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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.

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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

Better trading starts here.

Zacks News

CoStar Group (CSGP) to Post Q2 Earnings: What's in Store?

CoStar Group's (CSGP) second-quarter 2023 top line is likely to benefit from strong Apartments.com traffic and higher ad spending.

Will Top-Line Growth Benefit Cadence's (CDNS) Q2 Earnings?

Cadence's (CDNS) second-quarter performance is likely to have benefited from healthy demand for the company's diversified product portfolio.

Iridium (IRDM) to Report Q2 Earnings: What's in the Offing?

Iridium's (IRDM) second-quarter performance is likely to have benefited from momentum in Subscriber Equipment and Engineering and Support Service segments.

Cadence (CDNS) Is Considered a Good Investment by Brokers: Is That True?

The average brokerage recommendation (ABR) for Cadence (CDNS) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

Why Earnings Season Could Be Great for Cadence (CDNS)

Cadence (CDNS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

If You Invested $1000 in Cadence Design Systems a Decade Ago, This is How Much It'd Be Worth Now

Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.

Nalak Das headshot

5 Must-Buy S&P 500 Stocks Set to Beat on Q2 Earnings Next Week

We have narrowed our search to five S&P 500 companies that are set to declare second-quarter earnings results next week. These are: CDNS, PHM, F, TYL, PCAR.

Itron (ITRI) Climbs 47% YTD: Will the Uptrend Continue?

Itron (ITRI) is benefiting from higher software license sales. The company's extensive restructuring efforts to cut down on overhead expenses bode well.

Should Vanguard Mid-Cap ETF (VO) Be on Your Investing Radar?

Style Box ETF report for VO

MSCI Scheduled to Report Q2 Earnings: What's in the Cards?

MSCI's Q2 earnings are expected to have gained from the robust adoption of its climate and ESG solutions, despite uncertain regulatory conditions in Europe.

Analyzing Fortive (FTV) Gains 16% YTD: Will the Trend Last?

Fortive's (FTV) performance benefits from strong customer demand and increased orders for software offerings.

Microsoft (MSFT) Reports Next Week: Wall Street Expects Earnings Growth

Microsoft (MSFT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cadence Design Systems, Inc. (CDNS) Soars to 52-Week High, Time to Cash Out?

Cadence (CDNS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Watts Water (WTS) Soars 26.2% YTD: Will the Uptrend Continue?

Watts Water's (WTS) performance is gaining from product launches and synergies from acquisitions.

Cadence Design Systems (CDNS) Outpaces Stock Market Gains: What You Should Know

Cadence Design Systems (CDNS) closed the most recent trading day at $244.44, moving +1.54% from the previous trading session.

Badger Meter (BMI) to Post Q2 Earnings: Key Factors to Note

Badger Meter's (BMI) second-quarter performance is likely to have benefited from increased demand for its digital smart water solutions.

Apple (AAPL) Rumored to Bring Tap to Pay on iPhone to Brazil

Apple (AAPL) is reportedly expanding Tap to Pay on iPhone to Brazil following the U.K. launch.

Cadence Design Systems (CDNS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Cadence (CDNS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Infosys (INFY) to Report Q1 Earnings: What's in the Offing?

Infosys' (INFY) Q1 performance is likely to have been driven by the strong demand for the cloud, data analytics, IoT and security products and solutions amid the ongoing digital transformation wave.

SAP Set to Report Q2 Earnings: Here's What You Should Know

SAP's second-quarter performance is likely to have benefited from continued momentum in cloud business. However, prevailing global macroeconomic challenges may have acted as a dampener.

Adobe Inc. (ADBE) Hits Fresh High: Is There Still Room to Run?

Adobe (ADBE) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Zacks.com featured highlights include Nexstar Media Group, Cadence Design Systems, Atmos Energy and O'Reilly Automotive

Nexstar Media Group, Cadence Design Systems, Atmos Energy and O'Reilly Automotive are part of the Zacks Screen of the Week article.

Sumit Singh headshot

4 Stocks With Remarkable Interest Coverage Ratio

A company capable of generating earnings well above its interest expense can withstand financial hardship. Nexstar (NXST), Cadence Design Systems (CDNS), Atmos (ATO) and O'Reilly (ORLY) are sound enough to meet financial obligations.

Cadence (CDNS) Receives Certification for Intel 16 FinFET

Cadence (CDNS) partners with Intel to help customers meet their power, performance and area targets.