Ups And Downs In Channel Company Stocks For Q1 2017

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Connection

CEO: Timothy McGrath

Dec. 30, 2016: $28.09

March 31, 2017: $29.79

Change: +6.05%

In September Merrimack, N.H.-based PC Connection, No. 21 on the CRN Solution Provider 500, changed its name to "Connection" to better reflect its IT offerings, from data center and networking to software and security.

For its first quarter ended March 31, Connection reported sales of $670.6 million, up more than 17 percent from $572.4 million in the same quarter one year earlier. But net income in the quarter declined 18 percent to $7.4 million from $9.1 million one year before.

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