Vernon Hills, CDW Corporation, based in Illinois, provides IT solutions (IT) in the United States, the United Kingdom and Canada. With the maximum market of $ 21.5 billion, CDW operates through the sectors of companies and small companies.
Companies of $ 10 billion or more are described as “large shares”. CDW is directly proportional to this category, with the maximum of the market exceeding this threshold, which reflects its size and significant impact in the information technology services industry.
Despite its noticeable strength points, CDW shares decreased by 28.8 % of its highest level in 52 weeks at $ 230.86 on September 20, 2024. At the same time, the stock fell approximately 6 % over the past three months, especially the NASDAQ compound (NASX $) 12.6 % during the same time frame.
CDW’s performance remained dark in the long term as well. CDW has decreased by 5.6 % in 2025 and has decreased by 24.9 % over the past 52 weeks, which led to NASX’s poor performance by 14.7 % on the basis of YTD and 26 % increase during the past year.
CDW has been traded mostly less than 200 days average during the past year, with slight fluctuations and less than 50 -day moving averages since late August, confirming its declining direction.
CDW shares prices have noticed a marginal rise in the trading session after the Q2 results are better than expected on August 6. The net CDW sales for a quarter increased by 10.2 % on an annual basis to about $ 6 billion, exceeding 8.6 % street expectations. Meanwhile, I noticed a slight contraction in the total margins, which led to a more modest growth of 3.9 % in EPS other than GAP to $ 2.60, which also exceeded the unanimity estimates with a noticeable margin.
CDW surpassed its counterpart, Gartner, Inc. (IT) 49 % based on YTD and 51.1 % decreased over 52 weeks, by a big difference.
Among the 12 analysts covering the CDW share, the consensus rating is a “moderate purchase”. The average target price means $ 206.80 to up to up bullish capabilities of 25.9 % of current price levels.
On the date of publication, Aditya Sarawi did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
https://media.zenfs.com/en/barchart_com_477/1bf1b5063aab175ac3276545e25ce7d7
Source link