CDW CDW Corporation

XNAS 164.27 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

CDW $164.27 —
Key stats
$164.27
52-Week Range
$97.12 – $166.15
YTD
+23.36%
IV Rank (30D)
93.52
Straddle Price
$20.65
P/C Vol Ratio
6.52
Market Cap
$20.6B
Open
$164.61
Day Range
$161.25 – $166.15
Volume
855,509
Prev Close
$164.62
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.12%
Beta vs SPY0.97
Cost of Equity (CAPM)9.98% (VRP-adj)
WACC9.05%
Volatility Risk Premium+20.2pp (IV − HV30)
Effective Tax Rate25.5%
Rev. Growth (YoY, DCF input)+14.6%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.10 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$0.9B
Return on Equity (TTM)44.2%
Book / Price11.4%
Gross Margin (TTM)21.4%
FCF Margin (TTM)3.7%
Debt / Equity1.97
Quality Score1/6 — cyclical/struggling (5y DCF)
Market-Implied Growth+18.4% (reverse-DCF on current price)
SMA 50$144.10 (Market Anchor value)
SMA 20 / Bollinger Mid$143.12
Bollinger Width / SMA2020.5% (drives anchor stability)
Net Debt$4.4B
Market Cap$21B
Peers used for multiples: AAPL, AMZN, CVS, LEA, MGA, MSFT, NVDA, WDAY
60-Day Conviction
61%
20-Day Fair Value
≈ by Nov 23, 2026
$165.83
α +1.1% rank 54%
conviction
64%
40-Day Fair Value
≈ by Dec 22, 2026
$168.14
α +2.5% rank 44%
conviction
74%
60-Day Fair Value
≈ by Jan 20, 2027
$167.02
α +1.8% rank 45%
conviction
61%
MethodImplied PriceWeightDetail
DCF $136.41 21%
DDM (Gordon) $53.09 0%
Peer P/E $239.00 10% median 26.1× · 8 peers
Peer EV/EBITDA $275.31 10% median 18.5× · 8 peers
Peer P/B $119.10 2% median 6.3× · 8 peers
Peer P/S $840.83 6% median 4.2× · 8 peers
Market Anchor (SMA50) $144.10 30% stability 70% (BB-width)
Options Expected (B-L 30d) $166.74 21% 23 strikes · skew -0.12
As of 2026-10-23 · updated
About
Industry (SIC)
RETAIL-CATALOG & MAIL-ORDER HOUSES (5961) · industry map
Exchange
XNAS
Market Cap
$20.6B
Employees
14,800
List Date
2013-06-27
CIK
0001402057
Next Earnings
2026-11-04 (Pre-Market)
EPS Forecast
$2.77 (5 est.)
Headquarters
Vernon Hills, IL
Homepage
https://www.cdw.com

CDW Corp is a multi-brand provider of information technology (IT) solutions to businesses, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's offerings range from hardware and software products to integrated IT solutions and services, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. Its reportable segments are Corporate, Small Business, Public, and Other. The Corporate and Small Business segments serve US private sector business customers, while the Public segment consist…

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan3.54%-7.78%9.20%2.74%17.12%-5.08%3.29%
Feb13.56%-8.94%1.63%7.01%-10.20%-3.30%-0.04%
Mar3.23%5.60%-2.93%3.42%-7.10%-3.01%-0.13%
Apr5.25%-8.22%-12.44%-4.43%-0.94%12.78%-1.33%
May-7.69%3.49%0.80%4.20%11.06%-7.78%0.68%
Jun6.58%-7.97%5.90%0.16%2.19%-0.24%1.10%
Jul4.29%15.62%2.10%-0.49%-3.74%6.19%3.99%
Aug9.22%-5.96%12.72%5.64%-2.43%2.63%3.64%
Sep-9.12%-8.46%-5.36%3.96%-1.84%-14.73%-5.93%
Oct0.51%8.07%-0.29%-13.58%0.24%20.78%*2.62%
Nov0.92%9.31%5.88%-6.61%-6.85%--0.53%
Dec10.81%-6.61%6.94%-3.64%-4.78%--0.54%
Total46.24%-14.88%23.82%-3.61%-9.96%3.68%7.55%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $144.54
SMA 50: $144.54
SMA 200: $132.44
Current: $163.92
EMA 12: $153.52
EMA 26: $148.34
MACD: 5.1730 | Signal: 2.4808
BULLISH
ADX (14): 30.07
TREND
+DI: 35.05
−DI: 9.10

