Welcome to our dedicated page for CDW Corporation news (Ticker: CDW), a resource for investors and traders seeking the latest updates and insights on CDW Corporation stock.
CDW Corporation (symbol: CDW) is a premier provider of technology solutions catering to a diverse range of clients, including businesses, government entities, educational institutions, and healthcare organizations. Operating primarily in the United States, the United Kingdom, and Canada, CDW boasts a vast portfolio that spans from discrete hardware and software products to comprehensive IT solutions and services. These offerings encompass on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.
Founded on the principle of bridging the gap between technology veterans and novices, CDW employs over 6,000 individuals who bring specialized knowledge and expertise to the table. The company operates through three main segments: Corporate, Small Business, and Public. Notably, the Corporate segment is the largest revenue generator, focusing on private sector businesses with more than 250 employees across the US.
CDW's clientele benefits from an integrated approach to IT, wherein solutions are customized to meet specific needs, whether that involves upgrading existing infrastructure, enhancing digital experiences, or bolstering security measures. With partnerships and collaborations with leading technology firms, CDW continually updates its product and service offerings to align with the latest industry trends and technological advancements.
Recent achievements include significant expansions in cloud computing services, advanced cybersecurity measures, and tailored IT solutions designed to meet the unique demands of various sectors. Financially, CDW has consistently demonstrated robust growth and stability, making it a reliable partner for organizations looking to leverage technology for strategic advantage.
Stay tuned for the latest updates and news on CDW Corporation to learn more about their ongoing projects, financial performance, and innovations in the IT landscape.
CDW has initiated cash tender offers to purchase all outstanding 5.500% Senior Notes due 2024 and 4.125% Senior Notes due 2025 issued by CDW and CDW Finance The tender offers will expire on August 16, 2024, at 5:00 p.m., New York City time, unless extended or terminated earlier. The expected settlement date is August 22, 2024.
The consideration for the 5.500% Notes is fixed at $1,000 per $1,000 principal amount. For the 4.125% Notes, the consideration will be determined based on a fixed spread plus the yield of the specified Treasury Reference Security, with a maximum of 100% of the principal amount. BofA Securities and J.P. Morgan Securities are acting as Joint Dealer Managers for the tender offers.
CDW (Nasdaq: CDW), a leading multi-brand provider of IT solutions, has announced a quarterly cash dividend of $0.62 per common share. The dividend will be paid on September 10, 2024 to stockholders of record as of August 26, 2024. This declaration reinforces CDW's commitment to delivering value to stockholders through dividends and share repurchases. Since its IPO in June 2013, CDW's dividend has increased nearly fifteen-fold, and the company has returned approximately $6.7 billion to stockholders through share repurchases and dividends. CDW's CFO, Albert J. Miralles, emphasized that these capital allocation strategies demonstrate confidence in the company's earnings power and cash flow generation.
CDW (Nasdaq: CDW) reported second quarter 2024 results, showing resilience amid economic uncertainty. Net sales decreased 3.6% to $5,423 million, while gross profit remained stable at $1,183 million. The company saw improved gross profit margin of 21.8%, up 80 basis points from 2023. Operating income increased 5.1% to $433 million, and net income rose 7.0% to $281 million. Earnings per diluted share grew 7.5% to $2.07. CDW's performance was driven by strong margins and cash flow management, despite cautious customer spending. The company maintained its position as a trusted advisor in cloud, security, and services, offsetting weaknesses in other areas.
CDW (Nasdaq: CDW), a leading multi-brand provider of IT solutions, has announced it will host a webcast conference call to discuss its second quarter 2024 results on Wednesday, July 31, 2024, at 7:30 a.m. CT/8:30 a.m. ET. The live webcast, including audio and slides, will be accessible at investor.CDW.com. Investors are advised to visit the website at least 15 minutes before the call to register and download any necessary software. The press release and presentation slides will be available on the website prior to the call. A taped replay will be accessible shortly after the call concludes. For any questions, investors can email investorrelations@cdw.com.
CrowdStrike (Nasdaq: CRWD) has announced surpassing $1 billion in sales through its partnership with CDW (Nasdaq: CDW). This achievement comes alongside CrowdStrike attaining CDW's Diamond Level Partner Status, highlighting the robust collaboration between the two companies. CDW is a prominent provider of IT solutions to business, government, education, and healthcare sectors across the US, UK, and Canada. The partnership leverages CrowdStrike's AI-native Falcon platform to deliver advanced cybersecurity solutions, allowing organizations to consolidate legacy products, improve ROI, and prevent breaches. This milestone underscores the combined efforts of both companies in modernizing security operations and delivering significant cybersecurity outcomes for their customers.
CDW has released its 2024 Cybersecurity Research Report, highlighting the need for comprehensive cybersecurity strategies. The survey of over 950 U.S. tech and security professionals revealed that 88% feel somewhat or very confident in their cybersecurity visibility. However, 49% still feel only somewhat prepared for breaches. Key findings include the effectiveness of identity and access management (IAM) solutions, the significance of zero trust, and the need for better employee training and budgetary resources. Notably, 43% of respondents experienced breaches costing $1-$10 million. CDW emphasizes a multi-layered approach to cybersecurity to enhance visibility, control, and risk reduction.
CDW (Nasdaq: CDW) has declared a quarterly cash dividend of $0.62 per common share to be paid on June 11, 2024. This announcement reflects the company's commitment to delivering value to its stockholders through dividends and share repurchases, alongside strategic M&A and management of its capital structure. CDW's capital allocation strategy has resulted in significant returns to stockholders since its IPO in June 2013.
CDW reported its first quarter 2024 earnings, showcasing a decrease in net sales by 4.5%. The company posted a strong gross profit margin of 21.8%, with operating income decreasing by 7.7%. CDW also announced a dividend of $0.62 per share. Despite weak IT market conditions, the company remains focused on optimizing cash flow and meeting customer needs.
CDW Canada released its annual Canadian Cybersecurity Study, revealing a surge in successful cyberattacks aided by AI adoption. The report emphasizes the use of AI by cybercriminals to orchestrate sophisticated attacks, highlighting the need for organizations to enhance their cybersecurity strategies. Despite declining IT budgets, organizations are increasing cybersecurity spending to combat evolving threats, with a focus on threat detection and response.
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