CDW Corporation (NASDAQ:CDW) recently made several headlines in the financial news sector. The company's involvement with other businesses and financial capacity has caught the attention of one too many institutions. OneAscent Financial Services LLC and Kathmere Capital Management LLC increased their stakes in the company with the latter also seeing participation from Sunbelt Securities Inc. and Wealthcare Advisory Partners LLC who acquired new stakes. Even Pensioenfonds Rail & OV have established their position in the company. Unfortunately, companies like Park Avenue Securities LLC and Wealth Enhancement Advisory Services LLC sold their shares of CDW. The company's shares have also been offloaded by Ballentine Partners LLC and RDA Financial Network.
CDW's partnership with CrowdStrike surpassed $1 billion in sales, an impressive feat that was repeated multiple times. The company however failed to meet analysts' expectations for Q1, 2024 earnings, yet resilience in margins and strategic focus has enabled it to navigate the economic headwinds. Notably, CDW plans to declare its Q1, 2024 results on May 1.
On the down side, the company missed sales targets and saw a decline across key segments. Despite these drawbacks, the company's stock outperformed competitors on several occasions and offered a quarterly cash dividend of $0.62 per share.
Cdw Corporation CDW News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 14:56:00 GMT - Rating 5 - Innovation -4 - Information 8 - Rumor 4
