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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$274.13 USD

274.13
1,172,703

-0.10 (-0.04%)

Updated Sep 27, 2024 04:00 PM ET

After-Market: $274.12 -0.01 (0.00%) 7:26 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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D 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 26% (66 out of 251)

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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Wall Street Melts on Panic Selling: Buy 5 Bigwigs On the Dip

We have narrowed our search to five U.S. corporate bigwigs currently trading at a deep discount to their 52-week highs. These are: NUE, GFS, LUV, CDNS and CPRT.

Is Nuveen ESG MidCap Growth ETF (NUMG) a Strong ETF Right Now?

Smart Beta ETF report for NUMG

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Bitcoin Prices Are Plunging: Global Week Ahead

Stock traders enter the week with the Nasdaq index down -24.5% YTD, the S&P 500 down -15.6% and Bitcoin (BTC) prices in a freefall.

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Get Your Money Game in Top Shape with Mark Harvey, the MoneyPlan Coach

In the jungle of personal finance advice, the best offense is a great set of tools that clarify and inspire action.

Zacks.com featured highlights include Cadence Design Systems, Buckle, Magnolia Oil & Gas, and Louisiana-Pacific

Cadence Design Systems, Buckle, Magnolia Oil & Gas, and Louisiana-Pacific are part of the Zacks Screen of the Week article.

Cadence Design Systems and Align Technology have been highlighted as Zacks Bull and Bear of the Day

Cadence Design Systems and Align Technology are part of the Zacks Bull and Bear of the Day article.

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Pick These 4 Stocks With Superb Interest Coverage Ratio

A company that is capable of generating earnings well above its interest expense can withstand financial hardship. BBQ Holdings (BBQ), AECOM (ACM), Cadence Design Systems (CDNS) and Chevron (CVX) are strong enough to meet financial obligations.

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Bull of the Day: Cadence Design Systems (CDNS)

Key software player in Intelligent System Design for semiconductors sees price targets move above $200

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Top Stock Picks for Week of May 9, 2022

A Solid Choice for Growth Investors and One Set to Benefit From Soaring Semiconductor Sales.

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Watch for These 4 Top-Ranked Liquid Stocks for Solid Gains

Here are four top-ranked liquid stocks, Cadence Design Systems (CDNS), Magnolia Oil & Gas Corporation (MGY), Buckle (BKE) and Louisiana-Pacific (LPX), which investors can add to their portfolio for solid returns.

News Corp. (NWSA) Q3 Earnings Miss, Revenues Up 7% Y/Y

News Corporation's (NWSA) third-quarter fiscal 2022 results reflect strength in Digital Real Estate Services, Dow Jones and Book Publishing segments.

NY Times (NYT) Q1 Earnings Meet Estimates, Revenues Up Y/Y

The New York Times Company's (NYT) first-quarter 2022 results reflect increase in subscription revenues. Management envisions second-quarter total subscription revenues to increase about 12-14%.

Here is Why Growth Investors Should Buy Cadence (CDNS) Now

Cadence (CDNS) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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Bear of the Day: MicroStrategy (MSTR)

Risk-off has been hitting tech stocks and the cry

Best Momentum Stocks to Buy for April 29th

GPK, VIST, and CDNS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 29, 2022.

Why Cadence Design Systems (CDNS) is a Top Growth Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

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

Cadence (CDNS) Q1 results benefit from strength across all segments driven by higher demand for its products.

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

Cadence (CDNS) delivered earnings and revenue surprises of 15.84% and 4.97%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Should You Invest in the Invesco Dynamic Software ETF (PSJ)?

Sector ETF report for PSJ

What to Expect Ahead of Cadence (CDNS) Q1 Earnings Release

Cadence's (CDNS) Q1 performance is likely to have benefited from its diversified product portfolio and synergies from acquisitions.

Cadence (CDNS) Rolls Out High-Speed Ethernet Controller IP Family

Cadence's (CDNS) High-Speed Ethernet Controller IP family enables single- and multi-channel Ethernet channel solutions for high-performance computing up to 800G.

    Cadence (CDNS) Spectre FX Simulator Boosts SK hynix's DRAM Design

    Harnessing the power of Cadence's (CDNS) Spectre FX Simulator will deliver groundbreaking design methodology and noteworthy productivity increments for SK hynix.

    Cadence (CDNS) CloudBurst to Rev Up M31's Silicon IP Delivery

    Cadence's (CDNS) CloudBurst solution is likely to empower M31 to address peak design requirements while diminishing the delivery timeline, hardware costs and associated risks.

    Progress Software (PRGS) Tops Q1 Earnings and Revenue Estimates

    Progress Software (PRGS) delivered earnings and revenue surprises of 14.12% and 5.37%, respectively, for the quarter ended February 2022. Do the numbers hold clues to what lies ahead for the stock?

    Why Is Cadence (CDNS) Up 11.7% Since Last Earnings Report?

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