CDW Corporation, a multi-brand technology solutions provider, has been consistently underperforming the market despite occasional rises in their stocks. Their financial health causes concerns with their relatively high
Debt-to-Equity ratio. Its Q2 and Q3 earnings have decreased year over year and missed the estimates, which has an impact on their stock performance as reflected in their
Momentum Rank. However, there is a shift in CDW's business towards software and services, which is expected to drive margin expansion. A key highlight is CDW's partnership with
CrowdStrike, which pushed the latter's sales over $1 billion, strengthening CDW's stand in the IT sector. Following these updates, CDW seems to be a good hardware stock to consider, as suggested by Goldman Sachs. Despite challenging demands and headwinds in 2024, CDW has shown potential in handling its debt responsibly, thus portraying solid long-term prospects. Nevertheless, the company has faced some criticisms such as lawsuits and layoffs.
CDW further attempts to expand its footprints through the acquisition of Sirius Computer Solutions for $2.5B and AWS partner Enquizit, without affected by the LockBit data leakage, suggesting a forward-looking approach.
Cdw Corporation CDW News Analytics from Mon, 18 Oct 2021 07:00:00 GMT to Sat, 12 Oct 2024 07:40:30 GMT -
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