CDW

CDW Corporation

TechnologyInformation Technology ServicesNASDAQ

$125.45

+$21.80 (17.37%)today

Conviction

6/ 10

Fair Value$167.40

Upside+33.44%

Signal20.06

Market Cap$16.2B

52W Range$112.98–$192.30

Next EarningsMay 6

Conviction History

Conviction Changes

Mar 18, 2026, 7:04 PM5→6conviction-rescore

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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid

Fair Value$309.95

Current Price$118.17

Upside / Down+162.3%

P(Undervalued)100.0%

P(20%+ Up)100.0%

P(15%+ Down)0.0%

Fair Value Distribution — percentile bands

100.0% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

-8.0%/yr

±2.5% · revenue growth to justify current price

FCF-Based Reverse DCF

8.0%/yr

±2.8% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Bull Case

CDW IT solutions distributor; SMB and enterprise hardware refresh cycle; value-add services.

Bear Case

PC/server refresh cycle uncertainty; vendor concentration; margin compression.

Updated Apr 7

Research Feed

sec_10kMar 4

Conviction: unchanged

CDW FY2025 10-K: Growth deceleration amid margin compression and execution risks

CDW: 6.8% growth offset by margin compression and operational deleveraging. OI flat despite topline expansion. Hardware mix pressure and elevated transformation costs driving margin headwinds. Small b...