Latest news with #CDW
Yahoo
5 days ago
- Business
- Yahoo
IT Distribution & Solutions Stocks Q1 Highlights: CDW (NASDAQ:CDW)
Looking back on it distribution & solutions stocks' Q1 earnings, we examine this quarter's best and worst performers, including CDW (NASDAQ:CDW) and its peers. IT Distribution & Solutions will be buoyed by the increasing complexity of IT ecosystems, rising cloud adoption, and demand for cybersecurity solutions. Enterprises are less likely than ever to embark on these complicated journeys solo, and companies in the sector boast expertise and scale in these areas. However, cloud migration also means less need for hardware, which could dent demand for large portions of the product portfolio and hurt margins. Additionally, planning for potentially supply chain disruptions is ongoing, as the COVID-19 pandemic showed how damaging a pause in global trade could be in areas like semiconductor procurement. The 8 it distribution & solutions stocks we track reported a mixed Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 3% on average since the latest earnings results. Serving as a crucial bridge between technology manufacturers and end users since 1984, CDW (NASDAQ:CDW) is a multi-brand provider of information technology solutions that helps businesses and public sector organizations select, implement, and manage hardware, software, and IT services. CDW reported revenues of $5.20 billion, up 6.7% year on year. This print exceeded analysts' expectations by 5.3%. Overall, it was an exceptional quarter for the company with an impressive beat of analysts' EPS estimates. "The team delivered an excellent start to 2025, as they once again helped customers navigate dynamic market conditions and accomplish mission critical outcomes," said Christine A. Leahy, chair and chief executive officer, CDW. The stock is up 7.4% since reporting and currently trades at $176.12. Is now the time to buy CDW? Access our full analysis of the earnings results here, it's free. Starting as a small computer products seller in 1982 and evolving into a Fortune 1000 company, Connection (NASDAQ:CNXN) is a technology solutions provider that helps businesses and government agencies design, purchase, implement, and manage their IT infrastructure and systems. Connection reported revenues of $701 million, up 10.9% year on year, outperforming analysts' expectations by 8.5%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates. Connection delivered the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 4.6% since reporting. It currently trades at $64.88. Is now the time to buy Connection? Access our full analysis of the earnings results here, it's free. Serving as the crucial middleman in the technology supply chain, TD SYNNEX (NYSE:SNX) is a global technology distributor that connects thousands of IT manufacturers with resellers, helping businesses access hardware, software, and technology solutions. TD SYNNEX reported revenues of $14.53 billion, up 4% year on year, falling short of analysts' expectations by 1.7%. It was a softer quarter as it posted a miss of analysts' EPS estimates. As expected, the stock is down 2.4% since the results and currently trades at $122.50. Read our full analysis of TD SYNNEX's results here. With a century-long history of adapting to technological evolution, Avnet (NASDAQ:AVT) is a global electronic components distributor that connects manufacturers of semiconductors and other electronic parts with businesses that need these components. Avnet reported revenues of $5.32 billion, down 6% year on year. This number met analysts' expectations. Taking a step back, it was a mixed quarter as it also logged an impressive beat of analysts' EPS estimates. The stock is down 1.2% since reporting and currently trades at $50.62. Read our full, actionable report on Avnet here, it's free. Starting as a financing company in 1990 before evolving into a full-service technology provider, ePlus (NASDAQ:PLUS) provides comprehensive IT solutions, professional services, and financing options to help organizations optimize their technology infrastructure and supply chain processes. ePlus reported revenues of $498.1 million, down 10.2% year on year. This result missed analysts' expectations by 4.9%. Zooming out, it was actually a satisfactory quarter as it produced a solid beat of analysts' EPS estimates. The stock is up 7.8% since reporting and currently trades at $71. Read our full, actionable report on ePlus here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Applied Digital & CoreWeave, Dell, solar stocks: Trending Tickers
Applied Digital (APLD) announced a $7 billion deal with CoreWeave (CRWV), securing long-term lease agreements for AI data centers. Dell Technologies (DELL) and CDW (CDW) shares slip on a Wall Street Journal report that the White House is cutting down on employing tech contractors on the federal level. Energy stocks, such as First Solar (FSLR), Sunrun (RUN), and Plug Power (PLUG), are seeing declines after the US Department of Energy announced it will be canceling $3.7 billion worth of taxpayer funding for clean energy projects To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
