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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$266.34 USD

266.34
3,086,408

-16.65 (-5.88%)

Updated Jul 24, 2024 04:00 PM ET

After-Market: $269.80 +3.46 (1.30%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value B Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 32% (171 out of 250)

Industry: Computer - Software

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Zacks News

Based in San Jose, CA, Cadence Design Systems Inc. (CDNS) offers products and tools that help customers to design electronic products. Through System Design Enablement (SDE) strategy the company offers software, hardware, services and reusable IC design blocks (IPs) to electronic systems and semiconductor customers. Cadence’s core electronic design automation (EDA) software and services enable engineers to develop different types of ICs. Its design IP’s are directly integrated into the ICs.

Wall Street Analysts See Cadence (CDNS) as a Buy: Should You Invest?

by Zacks Equity Research

According to the average brokerage recommendation (ABR), one should invest in Cadence (CDNS). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?

Cadence (CDNS) Q2 Earnings & Revenues Top Estimates, Up Y/Y

by Zacks Equity Research

Cadence's (CDNS) second-quarter performance benefits from robust customer demand amid increasing design activity.

Mark Vickery headshot

Markets Bounce Back; Cadence, Nucor Beat, NXP In-Line

by Mark Vickery

The Nasdaq came back +280 points, or +1.58% today, while small-caps once again felt their oats.

Cadence Design Systems (CDNS) Tops Q2 Earnings and Revenue Estimates

by Zacks Equity Research

Cadence (CDNS) delivered earnings and revenue surprises of 4.07% and 1.17%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Synopsys' (SNPS) Automotive IP Gets SGS-TUV Saar Certification

by Zacks Equity Research

Synopsys' (SNPS) ARC HS4xFS Processor IP chip gets the ISO/SAE 21434 grade certification by Swiss-German testing, inspection and certifying organization, SGS-TUV Saar.

Vaishali Doshi headshot

Should You Buy Cadence (CDNS) Stock Ahead of Q2 Earnings?

by Vaishali Doshi

Cadence's (CDNS) Q2 performance is likely to have benefited from higher customer demand. Weak global macroeconomic conditions and stiff competition are concerning.

Micron (MU) Unveils Consumer SSD for Handheld & Laptop Gaming

by Zacks Equity Research

Micron's (MU) Crucial P310 2230 Gen4 SSD promises to meet the demands of storage-intensive and performance-hungry applications, particularly in the gaming sector.

Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know

by Zacks Equity Research

Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Here's Why Cadence Design Systems (CDNS) Fell More Than Broader Market

by Zacks Equity Research

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $314.07, denoting a -1.79% change from the preceding trading day.

Subham Roy headshot

Camtek (CAMT) Secures $20 Million Order From OSAT Provider

by Subham Roy

Camtek (CAMT) receives a $20 million order for its meteorological and inspection tools from a tier-1 Outsourced Semiconductor Assembly and Test provider.

Anirudha Bhagat headshot

Micron (MU) Up 53% YTD: Is It Too Late to Buy the Stock Now?

by Anirudha Bhagat

Micron's (MU) essential role in the tech ecosystem, robust portfolio, expanding customer base, strong financial stability and steadfast dedication to innovation make it a highly attractive investment option.

Cadence Design Systems (CDNS) Stock Moves -0.06%: What You Should Know

by Zacks Equity Research

In the most recent trading session, Cadence Design Systems (CDNS) closed at $307.75, indicating a -0.06% shift from the previous trading day.

Cadence (CDNS) Boosts System IP Portfolio With Janus NoC

by Zacks Equity Research

Cadence (CDNS) has unveiled the Janus Network-on-Chip solution that will be available from July 2024.

Why Cadence Design Systems (CDNS) Outpaced the Stock Market Today

by Zacks Equity Research

Cadence Design Systems (CDNS) closed at $311.53 in the latest trading session, marking a +0.77% move from the prior day.

Anirudha Bhagat headshot

Should Micron (MU) be in Your Portfolio Before Q3 Earnings?

by Anirudha Bhagat

Micron's (MU) critical role in the tech ecosystem, robust financial health and unwavering commitment to innovation make it a compelling investment option.

Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know

by Zacks Equity Research

Zacks.com users have recently been watching Cadence (CDNS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Cadence Design Systems (CDNS) Beats Stock Market Upswing: What Investors Need to Know

by Zacks Equity Research

In the most recent trading session, Cadence Design Systems (CDNS) closed at $326.50, indicating a +1.37% shift from the previous trading day.

Is It Worth Investing in Cadence (CDNS) Based on Wall Street's Bullish Views?

by Zacks Equity Research

According to the average brokerage recommendation (ABR), one should invest in Cadence (CDNS). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?

Cadence Design Systems, Inc. (CDNS) Is a Trending Stock: Facts to Know Before Betting on It

by Zacks Equity Research

Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Cadence Design Systems (CDNS) Rises Higher Than Market: Key Facts

by Zacks Equity Research

Cadence Design Systems (CDNS) closed the most recent trading day at $296.18, moving +0.6% from the previous trading session.

Subham Roy headshot

Does Micron Technology's (MU) Strong Portfolio Make It a Buy?

by Subham Roy

Micron Technology's (MU) strong portfolio and expanding customer base make it a buy at present.

Cadence (CDNS) Acquires Switzerland-based BETA CAE for $1.24B

by Zacks Equity Research

Cadence (CDNS) concludes the acquisition of Switzerland-based BETA CAE Systems International AG, which specializes in offering engineering simulation solutions.

Cadence Design Systems (CDNS) Stock Slides as Market Rises: Facts to Know Before You Trade

by Zacks Equity Research

Cadence Design Systems (CDNS) concluded the recent trading session at $286.15, signifying a -0.06% move from its prior day's close.

PTC Inc. (PTC) Up 1.9% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

PTC Inc. (PTC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Descartes (DSGX) Q1 Earnings Miss, Revenues Increase Y/Y

by Zacks Equity Research

Descartes (DSGX) registers 11% top-line expansion year over year in fiscal first-quarter, driven by strategic acquisitions and a solid customer portfolio.