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CDW Corporation

CDW · NASDAQ

Market closed$133.24$-1.10 (-0.82%)After hours $135.00 · +1.32%

Key statistics

Previous close$134.34
Open$133.11
Day high$135.59
Day low$131.23
52-week high$183.66
52-week low$97.12
Market cap17.02B
Volume1.95M
Average volume2.16M
P/E ratio13.11
Forward P/E11.34
EPS10.16
Dividend yield+1.89%

Market context

Why it moved

CDW shares edged lower as investors remained cautious ahead of pending Q2 2026 earnings results, with ongoing concerns about gross margin contraction and competitive pressures in the IT solutions sector tempering optimism around AI infrastructure demand.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026CDW Corporation closed modestly lower amid a broader sector-driven selloff in enterprise IT names, as investor concern grew that corporate technology budgets are shifting toward core AI infrastructure at the expense of broader IT procurement — a headwind for CDW's diversified solutions business. IBM's preannouncement of a Q2 revenue miss on July 14, citing faster-than-expected customer budget rotation toward servers and memory, rippled through enterprise tech peers and weighed on sentiment; CDW's own Q1 2026 results added to caution, as gross margin slipped to 21.0% from 21.6% and non-GAAP operating margin compressed to 8.0% from 8.5%, reinforcing fears that revenue growth isn't fully translating to profitability. In after-hours trading, shares rebounded ~1.3%, with Q2 2026 earnings — expected August 7 — now squarely in focus, with analysts forecasting EPS of $2.65.

-0.8188

July 17, 2026CDW Corporation shares closed sharply higher, rebounding from prior-session weakness driven by IBM's Q2 earnings miss and enterprise IT spending concerns. JPMorgan raised its price target on CDW to $175 from $130 while maintaining an Overweight rating, helping lift sentiment around the IT services provider. The move came against a difficult broader tech backdrop, as semiconductor stocks dragged the Nasdaq and S&P 500 lower even as strong Q2 earnings from TSMC reinforced AI infrastructure demand — a dynamic that underscores investor optimism that CDW's enterprise IT distribution business may benefit from ongoing corporate technology refresh cycles.

2.6593

July 16, 2026CDW Corporation closed sharply lower, tumbling over 6% as IBM's Q2 earnings miss sent shockwaves through the broader IT services and software sector. IBM plunged roughly 23-25% after revealing that enterprise customers shifted spending toward AI infrastructure and data centers at the expense of traditional software—a direct headwind for IT solutions distributors like CDW. The selloff hit peers including Accenture, ServiceNow, and Workday, reflecting investor concern that legacy IT spending may be structurally under pressure amid the AI transition.

-6.1128

July 15, 2026CDW Corporation shares fell sharply, significantly underperforming the broader market and the technology sector ETF (XLK), after IBM pre-announced a Q2 earnings miss that sent shockwaves through IT services stocks broadly. IBM's revenue miss against the $17.86 billion analyst consensus dragged down peer IT services names, with CDW also extending losses in after-hours trading, dropping an additional 2.56% to around $135.82. The selloff comes despite CDW's own solid recent track record—Q1 revenue of $5.68 billion beat estimates by a wide margin—and a Morgan Stanley upgrade to Overweight with a $170 price target just weeks ago, highlighting how sector-wide sentiment can override company-specific fundamentals.

-3.443

July 14, 2026CDW Corporation closed essentially flat on Monday but is surging roughly 3.7% in after-hours trading, sharply outperforming the broader tech sector ETF (XLK) which edged lower in extended hours. The after-hours jump follows a session in which equities broadly retreated amid renewed U.S.-Iran military tensions and a chip stock selloff, with the S&P 500 and Nasdaq declining on the day. Investor focus on CDW is sharpening ahead of earnings season, supported by recent analyst upgrades — including Morgan Stanley lifting the stock to Overweight with a $170 target in late June — and a Q1 beat where revenue of $5.68 billion topped estimates by ~$200 million, growing 9.2% year over year. Additional tailwinds include CDW's $7.5 billion share repurchase authorization and momentum around its Steward lifecycle platform integration, which analysts suggest could deepen customer relationships and support a shift toward higher-margin managed services.

