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CDW Corporation ($CDW) Stock Forecast: Up 6.0% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is CDW Corporation?

CDW is a leading multi-brand provider of information technology solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. It is listed on the Nasdaq exchange under the ticker symbol CDW.

Why is CDW Corporation going up?

CDW stock is up 6.0% on Feb 7, 2024 15:05

  • CDW 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. This news indicates a positive outlook for the company and may have contributed to the bullish movement in its stock.
  • The company has a history of returning value to its stockholders through dividends and share repurchases, which further strengthens investor confidence.
  • The overall market sentiment towards CDW seems positive, as indicated by the resilient margins and strategic focus mentioned in the earnings article. This could be another factor driving the bullish movement in the stock.

CDW Price Chart

CDW News

CDW Corp (CDW) Earnings: Navigating Economic Headwinds with Resilient Margins and Strategic Focus

CDW Corp (CDW) Earnings: Navigating Economic Headwinds with Resilient Margins and Strategic Focus

https://www.gurufocus.com/news/2201904/cdw-corp-cdw-earnings-navigating-economic-headwinds-with-resilient-margins-and-strategic-focus

News Article Image CDW Corp (CDW) Earnings: Navigating Economic Headwinds with Resilient Margins and Strategic Focus

CDW Authorizes $750 Million Share Repurchase Program Increase and Declares Quarterly Cash Dividend of $0.62 Per Share | CDW Stock News

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.

https://www.stocktitan.net/news/CDW/cdw-authorizes-750-million-share-repurchase-program-increase-and-c3jjdzf1vnl6.html

News Article Image CDW Authorizes $750 Million Share Repurchase Program Increase and Declares Quarterly Cash Dividend of $0.62 Per Share | CDW Stock News

CDW Authorizes $750 Million Share Repurchase Program Increase and Declares Quarterly Cash Dividend of $0.62 Per Share

CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced that its Board of Directors has authorized a $750 million increase to the company’s share repurchase program and declared a quarterly cash dividend. The cash dividend of

https://www.wallstreet-online.de/nachricht/17770823-cdw-authorizes-750-million-share-repurchase-program-increase-and-declares-quarterly-cash-dividend-of-0-62-share

News Article Image CDW Authorizes $750 Million Share Repurchase Program Increase and Declares Quarterly Cash Dividend of $0.62 Per Share

Earnings Scheduled For February 7, 2024

Companies Reporting Before The Bell • Madison Square Garden (NYSE: MSGE ) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million. • Scotts Miracle Gro (NYSE: SMG ) is expected to report quarterly loss at $1.53 per share on revenue of $412.83 million. • TotalEnergies (NYSE: TTE ) is projected to report quarterly earnings at $2.28 per share on revenue of $41.80 billion. • Equinor (NYSE: EQNR ) is likely to report earnings for its fourth quarter. • Euronet Worldwide (NASDAQ: EEFT ) is estimated to report quarterly earnings at $1.76 per share on revenue of $944.71 million. • Flex LNG (NYSE: FLNG ) is likely to report quarterly earnings at $0.67 per share on revenue of $98.38 million. • Alibaba Gr Holding (NYSE: BABA ) is expected to report quarterly earnings at $2.69 per share on revenue of $36.74 billion. • Bunge Global (NYSE: BG ) is projected to report quarterly earnings at $2.80 per share on revenue of $15.06 billion. • DAYFORCE INC COM (NYSE: CDAY ) is estimated to report quarterly earnings at $0.

https://www.benzinga.com/insights/earnings/24/02/36973755/earnings-scheduled-for-february-7-2024

News Article Image Earnings Scheduled For February 7, 2024

Atria Investments Inc Decreases Stock Holdings in CDW Co. (NASDAQ:CDW)

… amp; Exchange Commission. The institutional investor owned 18,690 shares of … during the quarter. Atria Investments Inc’s holdings in CDW … Hedge funds and other institutional investors own 93.04% of the … 5 % Want More Great Investing Ideas? NASDAQ:CDW opened …

https://www.etfdailynews.com/2024/02/02/atria-investments-inc-decreases-stock-holdings-in-cdw-co-nasdaqcdw/

News Article Image Atria Investments Inc Decreases Stock Holdings in CDW Co. (NASDAQ:CDW)

CDW Corporation Price History

07.01.2024 - CDW Stock was up 6.0%

  • CDW 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. This news indicates a positive outlook for the company and may have contributed to the bullish movement in its stock.
  • The company has a history of returning value to its stockholders through dividends and share repurchases, which further strengthens investor confidence.
  • The overall market sentiment towards CDW seems positive, as indicated by the resilient margins and strategic focus mentioned in the earnings article. This could be another factor driving the bullish movement in the stock.

02.10.2023 - CDW Stock was up 6.1%

  • The bullish movement in CDW's stock today could be attributed to the following factors:
  • 1. Strong Q3 Earnings: CDW Corporation reported a profit for its third quarter that exceeded expectations. This positive earnings result likely boosted investor confidence and contributed to the bullish movement in the stock.
  • 2. Market Sentiment: The overall market sentiment may have been positive, leading to increased buying interest in CDW shares. Favorable market conditions and investor optimism can often drive stock prices higher.
  • 3. Investor Confidence: CDW's strong performance and beating of Street estimates could have instilled confidence in investors, attracting more buyers to the stock. Positive news about a company's financial health can often lead to increased investor interest and a bullish market movement.
  • 4. Potential Growth Opportunities: The short SWOT analysis mentioned in one of the articles may have highlighted potential growth opportunities for CDW. This could have sparked investor excitement and contributed to the bullish movement in the stock.
  • Overall, CDW's strong Q3 earnings, positive market sentiment, investor confidence, and potential growth opportunities likely played a role in the bullish movement of the stock today.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.

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Date
Feb 7, 2024 15:05
Content
CDW Corporation ($CDW) Stock Forecast: Up 6.0% Today What is CDW Corporation? Why is CDW Corporation going up? CDW CDW Price Chart CDW News Trending Today CDW Corporation Price History 07.01.2024 - CDW Stock was up 6.0%02.10.2023 - CDW Stock was up 6.1%