Welcome to our dedicated page for CDW news (Ticker: CDW), a resource for investors and traders seeking the latest updates and insights on CDW stock.
Overview of CDW Corp
CDW Corp (NASDAQ: CDW) is a prominent multi-brand provider of integrated information technology (IT) solutions, serving a diverse customer base across the United States, Canada, and the United Kingdom. The company’s offerings cater to businesses of all sizes, government agencies, educational institutions, and healthcare organizations. With its extensive portfolio of hardware, software, and IT services, CDW plays a pivotal role in enabling organizations to harness technology effectively to achieve their goals.
Core Business Areas
CDW’s business model is built on delivering comprehensive IT solutions that address the complex needs of its clients. Its solutions span several key areas:
- Hybrid Infrastructure: CDW provides on-premise and cloud-based solutions, enabling organizations to create flexible and scalable IT environments.
- Digital Experience: The company focuses on enhancing user experience through cutting-edge technology, including collaboration tools and mobility solutions.
- Security: CDW offers robust cybersecurity solutions to protect organizations from evolving threats, ensuring data integrity and compliance.
- Managed Services: These services help clients optimize their IT operations by outsourcing complex tasks such as network management and cloud monitoring.
Market Segments
CDW operates through five distinct segments to address the unique needs of its diverse clientele:
- Corporate: Serving private-sector businesses in the United States, this segment generates the majority of CDW’s revenue.
- Small Business: Focused on providing tailored IT solutions for smaller organizations with unique resource constraints.
- Public: Catering to government, education, and healthcare sectors, this segment addresses the specialized compliance and operational requirements of public entities.
- CDW UK: Expanding the company’s reach to the United Kingdom, offering localized IT solutions.
- CDW Canada: Supporting Canadian organizations with a comprehensive range of IT products and services.
Competitive Position
CDW operates in a competitive landscape that includes major players such as Insight Enterprises and SHI International. Its competitive edge lies in its ability to offer a one-stop shop for IT needs, supported by a robust supply chain, deep vendor relationships, and a highly skilled workforce. By combining a broad product portfolio with specialized services, CDW provides end-to-end solutions that differentiate it from competitors.
Revenue Streams
CDW generates revenue through the sale of discrete IT products, including hardware and software, as well as through value-added services such as consulting, implementation, and managed IT solutions. Its hybrid approach allows the company to capture value across the IT lifecycle, from initial procurement to long-term management and optimization.
Industry Context
The IT solutions industry is characterized by rapid technological advancements and increasing demand for digital transformation. Organizations across all sectors are seeking ways to modernize their IT infrastructure, enhance security, and improve operational efficiency. CDW is well-positioned to capitalize on these trends, leveraging its expertise and extensive partner ecosystem to deliver innovative solutions that meet evolving market needs.
Conclusion
CDW Corp is a vital player in the IT solutions industry, offering a comprehensive range of products and services that empower organizations to navigate the complexities of modern technology. Its segmented approach, robust service offerings, and strong market presence make it a trusted partner for clients across various sectors. For investors and analysts, CDW represents a compelling opportunity to engage with a company at the forefront of IT innovation and integration.
CDW Corporation (Nasdaq: CDW) has announced the acquisition of Focal Point Data Risk, a leading cybersecurity services provider. This strategic move aims to enhance CDW's services portfolio, particularly in security consulting and workforce development, to better address cyber threats and comply with evolving data protection laws. Focal Point has a strong presence in regulated industries, including government and healthcare. The financial terms of the deal were not disclosed, and Focal Point is not expected to materially impact CDW's 2021 Non-GAAP earnings per share.
CDW Corporation (Nasdaq: CDW) will host a webcast on August 4, 2021, at 7:30 a.m. CT to discuss its second quarter 2021 results. The live audio webcast will be available at investor.CDW.com. The company's net sales for the trailing twelve months ended March 31, 2021, reached approximately $19 billion. A replay of the call will also be accessible shortly after the event.