Momentum Oscillators

RSI (14): 69.36
NEUTRAL
Stoch %K: 96.14
Stoch %D: 95.28
Williams %R: -6.71

Volume & Volatility

BB Upper: $167.04
BB Lower: $122.04
NEUTRAL
OBV: 11,508,133
Vol SMA 20: 1,452,232
Vol ROC: -39.53%
ATR: $5.53
True Range: $4.90
HV 20: 39.5%
HV 30: 39.6%
HV 60: 48.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

BULLISH (Confidence Level: 7/10)

Key drivers:

  • Strong technical signals, including a bullish MACD crossover
  • Positive news sentiment, with recent headlines highlighting CDW's growth and innovation in the AI space

Primary risks:

  • High volatility, with IV rank indicating medium levels of volatility
  • Potential for further market rotation, affecting stock performance

Investment thesis: CDW is poised to continue its upward trajectory, driven by strong technical signals and positive news sentiment. However, investors should be cautious due to high volatility and potential market rotation.

Recent news sentiment impact: Positive news headlines have contributed to the stock's recent price appreciation.

Technical Analysis

Trend Direction:

  • Short-term: Bullish (4-week trend)
  • Medium-term: Neutral (3-month trend)
  • Long-term: Bullish (12-month trend)

Support/Resistance Levels:

  • Key levels:
    • Upper Bollinger Band: $152.11
    • Middle Line: $140.22
    • Lower Bollinger Band: $128.33

Momentum Signals:

  • RSI interpretation: Neutral (61.89)
  • MACD signal: Bullish
  • Bollinger Bands position: Squeeze

Volume Analysis:

  • Volume trends:
    • Increasing volume over the past 4 weeks, indicating growing interest in the stock
  • Institutional interest signals: Low to medium institutional interest

News & Sentiment Analysis

Recent Headlines Summary:

  • CDW stock sinks to 52-week low due to market rotation (negative)
  • S&P 500 and Nasdaq 100 smash records as AMD jumps 16% on AI hype (negative)
  • Cellhub introduces managed services at HIMSS, driving CDW's growth in virtual care (positive)
  • CDW sees AI fueling massive demand across every customer segment (positive)

Sentiment Assessment:

  • Aggregate news sentiment: Neutral to Positive

Catalyst Identification:

  • Earnings report upcoming
  • Product launches and partnerships in the AI space may drive future price appreciation

Market Narrative:

  • News headlines generally align with technical signals, indicating a strong upward trend. However, caution is advised due to high volatility.

Risk & Volatility Assessment

Risk Interpretation:

  • Beta: 0.73 (low risk relative to market)

Volatility Regime:

  • Current vs historical volatility levels: Higher than average

Options Market Signals:

  • IV rank: Medium
  • Put/call ratios: Bearish sentiment (4.99)
  • Unusual activity: Low to medium institutional interest

Downside Protection:

  • Support levels:
    • Middle Line: $140.22
    • Lower Bollinger Band: $128.33

Market Context & Positioning

Sector Performance:

  • CDW is outperforming the market (S&P 500) in the technology sector

Institutional Activity:

  • Volume patterns suggesting institutional interest: Low to medium interest

Correlation Analysis:

  • Stock moves relative to market (R-squared interpretation): Low correlation

Relative Valuation:

  • Position within trading range: Near the upper end of a consolidating range

Key Levels & Action Items

Critical Price Levels:

  • Upper Bollinger Band: $152.11
  • Middle Line: $140.22
  • Lower Bollinger Band: $128.33

Breakout/Breakdown Levels:

  • Breakout level: $153.00 (upper Bollinger Band)
  • Breakdown level: $138.00 (lower Bollinger Band)

Time-Sensitive Catalysts:

  • Earnings report upcoming
  • Product launches and partnerships in the AI space may drive future price appreciation

Risk Management:

  • Stop-loss levels:
    • Upper stop-loss: $152.11 (upper Bollinger Band)
    • Lower stop-loss: $140.22 (middle line)

Note: This analysis is based on the provided data and should not be taken as investment advice. It's essential to consider your individual risk tolerance, market conditions, and overall portfolio before making any decisions.

