CDW Corporation (CDW) PT Lowered to $200 at Evercore ISI

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Go back to CDW Corporation (CDW) PT Lowered to $200 at Evercore ISI

CDW slides on weak preliminary sales; Analysts see a buying opportunity

April 19, 2023 6:54 AM EDT

Shares of CDW Corp (NASDAQ: CDW) are down about 5.5% in pre-market Wednesday after the company announced preliminary Q1 results.

The IT solutions provider expects to report net sales of $5.1 billion, which is below the Street at $5.56B.

The first quarter was marked by a period of intensifying economic uncertainty that led our customers to spend more cautiously and prioritize mission critical initiatives," said Christine A. Leahy, chair, president and... More