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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$273.38 USD

273.38
502,748

-0.85 (-0.31%)

Updated Sep 27, 2024 01:18 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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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.

Earnings Preview: Cadence Design Systems (CDNS) Q4 Earnings Expected to Decline

by Zacks Equity Research

Cadence (CDNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

WIX Partners With Yellow Pages to Help Digitization of SMBs

by Zacks Equity Research

The partnership between WIX and Yellow Pages can foster an attractive website for SMBs, helping them gain an online presence.

SAP & IBM Join Forces to Rev Up Workload Transition to Cloud

by Zacks Equity Research

The latest agreement strengthens the existing partnership between SAP and IBM by giving clients access to tools, enabling them to expedite the transition of their SAP workloads to the cloud.

VeriSign (VRSN) Q4 Earnings Beat Estimates, Revenues Up Y/Y

by Zacks Equity Research

VeriSign's (VRSN) fourth-quarter 2021 results benefit from an increase in .com and .net domain name registrations.

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Top Research Reports for UnitedHealth, Costco & Applied Materials

by Sheraz Mian

Today's Research Daily features new research reports on 16 major stocks, including UnitedHealth Group Incorporated (UNH), Costco Wholesale Corporation (COST), and Applied Materials, Inc. (AMAT).

Sonos (SONO) Beats on Earnings In Q1, Raises '22 Outlook

by Zacks Equity Research

Sonos' (SONO) first-quarter fiscal 2022 results are driven by a robust demand environment amid global supply chain disruptions.

FUJIFILM's (FUJIY) Q3 Earnings and Revenues Increase Y/Y

by Zacks Equity Research

FUJIFILM's (FUJIY) Q3 performance benefits from strength across the Healthcare, Materials and Imaging Solutions segments.

Onto Innovation (ONTO) Q4 Earnings & Revenues Beat Estimates

by Zacks Equity Research

Onto Innovation's (ONTO) Q4 results benefit from higher demand from several end markets, particularly advanced nodes and specialty devices and advanced packaging.

Fortive (FTV) Q4 Earnings Beat Estimates, Revenues Miss

by Zacks Equity Research

Fortive (FTV) fourth-quarter 2021 results are driven by solid customer demand trends and an increase in bookings for SaaS offerings.

GoPro (GPRO) Q4 Earnings & Revenues Beat Estimates, Up Y/Y

by Zacks Equity Research

GoPro's (GPRO) fourth-quarter 2021 top line benefits from higher subscription revenues and robust sales of premium products.

Sensata (ST) Q4 Earnings & Revenues Top Estimates, Up Y/Y

by Zacks Equity Research

Sensata's (ST) fourth-quarter 2021 results reflect consistent benefits from the acquisitions amid extensive supply chain troubles.

Manhattan Associates (MANH) Q4 Earnings and Revenues Beat Estimates

by Zacks Equity Research

Manhattan Associates (MANH) delivered earnings and revenue surprises of 26.32% and 5.64%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Cirrus Logic's (CRUS) Q3 Earnings & Revenues Beat Estimates

by Zacks Equity Research

Cirrus Logic's (CRUS) Q3 performance benefits from solid demand for its portfolio of solutions.

Citrix (CTXS) Q4 Earnings Increase, Set to be Taken Over

by Zacks Equity Research

Citrix (CTXS) is set to be acquired by affiliates of Vista Equity Partners and Elliot Investment Management in a $16.5-billion all-cash deal.

Western Digital (WDC) Q2 Earnings Top Estimates, Shares Fall

by Zacks Equity Research

Western Digital's (WDC) Q2 results reflect continued demand from cloud customers. However, pandemic-induced supply chain disruptions and other COVID-related challenges are a headwind.

Here's Why Cadence (CDNS) is Poised for a Turnaround After Losing 26.2% in 4 Weeks

by Zacks Equity Research

Cadence (CDNS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Aspen's (AZPN) Q2 Earnings & Revenues Miss Estimates, Fall Y/Y

by Zacks Equity Research

Aspen's (AZPN) Q2 performance is negatively impacted by lower License revenues.

SAP SE (SAP) Posts Y/Y Earnings and Revenue Growth in Q4

by Zacks Equity Research

SAP SE (SAP) fourth-quarter 2021 results reflect strength in its cloud business.

Seagate (STX) Q2 Earnings & Revenues Beat Estimates, Shares Up

by Zacks Equity Research

Seagate's (STX) Q2 performance gains from higher uptake of its mass capacity storage solutions, owing to healthy cloud data center demand.

Commvault Systems (CVLT) Q3 Earnings and Revenues Top Estimates

by Zacks Equity Research

Commvault (CVLT) delivered earnings and revenue surprises of 1.52% and 3.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Zacks Industry Outlook Highlights: Microsoft, Salesforce, Intuit and Cadence Design Systems

by Zacks Equity Research

Microsoft, Salesforce, Intuit and Cadence Design Systems are included in this Industry Outlook blog.

Vaishali Doshi headshot

4 Software Stocks to Watch for in a Booming Industry

by Vaishali Doshi

Computer Software industry participants like Microsoft (MSFT), Salesforce (CRM), Intuit (INTU) and Cadence Design Systems (CDNS) are benefiting from a steady digital transformation environment and strong adoption of cloud computing, despite coronavirus-led disruptions.

Cadence's (CDNS) Palladium Z2 Solution Utilized by Microchip

by Zacks Equity Research

Cadence's (CDNS) Palladium Z2 Enterprise Emulation Platform is being utilized by Microchip for advancing work on latest ASIC products.

Cadence (CDNS) Spurs Depth Perception With Tensilica Vision Q7 DSP

by Zacks Equity Research

Cadence (CDNS) integrates its Tensilica Vision Q7 DSP solution with Light's Clarity Depth Perception Platform to enhance advanced driver-assistance systems with greater performance.

Cadence (CDNS) Solution Boosts Efficiency of Rodelta Pumps

by Zacks Equity Research

Cadence (CDNS) maximizes the efficiency of Rodelta Pumps International on the back of its Omnis CFD solution.