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CDW Corporation - CDW STOCK NEWS

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.

News

AI Optimism: New Report Finds Three-in-Five Canadian Organizations Are Open to Using AI

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CDW Canada releases a groundbreaking report on AI adoption trends in Canadian businesses, shedding light on unique insights and perceptions.
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CDW to Present at the Raymond James 45th Annual Institutional Investors Conference

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CDW Corporation's CFO, Albert J. Miralles, to present at Raymond James 45th Annual Institutional Investors Conference in Orlando. The webcast will be live on investor.CDW.com on March 4, 2024.
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CDW Authorizes $750 Million Share Repurchase Program Increase and Declares Quarterly Cash Dividend of $0.62 Per Share

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CDW Corporation (Nasdaq: CDW) has announced a $750 million increase to its share repurchase program and a quarterly cash dividend of $0.62 per common share, representing a 5 percent increase over last year's dividend. The company has returned over $6.3 billion to stockholders through dividends and share repurchases since its IPO in June 2013. Future dividends and share repurchase authorizations will be subject to approval by CDW's Board of Directors. The $750 million authorization is incremental to the approximately $338 million remaining from the previous repurchase program as of December 31, 2023.
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CDW Reports Fourth Quarter and Full Year 2023 Earnings

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CDW Corporation (Nasdaq:CDW) announced fourth quarter and year end 2023 results, with net sales of $5,018.5 million for the quarter and $21,376.0 million for the year. The company reported a 7.7% decrease in net sales for the quarter and a 10.0% decrease for the year. However, strong margins and disciplined capital allocation led to an increase in earnings per diluted share for the quarter and record cash flows from operations for the year. The company also announced a $750 million increase to its share repurchase authorization and a 5% increase in quarterly cash dividends. CDW remains well-positioned to outpace US IT market growth by 200 to 300 basis points in 2024.
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CDW to Announce Fourth Quarter and Full Year 2023 Results on February 7

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CDW Corporation (Nasdaq: CDW) will host a webcast conference call to discuss its fourth quarter and full year 2023 results on February 7, 2024. The leading multi-brand provider of information technology solutions will provide a live webcast accessible at investor.CDW.com and a taped replay on the website shortly after the call.
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CDW to Participate in the UBS Global Technology Conference

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CDW Corporation (Nasdaq: CDW) Announces Participation in UBS Global Technology Conference - CDW's CEO and CFO will join a Q&A session at the UBS Global Technology Conference, to be webcast live and available for 180 days on investor.cdw.com.
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CDW Increases Quarterly Cash Dividend 5% to $0.62 Per Share

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CDW Corporation has announced a quarterly cash dividend of $0.62 per common share, representing a 5 percent increase over last year's dividend. The dividend will be paid on December 12, 2023, to stockholders of record as of November 24, 2023. This marks the tenth consecutive year of dividend increases since CDW's IPO in 2013.
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CDW Reports Third Quarter 2023 Earnings

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CDW Corporation (Nasdaq: CDW) announced its third quarter 2023 results, reporting a decrease in net sales of 9.4% compared to the same period last year. However, the company achieved record margins, with gross profit margin increasing to 21.8% and operating income margin reaching 8.5%. Net income per diluted share increased by 6.9% to $2.32. CDW also approved a quarterly cash dividend of $0.62 per share.
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CDW to Announce Third Quarter 2023 Results on November 1

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CDW Corporation to host webcast conference call to discuss Q3 2023 results
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Improved Cloud Spending Optimizes Move to Digital Business Offerings, According to CDW Canada Report

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CDW Canada's 2023 Hybrid Cloud Report reveals that Canadian CEOs expect nearly half of their organization's revenue to come from digital products, services, or experiences in the next five years. However, Canadian public cloud IT spending needs improvement as 18% of spending annually is not being maximized. Organizations are turning to Financial Operations (FinOps) to optimize cloud spending, with 55% having a dedicated team. Challenges include optimizing cloud spend, allocating costs correctly, and understanding cloud price models. Canadian organizations are increasingly adopting hybrid, multicloud environments for compute and storage capacity. External-facing business objectives include reducing costs and supporting personalized customer engagement, while internal-facing objectives focus on improving staff productivity and cybersecurity. Canadian organizations need to address concerns around management, governance, security, and data protection in these environments. Working with an external IT partner can help mitigate these challenges and maintain a secure cloud environment.
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FAQ

What is the current stock price of CDW Corporation (CDW)?

The current stock price of CDW Corporation (CDW) is $175.99 as of November 20, 2024.

What is the market cap of CDW Corporation (CDW)?

The market cap of CDW Corporation (CDW) is approximately 23.3B.

What does CDW Corporation do?

CDW Corporation provides technology solutions and services to businesses, government entities, educational institutions, and healthcare organizations.

In which countries does CDW operate?

CDW operates primarily in the United States, the United Kingdom, and Canada.

What are the main segments of CDW Corporation?

The main segments are Corporate, Small Business, and Public.

Who are CDW's primary customers?

CDW serves a diverse range of clients including small, medium, and large businesses, government entities, educational institutions, and healthcare organizations.

How many employees does CDW have?

CDW employs over 6,000 individuals.

What types of products and services does CDW offer?

CDW offers a wide range of IT products and services, including hardware, software, cloud solutions, hybrid infrastructure, digital experience, and security.

Which segment generates the most revenue for CDW?

The Corporate segment generates the most revenue, primarily serving U.S. private sector business customers with more than 250 employees.

What are some recent achievements of CDW?

Recent achievements include expansions in cloud computing services, advanced cybersecurity measures, and tailored IT solutions for various sectors.

How does CDW contribute to the IT landscape?

CDW contributes by offering integrated IT solutions tailored to meet the specific needs of different sectors, partnering with leading technology firms, and staying updated with industry trends.

Where can I find the latest news about CDW Corporation?

You can find the latest news and updates on CDW Corporation through various financial news sources and the company's official website.

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CDW Corporation

Nasdaq:CDW

CDW Rankings

#489 Ranked by Market Cap
#1607 Ranked by Dividends

CDW Stock Data

23.31B
132.82M
0.33%
96.36%
2.83%
Information Technology Services
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