Is CDW Stock Underperforming the Nasdaq?

Company Overview - CDW Corporation, based in Vernon Hills, Illinois, provides IT solutions across the United States, the United Kingdom, and Canada, with a market cap of $21.5 billion [1][2] Stock Performance - CDW stock has experienced a significant decline of 28.8% from its 52-week high of $230.86 reached on September 20, 2024, and has dropped nearly 6% over the past three months, underperforming the Nasdaq Composite's 12.6% increase during the same period [3] - Over the longer term, CDW stock has decreased by 5.6% in 2025 and 24.9% over the past 52 weeks, while the Nasdaq Composite has gained 14.7% year-to-date and 26% over the past year [4] Financial Performance - In Q2, CDW reported net sales of approximately $6 billion, reflecting a year-over-year increase of 10.2%, which exceeded analysts' expectations by 8.6%. However, there was a slight contraction in gross margins, resulting in a modest 3.9% growth in non-GAAP EPS to $2.60, also surpassing consensus estimates [5] Competitive Position - CDW has outperformed its peer, Gartner, Inc., which has seen a 49% decline year-to-date and a 51.1% drop over the past 52 weeks [6] - Among 12 analysts covering CDW stock, the consensus rating is a "Moderate Buy," with a mean price target of $206.80, indicating a potential upside of 25.9% from current price levels [6]