Generated
News
All CDW news →
Earnings History
17 of 23 under expected move
Avg Expected Move
6.38%
Avg Actual Move
5.07%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-02-10 Pre-Market 5.38% 3.81% 0.71x Within
2021-05-05 Pre-Market 5.45% 2.78% 0.51x Within
2021-08-04 Pre-Market 5.77% 1.59% 0.28x Within
2021-11-03 Pre-Market 5.49% 1.94% 0.35x Within
2022-02-09 Pre-Market 5.11% 2.46% 0.48x Within
2022-05-04 Pre-Market 5.86% 5.62% 0.96x Within
2022-08-03 Pre-Market 6.10% 0.90% 0.15x Within
2022-11-02 Pre-Market 6.43% 0.10% 0.02x Within
2023-02-08 Pre-Market 3.95% 1.19% 0.30x Within
2023-04-18 Pre-Market 4.34% 0.73% 0.17x Within
2023-08-02 Pre-Market 4.83% 5.16% 1.07x Exceeded
2023-11-01 Pre-Market 5.09% 0.62% 0.12x Within
2024-02-07 Pre-Market 4.51% 3.08% 0.68x Within
2024-05-01 Pre-Market 5.66% 11.27% 1.99x Exceeded
2024-07-31 Pre-Market 6.99% 6.18% 0.88x Within
2024-10-30 Pre-Market 7.25% 11.30% 1.56x Exceeded
2025-02-05 Pre-Market 8.03% 3.41% 0.42x Within
2025-05-07 Pre-Market 7.50% 7.07% 0.94x Within
2025-08-06 Pre-Market 7.38% 0.16% 0.02x Within
2025-11-04 Pre-Market 7.82% 8.51% 1.09x Exceeded
2026-02-04 Pre-Market 9.04% 9.45% 1.05x Exceeded
2026-05-06 Pre-Market 7.42% 20.32% 2.74x Exceeded
2026-08-05 Pre-Market 11.27% 9.03% 0.80x Within

Earnings calendar: this week’s reports with expected vs actual moves →

CDW Options Activity & IV Rank

CDW IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 55.7%
7-DTE IV: —
Expected Move: $20.65
7-DTE Move: $20.65
Days to Exp: 28 (2026-11-20)

Options Flow

Call Volume: 88
Put Volume: 574
P/C Volume: 6.523
BEARISH
Call OI: 1,671
Put OI: 664
P/C OI: 0.397
Total OI: 2,335

ATM Options Pricing

ATM Call: $9.95
ATM Put: $10.70
Call %: 6.1%
Put %: 6.5%

Chain Summary

Chain Volume: 2,895
Chain OI: 16,522
Last Updated: 10/23/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 95th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
95%
vs own history
GEX tilt
+0.88
OI-weighted, today
Vanna tilt
-0.05
δ-sensitivity to IV
Charm tilt
-0.23
δ-decay vs time

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 27 ATM contracts, 7k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d 93%
+18.0 pts EXTREME
ATM 56.8% / Wing 74.8%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)93.5HighOct 23
Straddle Price (30 DTE)$20.65Oct 23
Beta Analysis

Risk Metrics

Beta: 0.7378
Alpha: 4.77%
Correlation: 0.2012
R-Squared: 4.0%
Stock Volatility: 46.7%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own CDW
7 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Point72 Hedge fund
Steve Cohen
$143.2M
0.22%
#106 of 1945+5151.1%13F
Duquesne Family Office Family office
Stanley Druckenmiller
$104.6M
2.40%
#14 of 86new13F
Citadel Hedge fund
Ken Griffin
$61.9M
0.04%
#585 of 6285-72.0%13F
Millennium Management Hedge fund
Izzy Englander
$12.5M
0.01%
#1431 of 3716+166.4%13F
Rockefeller Capital Management Family office
Rockefeller family
$3.5M
0.01%
#1129 of 4729+3.0%13F
Renaissance Technologies Hedge fund
Jim Simons
$2.8M
0.00%
#1783 of 3138-96.2%13F
Bridgewater Associates Hedge fund
Ray Dalio
$1.8M
0.01%
#730 of 997-52.8%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

CDW Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 130,200,000 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

