CDW: IT Giant Under Pressure – A Differentiated Analysis Compared to the Nasdaq

CDW Corporation from Vernon Hills, Illinois, a leading provider of IT solutions in the USA, the UK, and Canada, is a true heavyweight in the information technology industry. With a market capitalization of $21.5 billion, CDW is among the so-called 'Large-Cap Stocks,' companies with significant market importance. Despite its impressive market position, the CDW stock experienced a dramatic decline of 28.8% compared to its 52-week high of $230.86 on September 20, 2024. In the last three months, the stock also showed weakness, falling by almost 6%, while the Nasdaq Composite recorded a remarkable increase of 12.6%. This weak performance continues in the long term as well: In 2025, the stock fell by 5.6%, while it declined by 24.9% over the entire past year. It significantly lags behind the 14.7% YTD gains and the 26% rise of the Nasdaq Composite. Over the past year, the CDW stock mostly remained below the 200-day line, and since the end of August, also below the 50-day line, indicating a continued downward trend. However, after the release of better-than-expected second-quarter results on August 6, there was a slight upward push. Net sales rose by 10.2% to about $6 billion, surpassing expectations by 8.6%. EPS grew by 3.9% to $2.60, also exceeding consensus estimates. It is noteworthy that CDW significantly outperformed its competitors, such as Gartner, with a drop of 49% YTD and a decrease of 51.1% year-over-year. Of the 12 analysts observing the CDW stock, it received a consensus recommendation of 'Moderate Buy,' with an average price target of $206.80, indicating an upside potential of 25.9%.