Smartsheet Signs Partnership With CDW Corporation to Expand Reach of Collaborative Work Management Platform
BELLEVUE, Wash.--(BUSINESS WIRE)-- Smartsheet, the AI-powered enterprise-grade work management platform, today has signed a multi-year strategic reseller partnership with CDW Corporation that is expected to simplify purchasing for customers and drive Smartsheet adoption at scale. Smartsheet has ambitious growth targets for its partner business, and this deal further signifies its commitment to working with the industry's best companies to unlock new markets and increase its customer presence. 'Smartsheet is positioned to expand CDW's presence across North America to a new set of customers, helping them to redefine the possibilities of work management and create deeper value across their initiatives using our solutions.' Share Under terms of the deal, CDW will sell Smartsheet technology to new and existing customers, beginning in North America, and offer professional services to accelerate the adoption of AI-powered enterprise-grade work management technology. Smartsheet's collaborative work management platform adds to CDW's extensive reach and established credibility, extending their current digital transformation and collaboration software portfolios. Through the partnership, the two companies will help organizations address challenges integrating disparate systems, streamlining complex workflows across departments and maintaining real-time visibility into project progress. 'We are excited about the partnership between Smartsheet and CDW, and its potential to reshape the way organizations evolve their work practices,' said Eva Schoenleitner, vice president, worldwide partnerships, Smartsheet. 'Smartsheet is positioned to expand CDW's presence across North America to a new set of customers, helping them to redefine the possibilities of work management and create deeper value across their initiatives using our solutions.' CDW Corporation is an industry leader in the IT reseller space, providing comprehensive technology solutions to over 250,000 clients worldwide. CDW drives significant growth and delivers on business outcomes across various sectors, adding substantial value for its partners by leveraging its extensive network and technical expertise. About Smartsheet Smartsheet is an AI-powered, enterprise-grade modern work management platform trusted by companies across the globe, including more than 85% of the Fortune 500. The category pioneer and market leader, Smartsheet delivers powerful solutions fueling performance and driving the next wave of innovation. Visit to learn more. About CDW CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments.
Yahoo
28-05-2025
- Business
- Yahoo
Are Options Traders Betting on a Big Move in CDW Stock?
Investors in CDW Corporation CDW need to pay close attention to the stock based on moves in the options market lately. That is because the June 20, 2025 $200 Put had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for CDW shares, but what is the fundamental picture for the company? Currently, CDW is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Top 37% of our Zacks Industry Rank. Over the last 30 days, two analysts have increased their earnings estimates for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.44 per share to $2.48 in that period. Given the way analysts feel about CDW right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CDW Corporation (CDW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
ePlus (PLUS) Q1 Earnings Report Preview: What To Look For
IT solutions provider ePlus (NASDAQ:PLUS) will be announcing earnings results tomorrow after market hours. Here's what to expect. ePlus missed analysts' revenue expectations by 7.7% last quarter, reporting revenues of $511 million, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates. Is ePlus a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting ePlus's revenue to decline 5.5% year on year to $523.9 million, a reversal from the 12.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ePlus has missed Wall Street's revenue estimates four times over the last two years. Looking at ePlus's peers in the it distribution & solutions segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Connection delivered year-on-year revenue growth of 10.9%, beating analysts' expectations by 8.5%, and CDW reported revenues up 6.7%, topping estimates by 5.3%. Connection traded up 7% following the results while CDW was also up 9.8%. Read our full analysis of Connection's results here and CDW's results here. There has been positive sentiment among investors in the it distribution & solutions segment, with share prices up 14.5% on average over the last month. ePlus is up 9.3% during the same time and is heading into earnings with an average analyst price target of $77 (compared to the current share price of $65.71). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
