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CDW $119.53   View long term graphs

CDW Corporation
Type
Public
Traded as NASDAQ: CDW
Industry B2B IT products and services
Founded 1984; 33 years ago (1984)
Founder Michael Krasny
Headquarters Lincolnshire, Illinois,
United States
Key people
Thomas E. Richards,
Chairman & CEO
Products Desktops, servers, laptops, peripherals, software, telephony products, power, storage
Revenue IncreaseUS$ 13.982 billion (2016)
Operating income
Increase US$ 819.2 million (2016)
Net income
Increase US$ 424.4 million (2016)
Total assets Increase US$ 6,948.4 million (2016)
Total equity Decrease US$ 1,045.5 million (2016)
Number of employees
8,516 (2016)
Website www.cdw.com

CDW Corporation, headquartered in Lincolnshire, Illinois, is a provider of technology products and services for business, government and education. The company has a secondary division known as CDW-G, devoted solely to United States governmental entities, such as K-12 schools, universities, non-profit healthcare organizations, State & Local and the Federal government.

CDW was originally incorporated as "MPK Computing" by its founder Michael Krasny. It later became Computer Discount Warehouse and then simply CDW.

In early 2006, CDW opened a 513,000-square-foot (47,700 m) distribution center in North Las Vegas, Nevada. The Vernon Hills, Illinois distribution center is roughly 450,000 square feet (42,000 m). In October 2006 CDW acquired Berbee, a top tier reseller of IBM, Cisco, and Microsoft products and services. It was CDW's second major acquisition after purchasing Micro Warehouse in September 2003.

On 12 October 2007, Chicago based private equity firms Madison Dearborn Partners and Providence Equity Partners completed a $7 billion acquisition of CDW. It went public again through an initial public offering on the NASDAQ market on July 2, 2013 under the name CDW Corporation (the parent company since 2010). CDW LLC and CDW Finance Corporation are wholly owned subsidiaries.

CDW operates in Canada as CDW Canada Incorporated, based in Etobicoke, Ontario. CDW Canada was recognized by the Great Place to Work Institute as one of the best workplaces in Canada in 2011, ranked 25th in the category of large and multinational companies.

On 3 August 2015 the company announced that it had acquired the remaining 65 percent of Kelway Ltd., a London based multinational business with significant presence in the IT sector. Eight months earlier, CDW had bought a 35 percent stake in Kelway.

Berbee Information Networks Corporation, an American company specializing in IT, was purchased by CDW in 2006. Prior to that it was a privately held company headquartered in Fitchburg, Wisconsin. Berbee was founded in 1993 by James G. Berbee and grew to over 300 million USD in revenue and more than 800 employees. Berbee's IT solutions included network infrastructure, systems and storage, productivity applications, communication and collaboration, application development, and security. Its data centers delivered hosted applications, co-location, and managed services. Berbee had offices in Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin. In October 2006, Berbee accepted an $175 million all-cash acquisition offer from CDW. It became a division of CDW and is now known as CDW Advanced Technology Services. The Berbee Voice-Over IP software product group, creator of the InformaCast family of IP notification solutions, was spun off to form the new company Singlewire Software in April, 2009.

CDW Non-Profit, a sector founded in 2007, assists in providing affordable technology tools and services to associations, foundations, governmental departments, religious and social service organizations. The Brookings Institution, Salvation Army, PCAOB, Aids Healthcare Foundation, The Metropolitan Museum of Art and American Heart Association are among some of their clients.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-04 Future report Set alerts
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-08-05 1.56 1.31
Q1 2020 2020-05-06 1.38 1.16
Q4 2019 2020-02-06 1.57 1.27
Q3 2019 2019-10-31 1.70 1.37
Q2 2019 2019-07-31 1.60 1.33
Q1 2019 2019-05-01 1.24 1.02
Q4 2018 2019-02-07 1.32 1.05
Q3 2018 2018-10-31 1.42 1.20

