CDW Stock Summary and Trading Ideas (CDW | NASDAQ:CDW)

CDW Corp is a multi-brand provider of information technology ("IT") solutions to small, medium, and large business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's broad array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. The company has three operating segments namely, Corporate, Small Business, and Public. The Corporate segment generates the majority of its revenue and primarily serves US private sector business customers with more than 250 employees.

CDW trades on the NASDAQ stock market under the symbol CDW.

As of April 24, 2024, CDW stock price climbed to $240.69 with 421,997 million shares trading.

CDW has a beta of 1.02, meaning it tends to be more sensitive to market movements. CDW has a correlation of 0.26 to the broad based SPY ETF.

CDW has a market cap of $32.30 billion. This is considered a Large Cap stock.

Last quarter CDW reported $5 billion in Revenue and $2.57 earnings per share. This fell short of revenue expectation by $-301 million and exceeded earnings estimates by $.01.

In the last 3 years, CDW stock traded as high as $263.37 and as low as $147.91.

The top ETF exchange traded funds that CDW belongs to (by Net Assets): VTI, VOO, VO, QQQ, SPY.

CDW has outperformed the market in the last year with a return of +49.0%, while the SPY ETF gained +24.2%. In the last 3 month period, CDW beat the market returning +7.3%, while SPY returned +4.6%. However, in the most recent 2 weeks CDW has underperformed the stock market by returning -5.3%, while SPY returned -2.7%.

CDW support price is $237.06 and resistance is $243.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CDW stock will trade within this expected range on the day.