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NASDAQ:CDW

CDW (CDW) Stock Price, News & Analysis

$255.78
-2.09 (-0.81%)
(As of 04:00 PM ET)
Today's Range
$255.60
$259.38
50-Day Range
$224.81
$257.87
52-Week Range
$160.66
$259.38
Volume
771,842 shs
Average Volume
719,288 shs
Market Capitalization
$34.33 billion
P/E Ratio
31.58
Dividend Yield
0.97%
Price Target
$228.60

CDW MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
10.8% Downside
$228.60 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
0.61mentions of CDW in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.60%
From $9.88 to $10.73 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.12 out of 5 stars

Computer And Technology Sector

137th out of 587 stocks

Catalog & Mail-Order Houses Industry

1st out of 13 stocks

CDW stock logo

About CDW Stock (NASDAQ:CDW)

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, collaboration, data storage and servers, and others; and software products consists of cloud solutions, software assurance, application suites, security, virtualization, operating systems, and network management. The company also provides advisory and design, software development, implementation, managed, professional, configuration, partner, and telecom services, as well as warranties; delivers and manages mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. CDW Corporation was founded in 1984 and is headquartered in Vernon Hills, Illinois.

CDW Stock Price History

CDW Stock News Headlines

Investors Alert: The Next Big Thing in Weight Loss
History shows biotech breakthroughs like this can turn small investments into staggering fortunes for those with the foresight to get in early. I've isolated the small company behind it all...
CDW (NASDAQ:CDW) Price Target Raised to $300.00
FICO Apr 2024 1110.000 call
FICO Apr 2024 580.000 put
Investors Alert: The Next Big Thing in Weight Loss
History shows biotech breakthroughs like this can turn small investments into staggering fortunes for those with the foresight to get in early. I've isolated the small company behind it all...
FICO Oct 2024 1400.000 call
FICO Oct 2024 1290.000 put
FICO May 2024 1230.000 put
FICO May 2024 1270.000 put
FICO May 2024 1310.000 call
CDW Nov 2024 210.000 call
CDW Apr 2024 260.000 call
CDW Apr 2024 210.000 put
CDW Nov 2024 200.000 put
CDW Jun 2024 270.000 put
Q4 2023 Climb Global Solutions Inc Earnings Call
Decoding CDW Corp (CDW): A Strategic SWOT Insight
NET Mar 2024 110.000 call
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/12 Dividend
2/23/2024
Dividend Payable
3/12/2024
Today
3/28/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Catalog & mail-order houses
Sub-Industry
N/A
Current Symbol
NASDAQ:CDW
Fax
N/A
Employees
10,900
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$228.60
High Stock Price Target
$300.00
Low Stock Price Target
$185.00
Potential Upside/Downside
-11.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
6.78%

Debt

Sales & Book Value

Annual Sales
$21.38 billion
Cash Flow
$11.94 per share
Book Value
$15.25 per share

Miscellaneous

Free Float
133,074,000
Market Cap
$34.72 billion
Optionable
Optionable
Beta
1.09

Social Links

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Should I Buy CDW Stock? CDW Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of CDW was last updated on Monday, March 25, 2024 at 11:35 PM.

Pros

Here are some ways that investors could benefit from investing in CDW Co.:

  • CDW Co. reported a strong return on equity of 73.93%, indicating efficient use of shareholder funds to generate profits.
  • CDW Co. has initiated a stock buyback plan, a sign that the company believes its shares are undervalued, potentially leading to increased shareholder value.
  • CDW Co. declared a quarterly dividend with a dividend yield of 1.00%, providing investors with a steady income stream.
  • CDW Co. beat analysts' earnings per share estimates, showcasing strong financial performance and potential for growth.
  • CDW Co. has received positive ratings from analysts, with an average rating of "Moderate Buy" and a consensus target price of $223.60, indicating potential upside.