794 filers154,823,491 shares$21.61B value118.91% of float
# Filer Shares Value % of Total % of Float Period
1 Vanguard Group Inc Custodian 17,439,124 $2.38B 10.99% 13.39% 2025-12-31
2 BlackRock, Inc. Custodian 15,238,070 $2.14B 9.92% 11.70% 2026-06-30
3 Vanguard Capital Management LLC 8,341,169 $1.17B 5.43% 6.41% 2026-06-30
4 Vanguard Portfolio Management LLC 8,197,577 $1.15B 5.33% 6.30% 2026-06-30
5 State Street Corp 5,779,688 $812.86M 3.76% 4.44% 2026-06-30
6 HARRIS ASSOCIATES L P 5,543,451 $779.63M 3.61% 4.26% 2026-06-30
7 Boston Partners 5,256,810 $739.29M 3.42% 4.04% 2026-06-30
8 Geode Capital Management, LLC Custodian 3,890,627 $547.51M 2.53% 2.99% 2026-06-30
9 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 3,777,585 $531.28M 2.46% 2.90% 2026-06-30
10 Invesco Ltd. Custodian 3,758,500 $528.60M 2.45% 2.89% 2026-06-30
11 Morgan Stanley Custodian 3,572,175 $502.39M 2.32% 2.74% 2026-06-30
12 JPMorgan Chase & Co Custodian 3,362,101 $470.09M 2.18% 2.58% 2026-06-30
13 Allspring Global Investments Holdings, LLC 3,121,566 $432.06M 2.00% 2.40% 2026-06-30
14 PZENA INVESTMENT MANAGEMENT LLC 2,638,900 $371.13M 1.72% 2.03% 2026-06-30
15 Jupiter Topco LLC 2,133,623 $300.07M 1.39% 1.64% 2026-06-30
16 Longview Partners (Guernsey) LTD 1,867,736 $262.68M 1.22% 1.43% 2026-06-30
17 Alyeska Investment Group, L.P. 1,854,952 $260.88M 1.21% 1.42% 2026-06-30
18 Janus Henderson Group plc 2,125,605 $257.24M 1.19% 1.63% 2026-03-31
19 Bank of America Corp Custodian 1,813,551 $255.06M 1.18% 1.39% 2026-06-30
20 T. Rowe Price Associates, Inc. 1,763,554 $248.03M 1.15% 1.35% 2026-06-30
21 FMR LLC Custodian 1,551,646 $218.22M 1.01% 1.19% 2026-06-30
22 FIDUCIARY MANAGEMENT INC /WI/ 1,393,758 $196.02M 0.91% 1.07% 2026-06-30
23 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Custodian 1,348,786 $189.69M 0.88% 1.04% 2026-06-30
24 FIL Ltd 1,347,417 $189.50M 0.88% 1.03% 2026-06-30
25 Victory Capital Management Inc. 1,336,728 $188.00M 0.87% 1.03% 2026-06-30
17 filers$145.05M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $37.14M 25.61% 2026-06-30
2 Duquesne Family Office LLC $35.16M 24.24% 2026-06-30
3 Citadel Advisors LLC Custodian $20.58M 14.19% 2026-06-30
4 Jane Street Group, LLC Custodian $16.44M 11.33% 2026-06-30
5 IMC-Chicago, LLC Custodian $11.83M 8.15% 2026-06-30
6 TUDOR INVESTMENT CORP ET AL $6.44M 4.44% 2026-06-30
7 Wolverine Trading, LLC Custodian $4.93M 3.40% 2025-09-30
8 Point72 Asset Management, L.P. $2.77M 1.91% 2026-06-30
9 Cubist Systematic Strategies, LLC $2.15M 1.48% 2025-09-30
10 Simplex Trading, LLC Custodian $1.77M 1.22% 2026-06-30
11 BRANT POINT INVESTMENT MANAGEMENT LLC $1.41M 0.97% 2026-06-30
12 GROUP ONE TRADING LLC Custodian $1.28M 0.88% 2026-06-30
13 Walleye Capital LLC $942.29K 0.65% 2026-06-30
14 Walleye Trading LLC $815.71K 0.56% 2026-06-30
15 Millennium Management LLC Custodian $604.75K 0.42% 2026-06-30
16 Squarepoint Ops LLC $464.11K 0.32% 2026-06-30
17 Two Sigma Investments, LP Custodian $323.47K 0.22% 2026-06-30
15 filers$130.75M notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $65.19M 49.85% 2026-06-30
2 JPMorgan Chase & Co Custodian $20.97M 16.04% 2026-06-30
3 Susquehanna International Group, LLP Custodian $18.30M 13.99% 2026-06-30
4 Citadel Advisors LLC Custodian $9.75M 7.45% 2026-06-30
5 GROUP ONE TRADING LLC Custodian $4.11M 3.14% 2026-06-30
6 Point72 Asset Management, L.P. $2.81M 2.15% 2026-06-30
7 IMC-Chicago, LLC Custodian $2.78M 2.13% 2026-06-30
8 Cubist Systematic Strategies, LLC $1.34M 1.02% 2025-09-30
9 Walleye Capital LLC $1.15M 0.88% 2026-06-30
10 Twin Tree Management, LP $1.04M 0.80% 2026-06-30
11 Simplex Trading, LLC Custodian $1.03M 0.79% 2026-06-30
12 Walleye Trading LLC $942.29K 0.72% 2026-06-30
13 Wolverine Trading, LLC Custodian $811.25K 0.62% 2025-09-30
14 Two Sigma Investments, LP Custodian $450.05K 0.34% 2026-06-30
15 Royal Bank of Canada Custodian $84.00K 0.06% 2026-06-30