Ratings

2016-07-01 Reiterated Rating Barclays PLC Overweight $47.00
2016-05-19 Reiterated Rating RBC Capital Outperform $46.00
2016-05-19 Reiterated Rating Royal Bank Of Canada Outperform $46.00
2016-05-05 Reiterated Rating Morgan Stanley Hold
2016-04-25 Downgrade Raymond James Outperform to Market Perform
2016-04-25 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2016-02-11 Lower Price Target Goldman Sachs Buy $52.00 to $47.00
2016-02-11 Lower Price Target Goldman Sachs Group Inc. Buy $52.00 to $47.00
2016-02-10 Lower Price Target RBC Capital Outperform $51.00 to $46.00
2016-02-10 Reiterated Rating Robert W. Baird Neutral $50.00 to $40.00
2016-02-10 Lower Price Target JPMorgan Chase & Co. Overweight $49.00 to $41.00
2016-02-10 Lower Price Target Deutsche Bank Buy $50.00 to $43.00
2016-02-10 Lower Price Target Barclays Overweight $51.00 to $47.00
2016-02-10 Lower Price Target Deutsche Bank AG Buy $50.00 to $43.00
2015-12-01 Initiated Coverage Goldman Sachs Buy $52.00 to $52.00
2015-11-05 Boost Price Target Needham & Company LLC Buy $44.00 to $50.00
2015-11-05 Boost Price Target RBC Capital Outperform $46.00 to $51.00
2015-11-04 Reiterated Rating Robert W. Baird Neutral $42.00 to $50.00
2015-11-02 Reiterated Rating Raymond James Outperform $38.00 to $42.00
2015-11-02 Boost Price Target Barclays Outperform $40.00 to $45.00
2015-10-21 Boost Price Target Raymond James Outperform $44.00 to $48.00
2015-10-14 Initiated Coverage Barclays Overweight $50.00
2015-10-14 Boost Price Target Stifel Nicolaus Buy $44.00 to $48.00
2015-10-13 Boost Price Target RBC Capital Outperform $43.00 to $46.00
2015-09-06 Reiterated Rating Deutsche Bank Buy
2015-08-14 Boost Price Target JPMorgan Chase & Co. Overweight $43.00 to $46.00
2015-08-04 Reiterated Rating Raymond James Buy $42.00 to $44.00
2015-08-04 Reiterated Rating RBC Capital Outperform $40.00 to $43.00
2015-05-29 Reiterated Rating RBC Capital Buy $40.00
2015-05-19 Reiterated Rating Raymond James Outperform $42.00
2015-05-08 Boost Price Target RBC Capital Outperform $39.00 to $40.00
2015-02-10 Reiterated Rating William Blair Outperform
2015-01-15 Boost Price Target JPMorgan Chase & Co. Overweight $39.00 to $42.00
2015-01-14 Downgrade Goldman Sachs Buy to Neutral $36.28 to $36.00
2014-12-01 Boost Price Target RBC Capital Outperform $37.00 to $38.00
2014-11-07 Reiterated Rating JPMorgan Chase & Co. Overweight $35.00 to $39.00
2014-10-03 Upgrade Raymond James Market Perform to Outperform $36.00
2014-09-29 Initiated Coverage RBC Capital Outperform $37.00
2014-08-01 Boost Price Target JPMorgan Chase & Co. Overweight $32.00 to $34.00
2014-08-01 Reiterated Rating Barclays Overweight $36.00 to $38.00
2014-08-01 Reiterated Rating Deutsche Bank Buy $32.00 to $34.00
2014-08-01 Boost Price Target Needham & Company LLC Buy $32.00 to $35.00
2014-07-07 Downgrade Raymond James Outperform to Market Perform
2014-06-19 Boost Price Target Barclays Overweight $34.00 to $36.00
2014-05-09 Reiterated Needham Buy $30 to $32
2014-05-09 Reiterated Rating Raymond James Outperform $30.00 to $31.00
2014-05-09 Boost Price Target Needham & Company LLC Buy $30.00 to $32.00
2014-05-09 Boost Price Target JPMorgan Chase & Co. Overweight $26.00 to $32.00
2014-05-09 Boost Price Target Goldman Sachs $32.00 to $33.00
2014-04-15 Reiterated Stifel Buy $29 to $32
2014-04-15 Boost Price Target Stifel Nicolaus Buy $29.00 to $32.00
2014-04-14 Boost Price Target Raymond James $27.00 to $30.00
2014-03-11 Boost Price Target Goldman Sachs Buy to Conviction-Buy $29.00 to $32.00
2014-02-14 Boost Price Target Barclays Overweight $26.00 to $29.00
2013-11-25 Upgrade Barclays Equal Weight to Overweight $24.00 to $26.00
2013-11-04 Reiterated Rating Raymond James Buy $27.00
2013-11-04 Boost Price Target Needham & Company LLC Buy $27.00 to $29.00
2013-10-31 Lower Price Target JPMorgan Chase & Co. Overweight $26.00 to $25.00
2013-09-26 Reiterated Rating Needham & Company LLC Positive to Buy $27.00
2013-09-20 Reiterated Rating Barclays Hold $24.00
2013-09-20 Boost Price Target Raymond James Outperform $25.00 to $27.00
2013-08-06 Initiated William Blair Outperform
2013-08-06 Initiated Robert W. Baird Neutral $25
2016-07-01 Reiterated Rating Barclays PLC Overweight $47.00
2016-05-19 Reiterated Rating RBC Capital Outperform $46.00
2016-05-19 Reiterated Rating Royal Bank Of Canada Outperform $46.00
2016-05-05 Reiterated Rating Morgan Stanley Hold
2016-04-25 Downgrade Raymond James Outperform to Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MADISON DEARBORN PARTNERS LLC 7.61%  (13104898) CDW / VWR /
Providence Equity Partners VI L.L.C. 6.73%  (11586692) CDW /
Richards Thomas E See Remarks 0.38%  (648692) CDW / NTRS /
ECKROTE DOUGLAS E See Remarks 0.11%  (192237) CDW /
LEAHY CHRISTINE A See Remarks 0.08%  (141605) CDW /
CREAMER GLENN M 0.08%  (139963) CDW /
ROTHER CHRISTINA V. See Remarks 0.08%  (135753) CDW /
TROKA MATTHEW A. See Remarks 0.05%  (80249) CDW /
STEVENS JONATHAN J See Remarks 0.05%  (78129) CDW /
Berger Dennis G See Remarks 0.04%  (73867) AN / CDW /
ALESIO STEVEN W 0.02%  (38061) CDW / GNW /
ALLEN BARRY K 0.02%  (37568) CDW / HOG /
CORLEY CHRISTINA M See Remarks 0.02%  (36176) CDW /
ZIEGLER ANN ELIZABETH See Remarks 0.02%  (35830) CDW / GRPN / HBI /
CAMPBELL NEAL J. See Remarks 0.02%  (28906) CDW /
KEBO COLLIN B. See Remarks 0.01%  (25270) CDW /
CHERESKIN BENJAMIN D 0.01%  (24026) BDBD / CDW / CNK / TUES /
ZARCONE DONNA F 0.01%  (23554) CDW / CI / JNY /
KULEVICH FREDERICK J. See Remarks 0.01%  (20361) CDW /
BELL JAMES A 0.01%  (16624) AAPL / CDW / DOW / JPM /
NELMS DAVID W 0.01%  (16548) CDW / DFS /
FINNEGAN PAUL J 0.01%  (14677) BCC / CDW /
Swedish Joseph 0.01%  (9338) CDW / IBM / WLP /

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