CDW Corporation is facing a mix of achievements and challenges in the IT field. After a 2.4% drop since its last earnings report, several institutions increased their stake in the company, including AEGON ASSET MANAGEMENT UK Plc, GAMMA Investing LLC, Chesley Taft & Associates LLC and Wealth Enhancement Advisory Services LLC. CDW announced its Q1 2025 results and also enjoyed strong PC sales. Its e-commerce business is growing as organizations are investing in efficiency. CDW authorized a $750 million share repurchase program and declared quarterly cash dividends. CDW also acquired Mission Cloud Services Inc., a US-based AWS Premier Partner, and appointed a new chief commercial and operating officer. The fourth quarter earnings surpassed estimates due to robust revenue growth, enabling a $750M share buyback plan. However, concerns arose about CDW underperforming the technology sector, with the stock falling around 21% in 3 months. Particularly, CDW's shares dipped 3.17% on Jun 2, following a warning of potential government purchasing cuts to tech contractors.
Cdw Corporation CDW News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 07 Jun 2025 09:56:14 GMT -
Rating 2
- Innovation -3
- Information 5
- Rumor 0