CDW Insider Trading (Form 4)

Latest: 2026-10-19
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-10-19 Saranga Balaji Director Award (A) +504 — EDGAR
2026-10-05 Joseph Swedish Director Award (A) +212 — EDGAR
2026-10-05 David W Nelms Director Award (A) +258 — EDGAR
2026-09-28 Katherine Elizabeth Sanderson See Remarks Tax (F) −231 $153.74 -$35.6K EDGAR
2026-09-14 Kelly J Grier Director Award (A) +7 $142.60 $1.0K EDGAR
2026-09-14 Hang Tan See Remarks Award (A) +212 $142.60 $30.3K EDGAR
2026-09-14 Marc Ellis Jones Director Award (A) +19 $142.60 $2.8K EDGAR
2026-09-14 Peter R Locy See Remarks Award (A) +29 $142.60 $4.2K EDGAR
2026-09-14 David W Nelms Director Award (A) +147 $142.60 $21.0K EDGAR
2026-09-14 Anthony R Foxx Director Award (A) +29 $142.60 $4.2K EDGAR
2026-09-14 Joseph Swedish Director Award (A) +29 $142.60 $4.2K EDGAR
2026-09-14 Lynda M Clarizio Director Award (A) +7 $142.60 $1.0K EDGAR
2026-09-14 Mukesh Kumar See Remarks Award (A) +192 $142.60 $27.4K EDGAR
2026-09-14 Elizabeth H. Connelly See Remarks Award (A) +237 $142.60 $33.9K EDGAR
2026-09-14 Frederick J. Kulevich See Remarks Award (A) +184 $142.60 $26.3K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

CDW Insider Holdings

20 insiders · @ $163.92
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Christine A Leahy See Remarks 211,730 $34.71M -$50.83M 61 2026-09-14
2 David W Nelms Director 51,820 $8.49M $2.01M 58 2026-10-05
3 Albert Joseph Miralles Jr See Remarks 47,643 $7.81M $778.3K 36 2026-09-14
4 Frederick J. Kulevich See Remarks 44,824 $7.35M -$7.20M 37 2026-09-14
5 Elizabeth H. Connelly See Remarks 34,453 $5.65M -$3.67M 20 2026-09-14
6 Hang Tan See Remarks 34,179 $5.60M $0 3 2026-09-14
7 Sona Chawla See Remarks 28,152 $4.61M -$11.48M 31 2025-12-12
8 James A Bell Director 26,453 $4.34M $0 48 2026-09-14
9 Katherine Elizabeth Sanderson See Remarks 24,510 $4.02M $0 16 2026-09-28
10 Donna F Zarcone Director 22,957 $3.76M -$2.11M 49 2026-03-12
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

