$147.690
-1.270 (-0.86%)At close
CDW News
CDW Events
CDW CFO Albert Miralles Plans to Retire in 2027
CDW Corporation announced that Albert Miralles, CFO, plans to retire in 2027 following the completion of an orderly transition. Mr. Miralles will remain in his current role until his successor is appointed and will then continue to serve in an advisory capacity to ensure a smooth transition. The search for a successor is currently underway.
CDW Reports Q2 Revenue of $6.57B, Exceeding Expectations
Reports revenue $6.57B, consensus $6.21B. "CDW delivered strong second quarter results as customers advanced investments in infrastructure modernization, cloud, and AI-enabled technologies," said Christine A. Leahy, chair and chief executive officer, CDW. "As organizations move beyond AI exploration and focus on scaling practical use cases, they increasingly rely on trusted partners with the expertise to integrate solutions across the full technology stack. Our diversified portfolio, customer-centric strategy, and services-led capabilities position us well to capture evolving technology demand and drive long-term value creation. As technology environments become more complex and evolve at an accelerating pace, CDW's role as a trusted advisor is more relevant than ever," Leahy concluded. "By bringing together deep industry and technology expertise across the full technology stack and lifecycle, we help customers navigate change and deliver measurable business outcomes. Supported by these strengths, we remain confident in our ability to exceed US IT addressable market growth by 200 to 300 basis points on a constant currency basis."
CDW, Axon, Moderna Among Notable Gainers
Notable gainers among liquid option names this morning include CDW (CDW) $130.60 +7.03, Axon Enterprise (AXON) $430.55 +20.52, Moderna (MRNA) $62.28 +2.94, Texas Pacific Land Trust (TPL) $378.16 +17.05, and IBM (IBM) $263.32 +11.10.
MGM Resorts Stock Rises $5.45
Notable gainers among liquid option names this morning include MGM Resorts (MGM) $49.12 +5.45, ServiceNow (NOW) $136.46 +12.09, CDW (CDW) $136.55 +11.10, Humana (HUM) $329.50 +24.08, and Veeva (VEEV) $187.24 +12.90.
CDW Corporation Board Approves $1B Increase to Share Repurchase Program
CDW Corporation announced that its Board of Directors has authorized a $1B increase to the company's share repurchase program. "Share repurchases represent an important component of our capital allocation priorities, along with dividends, strategic M&A, and managing our capital structure," said Albert J. Miralles, chief financial officer, CDW. "Since our IPO in June 2013 we have returned approximately $8.4 billion to stockholders through share repurchases and dividends. Our capital allocation strategy has enabled us to deliver value to our stockholders, just as we have delivered value to our customers and partners for over 40 years."
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