CDW Corporation has had a mix of business developments and financial results reported recently. The company is expected to engage in the Citi 2024 Global TMT Conference and has issued $1.2 billion in senior notes. However, its Q1 2024 earnings were lower than expected, posing challenges. Similarly, Q2 earnings missed the expectations and revenues saw a year-on-year decrease. Despite these headwinds, Goldman Sachs suggests that CDW is a potential stock to invest in the hardware segment. CDW's CEO, Leahy, has emphasized their customers’ focus on AI possibilities. Two major growth catalysts for the company include software and services for driving margin expansion. Despite weak demand for IT solutions causing missed Q2 revenue, the company’s 17% CAGR over the last five years suggests potential for long-term value. The company also confirmed its investment in secure hardware spending and data driven AI technologies. However, disappointing full-year earnings for 2023 and reported ransomware gang claims weigh on optimism.
Cdw Corporation CDW News Analytics from Fri, 06 Oct 2023 07:00:00 GMT to Fri, 23 Aug 2024 04:34:00 GMT -
Rating 2
- Innovation 0
- Information 6
- Rumor -3
