CDW Corporation: Expect Some Recovery In Hardware Spending [Seeking Alpha]
CDW Corporation (CDW)
Last cdw corporation earnings: 2/6 07:00 am
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US:NASDAQ Investor Relations:
investor.cdw.com
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Source: Seeking Alpha
The company expects a moderate market recovery in FY24, with potential growth in the second half of the year. CDW's ongoing shift towards software/services is expected to be a long-term margin driver, and the company maintains a robust balance sheet. I wrote the initiation article on CDW Corporation ( NASDAQ: CDW ) in January 2024, highlighting their revenue mix shifting towards software/services. Since then, their stock price has increased by 15%. While the company experiences a weakness in their corporate and small business hardware spending, I am optimistic that CDW will maintain their long-term growth algorithm of double-digit earnings growth. I reiterate with ‘Buy' rating with a fair value of $300 per share. Weakness in Corporate and Small Business They finished FY23 with -9.9% revenue growth in constant currency and -0.6% adjusted operating income growth, as depicted in the chart below. They generated $1.45 billion in free cash flow, allocating $322 million towards divi
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CDW
News
- CDW to Announce First Quarter 2024 Results on May 1Business Wire
- Here's Why CDW Corporation (CDW) Can Maintain Superior Returns in All Scenarios [Yahoo! Finance]Yahoo! Finance
- CDW Co. (NASDAQ: CDW) had its price target raised by analysts at JPMorgan Chase & Co. from $267.00 to $280.00. They now have an "overweight" rating on the stock.MarketBeat
- CDW Co. (NASDAQ: CDW) had its price target raised by analysts at Citigroup Inc. from $255.00 to $295.00. They now have a "buy" rating on the stock.MarketBeat
- Verkada launches new Integration Program, empowering customers with expanded functionality and interoperability [Yahoo! Finance]Yahoo! Finance
CDW
Earnings
- 2/7/24 - Beat
CDW
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- CDW's page on the SEC website