CDW Corporation, often referred to simply as CDW, is a leading provider of integrated information technology (IT) solutions in the United States and Canada. The company was established in 1984 by Michael Krasny, and it commenced operations from his parent's house in Chicago, Illinois. From its humble beginnings, CDW has grown to become a Fortune 500 company, boasting a multi-billion dollar annual revenue and employing over 9,000 people.
The company's offerings span a diverse range of products and services, incorporated within comprehensive solutions that integrate both hardware and software products from multiple vendors. This multi-brand approach allows CDW to provide tailored solutions that meet specific client needs across different industry sectors. Their products include computer systems, peripherals, software, networking products, storage devices, and other IT accessories and devices.
Moreover, CDW also offers a wide range of IT services, including total IT project management, configuration services, data center optimization, cloud computing services, security solutions, and unified communications solutions, among others. This comprehensive suite of services is designed to help organizations of all sizes and industries to improve their use of technology, streamline their IT operations, enhance their agility and efficiency, and ultimately, harness the power of IT to drive their business growth.
CDW takes pride in its commitment to providing superior customer service. The company achieves this through a personalized approach, with an assigned account manager working closely with each client to understand their unique needs and challenges, design appropriate solutions, and ensure their successful implementation.
In addition to selling to corporate customers, CDW also has a strong presence in the public sector, serving government and educational institutions. Its public sector customers include federal, state, and local governments, as well as K-12 schools and higher education institutions.
CDW's success lies in its ability to leverage its scale, industry relationships, and broad technology expertise to deliver complex IT solutions that work seamlessly together. The company is highly recognized in the industry, with numerous awards and recognitions to its name. This includes being named to Forbes' list of America's Best Employers and Fortune's list of World's Most Admired Companies.
CDW yet continues to strive towards its mission of being the leading provider of technology solutions for businesses, government, education, and healthcare, delivering its promise of empowering its clients with the technology they need to achieve their goals.
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Shares of CDW Corp. (CDW) fell 2.08% to $150.59 on Monday, experiencing its second consecutive day of losses. This underperformance occurred during a mixed trading session, with the Dow Jones Industrial Average rising and the S&P 500 Index falling.
CDW Corp. (CDW) shares rose 1.56% to $165.20 on Thursday, despite a negative trading session for the broader market, with the S&P 500 Index and Dow Jones Industrial Average both experiencing declines. This marks the second consecutive day of gains for the stock.
CDW Corporation (CDW) stock recently hit a 52-week high, leading to questions about the wisdom of buying at this level. Historical analysis shows that buying CDW at previous highs has usually resulted in profitable positions a year later, with an average 11.8% gain, only slightly less than buying on any other day. Despite this, dips below the purchase price are common within the first year, making the traditional "buy low" rule still relevant for risk assessment.