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NASDAQ:CDW

CDW (CDW) Stock Price, News & Analysis

$227.32
-1.38 (-0.60%)
(As of 12/29/2023 ET)
Compare
Today's Range
$226.62
▼
$229.31
50-Day Range
$197.05
▼
$228.73
52-Week Range
$160.66
▼
$229.42
Volume
564,169 shs
Average Volume
1.15 million shs
Market Capitalization
$30.45 billion
P/E Ratio
28.38
Dividend Yield
1.09%
Price Target
$213.20
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

CDW MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
6.2% Downside
$213.20 Price Target
Short Interest
Healthy
1.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
0.76mentions of CDW in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$10.65 M Sold Last Quarter
Proj. Earnings Growth
4.49%
From $9.36 to $9.78 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Computer And Technology Sector

190th out of 589 stocks

Catalog & Mail - Order Houses Industry

5th out of 22 stocks

See Top Rated MarketRank™ Stocks Here

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, hybrid, and cloud capabilities across hybrid infrastructure, digital experience, and security. Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage, and others; and software products consists of 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

December 30, 2023 | finance.yahoo.com
Should You Be Adding CDW (NASDAQ:CDW) To Your Watchlist Today?
December 29, 2023 | msn.com
Brother MFC-L3780 CDW review: quick color for your small business
December 31, 2023 | Behind the Markets (Ad)
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December 27, 2023 | nasdaq.com
CDW Crosses Above Average Analyst Target
December 25, 2023 | finance.yahoo.com
Is CDW Corporation (NASDAQ:CDW) A High Quality Stock To Own?
December 21, 2023 | finance.yahoo.com
Those who invested in CDW (NASDAQ:CDW) five years ago are up 196%
December 19, 2023 | benzinga.com
Here's How Much You Would Have Made Owning CDW Stock In The Last 5 Years
December 18, 2023 | msn.com
Nasdaq-100 Modified! New companies added to index, trading begins from today
December 31, 2023 | MarketBeat Internal (Ad)
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December 15, 2023 | finance.yahoo.com
Investors Shouldn't Overlook The Favourable Returns On Capital At CDW (NASDAQ:CDW)
December 13, 2023 | msn.com
Morgan Stanley Downgrades CDW (CDW)
December 12, 2023 | realmoney.thestreet.com
Morgan Stanley gets more bearish on CDW, downgrades shares
December 12, 2023 | markets.businessinsider.com
4 Analysts Have This to Say About CDW
December 11, 2023 | seekingalpha.com
Wall Street Breakfast Podcast: Macy's Receives Buyout Offer
December 5, 2023 | au.finance.yahoo.com
CDW Corporation (CDW)
December 1, 2023 | finance.yahoo.com
CDW (CDW) Up 2% Since Last Earnings Report: Can It Continue?
November 22, 2023 | benzinga.com
Peering Into CDW's Recent Short Interest
November 21, 2023 | benzinga.com
$100 Invested In CDW 5 Years Ago Would Be Worth This Much Today
November 21, 2023 | finance.yahoo.com
Focus on These 4 Stocks That Recently Hiked Dividends
November 21, 2023 | finance.yahoo.com
CDW Corp's Dividend Analysis
November 21, 2023 | finance.yahoo.com
There's Been No Shortage Of Growth Recently For CDW Holding's (SGX:BXE) Returns On Capital
November 20, 2023 | benzinga.com
Investigating CDW's Standing In Electronic Equipment, Instruments & Components Industry Compared To Competitors
November 20, 2023 | finance.yahoo.com
Arctic Wolf Recognized as a 2023 CDW Partner of the Year
November 17, 2023 | finance.yahoo.com
CDW (NASDAQ:CDW) Could Be A Buy For Its Upcoming Dividend
November 15, 2023 | morningstar.com
CDW Corp CDW
November 6, 2023 | benzinga.com
Inquiry Into CDW's Competitor Dynamics In Electronic Equipment, Instruments & Components Industry
November 6, 2023 | seekingalpha.com
Holding On To CDW Corp., A Profitable Tech Distributor Facing Growth Headwinds
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Ex-Dividend for 12/12 Dividend
11/22/2023
Dividend Payable
12/12/2023
Today
12/31/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/14/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Catalog & mail-order houses
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:CDW
CUSIP
N/A
CIK
1402057
Web
www.cdw.com
Phone
(847) 465-6000
Fax
N/A
Employees
10,600
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$213.20
High Stock Price Target
$250.00
Low Stock Price Target
$185.00
Potential Upside/Downside
-6.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.01
Trailing P/E Ratio
28.38
Forward P/E Ratio
24.29
P/E Growth
1.85
Net Income
$1.11 billion
Net Margins
5.03%
Pretax Margin
6.66%
Return on Equity
78.15%
Return on Assets
9.96%

Debt

Debt-to-Equity Ratio
3.13
Current Ratio
1.35
Quick Ratio
1.20

Sales & Book Value

Annual Sales
$23.75 billion
Price / Sales
1.28
Cash Flow
$11.60 per share
Price / Cash Flow
19.59
Book Value
$11.84 per share
Price / Book
19.20

Miscellaneous

Outstanding Shares
133,960,000
Free Float
132,821,000
Market Cap
$30.45 billion
Optionable
Optionable
Beta
1.09

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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 Friday, December 22, 2023 at 8:32 AM.

