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Is CDW (CDW) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research

Investors focused on the Computer and Technology space have likely heard of CDW (CDW), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

CDW is a member of our Computer and Technology group, which includes 638 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CDW is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for CDW's full-year earnings has moved 1.31% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, CDW has gained about 45.66% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 19.91% on average. This means that CDW is outperforming the sector as a whole this year.

To break things down more, CDW belongs to the Computers - IT Services industry, a group that includes 27 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have gained 26.41% this year, meaning that CDW is performing better in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to CDW as it looks to continue its solid performance.


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