Cadence Design Systems (CDNS)
(Delayed Data from NSDQ)
$266.34 USD
-16.65 (-5.88%)
Updated Jul 24, 2024 04:00 PM ET
After-Market: $269.80 +3.46 (1.30%) 7:58 PM ET
3-Hold of 5 3
F Value B Growth A Momentum C VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
CDNS 266.34 -16.65(-5.88%)
Will CDNS be a Portfolio Killer in July?
Zacks Investment Research is releasing its prediction for CDNS based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for CDNS
Wall Street Analysts See Cadence (CDNS) as a Buy: Should You Invest?
Cadence (CDNS) Q2 Earnings & Revenues Top Estimates, Up Y/Y
CDNS: What are Zacks experts saying now?
Zacks Private Portfolio Services
Markets Bounce Back; Cadence, Nucor Beat, NXP In-Line
Cadence Design Systems (CDNS) Tops Q2 Earnings and Revenue Estimates
Synopsys' (SNPS) Automotive IP Gets SGS-TUV Saar Certification
Other News for CDNS
Decoding Cadence Design Systems Inc (CDNS): A Strategic SWOT Insight
$1000 Invested In Cadence Design Sys 15 Years Ago Would Be Worth This Much Today
Cadence Design Systems: Negatives Priced In For 3 Straight Quarters -- Time To Buy
What 7 Analyst Ratings Have To Say About Cadence Design Sys
Stifel Nicolaus Sticks to Their Buy Rating for Cadence Design (CDNS)