CDW Board & Officers

As of SEC filings through Oct 19, 2026

Directors 11

Officers 8

  • Christine A Leahy · Chair, President and Chief Executive Officer · listed since Feb 2023
  • Frederick J. Kulevich · Senior Vice President, General Counsel and Corporate Secretary · since Oct 16, 2017
  • Albert Joseph Miralles Jr · Senior Vice President and Chief Financial Officer · since Sep 7, 2021
  • Elizabeth H. Connelly · Chief Commercial Officer and Executive Vice President · listed since Mar 2025
  • Katherine Elizabeth Sanderson · Chief Human Resources Officer and Executive Vice President, Coworker Success · listed since Mar 2025
  • Peter R Locy · Senior Vice President, Controller and Chief Accounting Officer · listed since Mar 2025
  • Mukesh Kumar · Chief Services & Solutions Officer and Executive Vice President · since Aug 4, 2025
  • Hang Tan · Chief Strategy & Transformation Officer and EVP · since Apr 27, 2026
Changes in the last 10 years (45)
Oct 15, 2026Saranga Balaji became a director
Apr 27, 2026Hang Tan became Chief Strategy & Transformation Officer and EVP
Mar 24, 2026The company announced the departure of Sanjay Mehrotra from the board in an SEC filing
Oct 28, 2025The company announced the departure of Sona Chawla as Chief Growth and Innovation Officer and Executive Vice President in an SEC filing
Aug 4, 2025Mukesh Kumar became Chief Services & Solutions Officer and Executive Vice President
Mar 13, 2025Peter R Locy listed as Senior Vice President, Controller and Chief Accounting Officer (previously Vice President, Controller and Chief Accounting Officer) in SEC filings
Mar 7, 2025Sona Chawla listed as Chief Growth and Innovation Officer and Executive Vice President (previously Chief Growth and Innovation Officer) in SEC filings
Mar 7, 2025Katherine Elizabeth Sanderson listed as Chief Human Resources Officer and Executive Vice President, Coworker Success (previously Chief Human Resources Officer and Senior Vice President, Coworker Success) in SEC filings
Mar 7, 2025Elizabeth H. Connelly listed as Chief Commercial Officer and Executive Vice President (previously Chief Commercial Officer) in SEC filings
Oct 31, 2024Elizabeth H. Connelly listed as Chief Commercial Officer (previously Chief Human Resources Officer and Senior Vice President - Coworker Services) in SEC filings
Oct 24, 2024The company announced the departure of Christina M Corley as Chief Commercial and Operating Officer in an SEC filing
Sep 16, 2024Katherine Elizabeth Sanderson became Chief Human Resources Officer and Senior Vice President, Coworker Success
Jul 31, 2023Kelly J Grier became a director
Jun 15, 2023Carolyn Wiesenhahn listed as Chief People Officer and Senior Vice President, Coworker Success (previously Chief People Officer and Senior Vice President, Coworker Services) in SEC filings
Mar 24, 2023The company announced the departure of Paul J Finnegan from the board in an SEC filing
Feb 13, 2023Christine A Leahy listed as Chair, President and Chief Executive Officer (previously President and Chief Executive Officer) in SEC filings
Jan 4, 2023Marc Ellis Jones became a director
Sep 6, 2022Carolyn Wiesenhahn became Chief People Officer and Senior Vice President, Coworker Services
May 9, 2022Peter R Locy became Vice President, Controller and Chief Accounting Officer
Apr 17, 2022The company announced the departure of Ilaria Mocciaro as Vice President, Controller and Chief Accounting Officer in an SEC filing
Not reported recently (17)
  • Carolyn Wiesenhahn · Last reported as Chief People Officer and Senior Vice President, Coworker Success in an SEC filing dated Sep 14, 2023
  • Collin B. Kebo · Last reported as Senior Vice President and Chief Financial Officer in an SEC filing dated Aug 18, 2021
  • Barry K Allen · Last reported as a director in an SEC filing dated Mar 11, 2021
  • Benjamin D Chereskin · Last reported as a director in an SEC filing dated Mar 11, 2021
  • Steven W Alesio · Last reported as a director in an SEC filing dated Mar 11, 2021
  • Matthew A. Troka · Last reported as Senior Vice President - Product and Partner Management in an SEC filing dated May 14, 2020
  • Douglas E Eckrote · Last reported as Senior Vice President - Small Business Sales and eCommerce in an SEC filing dated May 12, 2020
  • Jill M. Billhorn · Last reported as Senior Vice President - Corporate Sales in an SEC filing dated May 12, 2020
  • Jonathan J Stevens · Last reported as Senior Vice President- Operations and Chief Information Officer in an SEC filing dated Mar 11, 2020
  • Christina V. Rother · Last reported as Senior Vice President - Integrated Technology Solutions in an SEC filing dated Mar 11, 2020
  • Neil B Fairfield · Last reported as Vice President, Controller and Chief Accounting Officer in an SEC filing dated Mar 11, 2020
  • Mark Chong · Last reported as Senior Vice President - Strategy and Marketing in an SEC filing dated Mar 11, 2020
  • Robert F. Kirby · Last reported as Senior Vice President - Public Sales in an SEC filing dated Mar 11, 2020
  • Thomas E Richards · Last reported as a director in an SEC filing dated Dec 18, 2019
  • Neal J. Campbell · Last reported as Senior Vice President- Strategic Solutions and Services in an SEC filing dated Jun 19, 2018
  • Dennis G Berger · Last reported as Senior Vice President and Chief Coworker Services Officer in an SEC filing dated Feb 15, 2018
  • Ann Elizabeth Ziegler · Last reported as Senior Vice President and Chief Financial Officer in an SEC filing dated Nov 6, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

