -383.88K EXIT
WFC Wells Fargo & Company 129.17K -153.94K -54.4%
Assenagon Asset Management 84.29K +84.29K NEW
GS Goldman Sachs 148.89K +83.27K +126.9%
No Street GP 0 -69.62K EXIT
RY Royal Bank of Canada 150.51K -54.78K -26.7%
Grantham, Mayo, Van Otterloo & Co. 121.1K -54.5K -31.0%
PRU Prudential Financial 112.94K -50.84K -31.0%
Martingale Asset Management L P 47.43K -49.2K -50.9%

Financial report summary

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Competition
AppleCSPMicrosoftAdobeDellNortonLifeLockCDWLenovoInsight EnterprisesEgghead Com
Risks
  • Instability in economic conditions and government spending may adversely affect our business and reduce our operating results.
  • We have experienced variability in sales and may not be able to maintain profitable operations.
  • Substantial competition could reduce our market share and may negatively affect our business.
  • We face and will continue to face significant price competition.
  • Virtualization of IT resources and applications, including networks, servers, applications, and data storage may disrupt or alter our traditional distribution models.
  • We may experience a reduction in the incentive programs offered to us by our vendors.
  • Our business could be materially adversely affected by system failures, interruption, integration issues, or security lapses of our information technology systems or those of our third-party providers.
  • We could experience Internet and other system failures which would interfere with our ability to process orders.
  • Should our financial performance not meet expectations, we may be required to record a significant charge to earnings for impairment of goodwill and other intangibles.
  • The failure to comply with our public sector contracts could result in, among other things, fines or liabilities.
  • We are exposed to inventory obsolescence due to the rapid technological changes occurring in the IT industry.
  • We are dependent on key personnel.
  • The methods of distributing IT products are changing, and such changes may negatively impact us and our business.
  • We may experience increases in shipping and postage costs, which may adversely affect our business if we are not able to pass such increases on to our customers.
  • We rely on the continued development of electronic commerce and Internet infrastructure development.
  • We face uncertainties relating to unclaimed property and the collection of state sales and use tax.
  • Privacy concerns with respect to list development and maintenance may materially adversely affect our business.
  • We are controlled by two principal stockholders.
Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Our management’s discussion and analysis of our financial condition and results of operations include the identification of certain trends and other statements that may predict or anticipate future business or financial results that are subject to important factors that could cause our actual results to differ materially from those indicated. See “Item 1A. Risk Factors.”
  • We are a national provider of a wide range of information technology, or IT, solutions. We help our customers design, enable, manage, and service their IT environments. We provide IT products, including computer systems, data center solutions, software and peripheral equipment, networking communications, and other products and accessories that we purchase from manufacturers, distributors, and other suppliers. We also offer services involving design, configuration, and implementation of IT solutions. These services are performed by our personnel and by third-party providers. We operate through three sales segments, which serve primarily: (a) small- to medium-sized businesses, or in our Business Solutions segment, through our PC Connection Sales subsidiary, (b) large enterprise customers, in our Enterprise Solutions segment, through our MoreDirect subsidiary, and (c) federal, state, and local government and educational institutions, in our Public Sector Solutions segment, through our GovConnection subsidiary.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Bulletin, Codification, cutoff, delayed, discrete, Error, lesser, month, November, overstatement, previously, provision, review, understated, understatement
Removed: April, led, mobility