Press coverage about CDW (NASDAQ:CDW) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CDW earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 45.0968016820729 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- NAES: Managing energy the smart way through continual technological innovation (energydigital.com)
- Christine A. Leahy Sells 4,000 Shares of CDW Corp (CDW) Stock (americanbankingnews.com)
- Rowe Price Group, Inc. (TROW) Stock Is An All-Time High Flier (nismagazine.com)
- Insider Selling: CDW Corp (CDW) Insider Sells 4,000 Shares of Stock (americanbankingnews.com)
- CDW (CDW) Downgraded by Zacks Investment Research to Sell (americanbankingnews.com)
A number of brokerages have recently weighed in on CDW. Zacks Investment Research lowered shares of CDW from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub raised shares of CDW from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Barclays reissued a “hold” rating and set a $69.00 price objective on shares of CDW in a report on Sunday, November 5th. Finally, Morgan Stanley boosted their price objective on shares of CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. CDW presently has a consensus rating of “Buy” and an average target price of $67.85.
CDW (NASDAQ CDW) traded up $0.15 during trading hours on Friday, reaching $72.88. 669,307 shares of the company’s stock traded hands, compared to its average volume of 748,125. CDW has a one year low of $50.49 and a one year high of $74.01. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37. The stock has a market capitalization of $11,160.00, a price-to-earnings ratio of 26.99 and a beta of 1.06.
CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. CDW had a net margin of 2.90% and a return on equity of 62.71%. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. research analysts predict that CDW will post 3.64 EPS for the current year.
In other CDW news, insider Thomas E. Richards sold 15,207 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $66.25, for a total value of $1,007,463.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christina V. Rother sold 7,702 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $66.71, for a total transaction of $513,800.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,524 shares of company stock worth $7,233,824. 2.60% of the stock is owned by corporate insiders.
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CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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