Pros

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

  • Strong Institutional Investor Support: CDW Co. has attracted significant investments from institutional investors, such as Longview Partners Guernsey LTD and National Bank of Canada FI. This indicates confidence in the company's potential for growth and stability.
  • Positive Analyst Ratings: Wall Street analysts have given CDW Co. positive ratings, with several analysts assigning a "buy" rating to the stock. This suggests that experts in the field believe in the company's prospects.
  • Recent Increase in Holdings: Longview Partners Guernsey LTD and National Bank of Canada FI have both increased their holdings in CDW Co. This indicates that these institutional investors see value in the company and expect it to perform well in the future.
  • Strong Financial Performance: CDW Co. has demonstrated strong financial performance, as evidenced by its consistent growth in revenue and profitability. This indicates that the company is well-managed and has a solid business model.
  • Positive Market Outlook: CDW Co. operates in the information technology services sector, which is expected to experience significant growth in the coming years. This presents opportunities for CDW Co. to expand its market share and increase its revenue.

Cons

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

  • Competition in the IT Services Industry: CDW Co. operates in a highly competitive industry, with many other companies offering similar services. This could potentially impact CDW Co.'s market share and profitability.
  • Dependence on Economic Conditions: CDW Co.'s performance is closely tied to the overall state of the economy. In times of economic downturn, businesses may reduce their IT spending, which could negatively impact CDW Co.'s revenue.
  • Potential Regulatory Changes: The IT services industry is subject to various regulations, and changes in regulations could impact CDW Co.'s operations and profitability. Investors should stay informed about any potential regulatory changes that could affect the company.
  • Market Volatility: Like any publicly traded company, CDW Co.'s stock price is subject to market volatility. Investors should be prepared for fluctuations in the stock price and potential short-term losses.
  • Dependence on Key Customers: CDW Co. may have a significant portion of its revenue coming from a few key customers. Any loss of these customers or a decline in their business could have a negative impact on CDW Co.'s financial performance.














CDW Stock Analysis - Frequently Asked Questions

Should I buy or sell CDW stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 research analysts have issued 12-month price targets for CDW's stock. Their CDW share price targets range from $185.00 to $250.00. On average, they expect the company's share price to reach $213.20 in the next twelve months. This suggests that the stock has a possible downside of 6.2%.
View analysts price targets for CDW or view top-rated stocks among Wall Street analysts.

How have CDW shares performed in 2023?

CDW's stock was trading at $178.58 on January 1st, 2023. Since then, CDW shares have increased by 27.3% and is now trading at $227.32.
View the best growth stocks for 2023 here.

When is CDW's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our CDW earnings forecast.

How were CDW's earnings last quarter?

CDW Co. (NASDAQ:CDW) issued its quarterly earnings data on Wednesday, November, 1st. The information technology services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $2.44 by $0.16. The information technology services provider earned $5.63 billion during the quarter, compared to the consensus estimate of $5.82 billion. CDW had a trailing twelve-month return on equity of 78.15% and a net margin of 5.03%.

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

CDW announced a quarterly dividend on Wednesday, November 22nd. Shareholders of record on Friday, November 24th will be paid a dividend of $0.62 per share on Tuesday, December 12th. This represents a $2.48 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, November 22nd. This is an increase from the stock's previous quarterly dividend of $0.59.
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 1.09%. 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 30.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDW will have a dividend payout ratio of 25.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CDW.

What ETFs hold CDW's stock?

ETFs with the largest weight of CDW (NASDAQ:CDW) stock in their portfolio include Argent Mid Cap ETF (AMID), BTD Capital Fund (DIP), VictoryShares Nasdaq Next 50 ETF (QQQN), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Invesco NASDAQ Next Gen 100 ETF (QQQJ), Invesco Zacks Mid-Cap ETF (CZA), Harbor Dividend Growth Leaders ETF (GDIV) and Invesco S&P 500 Equal Weight Technology ETF (RSPT).

How will CDW's stock buyback program work?

CDW announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 8th 2023, which permits the company to repurchase $750,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors 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).

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 12/31/2023 by MarketBeat.com Staff

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