CDW (CDW) Getting Somewhat Positive Press Coverage, Report Shows
News coverage about CDW (NASDAQ:CDW) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CDW earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the information technology services provider an impact score of 46.5659219605184 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- CDW Corp (CDW) Insider Neal J. Campbell Sells 2,400 Shares (americanbankingnews.com)
- CDW Corp. breached its 50 day moving average in a Bearish Manner : CDW-US : December 7, 2017 (finance.yahoo.com)
- CDW Corp (CDW) Insider Sells $464,310.00 in Stock (americanbankingnews.com)
- Optoma Introduces New Line of High Brightness Projectors for Classroom and Corporate Environments (ravepubs.com)
- New CDW Electric Cutter Suction Dredger for James D. Morrissey (dredgingtoday.com)
CDW (NASDAQ:CDW) traded up $0.74 during mid-day trading on Friday, hitting $69.76. The stock had a trading volume of 823,497 shares, compared to its average volume of 811,900. CDW has a 12-month low of $50.49 and a 12-month high of $71.53. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20. The stock has a market cap of $10,670.00, a PE ratio of 19.33 and a beta of 1.06.
CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.06. CDW had a return on equity of 62.71% and a net margin of 2.90%. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. equities analysts forecast that CDW will post 3.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 24th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, November 22nd. This is a boost from CDW’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a yield of 1.20%. CDW’s payout ratio is currently 31.11%.
CDW has been the subject of a number of recent research reports. Raymond James Financial downgraded CDW from a “market perform” rating to an “underperform” rating in a research note on Friday, October 13th. BidaskClub cut CDW from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price objective on shares of CDW in a research report on Tuesday, September 12th. Morgan Stanley lifted their price objective on CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $71.00 price objective on shares of CDW in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. CDW has a consensus rating of “Buy” and a consensus target price of $67.85.
In related news, insider Neal J. Campbell sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $68.22, for a total value of $163,728.00. Following the transaction, the insider now directly owns 28,479 shares of the company’s stock, valued at approximately $1,942,837.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christine A. Leahy sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $69.94, for a total value of $839,280.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,759 shares of company stock worth $8,814,937. 2.60% of the stock is owned by 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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