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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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

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.

Cadence (CDNS) Launches Allegro X AI to Reduce PCB Design Time

by Zacks Equity Research

Cadence's (CDNS) Allegro X AI technology automates placement and metal pouring as well as reduces PCB design time.

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

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Here's Why Cadence (CDNS) Stock is a Smart Investment Bet

by Zacks Equity Research

Cadence (CDNS) is benefiting from the growing demand across all business segments.

Cadence Design Systems (CDNS) is a Great Momentum Stock: Should You Buy?

by Zacks Equity Research

Does Cadence Design Systems (CDNS) have what it takes to be a top stock pick for momentum investors? Let's find out.

The Zacks Analyst Blog Highlights Meta Platforms, Cadence Design, Airbnb, Fortinet and Palo Alto

by Zacks Equity Research

Meta Platforms, Cadence Design, Airbnb, Fortinet and Palo Alto are included in this Analyst Blog.

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Q1 2023 Belongs to Nasdaq Composite: Will Its Rally Continue?

by Nalak Das

We have narrowed our search to five technology giants that have rallied more than 25% year to date. These are: META, ABNB, FTNT, PANW and CDNS.

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These 3 Stocks Have Been in High Demand in 2023

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Cadence Design Systems and First Republic Bank have been highlighted as Zacks Bull and Bear of the Day

by Zacks Equity Research

Cadence Design Systems and First Republic Bank have been highlighted as Zacks Bull and Bear of the Day.

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Bull of the Day: Cadence Design Systems (CDNS)

by Kevin Cook

Software design platforms are the "stealth" chip stocks you want to own in the ChatGPT revolution

DecisionPoint Systems Inc. (DPSI) Beats Q4 Earnings and Revenue Estimates

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DecisionPoint Systems Inc. (DPSI) delivered earnings and revenue surprises of 900% and 39.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

The Zacks Analyst Blog Highlights Chevron, Coca-Cola, General Electric, Oracle and Cadence Design Systems

by Zacks Equity Research

Chevron, Coca-Cola, General Electric, Oracle and Cadence Design Systems are included in this Analyst Blog.

Simulations Plus (SLP) Joins SACF to Develop Anticancer Drugs

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Perion's (PERI) performance is being driven by continued strength in Display Advertising and Search Advertising business segments.

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Top Analyst Reports for Chevron, Coca-Cola & General Electric

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Today's Research Daily features new research reports on 16 major stocks, including Chevron Corporation (CVX), The Coca-Cola Company (KO) and General Electric Company (GE).

What Makes Cadence (CDNS) a New Strong Buy Stock

by Zacks Equity Research

Cadence (CDNS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Blackbaud (BLKB) Soars 10.6%: Is Further Upside Left in the Stock?

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Blackbaud (BLKB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Why Is Ansys (ANSS) Up 6.8% Since Last Earnings Report?

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

Is Cadence Design Systems (CDNS) Outperforming Other Computer and Technology Stocks This Year?

by Zacks Equity Research

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

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Looking for Momentum? Buy These 3 Stocks

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Utilizing one of the Zacks Premium screens, I have identified three stocks that have dramatically outperformed the market

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Tap Into Large-Cap Tech Strength With These 3 Stocks

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Synopsys (SNPS) Up 4% Since Last Earnings Report: Can It Continue?

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Synopsys (SNPS) 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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