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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

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Zacks News

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

by Zacks Equity Research

In the latest trading session, Cadence Design Systems (CDNS) closed at $233.22, marking a +1.71% move from the previous day.

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?

Kevin Cook headshot

Will ChatGPT Disrupt Wall Street Algos?

by Kevin Cook

AI chatterbot can do a lot, but it can't outwit the rocket scientists.

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

by Zacks Equity Research

Cadence Design Systems (CDNS) closed the most recent trading day at $228.78, moving -1.53% from the previous trading session.

Should iShares Russell Mid-Cap Growth ETF (IWP) Be on Your Investing Radar?

by Zacks Equity Research

Style Box ETF report for IWP

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

by Zacks Equity Research

Cadence Design Systems (CDNS) closed at $230.91 in the latest trading session, marking a -1.64% move from the prior day.

Cadence (CDNS) Expands Strategic Partnership With Arm

by Zacks Equity Research

Cadence (CDNS) collaborates with Arm to help users enhance verification throughput and improve productivity.

Should iShares Russell Mid-Cap ETF (IWR) Be on Your Investing Radar?

by Zacks Equity Research

Style Box ETF report for IWR

Why Is Microsoft (MSFT) Up 6.3% Since Last Earnings Report?

by Zacks Equity Research

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

Cadence (CDNS) Up 0.9% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

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

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

by Zacks Equity Research

Style Box ETF report for VOT

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

by Zacks Equity Research

Style Box ETF report for VO

Should You Invest in the Invesco DWA Technology Momentum ETF (PTF)?

by Zacks Equity Research

Sector ETF report for PTF

Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick

by Zacks Equity Research

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

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?

by Zacks Equity Research

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?

Shaun Pruitt headshot

3 Stocks to Consider with Earnings Approaching

by Shaun Pruitt

As we progress through earnings season several top-rated Zacks stocks are expected to report their first quarter results on Monday, April 24.

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

by Zacks Equity Research

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

by Zacks Equity Research

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.

Meta Platforms (META) Expands Features of Instagram Reels

by Zacks Equity Research

Meta Platforms (META) is expanding the features of Instagram Reels with the addition of a dedicated destination tool.

John Blank headshot

Will Any Banks Show Signs of Stress? Global Week Ahead

by John Blank

In terms of macro data, the first snapshot of business activity in April (the PMIs) could provide a sense of how much pain the turmoil in the banking sector has inflicted on the world economy.