ライブニュース • May 14
CDW Faces Margin Pressure and 20% Stock Drop Despite AI-Driven Q1 Revenue Growth and Buyback Expansion CDW reported Q1 FY2026 consolidated net sales of US$5.68b, about 9.2% higher year over year, with earnings per share of US$2.28 roughly in line with analyst expectations.
Growth was driven largely by demand for AI infrastructure hardware and related software and cloud solutions, although a tilt toward lower-margin hardware, higher operating costs, and supply chain issues kept operating margins flat and led to an adjusted operating income shortfall.
The Board expanded the share repurchase program by US$1b to about US$1.48b of total capacity and continues to return cash through dividends, including a quarterly US$0.63 per-share payout, while also planning US$100m to US$200m of growth investments through 2027 and 2028.
The combination of strong AI-related revenue, pressure on margins, and a 20% post-earnings share price drop presents a trade-off between growth exposure to AI infrastructure and the risk that profitability remains tight if the sales mix does not shift toward higher-margin offerings.
The enlarged buyback authorization and ongoing dividends indicate a priority on capital returns, but that needs to be weighed against execution risk around cost savings targets and the company’s stated goal to outpace broader U.S. IT market growth by 200 to 300 basis points in 2026. Declared Dividend • May 11
First quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 22nd May 2026 Payment date: 10th June 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 07
Price target decreased by 7.9% to US$153 Down from US$166, the current price target is an average from 10 analysts. New target price is 39% above last closing price of US$110. Stock is down 39% over the past year. The company is forecast to post earnings per share of US$9.02 for next year compared to US$8.12 last year. お知らせ • May 07
CDW Corporation announces Quarterly dividend, payable on June 10, 2026 CDW Corporation announced Quarterly dividend of USD 0.6300 per share payable on June 10, 2026, ex-date on May 22, 2026 and record date on May 25, 2026. Reported Earnings • May 06
Full year 2025 earnings released: EPS: US$8.12 (vs US$8.06 in FY 2024) Full year 2025 results: EPS: US$8.12. Revenue: US$22.4b (up 6.8% from FY 2024). Net income: US$1.07b (down 1.0% from FY 2024). Profit margin: 4.8% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in the US. New Risk • May 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 06
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to US$109. The fair value is estimated to be US$154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. お知らせ • Apr 23
Cdw Corporation Appoints Hang Tan as Chief Strategy and Transformation Officer, Effective April 27, 2026 CDW Corporation announced that Hang Tan will join the company on April 27, 2026, as Chief Strategy and Transformation Officer, reporting to Chair and Chief Executive Officer, Christine A. Leahy. He will be responsible for enterprise strategy, transformation office, and corporate development. Tan brings more than 20 years of experience driving strategy, corporate development and business operations at leading enterprise technology organizations. Most recently, as Chief Operating Officer of Hybrid Cloud at Hewlett Packard Enterprise, he was instrumental in scaling the company’s hybrid cloud business. Previously, as HPE’s Chief Strategy Officer, he also led Corporate FP&A and Venture Investments, guiding the company’s pivot to an as-a-service model. Earlier in his career, Tan spent a decade at Bain & Company as a Partner, advising global technology companies on growth strategy and transformation, and he began his career in software development at Microsoft. お知らせ • Apr 22
CDW Corporation to Report Q1, 2026 Results on May 06, 2026 CDW Corporation announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 お知らせ • Mar 30
CDW Corporation, Annual General Meeting, May 21, 2026 CDW Corporation, Annual General Meeting, May 21, 2026. Buy Or Sell Opportunity • Mar 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to US$118. The fair value is estimated to be US$150, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Buy Or Sell Opportunity • Mar 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to US$119. The fair value is estimated to be US$149, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.63 per share Eligible shareholders must have bought the stock before 25 February 2026. Payment date: 10 March 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (0.8%). Declared Dividend • Feb 06
Fourth quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 25th February 2026 Payment date: 10th March 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 05
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$8.12. Revenue: US$22.4b (up 6.8% from FY 2024). Net income: US$1.07b (down 1.0% from FY 2024). Profit margin: 4.8% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in the US. お知らせ • Feb 04
CDW Declares Quarterly Cash Dividend, Payable on March 10, 2026 CDW Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.630 per common share will be paid on March 10, 2026 to all stockholders of record as of the close of business on February 25, 2026. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Kelly Grier was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • Jan 21
