Although this slump was obviously disappointing, the company has seen 3 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for CDW. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
CDW currently has a Zacks Rank #3 (Hold) while its Earnings ESP is zero.
Some better-ranked stocks in the technology sector include Barracuda Networks, Inc. (CUDA), EPAM Systems, Inc. (EPAM) and Kofax Limited (KFX). All these stocks carry a Zacks Rank #2 (Buy).
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