Both
Mission Wealth Management LP and
Norden Group LLC have acquired new holdings in
CDW Co (NASDAQ:CDW), while Mirae Asset Global Investments and Sumitomo Mitsui Trust Holdings sold shares of the same firm.
CDW's stock performance varied, underperforming at times and outperforming its competitors on others. CDW's first-quarter results missed expectations due to weak IT spending, however, CDW expects recovery in hardware spending. There were fluctuations in short interest and CDW achieved a significant milestone with CrowdStrike, exceeding
$1 billion in sales. There's optimism from the
Goldman Sachs about CDW being a good hardware stock to invest. Despite challenges in the first quarter of 2024, strategic focus allowed CDW to navigate economic headwinds with resilient margins. CDW's Q1 results also revealed a decrease in revenues year-on-year. In the wake of these events, CDW Corporation's shares were speculated to be worthing watching and strong for value investment. Moreover, CDW announced a quarterly cash dividend of $0.62 per share. There are issues surrounding CDW's lawsuit with a rival reseller over Cisco sales and a ransomware attack which is currently being investigated.
Cdw Corporation CDW News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Sun, 07 Jul 2024 14:26:02 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor -2