Cons

Investors should be bearish about investing in CDW Co. for these reasons:

  • CDW Co.'s revenue was below analysts' expectations, indicating potential challenges in revenue generation.
  • CDW Co.'s stock price has experienced fluctuations, with a 52-week high of $250.63 and a 52-week low of $160.66, suggesting volatility in the stock.
  • CDW Co.'s revenue was down 7.7% on a year-over-year basis, signaling a decline in business performance.
  • CDW Co.'s stock has a PE ratio of 30.51 and a P/E/G ratio of 2.81, which may indicate the stock is relatively expensive compared to its growth prospects.
  • CDW Co.'s insider activity includes selling of company shares by insiders, which could be perceived as a lack of confidence in the company's future prospects.

CDW Stock Analysis - Frequently Asked Questions

Should I buy or sell CDW stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CDW shares.
View CDW analyst ratings
or view top-rated stocks.

What is CDW's stock price target for 2024?

10 Wall Street analysts have issued 1 year price targets for CDW's shares. Their CDW share price targets range from $185.00 to $300.00. On average, they anticipate the company's stock price to reach $228.60 in the next year. This suggests that the stock has a possible downside of 10.8%.
View analysts price targets for CDW
or view top-rated stocks among Wall Street analysts.

How have CDW shares performed in 2024?

CDW's stock was trading at $227.32 at the beginning of the year. Since then, CDW shares have increased by 12.7% and is now trading at $256.20.
View the best growth stocks for 2024 here
.

Are investors shorting CDW?

CDW saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,650,000 shares, an increase of 10.0% from the February 29th total of 2,410,000 shares. Based on an average trading volume of 702,100 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.0% of the company's shares are sold short.
View CDW's Short Interest
.

When is CDW's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our CDW earnings forecast
.

How were CDW's earnings last quarter?

CDW Co. (NASDAQ:CDW) announced its quarterly earnings data on Wednesday, February, 7th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.01. The information technology services provider had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.32 billion. CDW had a net margin of 5.17% and a trailing twelve-month return on equity of 73.93%. The business's revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $2.40 EPS.
Read the conference call transcript
.

How often does CDW pay dividends? What is the dividend yield for CDW?

CDW announced a quarterly dividend on Friday, February 23rd. Shareholders of record on Monday, February 26th will be given a dividend of $0.62 per share on Tuesday, March 12th. This represents a $2.48 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, February 23rd.
Read our dividend analysis for CDW
.

Is CDW a good dividend stock?

CDW (NASDAQ:CDW) pays an annual dividend of $2.48 per share and currently has a dividend yield of 0.98%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDW will have a dividend payout ratio of 23.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CDW.

How will CDW's stock buyback program work?

CDW announced that its board has initiated a stock buyback plan on Wednesday, February 7th 2024, which allows the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 2.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

What other stocks do shareholders of CDW own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CDW investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Accenture (ACN), Athabasca Oil (ATH), Intel (INTC), Zoetis (ZTS) and AutoZone (AZO).

Who are CDW's major shareholders?

CDW's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.71%), Vanguard Group Inc. (11.69%), Wellington Management Group LLP (2.58%), Mawer Investment Management Ltd. (2.29%), Neuberger Berman Group LLC (1.64%) and Cantillon Capital Management LLC (1.06%). Insiders that own company stock include Albert Joseph Miralles Jr, Christina M Corley, Christina M Corley, Christine A Leahy, Donna F Zarcone and Frederick J Kulevich.
View institutional ownership trends
.

How do I buy shares of CDW?

Shares of CDW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does CDW have any subsidiaries?
The following companies are subsidiares of CDW: Aptris Inc, Berbee, CDW Canada Corp., CDW Direct LLC, CDW Finance Bidco Limited, CDW Finance Corporation, CDW Finance Holdings Limited, CDW Finance Topco Limited, CDW Government LLC, CDW International Holdings Limited, CDW LLC, CDW Limited, CDW Logistics Inc., CDW NA Limited, CDW Technologies LLC, Kelway TopCo Limited, and Scalar Decisions.
Read More
This page (NASDAQ:CDW) was last updated on 3/28/2024 by MarketBeat.com Staff

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