-0.0242

July 11, 2026CDW Corporation rose nearly 3%, outperforming peers and the broader tech sector (XLK closed modestly higher) as investors responded to renewed interest in the IT solutions provider amid valuation re-rating narratives. A Yahoo Finance analysis flagged CDW as potentially ~5% undervalued following momentum in its Steward lifecycle platform, which is sharply cutting statement-of-work preparation times for customers. The move builds on recent insider buying of $2.5 million in shares and analyst commentary citing the stock trading well below fair value estimates, as market leadership continues to broaden beyond mega-cap tech toward infrastructure and IT services beneficiaries.

2.9812

July 10, 2026CDW Corporation closed modestly higher, recovering from the prior session's decline as investors weighed a constructive value narrative against ongoing macro headwinds. Recent attention has centered on the stock's removal from Russell Growth indices, which may have pressured passive fund flows, while a Q2 2026 investor letter from Middle Coast Investing argued the selloff has overshot fundamentals — noting CDW was purchased at under 10x earnings and has since rallied ~35%. Insider buying of $2.5 million over the past three months adds to the bullish case, even as hedge fund ownership has dipped to 46 portfolios from 58 the prior quarter. Geopolitical volatility from the escalating U.S.-Iran conflict and renewed inflation fears from surging oil prices continue to weigh on broader IT spending sentiment.

1.808

July 8, 2026CDW Corporation closed modestly lower as broader market risk-off sentiment weighed on IT services stocks, driven by President Trump declaring the U.S.-Iran ceasefire 'over,' which sent oil prices surging and triggered a Nasdaq selloff. The pullback follows a strong 3.8% rally the prior session; CDW remains in focus amid valuation debates — GurFocus pegs it ~32% below GF Value — and its recent removal from Russell Growth indices, which may pressure passive fund flows. Insider RSU grants and $2.5M in open-market purchases over three months signal internal confidence.

-1.0845

ad-hoc-news.de · July 19, 2026CDW stock trades steadily as latest earnings and guidance frame valuationSimply Wall Street · July 18, 2026Does CDW's (CDW) AI-Focused Restructuring Subtly Redefine Its Long-Term Competitive Edge?ad-hoc-news.de · July 17, 2026CDW stock trades near its yearly high as strong IT spending supports revenue growthCRN · July 16, 2026CDW Cuts Jobs As AI Cost-Cutting Drive Takes HoldMoomoo · July 16, 2026Evercore ISI Adjusts Price Target on CDW to $180 From $160, Maintains Outperform RatingQuiver Quantitative · June 1, 2026CDW jumps nearly 10% as buyback expansion and CEO share purchase buoy sentimentStock Titan · May 13, 2026$1B buyback boost: CDW board expands share repurchase planStock Titan · May 6, 2026Server and software demand lifts CDW to $5.68B in quarterly sales
Mt Newswire · July 16, 2026JPMorgan Adjusts Price Target on CDW to $175 From $130, Maintains Overweight Rating
Benzinga · June 23, 2026Morgan Stanley Upgrades CDW to Overweight, Raises Price Target to $170
Mt Newswire · June 23, 2026Morgan Stanley Upgrades CDW to Overweight From Equalweight, Adjusts PT to $170 From $142
Mt Newswire · May 29, 2026CDW Insider Bought Shares Worth $2,005,740, According to a Recent SEC Filing
Mt Newswire · May 27, 2026CDW Shares Rise After JPMorgan Upgrade
Benzinga · May 27, 2026JP Morgan Upgrades CDW to Overweight, Maintains Price Target to $130
Mt Newswire · May 27, 2026JPMorgan Upgrades CDW to Overweight From Neutral, Price Target is $130
Mt Newswire · May 13, 2026CDW Authorizes Additional $1 Billion Share Buyback Program

Peers

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