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NASDAQ:CDW

CDW (CDW) Stock Price, News & Analysis

$224.24
+2.43 (+1.10%)
(As of 06/7/2024 ET)
Today's Range
$222.59
$225.48
50-Day Range
$214.61
$255.76
52-Week Range
$168.49
$263.37
Volume
819,776 shs
Average Volume
825,679 shs
Market Capitalization
$30.14 billion
P/E Ratio
28.00
Dividend Yield
1.11%
Price Target
$250.00

CDW MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
11.5% Upside
$250.00 Price Target
Short Interest
Healthy
1.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
1.35mentions of CDW in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.31%
From $9.67 to $10.57 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.

4.96 out of 5 stars

Computer And Technology Sector

9th out of 573 stocks

Catalog & Mail - Order Houses Industry

1st out of 14 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. It also provides hardware products comprising notebooks/mobile devices, tablets, network communications, desktop computers, collaboration, data storage and servers, and others; and software products, such as cloud solutions, software assurance, application suites, security, virtualization, operating systems, and network management. In addition, the company offers 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

Brokerages Set CDW Co. (NASDAQ:CDW) PT at $247.50
CDW Corporation: 2 Major Growth Catalysts Ahead
Collision Damage Waiver (CDW)
Cracking The Code: Understanding Analyst Reviews For CDW
Q1 2024 CDW Corp Earnings Call
Q1 2024 CDW Corp Earnings Call Transcript
CDW Corporation Q1 Profit Decreases, misses estimates
CDW Reports First Quarter 2024 Earnings
iQor Qares to Host 7th Annual Charity Golf Tournament
See More Headlines
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Company Calendar

Ex-Dividend for 3/12 Dividend
2/23/2024
Dividend Payable
3/12/2024
Last Earnings
5/01/2024
Ex-Dividend for 6/11 Dividend
5/23/2024
Today
6/08/2024
Dividend Payable
6/11/2024
Next Earnings (Estimated)
8/07/2024
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
$250.00
High Stock Price Target
$300.00
Low Stock Price Target
$216.00
Potential Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
6.76%

Debt

Sales & Book Value

Annual Sales
$21.38 billion
Cash Flow
$11.85 per share
Book Value
$15.25 per share

Miscellaneous

Free Float
133,188,000
Market Cap
$30.14 billion
Optionable
Optionable
Beta
1.06

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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. stock price has been consistently increasing, showing positive momentum in the market.
  • CDW Co. has a strong track record of revenue growth, indicating a healthy financial performance.
  • Recent analyst reports have upgraded CDW Co.'s rating, suggesting potential future growth and profitability.
  • CDW Co. has a low debt-to-equity ratio, signifying a stable financial structure.
  • CDW Co. has a diverse product portfolio catering to various industries, reducing dependency on a single market segment.

Cons

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

  • CDW Co. faces intense competition in the technology sector, which could impact its market share and margins.
  • Market volatility and economic uncertainties may affect CDW Co.'s stock price performance.
  • CDW Co. operates in a rapidly evolving industry, requiring continuous innovation and adaptation to stay competitive.
  • Fluctuations in foreign exchange rates could impact CDW Co.'s international operations and financial results.
  • CDW Co.'s high P/E ratio indicates that the stock may be overvalued compared to its earnings potential.
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 Sunday, June 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?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last twelve months. There are currently 2 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?

9 Wall Street analysts have issued 1 year price objectives for CDW's shares. Their CDW share price targets range from $216.00 to $300.00. On average, they expect the company's stock price to reach $250.00 in the next year. This suggests a possible upside of 11.5% from the stock's current price.
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 on January 1st, 2024. Since then, CDW stock has decreased by 1.4% and is now trading at $224.24.
View the best growth stocks for 2024 here
.

Are investors shorting CDW?

CDW saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,070,000 shares, a decrease of 18.2% from the April 30th total of 2,530,000 shares. Based on an average daily trading volume, of 701,400 shares, the short-interest ratio is presently 3.0 days. Currently, 1.6% of the shares of the company 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, August 7th 2024.
View our CDW earnings forecast
.

How were CDW's earnings last quarter?

CDW Co. (NASDAQ:CDW) announced its quarterly earnings data on Wednesday, May, 1st. The information technology services provider reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.04 by $0.15. The information technology services provider earned $4.87 billion during the quarter, compared to the consensus estimate of $4.94 billion. CDW had a trailing twelve-month return on equity of 67.56% and a net margin of 5.16%.

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

CDW announced a quarterly dividend on Thursday, May 23rd. Stockholders of record on Friday, May 24th will be given a dividend of $0.62 per share on Tuesday, June 11th. This represents a $2.48 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, May 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 1.12%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 30.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDW will have a dividend payout ratio of 23.46% 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 of Directors has initiated a stock buyback program on Wednesday, February 7th 2024, which authorizes the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.21%), Mawer Investment Management Ltd. (2.31%), Longview Partners Guernsey LTD (2.25%), Mitsubishi UFJ Asset Management Co. Ltd. (1.07%), Cantillon Capital Management LLC (1.03%) and Bank of New York Mellon Corp (0.74%). Insiders that own company stock include Albert Joseph Miralles Jr, Christina M Corley, Christina M Corley, Christine A Leahy and Donna F Zarcone.
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 6/8/2024 by MarketBeat.com Staff

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