CDW Corporation (CDW)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-11-04
$158.39-6.14%
Close 2026-11-05 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-11-04
QuarterlyIQ Insights · CDW
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 14.7% |
| Our one-year growth estimate | diamond | 6.4% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 8.3 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 24 industry peers · Company calendar date is not available
CDW — dividend update
Dated 2026-11-04
Other Events. Quarterly Cash Dividend On November 4, 2026, the Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.680 per common share to be paid on December 10, 2026 to all stockholders of record as of the close of business on November 25, 2026. A copy of the press release announcing the declaration of the quarterly cash dividend is attached to this report as Exhibit 99.2 and incorporated herein by reference.
Why it matters: Government sales grew 13.6% in Q2, while Education sales grew only 0.7%. Their next results will show if growth broadens.
Watch forQ3 Government and Education sales both grow faster than 0.7% year over year.
Also watch forQ3 Education sales are flat or down year over year, or Government sales growth turns negative.
Why it matters: CDW's non-GAAP operating margin fell to 8.5% in Q2 from 8.7% a year earlier. Higher costs and hardware mix may add pressure.
Worry ifQ3 non-GAAP operating margin falls below 8.5% year over year, and expense growth exceeds sales growth.
Less concerning ifQ3 non-GAAP operating margin is at least 8.5%. Expenses grow no faster than sales.
Why it matters: CDW has named AI, cloud, and infrastructure as customer demand areas. Q3 results can show whether demand remains strong.
Watch forOn November 4, CDW reports year-over-year sales growth. It cites demand for infrastructure, cloud, or AI solutions.
Also watch forOn November 4, CDW reports lower sales than a year ago, or says demand fell across key tech areas.
Why it matters: CFO Albert Miralles plans to retire in 2027. A clear successor and smooth handoff would reduce disruption risk.
Supportive ifCDW names a new CFO and says the handoff will finish before Miralles retires in 2027.
Worry ifCDW says it has not named a successor by the stated retirement date, or reports a delayed handoff.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$162 on $10,000 · ±1.6% | How much price usually moves either way. |
| Bad day | $436 loss on $10,000 · 4.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,339 loss on $10,000 · 33.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: CDW reported 10% sales growth in Q2 and targets growth above the U.S. IT market. A slower Q3 would test that trend.
Watch forQ3 net sales grow at least 9% year over year, and CDW keeps its target of beating U.S. IT market growth by 200 to 300 basis points.
Also watch forQ3 net sales growth falls below 9%, or CDW lowers its target of beating U.S. IT market growth by 200 to 300 basis points.
Why it matters: Q2 sales grew 10%, but gross profit grew just 6.3%. CDW cited lower margins in some hardware sales.
Watch forQ3 gross margin rises above 20.1%, with gross profit growth matching or exceeding sales growth.
Also watch forQ3 gross margin falls below 20.1%, or gross profit growth again trails sales growth.