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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

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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CDW Declares Quarterly Cash Dividend of $0.59 Per Share

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CDW Corporation (Nasdaq: CDW) declares a quarterly cash dividend of $0.59 per common share, reinforcing its commitment to delivering value to stockholders. The company's capital allocation strategy has resulted in a 10-fold increase in dividends since its IPO in June 2013, returning approximately $6.1 billion to stockholders through share repurchases and dividends.
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CDW Reports Second Quarter 2023 Earnings

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CDW Corporation (Nasdaq: CDW) announced second quarter 2023 results, with net sales decreasing by 8.5% compared to the same period last year. Gross profit increased by 1.1% and operating income decreased by 5.3%. The company also approved a quarterly cash dividend of $0.59 per share.
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CDW Adds Kelly J. Grier to Board of Directors

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CDW Corporation (Nasdaq: CDW) announced the addition of Kelly J. Grier to its board of directors. Grier, former US Chair and Managing Partner of Ernst & Young LLP, brings extensive experience in global macroeconomic trends, financial reporting, and DEI leadership.
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CDW to Announce Second Quarter 2023 Results on August 2

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CDW Corporation will host a webcast conference call to discuss its second quarter 2023 results on August 2, 2023. The conference call will be accessible at investor.CDW.com.
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CDW to Participate in the J.P. Morgan 51st Annual Global Technology, Media & Communications Conference

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CDW Corporation announces that CEO Christine A. Leahy will participate in a Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference.
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CDW Declares Quarterly Cash Dividend of $0.59 Per Share

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CDW Reports First Quarter 2023 Earnings

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CDW Reports Preliminary First Quarter 2023 Results and Updates 2023 US IT Industry Outlook

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CDW Corporation (Nasdaq: CDW), a prominent provider of IT solutions, has released preliminary results for Q1 2023, ending March 31. The quarter experienced economic uncertainty, leading to cautious spending from customers. Net sales reached approximately $5.1 billion, but performance fell short of expectations, especially in sales to large commercial clients and transactional products. While solutions showed more resilience, they too did not meet anticipated benchmarks. Consequently, CDW predicts a high single-digit decline in the US IT market for 2023. Nonetheless, the company aims for net sales growth that outpaces market declines by 200 to 300 basis points. Cash flow was strong, allowing CDW to return about $280 million to shareholders through dividends and share buybacks, despite anticipating non-GAAP earnings per share to be below that of full-year 2022.

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FAQ

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

The current stock price of CDW Corporation (CDW) is $181.34 as of January 9, 2025.

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

The market cap of CDW Corporation (CDW) is approximately 24.2B.

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

#467 Ranked by Market Cap
#1654 Ranked by Dividends

CDW Stock Data

24.17B
132.85M
0.31%
96.14%
1.99%
Information Technology Services
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United States of America
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