CDW Corporation to Report Q4, 2025 Results on Feb 04, 2026 CDW Corporation announced that they will report Q4, 2025 results on Feb 04, 2026 Buy Or Sell Opportunity • Jan 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to US$125. The fair value is estimated to be US$159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Recent Insider Transactions • Dec 11
Insider recently sold US$1.1m worth of stock On the 8th of December, Sona Chawla sold around 7k shares on-market at roughly US$146 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions Derivative • Dec 10
Insider notifies of intention to sell stock Sona Chawla intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of December. If the sale is conducted around the recent share price of US$146, it would amount to US$1.1m. Since December 2024, Sona's direct individual holding has increased from 19.73k shares to 25.43k. Company insiders have collectively sold US$8.0m more than they bought, via options and on-market transactions in the last 12 months. お知らせ • Dec 04
Mission & CDW Announce Multi-Product Solutions in AWS Marketplace as Launch Partners Mission announced the availability of 6 integrated multi-product solutions in AWS Marketplace. As a launch partner for this new AWS Marketplace capability, Mission and CDW enable customers to streamline procurement of comprehensive cloud security, governance, and operations solutions through a unified approach that combines Mission's AWS Premier Tier Partner expertise with CDW's enterprise technology leadership. Mission and CDW are launching six multi-product solutions that combine best-in-class technologies with expert managed services: loud Gateway, Cloud Operate & Cloud Secure with CrowdStrike Falcon Platform. This comprehensive solution integrates foundational cloud governance with 24/7 managed security. It combines Mission Cloud Gateway for Cloud Management Platform tooling via Mission Control, Mission Cloud Operate for best-in-class monitoring and observability with New Relic, expert FinOps powered by Vega Cloud SaaS platform, CrowdStrike Falcon for security, and Mission Cloud Secure for 24/7 compliance management. Organizations gain complete visibility, expert management across three platforms, and unified governance for their AWS environment. This solution unifies cloud governance and operations by combining Mission Cloud Gateway service for Cloud Management Platform tooling via Mission Control with Mission Cloud Operate for best-in-class monitoring and observability using New Relic. Expert 24/7/365 operational support includes proactive monitoring, incident correlation, and Mission Control as the unified homebase. Organizations achieve operational excellence while maintaining governance and cost optimization across their AWS environment. This solution unifies security and operations by combining Mission Cloud Operate for best-in-class monitoring and observability with New Relic, CrowdStrike Falcon for advanced threat detection, and Mission Cloud Secure for comprehensive compliance management. Organizations gain 24/7/365 proactive monitoring, expert remediation, and unified governance across their AWS environment. Mission Cloud Secure integrates CrowdStrike's market-leading endpoint protection with Mission's security expertise to deliver continuous compliance auditing against frameworks like PCI, HIPAA, and SOC 2. Expert Security Operations Center support provides real-time threat detection, incident response, and simplified audit processes. This foundational solution combines Mission Cloud Gateway for Cloud Management Platform tooling with Mission Cloud Secure's 24/7 managed security powered by CrowdStrike Falcon. Organizations gain expert FinOps reporting, reservation management, and comprehensive security governance within a single unified offering. This integrated solution brings together Nutanix Cloud Clusters for agile, cloud-native infrastructure across on-premises and public clouds with CrowdStrike Falcon Cloud Workload Protection for industry-leading real-time security and threat detection. CDW Amplified™ Infrastructure services accelerate deployment, optimize performance, and provide expert support throughout the cloud journey. Organizations can innovate rapidly, protect workloads proactively, and streamline IT operations with unmatched flexibility, security, and operational efficiency. Upcoming Dividend • Nov 21
Upcoming dividend of US$0.63 per share Eligible shareholders must have bought the stock before 25 November 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (1.0%). Price Target Changed • Nov 06
Price target decreased by 11% to US$182 Down from US$203, the current price target is an average from 10 analysts. New target price is 29% above last closing price of US$142. Stock is down 30% over the past year. The company is forecast to post earnings per share of US$7.98 for next year compared to US$8.06 last year. Reported Earnings • Nov 04
Second quarter 2025 earnings released: EPS: US$2.06 (vs US$2.10 in 2Q 2024) Second quarter 2025 results: EPS: US$2.06 (down from US$2.10 in 2Q 2024). Revenue: US$5.98b (up 10% from 2Q 2024). Net income: US$271.2m (down 3.5% from 2Q 2024). Profit margin: 4.5% (down from 5.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to US$142. The fair value is estimated to be US$180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. お知らせ • Nov 04
