CDW
CDW Corporation

CDW CorporationCDW

Technology · Information Technology Services
147.43USD
+0.70%
Sep 23, 2026
CDW overview ready
Multi-vendor Integrator Enabling Enterprise AI Deployment and IT Modernization
Multi-vendor technology solutions integrator and channel enabler for customer IT modernization, including infrastructure, cloud, security and AI-related deployments.
Narrative not measured
Enterprise AI AdoptionEnterprise AI Deployment Integration and Hybrid Infrastructure ModernizationEnabling supplier
An early price trend
Longer-term context reads early recovery, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on IT spending cycles.
Market Sep 22Filing Jun 30Price action Sep 22Research Jul 21

Conviction Level

NarrativeHeat—ThemeHeat7.0PriceAction7.7Valuation5.7CompanyPosition7.3
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads early recovery, with a near-term setup of daily advance.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$18.4B
Avg Volume (60D)
1.8M
60 sessions
Revenue Growth YoY
+6.8%
FY2025 vs FY2024
Gross Margin
+21.4%
Trailing twelve months
Operating Margin
+7.1%
Trailing twelve months
Free Cash Flow Yield
+4.7%
Distance from 200DMA
+12.6%
Next Earnings
2026-11-03
P/E
17.1x
EV / EBITDA
12.1x
EV / Sales
1.0x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; peers is the dissenting view.
CDW Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Multi-vendor technology solutions integrator and channel enabler for customer IT modernization, including infrastructure, cloud, security and AI-related deployments. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Enterprise, government, education and healthcare customers are moving AI workloads and AI-enabled software from experimentation toward production, creating demand for integrated compute, networking, cloud, security, endpoint and managed-service deployments.
Key risk
Dependence on IT spending cycles.

Narrative & Theme

Enterprise AI Adoption
Part of Enterprise AI Deployment Integration and Hybrid Infrastructure Modernization, with limited fit.
CDW's current business is broader than a hardware reseller: it combines multi-vendor product fulfillment with solution design, implementation and lifecycle services across commercial, government, education, healthcare, UK and Canadian customers.
Narrative HeatHot9.1 / 10
This reading is no longer current (last measured 2026-08-27). It is kept until the next scheduled measurement replaces it.
Theme HeatHeating up7.0 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Information Technology Services
What they do

CDW Corporation provides IT solutions including hardware, software, and integrated services across on-premise and cloud environments, operating primarily in the US, UK, and Canada through Commercial, Government, and Education segments.

How it earns

Primarily transactional sales of hardware and software products combined with recurring and project-based IT services.

Products & services
Notebooks and mobile devices
Network communications hardware
Data storage and servers
Collaboration hardware
Integrated IT solutions including cloud and security services
Customers & end markets
Commercial businesses
Government agencies
Educational institutions
Market position

Leader in IT value-added reseller (VAR) services with broad product and service offerings.

Demand drivers
Medium cyclicality

Demand is influenced by IT spending cycles in commercial, government, and education sectors but supported by recurring needs.