Somewhat Positive Press Coverage Somewhat Unlikely to Impact CDW Corporation (CDW) Stock Price
News stories about CDW Corporation (NASDAQ:CDW) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CDW Corporation earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 45.618587350103 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- CFO Moves: CDW Corp., Wedbush Securities – Wall Street Journal (blog) (blogs.wsj.com)
- CDW CFO plans retirement (financial-news.co.uk)
- CDW Corp. :CDW-US: Earnings Analysis: Q2, 2017 By the Numbers : October 11, 2017 (finance.yahoo.com)
- CDW Corporation (CDW) Insider Neal J. Campbell Sells 2,400 Shares (americanbankingnews.com)
Several equities research analysts have recently issued reports on CDW shares. Zacks Investment Research cut shares of CDW Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of CDW Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Barclays PLC cut shares of CDW Corporation from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective for the company. in a research report on Monday, July 24th. Royal Bank Of Canada boosted their price target on shares of CDW Corporation from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, June 26th. Finally, Robert W. Baird set a $71.00 price target on shares of CDW Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $66.95.
Shares of CDW Corporation (NASDAQ CDW) opened at 69.04 on Thursday. The stock has a market capitalization of $10.69 billion, a PE ratio of 26.21 and a beta of 1.08. CDW Corporation has a 12 month low of $43.64 and a 12 month high of $71.53. The company has a 50-day moving average of $63.88 and a 200-day moving average of $61.53.
CDW Corporation (NASDAQ:CDW) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. CDW Corporation had a net margin of 2.95% and a return on equity of 58.89%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the prior year, the firm posted $0.93 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that CDW Corporation will post $3.83 EPS for the current fiscal year.
CDW Corporation declared that its board has approved a share buyback plan on Thursday, August 3rd that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, insider Neal J. Campbell sold 2,400 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $69.30, for a total value of $166,320.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan J. Stevens sold 6,700 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $64.04, for a total transaction of $429,068.00. Following the completion of the transaction, the insider now owns 90,366 shares in the company, valued at $5,787,038.64. The disclosure for this sale can be found here. Insiders have sold a total of 110,571 shares of company stock worth $6,888,441 over the last quarter. 2.60% of the stock is currently owned by insiders.
CDW Corporation Company Profile
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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