CDW Corporation’s stock price dips to $218.11, marking a 6.18% decrease: Is it time to buy?

CDW Corporation (CDW)

218.11 USD -14.36 (-6.18%) Volume: 1.92M

CDW Corporation’s stock price stands at 218.11 USD, experiencing a decrease of -6.18% this trading session with a trading volume of 1.92M, reflecting a year-to-date (YTD) percentage change of -4.05%.

CDW Corporation on Smartkarma

Analysts at Baptista Research have provided bullish coverage of Cdw Corp/De on Smartkarma, highlighting the company’s strong performance in the face of a challenging market environment. In their research reports, they pointed out that CDW Corporation reported impressive Q1 2024 earnings, with gross profit reaching $1.1 billion and non-GAAP operating income standing at $404 million. The company also achieved a Q1 record gross margin, showcasing the resilience of CDW’s profitability and strategic integrity.

Furthermore, Baptista Research analysts emphasized CDW Corporation’s continued focus on AI investments and identified 5 major catalysts for future growth in their research on Smartkarma. Despite a 7.7% decrease in net sales compared to the previous year, the company delivered strong outcomes in the fourth quarter of monetary 2023. With gross profit reaching $1.15 billion and proportional non-GAAP operating income and non-GAAP net income per share showing year-on-year increases, CDW Corporation demonstrated its ability to adapt to market challenges and maintain its position as a trusted advisor in the IT hardware and solutions industry.

A look at CDW Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CDW Corp/De’s long-term outlook, as indicated by the Smartkarma Smart Scores, shows a mixed picture. While the company scores well in terms of dividends and growth potential, its value and resilience scores are on the lower side. This suggests that investors may find the company attractive for its dividend payouts and potential for growth, but may need to carefully consider its overall value and resilience in the face of market challenges.

CDW Corp/De, a provider of information technology products and services, has received varying scores across different factors according to Smartkarma Smart Scores. With a strong focus on dividends and growth, the company caters to a wide range of customers in various sectors. However, its scores for value and resilience indicate potential areas of concern that investors should keep in mind when evaluating the company’s long-term prospects.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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