The recent news around CDW Corporation (CDW) reveals a mix of positive and negative developments. The company surpassed Q4 earnings and revenue expectations, driven by solid sales growth, and authorized a $750 million share repurchase program, alongside a quarterly cash dividend of $0.625/share. These actions showed the company's robust financial position. Also, CDW announced the acquisition of Mission Cloud Services Inc, an Amazon Web Service Premium Tier Partner, which will strengthen its cloud offerings. This strategic move could potentially propel future stock growth. Nonetheless, concerns arose regarding the company's mixed performance and market challenges. CDW's earnings growth rate was reported to lag behind the average shareholder return. The company's stock has underperformed the technology sector and touched a 52-week low. CDW saw its shares being sold by multiple organizations such as Rhumbline Advisers, Jacobson & Schmitt Advisors, and Chevy Chase Trust Holdings.
Cdw Corporation CDW News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 22 Feb 2025 10:05:25 GMT - Rating -3 - Innovation 3 - Information 8 - Rumor -1
