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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$258.52 USD

-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
1	Strong Buy	24.10%
2	Buy	17.80%
3	Hold	9.50%
4	Sell	2.70%
5	Strong Sell	2.70%
S&P	500	11.20%

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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:

Top 24% (60 out of 250)

Industry: Computer - Software

View All Zacks #1 Ranked Stocks

Better trading starts here.

Zacks News

Will Cadence (CDNS) Beat Estimates Again in Its Next Earnings Report?

by Zacks Equity Research Published on July 12,2023

Cadence (CDNS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

CDNSNegative Net Change

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

by Zacks Equity Research Published on July 12,2023

Here is how Adobe Systems (ADBE) and Cadence Design Systems (CDNS) have performed compared to their sector so far this year.

Diodes (DIOD) Expands Portfolio With Low-Voltage Hall Latches

by Zacks Equity Research Published on July 12,2023

Diodes (DIOD) expands its portfolio with the launch of a new line of low-voltage, high-sensitivity Hall-effect latches - AH171xQ series.

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

by Zacks Equity Research Published on July 11,2023

Cadence Design Systems (CDNS) closed at $231.87 in the latest trading session, marking a -1.09% move from the prior day.

CDNSNegative Net Change

Cadence (CDNS) Stock Soars 46% YTD: Will the Uptrend Last?

by Zacks Equity Research Published on July 11,2023

Cadence (CDNS) witnesses the strong demand for its diversified portfolio across all segments.

tech-stocks

Simulations Plus (SLP) Q3 Earnings Miss, Revenues Rise Y/Y

by Zacks Equity Research Published on July 07,2023

Simulations Plus' (SLP) third-quarter fiscal 2023 top line is driven by higher revenues in the Software and Services business segments.

tech-stocks

Growth Investors Shouldn't Ignore These 3 Stocks

by Derek Lewis Published on July 06,2023

Investors have their preferences within the market and for understandable reasons. While some reap a steady income stream, others are rewarded with explosive growth.

Simulations Plus (SLP) Q3 Earnings Miss Estimates

by Zacks Equity Research Published on July 06,2023

Simulations Plus (SLP) delivered earnings and revenue surprises of -4.76% and 0.90%, respectively, for the quarter ended May 2023. Do the numbers hold clues to what lies ahead for the stock?

Axcelis (ACLS) Surges 125% YTD: Will the Uptrend Persist?

by Zacks Equity Research Published on July 06,2023

Axcelis Technologies' (ACLS) performance is gaining from robust customer demand for Purion suite of products.

tech-stocks

The Zacks Analyst Blog Highlights Meta Platforms, NVIDIA, Palo Alto Networks, Cadence Design Systems and Synopsys

by Zacks Equity Research Published on July 05,2023

Meta Platforms, NVIDIA, Palo Alto Networks, Cadence Design Systems and Synopsys are part of the Zacks top Analyst Blog.

Badger Meter (BMI) Stock Gains 35% YTD: Will the Uptrend Last?

by Zacks Equity Research Published on July 04,2023

Badger Meter's (BMI) performance is gaining from robust customer demand and strong order trends across the majority of end-market applications globally.

tech-stocks

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

by Zacks Equity Research Published on July 03,2023

Cadence Design Systems (CDNS) closed at $235.40 in the latest trading session, marking a +0.38% move from the prior day.

CDNSNegative Net Change

1H 2023 Belongs to Nasdaq Composite: Will the Rally Continue?

by Nalak Das Published on July 03,2023

We have narrowed our search to five NASDAQ-listed technology giants. These are: META, NVDA, PANW, CDNS, SNPS.

3 Highly-Ranked Stocks to Buy in July for the Second Half of 2023

by Benjamin Rains Published on June 30,2023

Looking at 3 highly-ranked stocks from three different areas of the economy that investors might want to buy in July for long-term growth beyond the second half of 2023.

Progress' (PRGS) Q2 Earnings Top Estimates, Revenues Up Y/Y

by Zacks Equity Research Published on June 30,2023

Progress' (PRGS) second-quarter fiscal 2023 results benefit from strong subscription license revenues and robust demand for OpenEdge, Loadmaster, Chef, Sitefinity Cloud and MarkLogic offerings.

Cadence Design Systems (CDNS) Dips More Than Broader Markets: What You Should Know

by Zacks Equity Research Published on June 26,2023

In the latest trading session, Cadence Design Systems (CDNS) closed at $223.01, marking a -1.03% move from the previous day.

CDNSNegative Net Change

Cadence (CDNS) Upgraded to Buy: What Does It Mean for the Stock?

by Zacks Equity Research Published on June 26,2023

Cadence (CDNS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.