CDW Corp (CDW) Releases Earnings Results, Beats Expectations By $0.02 EPS

CDW Corp (CDW) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.65. The company posted revenue of $3116.70 million in the period, compared to analysts expectations of $3101.21 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on CDW Corp. CDW Corp was Downgraded by Raymond James to ” Mkt Perform” on Apr 25, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 46 from a previous price target of $51 .Shares were Reiterated by Barclays on Feb 10, 2016 to “Overweight” and Lowered the Price Target to $ 47 from a previous price target of $51 .

CDW Corp closed down -0.07 points or -0.18% at $38.43 with 8,35,225 shares getting traded on Monday. Post opening the session at $38.38, the shares hit an intraday low of $38.2 and an intraday high of $39.33 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 11, 2016, Neil B Fairfield (VICE PRESIDENT & CONTROLLER) sold 2,791 shares at $40.44 per share price. According to the SEC, on Dec 11, 2015, Paul J Finnegan (director) sold 636,892 shares at $44.05 per share price. On Dec 11, 2015, Glenn M Creamer (director) sold 563,108 shares at $44.05 per share price, according to the Form-4 filing with the securities and exchange commission.

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada. Its offerings include mobility security data center optimization cloud computing virtualization and collaboration. The Company offers products for Corporate and Public. Corporate offerings are offered for private sector business customers. Public customers include Government agencies and education and healthcare institutions. CDW has three segments CDW Advanced Services Canada and Kelway TopCo Limited (Kelway). The Company is a sales channel partner for many original equipment manufacturers (OEMs) and software publishers (collectively its vendor partners) whose products it sells or include in the solutions CDW offers. The Company helps its customer base of more than 250000 small medium and large business government education and healthcare customers by delivering solutions to their IT needs.

CDW Corp

Leave a Reply

CDW Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on CDW Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.