CDW's stock surges after providing upbeat profit, sales outlook as COVID-19 boosts demand for IT services [MarketWatch]
CDW Corporation (CDW)
Last cdw corporation earnings: 2/6 07:00 am
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Source: MarketWatch
Shares of CDW Corp. surged 3.4% in premarket trading Thursday, after the information technology company provided estimates for first-quarter profit and sales that were above expectations, as the COVID-19 pandemic has boosted demand from customers looking to increase technology capabilities. The company expects net income of $1.16 a share, which is up from $1.02 a year ago. Excluding non-recurring items, CDW expects adjusted earnings per share of $1.38, which is above the FactSet consensus of $1.29. The company expects to report sales of $4.39 billion, up from $3.96 billion and above the FactSet consensus of $4.15 billion. The company withdrew its full-year outlook. "Given the depth and duration of the pandemic is unknown, it is too early to predict the full impact of COVID-19 on our business," said Chief Executive Christine Leahy. The stock has lost 28.1% over the past three months through Wednesday, while the S&P 500 has declined 16.1%.
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CDW
News
- CDW (NASDAQ:CDW) was given a new $185.00 price target on by analysts at Raymond James Financial, Inc..MarketBeat
- CDW (NASDAQ:CDW) was upgraded by analysts at Raymond James Financial, Inc. from an "outperform" rating to a "strong-buy" rating.MarketBeat
- The Zacks Analyst Blog CDW, California Resources, Exxon Mobil Corp and Entergy [Yahoo! Finance]Yahoo! Finance
- CDW (NASDAQ:CDW) was given a new $190.00 price target on by analysts at UBS Group AG.MarketBeat
- CDW (NASDAQ:CDW) was given a new $148.00 price target on by analysts at Barclays PLC.MarketBeat
CDW
Earnings
- 11/4/25 - Beat
CDW
Sec Filings
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- 11/4/25 - Form 10-Q
- CDW's page on the SEC website