CDW (NASDAQ:CDW) Reaches New 1-Year High on Better-Than-Expected Earnings

Posted by Brian Himes on Nov 4th, 2026

CDW Corporation (NASDAQ:CDW – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $166.24 and last traded at $166.6310, with a volume of 953,382 shares changing hands. The stock had previously closed at $149.77.

The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.28. CDW had a return on equity of 50.61% and a net margin of 4.60%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the firm posted $2.71 earnings per share. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year.

Key CDW News

Here are the key news stories impacting CDW this week:

Positive Sentiment: CDW reported adjusted earnings of $3.26 per share, ahead of the $2.98 consensus, while revenue rose 17.7% year over year to $6.754 billion, also topping estimates. Strong enterprise AI adoption and broad-based demand helped drive the results. Article: CDW Stock Jumps as AI Infrastructure Demand Drives Q3 Beat
Positive Sentiment: The board declared a quarterly dividend of $0.68 per share, about 8% higher than last year, signaling increased cash returns to shareholders. Article: CDW Declares Quarterly Cash Dividend
Negative Sentiment: Margin compression and rising expenses temper the otherwise strong results and could weigh on profitability if cost pressures persist. Article: CDW Q3 Earnings Beat Despite Margin Compression

Analyst Ratings Changes

Several brokerages have commented on CDW. Barclays cut their target price on CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Monday, September 21st. Weiss Ratings upgraded CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Citigroup upped their target price on CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Morgan Stanley lifted their price target on CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.12.

Read Our Latest Report on CDW

Insider Activity at CDW

In other news, insider Elizabeth Connelly sold 26,695 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the transaction, the insider directly owned 34,215 shares in the company, valued at approximately $4,708,668.30. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On CDW

Several institutional investors and hedge funds have recently modified their holdings of the business. Union Savings Bank grew its stake in CDW by 500.0% during the 3rd quarter. Union Savings Bank now owns 192 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Manchester Capital Management LLC grew its holdings in CDW by 10,200.0% in the third quarter. Manchester Capital Management LLC now owns 206 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 204 shares during the last quarter. Hollencrest Capital Management raised its holdings in shares of CDW by 909.1% in the first quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Allied Private Wealth LLC acquired a new position in CDW in the second quarter valued at $28,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in CDW during the second quarter worth about $28,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Trading Up 11.2%

The stock has a market capitalization of $20.82 billion, a PE ratio of 20.05, a PEG ratio of 1.97 and a beta of 0.92. The business’s 50-day moving average is $147.70 and its two-hundred day moving average is $133.29. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97.

About CDW

(Get Free Report)

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.