CDW Corp Stock Price, News & Analysis

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.