CDW Corporation Declares Quarterly Cash Dividend, Payable on December 10, 2025 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.630 per common share to be paid on December 10, 2025 to all stockholders of record as of the close of business on November 25, 2025. This amount represents approximately a 1% increase over last year's dividend and is aligned with the target of 25% of the trailing-twelve-month Non-GAAP net income through September 30, 2025. お知らせ • Oct 28
CDW Corporation Announces Executive Changes CDW Corporation announced that Sona Chawla, chief growth, innovation officer and Executive Vice President, will retire from the company, effective December 31, 2025. Ms. Chawla will be available on a consulting basis until April 9, 2026 to assist with the transition of her responsibilities. Mukesh Kumar, chief services and solutions officer, will take on an expanded role, bringing CDW’s technology, services and solutions engine and product and partner management organization together into one customer-focused team. These leadership transitions are designed to amplify CDW’s go-to-market strategy, enhancing operational agility, deepening customer and partner engagement, and driving long-term shareholder value. Since joining CDW in 2020, Chawla’s leadership has accelerated the company’s digital transformation and future-forward strategy, driving significant progress in CDW’s digital journey, including the launch of Rubi, CDW’s digital platform and mobile app. As part of this transition, CDW will integrate its growth and innovation function largely with the services and solutions function, led by Mukesh Kumar, to deliver a more connected and differentiated customer and partner experience. Since joining CDW earlier this year, Kumar has accelerated CDW’s AI offerings and internal capabilities, while crystallizing CDW’s long-term advisory and platform roadmap. お知らせ • Oct 21
CDW Corporation to Report Q3, 2025 Results on Nov 04, 2025 CDW Corporation announced that they will report Q3, 2025 results on Nov 04, 2025 Buy Or Sell Opportunity • Sep 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to US$157. The fair value is estimated to be US$200, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • Sep 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.2% to US$162. The fair value is estimated to be US$204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Declared Dividend • Aug 10
Second quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 25th August 2025 Payment date: 10th September 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Aug 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to US$162. The fair value is estimated to be US$204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.7% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Reported Earnings • Aug 06
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$2.06 (down from US$2.10 in 2Q 2024). Revenue: US$5.98b (up 10% from 2Q 2024). Net income: US$271.2m (down 3.5% from 2Q 2024). Profit margin: 4.5% (down from 5.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. お知らせ • Aug 06
CDW Corporation Declares Quarterly Cash Dividend, Payable on September 10, 2025 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.625 per common share to be paid on September 10, 2025 to all stockholders of record as of the close of business on August 25, 2025. お知らせ • Aug 01
CDW Appoints Mukesh Kumar as Chief Services and Solutions Officer, Effective August 4, 2025 CDW announced that Mukesh Kumar will join the company as Chief Services and Solutions Officer on August 4, 2025, reporting to Chair and Chief Executive Officer, Christine A. Leahy. Kumar will lead CDW’s services and solutions business, comprised of Integrated Technology Solutions and Digital Velocity practices. Kumar joins CDW from Slalom Consulting, where he most recently served as president of the multibillion-dollar technology business. Kumar brings to CDW deep technical depth across a broad spectrum of emerging technologies and long-standing experience driving transformative change. At Slalom, Kumar scaled their technology-based services teams across the Americas and led Slalom’s technology partner ecosystem of 800+ partnerships, including AWS, Salesforce, Microsoft, and Google. Kumar brings nearly 30 years of technology and consulting leadership and is highly regarded in the technology community for his creative and forward-thinking solutioning and ability to incubate, grow, and scale businesses. お知らせ • Jul 23
CDW Corporation to Report Q2, 2025 Results on Aug 06, 2025 CDW Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Buy Or Sell Opportunity • Jun 04
Now 21% undervalued Over the last 90 days, the stock has risen 5.7% to US$177. The fair value is estimated to be US$223, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Buy Or Sell Opportunity • May 15
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at US$188. The fair value is estimated to be US$236, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 7.6% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$191, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Electronic industry in the US. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$236 per share. Declared Dividend • May 11
First quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 23rd May 2025 Payment date: 10th June 2025 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions Derivative • May 09
Chair of the Board notifies of intention to sell stock Christine Leahy intends to sell 41k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of May. If the sale is conducted around the recent share price of US$181, it would amount to US$7.4m. For the year to December 2018, Christine's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2024, Christine's direct individual holding has increased from 110.93k shares to 129.86k. Company insiders have collectively sold US$5.6m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 07