CDW Proposed Insider Sales (Form 144)

Latest: 2026-08-07
Last 30d: 0 filings  ·  Last 90d: 1 filing · $3.7M notice value · 1 unique filer

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: CONNELLY ELIZABETH H. (1, $3.7M)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-07 CONNELLY ELIZABETH H. Officer 26,695 $3.67M 2026-08-07 Fidelity Brokerage Services LLC — EDGAR
2025-12-08 Chawla Sona Officer 7,400 $1.08M 2025-12-08 Fidelity Brokerage Services LLC — EDGAR
2025-05-13 KULEVICH FREDERICK J. Officer 28,159 $5.32M 2025-05-13 Fidelity Brokerage Services LLC — EDGAR
2025-05-08 LEAHY CHRISTINE A Officer, Director 40,917 $7.42M 2025-05-08 Fidelity Brokerage Services LLC — EDGAR
2024-07-16 Chawla Sona Officer 18,437 $4.43M 2024-07-16 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2024-06-18 Chawla Sona Officer 25,914 $5.96M 2024-06-18 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2024-03-19 WIESENHAHN CAROLYN Former Officer 7,891 $1.95M 2024-03-19 Fidelity Brokerage Services LLC — EDGAR
2023-12-14 CORLEY CHRISTINA M Officer 34,079 $7.53M 2023-12-14 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2023-12-13 CORLEY CHRISTINA M Officer 700 $154.0K 2023-12-13 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2023-11-22 CORLEY CHRISTINA M Officer 48,320 $10.48M 2023-11-22 Fidelity Brokerage Services LLC 10b5-1 EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-26
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-05-26 0001402057-26-000038 EDGAR
2026-05-13 0001402057-26-000031 EDGAR
2026-05-06 0001402057-26-000023 EDGAR
2026-05-01 0001402057-26-000019 EDGAR
2026-03-27 0001402057-26-000016 EDGAR
2026-02-04 0001402057-26-000001 EDGAR
2025-12-23 0001193125-25-329779 EDGAR
2025-11-04 0001402057-25-000191 EDGAR
2025-10-28 0001402057-25-000188 EDGAR
2025-08-06 0001402057-25-000144 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-02-20 0001402057-26-000011 EDGAR
2025-02-21 0001402057-25-000018 EDGAR
2024-02-26 0001402057-24-000015 EDGAR
2023-02-24 0001402057-23-000052 EDGAR
2022-02-28 0001402057-22-000020 EDGAR
2021-02-26 0001402057-21-000022 EDGAR
2020-02-28 0001402057-20-000042 EDGAR
2019-02-27 0001402057-19-000046 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-05-06 0001402057-26-000025 EDGAR
2025-11-04 0001402057-25-000193 EDGAR
2025-08-06 0001402057-25-000145 EDGAR
2025-05-07 0001402057-25-000096 EDGAR
2024-10-30 0001402057-24-000182 EDGAR
2024-07-31 0001402057-24-000138 EDGAR
2024-05-01 0001402057-24-000088 EDGAR
2023-11-01 0001402057-23-000169 EDGAR
2023-08-02 0001402057-23-000132 EDGAR
2023-05-03 0001402057-23-000091 EDGAR
ETF Holders
264 ETFs hold CDW
25 shown · $3.59B total exposure · 0.05% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.02% $508.6M — 2026-09-30
2 VOO Vanguard S&P 500 ETF Vanguard 0.02% $420.8M — 2026-09-30
3 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.20% $360.6M — 2026-09-30
4 IVV iShares Core S&P 500 ETF iShares (BlackRock) 0.03% $262.6M $878.4B 2026-10-21
