The latest financial news indicate that CDW Corporation is generating significant attention from investors. Numerous financial institutions, such as Gotham Asset Management LLC and Jefferies Financial Group Inc, have increased their stock holdings in CDW Corporation, while its shares have also crossed above the 200-day moving average (DMA). Moreover, the company's Q1 earnings surpassed estimates, with revenues showing remarkable growth year over year, which caused an increase in CDW's stock price. Contrarily, some analysts think the stock is not yet a buy, even though Bank of America Corp DE reduced its holdings in CDW. CDW also declared a quarterly cash dividend of $0.625 per share.
CDW has been busy on the acquisition front too, recently acquiring Mission Cloud Services Inc, a leading US-based Amazon Web Services (AWS) Premier Tier Partner, in order to bolster its growth. Meanwhile, CDW displayed robust Q1 sales growth despite economic uncertainty, fueled by strong PC sales. The company is predicted to show further growth in 2025 with successful Q1 earnings and share buyback initiatives. However, some speculate it's potential to be a turnaround story.
Cdw Corporation CDW News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 17 May 2025 10:17:36 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -3