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$1.70 (up from US$1.61 in 1Q 2024). Revenue: US$5.20b (up 6.7% from 1Q 2024). Net income: US$224.9m (up 4.1% from 1Q 2024). Profit margin: 4.3% (down from 4.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. お知らせ • May 07
CDW Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2025 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.625 per common share to be paid on June 10, 2025 to all stockholders of record as of the close of business on May 26, 2025. Future dividends will be subject to approval by CDW's Board of Directors. Price Target Changed • May 06
Price target decreased by 7.7% to US$205 Down from US$222, the current price target is an average from 11 analysts. New target price is 25% above last closing price of US$164. Stock is down 26% over the past year. The company is forecast to post earnings per share of US$8.33 for next year compared to US$8.06 last year. お知らせ • Apr 11
CDW Corporation, Annual General Meeting, May 20, 2025 CDW Corporation, Annual General Meeting, May 20, 2025. Buy Or Sell Opportunity • Feb 21
Now 22% undervalued Over the last 90 days, the stock has risen 4.2% to US$187. The fair value is estimated to be US$240, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Declared Dividend • Feb 09
Fourth quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 25th February 2025 Payment date: 11th March 2025 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 06
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at US$200. The fair value is estimated to be US$255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period. Reported Earnings • Feb 05
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: US$8.06 (down from US$8.20 in FY 2023). Revenue: US$21.0b (down 1.8% from FY 2023). Net income: US$1.08b (down 2.4% from FY 2023). Profit margin: 5.1% (down from 5.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. お知らせ • Feb 05
CDW Corporation Declares Quarterly Cash Dividend, Payable on March 11, 2025 CDW Corporation declared a quarterly cash dividend. The cash dividend of $0.625 per common share will be paid on March 11, 2025 to all stockholders of record as of the close of business on February 25, 2025. This amount represents a 1% increase over last year’s dividend. お知らせ • Jan 22
CDW Corporation to Report Q4, 2024 Results on Feb 05, 2025 CDW Corporation announced that they will report Q4, 2024 results on Feb 05, 2025 お知らせ • Dec 02
Corporation (NasdaqGS:CDW) acquired Mission Cloud Services, Inc. from Great Hill Partners, LP. CDW Corporation (NasdaqGS:CDW) acquired Mission Cloud Services, Inc. from Great Hill Partners, LP on December 2, 2024. Choate, Hall & Stewart LLP is serving as legal advisors to Mission and Arma Partners is serving as financial advisor.
CDW Corporation (NasdaqGS:CDW) completed the acquisition of Mission Cloud Services, Inc. from Great Hill Partners, LP on December 2, 2024. Upcoming Dividend • Nov 18
Upcoming dividend of US$0.63 per share Eligible shareholders must have bought the stock before 25 November 2024. Payment date: 10 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (2.4%). Declared Dividend • Nov 01
Third quarter dividend increased to US$0.63 Dividend of US$0.63 is 0.8% higher than last year. Ex-date: 25th November 2024 Payment date: 10th December 2024 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: US$2.37 (up from US$2.35 in 3Q 2023). Revenue: US$5.52b (down 2.0% from 3Q 2023). Net income: US$316.4m (flat on 3Q 2023). Profit margin: 5.7% (up from 5.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. お知らせ • Oct 30
CDW Corporation Declares Quarterly Cash Dividend, Payable on December 10, 2024 CDW Corporation announced that its board of directors has declared a quarterly cash dividend of $0.625 per common share to be paid on December 10, 2024 to all stockholders of record as of the close of business on November 25, 2024. お知らせ • Oct 25
CDW Corporation Announces Executive Changes CDW announced changes to its executive leadership team as part of its ongoing commitment to thoughtful succession planning and future growth. Chief Commercial and Operating Officer Chris Corley will step down from her current responsibilities in advance of her future retirement, transitioning into a new role of President, International and Vice Chair. In this role, she will work closely with Chair and Chief Executive Officer, Chris Leahy, on critical priorities aimed at accelerating the company's growth strategy. One of her initial focus areas will be CDW's international strategy, including responsibility for the company’s international businesses. In conjunction with Chris Corley's transition, CDW announced that Liz Connelly will assume additional responsibilities as Chief Commercial Officer, responsible for U.S. sales, sales enablement, integrated technology solutions, and digital velocity. Liz joined CDW in 2018 following a highly successful career at J.P. Morgan Chase, where she managed complex businesses at scale through transformative periods. She has consistently demonstrated her staunch customer focus, and innovative and results-oriented leadership during her tenure at CDW and the company looks forward to her continued contributions in this expanded role. 
