CDW (CDW)
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CDW Stock Falls 21% in 3 Months: Should You Buy, Sell or Hold?
ZACKS· 2024-12-24 18:16
CDW Corporation (CDW) shares have lost 20.7% over the past three months, underperforming the broader Zacks Computer and Technology sector’s return of 6.7% and the Zacks Computers - IT Services industry’s growth of 7.4%.It has also lagged its key industry peers, including Grid Dynamics (GDYN) , Accenture (ACN) and DXC Technology’s (DXC) gains of 48.8%, 6.7% and 5.4%, respectively.The underperformance was primarily led by a 2% decline in net sales to $5.52 billion for the third quarter of 2024, falling short ...
Will CDW's Acquisition of Mission Cloud Services Propel Stock Growth?
ZACKS· 2024-12-03 15:55
CDW Corporation (CDW) recently solidified its portfolio with the acquisition of Mission Cloud Services Inc., a prominent Amazon Web Services (“AWS”)-focused professional services, managed services and consulting provider. The initiative not only complements CDW's Digital Velocity division, which encompasses cloud, data, AI, and software platform engineering but also expands its market footprint in cloud services. Mission leverages its AWS certification in generative AI to help customers securely transform d ...
D&H Distributing Recognized as CDW 2024 Large Distributor Partner of the Year
GlobeNewswire News Room· 2024-11-20 16:54
HARRISBURG, Pa., Nov. 20, 2024 (GLOBE NEWSWIRE) -- D&H Distributing, a leading provider of technology solutions to the North American channel, announces it was named 2024 CDW Large Distributor Partner of the Year. CDW’s Partner of the Year Awards were presented on November 14 during the 2024 CDW Partner Summit in Las Vegas, honoring CDW partners that represent the power of modern, customer-first partnerships and provided exemplary products, programs, solutions and services to support CDW and its customers t ...
CDW (CDW) - 2024 Q3 - Quarterly Report
2024-10-30 20:04
Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share CDW Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...
CDW (CDW) - 3202 Q3 - Earnings Call Transcript
2024-10-30 15:25
CDW Corporation (NASDAQ:CDW) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Steve O'Brien - Vice President-Investor Relations Chris Leahy - Chair and Chief Executive Officer Al Miralles - Senior Vice President and Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James David Vogt - UBS Erik Woodring - Morgan Stanley Amit Daryanani - Evercore Matt Sheerin - Stifel Keith Housum - Northcoast Research Samik Chatterjee - JPMorgan Operator Good morning a ...
CDW's Q3 Earnings & Revenues Miss Estimates, Fall Y/Y, Stock Down
ZACKS· 2024-10-30 15:20
CDW Corporation (CDW) reported third-quarter 2024 non-GAAP earnings per share (EPS) of $2.63, missing the Zacks Consensus Estimate of $2.84. Also, the bottom line fell 3.2% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company's revenues dipped 2% year over year to $5.517 billion. The downside reflects a challenging economic landscape that has led to slower customer decision-making on technology spending, dampened by soft sales in the Corporate and Public segm ...
CDW (CDW) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-30 14:35
CDW (CDW) reported $5.52 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 2%. EPS of $2.63 for the same period compares to $2.72 a year ago.The reported revenue represents a surprise of -3.49% over the Zacks Consensus Estimate of $5.72 billion. With the consensus EPS estimate being $2.84, the EPS surprise was -7.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
CDW (CDW) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-30 13:16
CDW (CDW) came out with quarterly earnings of $2.63 per share, missing the Zacks Consensus Estimate of $2.84 per share. This compares to earnings of $2.72 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -7.39%. A quarter ago, it was expected that this information technology company would post earnings of $2.51 per share when it actually produced earnings of $2.50, delivering a surprise of -0.40%. Over the last four quarters, t ...
CDW (CDW) - 2024 Q3 - Quarterly Results
2024-10-30 11:03
EXHIBIT 99.1 2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|-------|-----------------------|-------|--------------------------|----------------|----------------------|-------|--------------------------|--------------| | (Dollars in millions, except \nper share amounts and percentage) | | Three Months \n2024 | | Ended September \n2023 | 30, \n% Chg. | Nine Months \n2024 | | Ended September \n2023 | 30, \n% Chg. | ...
Curious about CDW (CDW) Q3 Performance? Explore Wall Street Estimates for Key Metrics
ZACKS· 2024-10-28 14:21
Wall Street analysts expect CDW (CDW) to post quarterly earnings of $2.85 per share in its upcoming report, which indicates a year-over-year increase of 4.8%. Revenues are expected to be $5.73 billion, up 1.8% from the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Prior to a company's earnings release, ...