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CDW Corporation (CDW) provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada.
It operates through three segments: Corporate, Small Business, and Public.
The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage products, printers, and servers; and software products include application suites, security, virtualization, operating systems, and network management.
The company also provides warranties, managed services, and consulting design and implementation services. On July 31st, CDW reported 2nd Quarter June 2019 earnings of $1.55 per share on revenue of $4.6 billion. The consensus earnings estimate was $1.45 per share on revenue of $4.5 billion. Revenue grew 10.6% on a year-over-year basis.
Shares are heading higher along an upward "trading channel" and are expected to move higher. The 50-day moving average is acting as the support for the formation.
Entry Point: $114.00
Trading Range: $74.32 to $120.82
Stop Loss: $108.00
Target Price: $125.50
CDW closed at $124.25
