S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
NASDAQ:CDW

CDW (CDW) Stock Price, News & Analysis

$242.91
-5.09 (-2.05%)
(As of 04/12/2024 ET)
Today's Range
$242.57
$247.80
50-Day Range
$230.50
$257.87
52-Week Range
$160.66
$263.37
Volume
847,838 shs
Average Volume
624,147 shs
Market Capitalization
$32.64 billion
P/E Ratio
29.99
Dividend Yield
1.02%
Price Target
$238.90

CDW MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
1.7% Downside
$238.90 Price Target
Short Interest
Bearish
2.26% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
0.88mentions of CDW in the last 14 days
Based on 14 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.

3.78 out of 5 stars

Computer And Technology Sector

193rd out of 597 stocks

Catalog & Mail-Order Houses Industry

3rd out of 9 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

CDW (NASDAQ:CDW) PT Raised to $280.00 at JPMorgan Chase & Co.
Meet CDW, a 2024 Best Places to Work honoree
Analysts Predict Price Tag for Gold to TRIPLE
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Analysts Predict Price Tag for Gold to TRIPLE
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
The Latest Analyst Ratings For CDW
CDW: Lowering target price to $264.00
FICO Apr 2024 1110.000 call
FICO Apr 2024 580.000 put
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
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
4/13/2024
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
$238.90
High Stock Price Target
$300.00
Low Stock Price Target
$185.00
Potential Upside/Downside
-1.7%
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
$11.49 per share
Book Value
$15.25 per share

Miscellaneous

Free Float
133,074,000
Market Cap
$32.64 billion
Optionable
Optionable
Beta
1.09

Social Links

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Should I Buy CDW Stock? CDW Pros and Cons Explained

Pros

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

  • CDW Co. has shown consistent growth in its stock price, reaching a 52-week high of $258.01, indicating positive market sentiment.
  • CDW Co. offers a diverse range of IT solutions across hybrid infrastructure, digital experience, and security, catering to various customer segments, which can lead to stable revenue streams.
  • Analysts have given CDW Co. a consensus rating of "Moderate Buy" with a target price of $228.60, suggesting potential for further stock appreciation.
  • CDW Co. has a strong market presence in the United States, the United Kingdom, and Canada, providing geographic diversification for investors.
  • With a market cap of $34.61 billion, CDW Co. is a well-established company in the information technology services sector, offering stability to investors.

Cons

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

  • CDW Co. operates in the competitive IT solutions industry, facing potential challenges from rapid technological advancements and evolving customer demands.
  • The company's debt-to-equity ratio of 2.46 may raise concerns about its financial leverage and ability to manage debt obligations effectively.
  • While CDW Co. has received positive analyst ratings, there is always a level of uncertainty in stock performance, subject to market volatility and economic conditions.
  • CDW Co.'s 50-day moving average price of $241.40 and 200-day moving average price of $222.42 may indicate price fluctuations that could impact investor returns.
  • Investors should consider the company's PEG ratio of 2.88 and beta value, which reflect the stock's valuation and volatility compared to the market, respectively.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 2, 2024. Please send any questions or comments about these CDW pros and cons to contact@marketbeat.com.

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 equities research analysts have issued 12 month target prices for CDW's stock. Their CDW share price targets range from $185.00 to $300.00. On average, they predict the company's stock price to reach $238.90 in the next year. This suggests that the stock has a possible downside of 1.7%.
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 2024. Since then, CDW stock has increased by 6.9% and is now trading at $242.91.
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 31st, there was short interest totaling 3,030,000 shares, an increase of 14.3% from the March 15th total of 2,650,000 shares. Based on an average daily volume of 696,800 shares, the days-to-cover ratio is presently 4.3 days. Approximately 2.3% of the shares of the company are short sold.
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 earnings results on Wednesday, February, 7th. The information technology services provider reported $2.57 EPS 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 analyst estimates 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 quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $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 dividend on an annualized basis and a yield of 1.02%. 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 1.00%. 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 share repurchase program on Wednesday, February 7th 2024, which allows the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is 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 retail and institutional investors. Top institutional investors include Atwood & Palmer Inc. (0.12%), Gateway Investment Advisers LLC (0.09%), Congress Asset Management Co. MA (0.03%), Global Assets Advisory LLC (0.03%), Czech National Bank (0.02%) and First Hawaiian Bank (0.01%). 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 4/13/2024 by MarketBeat.com Staff

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