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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$274.23 USD

274.23
1,497,858

+2.43 (0.89%)

Updated Sep 26, 2024 03:59 PM ET

After-Market: $274.00 -0.23 (-0.08%) 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 Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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4-Sell of 5       4  

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 C 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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Top 31% (78 out of 252)

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.

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Should You Invest in Cadence (CDNS) Based on Bullish Wall Street Views?

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?

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

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Here is how Cadence Design Systems (CDNS) and Spark Networks, Inc. (LOV) have performed compared to their sector so far this year.

Cadence (CDNS) Q1 Earnings & Revenues Top Estimates, Up Y/Y

by Zacks Equity Research

Cadence's (CDNS) first-quarter performance gains on the back of higher demand for its products across all segments.

Cadence Design Systems (CDNS) Beats Q1 Earnings and Revenue Estimates

by Zacks Equity Research

Cadence (CDNS) delivered earnings and revenue surprises of 3.20% and 1.59%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?

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3 Stocks to Consider with Earnings Approaching

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

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Cadence Design Systems (CDNS) closed at $213.73 in the latest trading session, marking a +0.03% move from the prior day.

Key Factors to Note Ahead of Cadence's (CDNS) Q1 Earnings

by Zacks Equity Research

Cadence's (CDNS) Q1 performance is likely to have gained from its diversified product portfolio amid increasing design activity. However, global macro weakness may have acted as a headwind.

The Zacks Analyst Blog Highlights Meta Platforms, salesforce.com, Arista Networks, Airbnb and Cadence Design Systems

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Meta Platforms, salesforce.com, Arista Networks, Airbnb and Cadence Design Systems are part of the Zacks top Analyst Blog.

Cadence (CDNS) Expands Partnership With TSMC & Microsoft

by Zacks Equity Research

Cadence (CDNS) partners with TSMC and Microsoft to help customers minimize design schedules and compute costs.

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5 Must-Buy Technology Giants Defying Recession Threats in 2023

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We have narrowed our search to five technology behemoths that have rallied more than 30% year to date with solid upside left. These are: META, CRM, ANET, CDNS and ABNB.

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

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Cadence Design Systems (CDNS) closed the most recent trading day at $214.57, moving -1.12% from the previous trading session.

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Cadence (CDNS) Launches EMX Designer to Reduce Design Time

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Cadence (CDNS) unveils EMX Designer to help customers improve their productivity and reduce design cycle times.

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Cadence Design Systems (CDNS) Stock Moves 0.13%: What You Should Know

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In the latest trading session, Cadence Design Systems (CDNS) closed at $213.89, marking a +0.13% move from the previous day.

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

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