Duality Advisers LP has secured a position in
CDW Co. while
Citi maintained its Buy stance amidst a conservative guidance. The stock has shown considerable strength, at times outperforming its competitors in active trading sessions.
CDW attracted increased attention due to its attractive and potentially opportune market position. The company's recent
Q1 2024 earnings call revealed insights about their financial performance and future outlook. Disappointingly, CDW missed Q1 revenue and profit estimates, leading to a tumble in share prices most likely due to reduced IT spending. The company's shift towards
software and services has driven margin expansion, projecting optimism for recovery in hardware spending. CDW's partnership with
CrowdStrike achieved over
$1 billion sales, attaining a
Diamond Level Partnership. Despite challenges, CDW displayed resilience with strategic focus on core business activities. Company's stake was recently reduced by
Private Advisor Group LLC and increased by
Nordea Investment Management AB and other investors. CDW acknowledges technological advancements, with its CEO emphasizing exploration in
AI. Their
sharebuyback program was also enhanced, stirring attention in investment circles. Unfortunately, CDW experienced a significant cyberattack led by
Lockbit, demanding a hefty ransomwar and threatening data leaks.
Cdw Corporation CDW News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Sun, 14 Jul 2024 11:01:07 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor -4