5 BLCR iShares Large Cap Core Active ETF iShares (BlackRock) 2.66% $261.5M $9.6B 2026-10-21
6 SPY State Street® SPDR® S&P 500® ETF Trust SPDR (State Street) 0.03% $241.1M $820.7B 2026-10-21
7 VBR Vanguard Morningstar Small-Cap Value ETF Vanguard 0.36% $234.7M — 2026-09-30
8 RSP Invesco S&P 500 Equal Weight ETF Invesco 0.22% $218.3M — 2026-10-21
9 VGT Vanguard Information Technology ETF Vanguard 0.10% $173.2M — 2026-09-30
10 XLK State Street® Technology Select Sector SPDR® ETF SPDR (State Street) 0.12% $144.3M $124.2B 2026-10-21
11 VIG Vanguard Dividend Appreciation ETF Vanguard 0.07% $90.6M — 2026-09-30
12 RSPT Invesco S&P 500 Equal Weight Technology ETF Invesco 1.45% $89.2M — 2026-10-21
13 IWR iShares Russell Mid-Cap ETF iShares (BlackRock) 0.15% $84.7M $57.2B 2026-10-21
14 COWZ Pacer US Cash Cows 100 ETF Nport 0.40% $72.5M — 2026-04-30
15 VYM Vanguard High Dividend Yield ETF Vanguard 0.07% $66.6M — 2026-09-30
16 SPYM State Street® SPDR® Portfolio S&P 500® ETF SPDR (State Street) 0.03% $54.7M $184.5B 2026-10-21
17 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.06% $52.8M — 2026-10-21
18 IWD iShares Russell 1000 Value ETF iShares (BlackRock) 0.05% $45.1M $84.8B 2026-10-21
19 IVE iShares S&P 500 Value ETF iShares (BlackRock) 0.07% $32.8M $50.7B 2026-10-21
20 DGRO iShares Core Dividend Growth ETF iShares (BlackRock) 0.07% $32.8M $44.8B 2026-10-21
21 IWS iShares Russell Mid-Cap Value ETF iShares (BlackRock) 0.20% $30.8M $15.7B 2026-10-21
22 DIVB iShares Core Dividend ETF iShares (BlackRock) 1.38% $30.3M $2.3B 2026-10-21
23 FTEC Fidelity MSCI Information Technology Index ETF Fidelity 0.13% $27.3M $21.7B 2026-10-21
24 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.03% $25.8M $96.2B 2026-10-21
25 SPYV State Street® SPDR® Portfolio S&P 500® Value ETF SPDR (State Street) 0.07% $25.1M $38.4B 2026-10-21
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
19.72
TTM Diluted EPS
$8.32
TTM Revenue
$23.50B
TTM Net Income
$1.08B
TTM Op. Cash Flow
$981.80M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$6.57B$274.40M$2.15$-55.10M
Q1 '262026-03-31$5.68B$235.40M$1.82$274.80M
Q4 '252025-12-31$5.51B$279.50M$2.14$433.80M
Q3 '252025-09-30$5.74B$291.00M$2.21$328.30M
Q2 '252025-06-30$5.98B$271.20M$2.05$155.90M
Q1 '252025-03-31$5.20B$224.90M$1.69$287.20M
Q4 '242024-12-31$5.19B$264.20M$1.97$345.30M
Q3 '242024-09-30$5.52B$316.40M$2.34$342.10M
Q2 '242024-06-30$5.42B$281.10M$2.07$149.90M
Q1 '242024-03-31$4.87B$216.10M$1.59$440.00M
Q4 '232023-12-31$5.02B$296.10M$2.18$536.50M
Q3 '232023-09-30$5.63B$315.50M$2.32$468.60M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-05
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
19.72
P/B
8.75
P/S
0.91
EV/EBITDA
13.06
EV/Sales
1.10
ROE
44.2%
ROA
6.3%
Div Yield
1.64%
FCF Yield
4.60%
Debt/Equity
1.97
Current Ratio
—
Market Cap
$21.36B
as of 2026-10-23
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
9.32M
SI % of Float
7.55%
Days to Cover
6.28
Short Vol Ratio
70.4%
Free Float
123.47M
Float %
96.7%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-05-15