CDW Corporation - CDW STOCK NEWS

CDW Canada highlights the critical importance of regular penetration testing in combating sophisticated cyberattacks. Their research indicates that, while 95% of Canadian organizations take security seriously, only 60% conduct penetration testing, with 18% not testing at all. Barriers include lack of priority, expertise, and budget. The report reveals that over 26% faced security breaches leading to productivity (58%), data (37%), and financial losses (25%). CDW emphasizes the need for organizations to engage trusted IT partners for effective threat defense.

CDW Corporation (NASDAQ: CDW), a leading provider of IT solutions, announced the release of its 2021 Environmental, Social, and Governance (ESG) report. This report highlights the progress made since its inaugural report in 2019, emphasizing CDW's commitment to enhancing its impact on customers and communities. The company's net sales for 2021 reached approximately $21 billion, supported by a workforce of over 13,900 employees.

CDW’s CEO, Christine A. Leahy, expressed pride in the firm’s advancements in ESG initiatives, which reflect its unique culture and stakeholder support.

CDW (Nasdaq: CDW) has appointed Steve O’Brien as the new vice president of investor relations. O’Brien has over 15 years of experience as a sell-side equity analyst in the technology sector, previously leading investor relations at Arrow Electronics. His extensive background includes roles at Jefferies and J.P. Morgan. CFO Al Miralles expressed enthusiasm about O’Brien's appointment, emphasizing his expertise in the technology industry and investor relations.

CDW Corporation (Nasdaq: CDW) announced that CEO Christine A. Leahy will present at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 7:05 a.m. CT in Orlando, Florida. The event will be webcast live on the company's investor website, with an archived presentation available for one year. CDW is a leading multi-brand provider of IT solutions, generating approximately $21 billion in net sales for the year ending December 31, 2021, and employs over 13,900 coworkers across the U.S., U.K., and Canada.

CDW Corporation has declared a quarterly cash dividend of $0.50 per common share, marking a 25% increase from last year. The dividend will be paid on March 10, 2022, to stockholders of record as of February 25, 2022. Since its IPO in June 2013, CDW's dividend has increased tenfold, returning over $5.2 billion to shareholders through repurchases and dividends. The company aims to reduce its debt ratio to a target range of 2.5 to 3.0 times in 2022 after its $2.5 billion acquisition of Sirius.

CDW Corporation (Nasdaq: CDW) reported strong financial results for Q4 and FY 2021. Q4 net sales increased by 11.7% to $5.54 billion, driven partly by the $197 million contribution from the acquisition of Sirius. Full-year net sales reached $20.82 billion, up 12.7% year-over-year. However, net income for Q4 dropped 9.7% to $215 million, with diluted EPS at $1.57. The Board approved a quarterly dividend of $0.50 per share, a 25% increase from the prior year. CDW projects continued growth, expecting to outperform the US IT market by 200 to 300 basis points in 2022.

CDW Corporation has received the 2021 Global Customer Value Leadership Award from Frost & Sullivan for its impactful digital transformation services provided to over 4,000 customers using its Amplified™ Services portfolio. Strategic acquisitions have expanded CDW's service offerings, which now encompass managed services across various sectors including cloud and security. The company reports an NPS of 54 for managed services and 68 for professional services, indicating customer satisfaction. With over $20 billion in net sales, CDW continues to grow its billion-dollar services business as a preferred digital transformation partner.

CDW Corporation (NASDAQ:CDW) will hold a webcast conference call on February 9, 2022, at 7:30 a.m. CT to discuss its fourth quarter and full year 2021 results. Interested parties can access the live audio webcast at investor.CDW.com. The press release and presentation slides will be available on the same site before the call. CDW generated over $20 billion in net sales for the twelve months ending September 30, 2021, and employs about 11,000 coworkers across the U.S., U.K., and Canada.

Hewlett Packard Enterprise (HPE) announced that CDW has adopted its HPE GreenLake edge-to-cloud platform to enhance its ServiceWorks offerings. The partnership aims to scale operations and improve financial flexibility, eliminating the need for large upfront capital investments. CDW will benefit from a pay-per-usage model, enabling better cost management aligned with revenue. This collaboration is expected to enhance the deployment of Desktop-as-a-Service solutions to meet growing customer demand, particularly in the post-pandemic landscape.