CDW Corporation, a IT company, shows its robust capabilities through continuous outperformance in the market. Despite some shareholders, including Aoris and Rep. Robert Bresnahan Jr., liquidating their stakes in the company, others are taking new positions, exemplified by Strategic Financial Concepts LLC and Entropy Technologies LP. In a bold move to enhance shareholder return, CDW increased its share repurchase program by $750 million and declared a $0.625 dividend per share. CDW continues to grow, surpassing Q4 earnings and revenue expectations.
Acquisition is at the heart of its corporate strategy, recently buying Mission Cloud Services Inc., a top-tier Amazon Web Services partner. Amidst these strategic moves, the company's stock has seen adjustments, with Barclays increasing its price target from $201 to $223. CDW is also looking forward to growth in cloud and SaaS services, with a target of single-digit EPS growth in 2025. As part of a broader succession plan, CDW announced leadership transition. Despite achieving notable milestones, the Q3 2024 earnings were slightly disappointing as it fell short of expectations caused by weak hardware demand and customer delays.
Cdw Corporation CDW News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 15 Feb 2025 08:15:39 GMT -
Rating 5
- Innovation -1
- Information 8
- Rumor -7
