Last $35.08 USD
Change Today +0.16 / 0.46%
Volume 708.0K
CDW On Other Exchanges
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As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

cdw corp/de (CDW) Snapshot

Open
$34.96
Previous Close
$34.92
Day High
$35.21
Day Low
$34.92
52 Week High
11/25/14 - $35.38
52 Week Low
11/27/13 - $21.78
Market Cap
6.0B
Average Volume 10 Days
1.2M
EPS TTM
$1.72
Shares Outstanding
172.2M
EX-Date
11/21/14
P/E TM
20.4x
Dividend
$0.27
Dividend Yield
0.56%
Current Stock Chart for CDW CORP/DE (CDW)

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cdw corp/de (CDW) Details

CDW Corporation provides information technology (IT) solutions in the United States and Canada. The company operates in two segments, Corporate and Public. It offers discrete hardware and software products to integrated IT solutions, such as mobility, security, data center optimization, cloud computing, virtualization, and collaboration. The company’s hardware products include notebooks/mobile devices, network communications, enterprise and data storage, video monitors, printers, desktop computers, and servers; and software products comprise application suites, security, virtualization, operating systems, network management, and software as a service offerings. It also provides a suite of value-added-services, which include basic installation, warranty, and repair services to custom configuration, data center, and network implementation services, as well as managed services that include infrastructure as a service offering. The company serves government, education, and healthcare customers, as well as small, medium, and large businesses. CDW Corporation was founded in 1984 and is headquartered in Vernon Hills, Illinois.

7,242 Employees
Last Reported Date: 11/12/14
Founded in 1984

cdw corp/de (CDW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $793.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $400.8K
Senior Vice President of Strategic Solutions ...
Total Annual Compensation: $328.5K
Chief Marketing Officer and Senior Vice Presi...
Total Annual Compensation: $275.0K
Senior Vice President of Corporate Sales
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

cdw corp/de (CDW) Key Developments

CDW Announces New Collaboration with Canvas to Expand the Offering Portfolio in CDW's App Marketplace

CDW has announced a new collaboration with Canvas to expand the offering portfolio in CDW's App Marketplace. CDW's App Marketplace is an online, easy-to-navigate portal built to help organizations find leading enterprise mobile app solutions and the developers who create them. For the initial launch, CDW selected over 80 of Canvas' top performing mobile apps that span key vertical markets targeted in CDW's Total Mobility Management (TMM) offering. Canvas' mobile app platform enables CDW customers to not only digitize paper-based business forms and manual processes, but also to improve processes and workflows, resulting in significant increases in productivity and substantial cost savings without the need for proficiencies in programming or app development. Every Canvas app is fully customizable by the end user and works with all mobile platforms including smartphones and tablets that run on iOS, Android, Blackberry and Windows. Organizations can customize Canvas apps to suit specific business needs, with the option to incorporate functionality such as GPS, image capture, dispatch, barcode scanning, electronic signatures, push notifications and access to business data such as parts catalogs, price lists or patient records. CDW's App Marketplace alliances with Canvas and other trusted developer partners are just a part of its comprehensive Total Mobility Management portfolio of services, which addresses a full range of business challenges, helping customers increase productivity and reduce the complexity associated with anytime, anywhere access.

CDW Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Updates Earnings Guidance for the Year 2014

CDW Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales were $3,266.1 million compared to $2,864.3 million for the same period a year ago. Net income was $55.6 million compared to net loss of $2.2 million for the same period a year ago. Net income per diluted share was $0.32 compared to net loss per diluted share of $0.01 for the same period a year ago. Non-GAAP net income per diluted share was $0.64 compared to $0.50 for the same period a year ago. Adjusted EBITDA was $242.6 million compared to $216.1 million for the same period a year ago. Average daily sales in the third quarter of 2014 were $51.0 million, compared to $44.8 million in the third quarter of 2013. Non-GAAP net income, which excludes intangible asset amortization expense related to purchased intangibles, certain debt refinancing expenses and certain other costs was $110.7 million compared to $85.2 million in the third quarter of 2013, representing an increase of 29.9% driven by stronger operating results and lower interest expense. Income from operations was $184.7 million compared to $92.9 million for the same period a year ago. Income before income taxes was $89.5 million compared to loss before tax of $4.8 million for the same period a year ago. Free cash flow for the quarter, which calculate as operating cash flow plus the net change in foreign agreement, less capital expenditures, was $149.1 million compared to 200 - compared to $95.9 million in Third Quarter of 2013. For the nine months, the company reported net sales were $9,024.4 million compared to $8,055 million for the same period a year ago. Net income was $193.1 million compared to $72.8 million for the same period a year ago. Net income per diluted share was $1.12 compared to $0.47 for the same period a year ago. Non-GAAP net income per diluted share was $1.78 compared to $1.29 for the same period a year ago. Adjusted EBITDA was $683.4 million compared to $607.3 million for the same period a year ago. Average daily sales for the first nine months of 2014 were $47.2 million, compared to $42.2 million for the first nine months of 2013. Non-GAAP net income, which excludes amortization related to purchased intangibles and certain debt refinancing and other costs, was $307.7 million compared to $220.7 million for the first nine months of 2013, representing an increase of 39.4% driven by stronger operating results and lower interest expense. Income from operations was $508.7 million compared to $366.6 million for the same period a year ago. Income before income taxes was $307.6 million compared to of $112.9 million for the same period a year ago. Cash flows from operating activities was $350.5 million compared to $370.8 million for the same period a year ago. Capital expenditures and other cash flows from investing activities was $35.1 million compared to $30.5 million for the same period a year ago. The company also reported that lower interest expense is amplifying operating results and it expect to exceed medium-term target of mid-teens annual earnings per share growth in 2014. For the full year, the company expects to significantly exceed current medium-term target of annual mid-teens EPS growth, likely growing EPS for the full year in the mid-20s. For the full year, the company expects a cash tax rate of 40.5% versus previous estimate of 40% to be applied to pretax book income before acquisition-related intangible amortization, which is approximately $40 million per quarter.

CDW Corporation Announces Quarterly Cash Dividend, Payable on December 10, 2014

CDW Corporation announced quarterly cash dividend payment of $0.0675 per share will be made on December 10 to shareholders of record as of the close of business on November 25, 2014.

 

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Industry Analysis

CDW

Industry Average

Valuation CDW Industry Range
Price/Earnings 23.9x
Price/Sales 0.5x
Price/Book 6.8x
Price/Cash Flow 23.9x
TEV/Sales 0.2x
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