IT Company CDW Q4 Earnings: Sales Climb, AI Focus, Stock Buyback Boost & More
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Strong Financial Performance: CDW Corporation reported a 3.3% year-over-year increase in net sales to $5.186 billion for the fourth quarter, surpassing expectations, with notable growth in its Corporate and Public segments.
Shareholder Returns and Future Outlook: The company announced a $750 million increase in share repurchase authorization and declared a quarterly cash dividend of $0.625 per share, while targeting to exceed US IT market growth by 200 to 300 basis points in 2025.
Analyst Views on QTEC
Wall Street analysts forecast QTEC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QTEC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 237.750
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Current: 237.750
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
