CDW Corporation displayed a mixed performance in recent stock market moves. The company's stock outperformed its competitors on a couple of occasions but also showed signs of underperformance, despite daily gains. There were fluctuations in analysts' price targets, with firms like Stifel Nicolaus, JPMorgan Chase & Co., and Barclays cutting their price targets to $250.00, $265.00, and $232.00 respectively. CDW's Q1 earnings fell short of estimates and the company also reported quarterly revenues decreasing year-over-year. On the positive side, CDW declared a quarterly cash dividend of $0.62 per share and secured investments from the likes of Victory Capital Management Inc., First Trust Direct Indexing L.P., and Russell Investments Group Ltd. CDW Corporation's CEO, Leahy, spoke about customers exploring possibilities with AI, indicating avenues of innovation in the company. However, the company's earnings missed analysts' expectations multiple times impacting the overall outlook negatively.
Cdw Corporation CDW News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Fri, 10 May 2024 04:59:41 GMT -
Rating 0
- Innovation 4
- Information 6
- Rumor 2
