CDW (CDW) impressed Wall Street enough with its second-quarter earnings report and its acquisition of a British tech solutions provider that the company’s stock gapped up at the outset Monday, and it managed to hold on to a 5% gain in afternoon trading. CDW reported 81 cents a share in adjusted EPS, 20% better than the 67 cents reported for the year-ago quarter and 16% ahead of the 70 cents expected by analysts polled by Thomson Reuters. Revenue
Tech products reseller CDW (CDW) spiked to a record high Tuesday after the company reported fourth-quarter earnings that beat Wall Street’s expectations. The Vernon Hills, Ill.-based company earned 59 cents a share excluding items, up 9% year over year, on sales of $3.05 billion, up 12%. Analysts were looking for 54 cents EPS on sales of $2.96 billion. Excluding stock-based compensation and certain other costs, CDW earned 30 cents a share, down 14%. CDW’s public sector business outperformed its corporate business. The company’s corporate business, including sales to small, medium and large companies, increased revenue by nearly 9%. But revenue for the public sector business, including government, education and health care customers, rose 17%. “Our three-part strategy remains in place for 2015 – increase share of wallet with existing customers and add new customers, enhance our ability to deliver high-growth integrated solutions, and expand our services…
Tech product reseller CDW (CDW) had its wings clipped Wednesday when Goldman Sachs downgraded the stock. CDW has been a top performer lately, ranking No. 15 in Wednesday’s midweek update of the IBD 50 list of top-performing stocks over the past 12 months. But the Vernon Hills, Ill.-based company saw its shares fall more than 2% to 35.51 in the stock market today. Earlier in the day, CDW stock had been down nearly 5%. Goldman Sachs analyst Bill