Welcome to our dedicated page for CDW news (Ticker: CDW), a resource for investors and traders seeking the latest updates and insights on CDW stock.
CDW Corporation (NASDAQ: CDW) is a Fortune 500 and S&P 500 company that describes itself as a leading multi-brand provider of information technology solutions for business, government, education and healthcare customers in the United States, the United Kingdom and Canada. The CDW news page on Stock Titan aggregates company announcements, earnings releases and other updates that reflect how CDW operates within the business-to-business electronic markets and wholesale trade sector.
Investors and observers following CDW news can expect regular coverage of quarterly earnings results, where the company discusses net sales, segment performance across Corporate, Small Business, Public, UK and Canada operations, and the contribution of services, cloud offerings and complex infrastructure solutions. These releases often include management commentary on customer demand trends, technology spending patterns and the factors influencing margins and cash flow.
CDW’s news flow also features Board-approved quarterly cash dividends and related capital allocation updates, reflecting the company’s stated priorities of dividends, share repurchases, strategic mergers and acquisitions and capital structure management. Leadership announcements, such as appointments or transitions in roles like Chief Services and Solutions Officer or Chief Growth and Innovation Officer, provide insight into how CDW aligns its organization with its go-to-market strategy and digital transformation efforts.
Additional items may include participation in investor conferences, webcasts to discuss financial results and updates on initiatives that enhance CDW’s technology services and solutions capabilities. By reviewing CDW news on this page, readers can track how the company communicates its performance, strategic focus and risk considerations over time.
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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.
CDW Canada has released its latest findings from the 2023 Penetration Testing Survey, conducted among 500 IT decision-makers in Canada, highlighting the pressing need for robust cybersecurity measures.
Notably, over one-in-three (36%) organizations reported a security breach in the past year. A significant portion (80%) stemmed from external sources, while 61% were internal breaches, underscoring the importance of employee training in security best practices.
The survey identified that ransomware attacks (34%), business email compromises (34%), and phishing attacks (33%) were the most prevalent breaches. Additionally, over half (54%) of IT professionals indicated that the shift to remote or hybrid work has exacerbated security risks.
CDW Canada emphasizes the necessity of penetration testing as a strategy to mitigate these vulnerabilities effectively.
CDW Corporation (Nasdaq: CDW) announces the retirement of board member Paul J. Finnegan, effective before the 2023 annual meeting of stockholders. Finnegan has served on the board for 12 years, contributing invaluable insights during significant industry changes and strategic acquisitions. The company expresses gratitude for his service and leadership in fostering a strong CDW culture. Finnegan reflected on the company's evolution and future growth opportunities, highlighting CDW's solid positioning for continued success.