CDW CorporationCDW was a big mover last session, as its shares rose almost 7% on the day. The move came after the company reported fourth-quarter 2016 earnings of $103.2 million and the results also surpassed Wall Street expectations. Further, it has declared a quarterly cash dividend of $0.16 per common share to be paid on Mar 10, 2017 to all stockholders of record as of the close of business on Feb 24, 2017. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $51.04 to $53.40 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
CDW Corp. currently carries a Zacks Rank #3 (Hold).
CDW Corporation Price
CDW Corporation Price | CDW Corporation Quote
A better-ranked stock in the Computers - IT Services space is Acxiom Corporation ACXM , carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
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Acxiom Corporation (ACXM): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
