Principal Securities Inc. invested $392,000 in CDW Co., while Mitsubishi UFJ Asset Management Co. Ltd. and Benjamin F. Edwards & Company Inc. also increased their stake. Despite underperformance when compared with competitors, CDW's stock continues to rise and outperform, making it a top-ranked value stock. Analysts adjusted their forecasts after CDW Corporation's earnings missed estimates by 13%, however, CDW is expected to maintain superior returns under all circumstances. The quarterly cash dividend was declared at $0.62 per share. CDW is considered a 'Value-Added IT Reseller' due to the mix shift towards software and services driving margin expansion. Some recovery in hardware spending is expected. CDW maintains a strategic focus on resilient margins, despite challenges such as lagging earnings and revenues, decreased revenues Y/Y, and missing sales targets across key segments. Despite these obstacles, the firm's share price remains strong. New team members were introduced during a recent executive shakeup. CDW is currently investigating claims of a data leak and the company announced a $750M share buyback.
Cdw Corporation CDW News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Thu, 16 May 2024 10:56:27 GMT -
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- Innovation -2
- Information 3
- Rumor -1
