Free Trial
NASDAQ:CDW

CDW (CDW) Stock Price, News & Analysis

$221.62
-1.70 (-0.76%)
(As of 09/18/2024 ET)

About CDW Stock (NASDAQ:CDW)

Key Stats

Today's Range
$221.31
$225.84
50-Day Range
$206.67
$239.84
52-Week Range
$185.04
$263.37
Volume
528,075 shs
Average Volume
824,316 shs
Market Capitalization
$29.79 billion
P/E Ratio
27.67
Dividend Yield
1.12%
Price Target
$254.63
Consensus Rating
Moderate Buy

Company Overview

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 Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 95th Percentile

CDW scored higher than 95% of companies evaluated by MarketBeat, and ranked 64th out of 669 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    CDW has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    CDW has only been the subject of 2 research reports in the past 90 days.

  • Read more about CDW's stock forecast and price target.
  • Earnings Growth

    Earnings for CDW are expected to grow by 9.04% in the coming year, from $9.40 to $10.25 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of CDW is 27.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of CDW is 27.67, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 268.36.

  • Price to Earnings Growth Ratio

    CDW has a PEG Ratio of 3.27. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    CDW has a P/B Ratio of 14.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about CDW's valuation and earnings.
  • Percentage of Shares Shorted

    2.79% of the float of CDW has been sold short.
  • Short Interest Ratio / Days to Cover

    CDW has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in CDW has recently increased by 15.22%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    CDW pays a meaningful dividend of 1.13%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    CDW does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of CDW is 30.96%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, CDW will have a dividend payout ratio of 24.20% next year. This indicates that CDW will be able to sustain or increase its dividend.

  • Read more about CDW's dividend.
  • Percentage of Shares Shorted

    2.79% of the float of CDW has been sold short.
  • Short Interest Ratio / Days to Cover

    CDW has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in CDW has recently increased by 15.22%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    CDW has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for CDW this week, compared to 8 articles on an average week.
  • Search Interest

    25 people have searched for CDW on MarketBeat in the last 30 days. This is an increase of 127% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added CDW to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, CDW insiders have sold 1,609.14% more of their company's stock than they have bought. Specifically, they have bought $259,380.00 in company stock and sold $4,433,177.00 in company stock.

  • Percentage Held by Insiders

    Only 0.90% of the stock of CDW is held by insiders.

  • Percentage Held by Institutions

    93.15% of the stock of CDW is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about CDW's insider trading history.

CDW Stock News Headlines

CDW Dec 2024 200.000 put (CDW241220P00200000)
Firebolt Introduces Industry-First Low Latency Cloud Data Warehouse
Curious About AI's Next Big Winners? 🚀
Wondering which AI stocks are set to soar in 2024? We’ve identified the top 3, and we're excited to share them with you! Unlock immediate access to our exclusive report and discover... the key players and strategic insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.
Brokerages Set CDW Co. (NASDAQ:CDW) PT at $254.63
See More Headlines

CDW Stock Analysis - Frequently Asked Questions

CDW's stock was trading at $227.32 at the beginning of 2024. Since then, CDW stock has decreased by 2.5% and is now trading at $221.62.
View the best growth stocks for 2024 here
.

CDW Co. (NASDAQ:CDW) announced its quarterly earnings data on Wednesday, July, 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.39 by $0.05. CDW's revenue was down 3.6% compared to the same quarter last year.
Read the conference call transcript
.

CDW's Board of Directors initiated a stock buyback program on Wednesday, February 7th 2024, which permits the company to buy back $750,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

CDW subsidiaries include Aptris Inc, Scalar Decisions, Kelway TopCo Limited, Berbee, CDW Canada Corp., CDW Direct LLC, CDW Finance Bidco Limited, and more.

CDW's top institutional shareholders include Select Equity Group L.P. (3.61%), Mawer Investment Management Ltd. (2.31%), Longview Partners Guernsey LTD (1.98%) and Dimensional Fund Advisors LP (0.96%). Insiders that own company stock include Christine A Leahy, Christina M Corley, Sona Chawla, Donna F Zarcone and Albert Joseph Miralles Jr.
View institutional ownership trends
.

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.

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

Company Calendar

Last Earnings
7/31/2024
Ex-Dividend for 9/10 Dividend
8/26/2024
Dividend Payable
9/10/2024
Today
9/18/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$254.63
High Stock Price Target
$300.00
Low Stock Price Target
$216.00
Potential Upside/Downside
+14.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
6.96%

Debt

Sales & Book Value

Annual Sales
$20.94 billion
Cash Flow
$12.04 per share
Book Value
$15.25 per share

Miscellaneous

Free Float
133,188,000
Market Cap
$29.79 billion
Optionable
Optionable
Beta
1.04

Social Links

Should I Buy CDW Stock? CDW Pros and Cons Explained

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, September 8, 2024. Please send any questions or comments about these CDW pros and cons to contact@marketbeat.com.

CDW
Bull Case

green Wall Street bull icon

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

  • CDW Co. stock price has shown a 2.4% increase, reaching $221.87, indicating positive market sentiment.
  • CDW Co. has consistently paid quarterly dividends, with a current annualized dividend of $2.48 and a yield of 1.16%, providing a steady income stream for investors.
  • Analysts forecast CDW Co. to post earnings per share of $9.6 for the current fiscal year, reflecting strong financial performance.
  • Insiders have been actively involved in trading CDW Co. shares, with recent acquisitions and sales indicating confidence in the company's future prospects.
  • Wall Street analysts have given CDW Co. a "Moderate Buy" rating with a consensus price target of $254.63, suggesting potential for stock price appreciation.

CDW
Bear Case

red Wall Street bear icon

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

  • CDW Co. has experienced fluctuations in its stock price, which may introduce volatility and uncertainty for investors.
  • The company's debt-to-equity ratio of 2.03 indicates a relatively high level of debt, potentially increasing financial risk.
  • Some analysts have lowered their price targets for CDW Co., suggesting a cautious outlook on the stock's future performance.
  • Market conditions and industry competition could impact CDW Co.'s growth prospects and market position, affecting investor returns.
  • While insiders have been active in trading CDW Co. shares, insider transactions may not always align with long-term shareholder interests.

This page (NASDAQ:CDW) was last updated on 9/18/2024 by MarketBeat.com Staff
From Our Partners