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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$258.52 USD

258.52
4,062,310

-4.51 (-1.71%)

Updated Oct 18, 2024 04:00 PM ET

After-Market: $258.93 +0.41 (0.16%) 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 Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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2-Buy of 5   2      

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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value D Growth B Momentum F 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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 24% (60 out of 250)

Industry: Computer - Software

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Why Cadence Design Systems (CDNS) is a Top Growth Stock for the Long-Term

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Are Computer and Technology Stocks Lagging Cadence Design Systems (CDNS) This Year?

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Here is how Cadence Design Systems (CDNS) and Weave Communications, Inc. (WEAV) have performed compared to their sector so far this year.

Cadence (CDNS), Samsung Foundry Partner to Enhance 5G SoC Design

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Cadence (CDNS) and Samsung Foundry team up to help users increase productivity and significantly reduce project timelines.

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Why Is Cadence (CDNS) Up 13.9% Since Last Earnings Report?

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

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Adobe, Salesforce and Cadence Design Systems are part of the Zacks Industry Outlook article.

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3 Software Stocks to Watch for in a Prospering Industry

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Computer Software industry participants like Adobe (ADBE), Salesforce (CRM) and Cadence Design Systems (CDNS) benefit from steady digital transformations and strong adoption of cloud computing despite macroeconomic turbulence.

Cadence (CDNS) Stock Gains 67% YTD: Will the Uptrend Last?

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Cadence (CDNS) is benefiting from strong demand for its diversified portfolio across all segments.

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Is Cadence Design Systems (CDNS) Stock Outpacing Its Computer and Technology Peers This Year?

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Cadence (CDNS) & Autodesk Partner for Intelligent System Design

by Zacks Equity Research

Cadence (CDNS) collaborates with Autodesk to streamline the creation of smart products and establish two-way communication between PCB designers and mechanical engineers.

Is Cadence (CDNS) a Buy as Wall Street Analysts Look Optimistic?

by Zacks Equity Research

Based on the average brokerage recommendation (ABR), Cadence (CDNS) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

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