CDW Corporation (Nasdaq: CDW), a top provider of IT solutions in North America and the UK, announced that CFO Collin B. Kebo will participate in virtual investor conferences. The sessions include the Evercore ISI Inaugural TMT Conference on June 7, 2021, at 7:45 a.m. CT, and the 44th Nasdaq Investor Conference on June 15, 2021, at 9:30 a.m. CT. Both events will be webcast live, with recordings available on the CDW investor relations website. CDW generated approximately $19 billion in net sales for the trailing twelve months ending March 31, 2021.
CDW Corporation (Nasdaq: CDW) announces the retirement of CFO Collin B. Kebo, effective after a successor is appointed. Kebo, who joined CDW in 2008, has played a crucial role in the company's financial strategy. His retirement is part of a planned transition, and he will remain engaged until the process is complete. Coinciding with this announcement, CDW reported record Q1 net sales and non-GAAP earnings per share, raising its fiscal year 2021 outlook and reinforcing its reputation as a leader in IT solutions across North America.
CDW Corporation (Nasdaq: CDW) announced a quarterly cash dividend of $0.40 per common share, reflecting a 5.3% increase from last year. The dividend will be paid on June 10, 2021, to shareholders of record as of May 25, 2021. Since its IPO in June 2013, CDW's dividend has increased over nine-fold, with approximately $3.8 billion returned to shareholders through dividends and share repurchases. The company emphasizes that dividends are a key part of its capital allocation strategy, alongside managing leverage and strategic acquisitions.
CDW Corporation (Nasdaq:CDW) reported strong Q1 2021 results, with net sales reaching $4,838 million, a 10.2% increase from $4,389 million in Q1 2020. Gross profit grew to $795 million, a 5.1% rise year-over-year, while operating income surged 31.6% to $323 million. Non-GAAP net income per diluted share rose 26.2% to $1.74. CDW's board approved a quarterly dividend of $0.40, set for June 10, 2021. The company anticipates low double-digit growth in Non-GAAP net income per diluted share for 2021, exceeding previous market growth expectations.
CDW Corporation (Nasdaq: CDW) will host a webcast conference call on May 5, 2021, at 7:30 a.m. CT to discuss its first-quarter 2021 results. The call will be accessible on investor.CDW.com, where participants can find the press release and presentation slides. A replay will be available shortly after the call. CDW, a Fortune 500 company, generated over $18 billion in net sales for the fiscal year ending December 31, 2020, and serves business, government, education, and healthcare sectors across the U.S., U.K., and Canada.
CDW Corporation (Nasdaq: CDW) has appointed Sanjay Mehrotra to its board of directors, effective March 24, 2021. Mehrotra, currently CEO of Micron Technology, brings extensive experience from co-founding SanDisk Corporation. The recruitment is part of CDW's strategy to enhance board diversity and innovation. Concurrently, the company acknowledged the retirement of board members Steven Alesio, Barry Allen, and Benjamin Chereskin, effective before the annual stockholders meeting on May 20, 2021, reducing the board size to ten members. CDW generated net sales exceeding $18 billion in 2020.
CDW Corporation (Nasdaq: CDW) has acquired Amplified IT, a leading education-focused consultancy, enhancing its capabilities in the K12 and Higher Education markets. The acquisition is intended to address the increasing technology needs of educational institutions, combining Amplified IT's expertise with CDW's extensive reach. Amplified IT, a Google Premium education partner, specializes in providing insights and consulting services for schools utilizing Google Cloud. The financial terms were not disclosed, but the acquisition is expected to be minimally accretive to CDW's 2021 non-GAAP earnings per share.
CDW Corporation (Nasdaq:CDW) announced the participation of Christine A. Leahy, CEO, and Collin B. Kebo, CFO, in a Q&A session at the Morgan Stanley 2021 Technology, Media and Telecom Conference. This virtual event is scheduled for March 3, 2021, at 2:30 p.m. CT/3:30 p.m. ET. The session will be available via live webcast at investor.cdw.com, with an archived version accessible for 180 days thereafter. CDW, a Fortune 500 company, reported over $18 billion in net sales for the year ending December 31, 2020.
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