CDW Corporation (CDW)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
$152.38-1.00%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
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 | -8.2% |
| Our one-year growth estimate | diamond | 5.2% |
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 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
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 13.5 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 38 industry peers · Company calendar date is not available
CDW — CFO transition
Dated 2026-08-05
Chief Financial Officer and Executive Vice President, Enterprise Business Operations — Albert J. Miralles: Mr. Miralles is retiring in 2027 with a planned transition and advisory role.
Why it matters: The repurchase program is key to returning value to shareholders. Its effectiveness will show in stock performance.
Supportive ifThe share price goes up a lot after the $1 billion buyback is announced.
Worry ifShare price declines or remains flat despite the buyback announcement.
Why it matters: An increase shows strong cash flow. It also shows a commitment to return cash to shareholders.
Supportive ifThey announced a cash dividend of more than $0.630 this quarter.
Worry ifNo increase in the quarterly cash dividend from the current $0.630.
Why it matters: Slower growth in operating income may mean the company has problems.
Worry ifOperating income growth drops below 2% year over year in Q3.
Less concerning ifOperating income growth meets or exceeds 2% year over year in Q3.
Why it matters: Higher operating costs can hurt profits and cash flow.
Worry ifOperating expenses rise more than 10% year over year in Q3.
Less concerning ifOperating expenses increase by 10% or less year over year in Q3.
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.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$175 on $10,000 · ±1.7% | How much price usually moves either way. |
| Bad day | $405 loss on $10,000 · 4.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,129 loss on $10,000 · 41.3% | 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: Improved cash flow shows better financial health. It is key for future investments.
Supportive ifCash from operating activities goes up to $274.8M in Q1 2026.
Worry ifCash from operating activities drops or stays under $274.8M in Q2 2026.
Why it matters: Good succession planning is important. It helps keep investor confidence during the change.
Watch forThey announced a successor for CFO Albert J. Miralles before he retires.
Also watch forThey did not announce a clear succession plan before Miralles retired.
Why it matters: News on share buybacks shows how much management wants to return money to investors.
Supportive ifManagement announces how many shares they bought back under the new $1 billion plan.
Worry ifNo news or details on share buybacks will be shared in upcoming updates.
Why it matters: Future dividend news shows CDW's plan to return money to shareholders.
Watch forThey announce a higher dividend or special dividend after June 10, 2026.
Also watch forThere is no news of dividend increases or special dividends after June 10, 2026.
Why it matters: Growing faster than the market is key for staying competitive and keeping investor trust.
Supportive ifCDW reports revenue growth exceeding US IT market growth by 200-300 basis points.
Worry ifCDW's revenue growth lags behind US IT market growth by more than 300 basis points.
Why it matters: Updates on the buyback program show management's trust in the stock's value.
Supportive ifCDW says it has finished a big part of the $1 billion share repurchase.
Worry ifNo news or delays in the share repurchase program.
Why it matters: Exceeding this growth rate would indicate CDW is gaining market share and executing well.
Supportive ifUS IT market growth reported above 9.2% year over year.
Worry ifUS IT market growth reported below 9.2% year over year.
Why it matters: This will show if CDW can maintain its growth momentum. A drop below 9% could signal weakening demand.
Worry ifQ3 net sales growth below 9% year over year.
Less concerning ifQ3 net sales growth at or above 9% year over year.
Why it matters: More buybacks show strong management and confidence in the business.
Supportive ifThey announced more share buybacks than the $1 billion allowed.
Worry ifNo announcements of increased share repurchases or a pause in the program.
Why it matters: A drop in margin might mean higher costs or pricing pressures. This can hurt profits.
Worry ifQ3 gross profit margin below 20%.
Less concerning ifQ3 gross profit margin at or above 20%.
Why it matters: This will show if earnings growth is slowing. A drop below $2.90 could raise concerns.
Worry ifQ3 non-GAAP net income per share below $2.90.
Less concerning ifQ3 non-GAAP net income per share at or above $2.90.