CDW Corp. Stock Rises Friday Despite Underperformance Compared to Market in 2023
March 30, 2023
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Friday was a good day for shares of CDW ($NASDAQ:CDW) Corporation, as stock prices rose 0.32% to $191.71 despite the company’s underperformance compared to the S&P and other stocks on the market this year. Despite the downward trend of the year, investors had reason to celebrate on Friday as the stock rose to new heights. This rise in stock price can be attributed to a number of factors, including a strong earnings report released earlier in the week and positive comments from analysts. Analysts also highlighted the company’s strong balance sheet and its ability to execute on its growth plans. The news of the stock’s rise brought some relief to investors who have seen stocks underperform the market throughout 2023.
Now that the stock has risen, there is hope that other investors may jump on board and help push prices higher in the coming weeks and months. Overall, it was a good day for CDW Corp. as stock prices rose despite underperforming the market in 2023. The company’s strong earnings report, coupled with analyst’s positive comments, gave investors reason to be optimistic about the future of the company’s stock and its potential for growth.
Market Price
CDW CORPORATION saw a slight rise in its stock on Friday, despite its struggles to keep up with the market’s performance this year. At the time of writing, news coverage of the company’s stock was mostly positive. On Monday, CDW CORPORATION opened at $192.6 and closed at $191.7. This demonstrates investors’ confidence in CDW CORPORATION, despite its current struggles. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cdw Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 23.75k | 1.11k | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cdw Corporation. More…
| Operations | Investing | Financing |
| 1.34k | -164.5 | -1.1k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cdw Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.13k | 11.53k | 11.83 |
Key Ratios Snapshot
Some of the financial key ratios for Cdw Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 15.2% | 7.3% |
| FCF Margin | ROE | ROA |
| 5.1% | 73.5% | 8.2% |
Analysis
At GoodWhale, we have conducted a detailed analysis of CDW CORPORATION’s wellbeing. According to our Risk Rating, CDW CORPORATION is a medium risk investment in terms of financial and business aspects. While we have identified 1 risk warning in non-financial aspects, we believe that the company is overall a safe and profitable investment. To view the full risk report, register on goodwhale.com for free. With the risk report, you can make more informed decisions about whether or not to invest in CDW CORPORATION. We hope that our analysis has been helpful in guiding your investment decisions. Best of luck with your investments! More…
Peers
In the market for human resources management software, CDW Corp competes with Paycor HCM Inc, Softcat PLC, and Business Warrior Corp. All four companies offer software that helps businesses manage employee data, payroll, and benefits.
– Paycor HCM Inc ($NASDAQ:PYCR)
Paycor HCM Inc is a provider of human capital management solutions for small and medium-sized businesses. The company offers a cloud-based platform that enables businesses to manage their human resources, payroll, and benefits. Paycor HCM Inc has a market cap of 5.04B as of 2022 and a return on equity of -6.69%. The company’s human capital management solutions enable businesses to manage their human resources, payroll, and benefits more effectively and efficiently.
– Softcat PLC ($LSE:SCT)
Softcat PLC is a British provider of IT infrastructure and software products. The company is headquartered in Marlow, Buckinghamshire, and has over 4,000 employees. Softcat PLC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded in 1993 by Peter Kelly and Martin Hellawell, and it has been profitable every year since 2001.
Softcat PLC’s market cap is 2.23B as of 2022. The company’s ROE is 59.71%. Softcat PLC is a provider of IT infrastructure and software products. The company was founded in 1993 and it has been profitable every year since 2001.
– Business Warrior Corp ($OTCPK:BZWR)
Warrior Corp is a publicly traded company with a market capitalization of 3.69 million as of 2022. The company has a return on equity of -25.43%. Warrior Corp is engaged in the business of providing military training and support services to the United States government and its allies.
Summary
CDW Corporation is a technology solutions provider that has seen its stock rise in despite underperformance when compared to the broader market in 2023. Analysis of the stock have been mostly positive, with investors noting the company’s strong financials and diverse portfolio of products. The company has a solid balance sheet and a competitive dividend yield, while strategic acquisitions have allowed the company to expand its service offerings.
CDW Corporation’s technology solutions have attracted a wide customer base, with business from both the public and private sectors. Going forward, the company has potential for further growth, particularly given the ongoing shift towards digital transformation.
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