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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%) 5:24 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.

Cadence (CDNS) Clarity 3D Solver Adopted by Butterfly Network

by Zacks Equity Research

Cadence Design Systems' (CDNS) Clarity 3D Solver offering is being utilized by Butterfly Network to improve the design of its ultrasound system.

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

by Zacks Equity Research

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

The Zacks Analyst Blog Highlights: Alphabet, Cadence Design Systems, Veeva Systems, Mettler-Toledo and ANSYS

by Zacks Equity Research

The Zacks Analyst Blog Highlights: Alphabet, Cadence Design Systems, Veeva Systems, Mettler-Toledo and ANSYS

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

by Zacks Equity Research

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

Nalak Das headshot

Black Friday on Global Bourses: 5 Picks to Protect Portfolio

by Nalak Das

We have selected five large-cap (market capital > $30 billion) technology stocks to invest. These are: GOOGL, VEEV, ANSS, MTD and CDNS.

Why Is Cadence (CDNS) Up 5% Since Last Earnings Report?

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.

Looking for a Growth Stock? Why It is Time to Focus on Cadence (CDNS)

by Zacks Equity Research

If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Cadence (CDNS).

Kevin Cook headshot

Ford F-100 Eluminator Lights It Up: EV-Crate Motors Produce 480-HP

by Kevin Cook

Gearheads and other custom propulsion enthusiasts are about to build some amazing EVs.

Panel Of Zacks Experts headshot

Top Stock Picks for Week of November 1, 2021

by Panel Of Zacks Experts

A Company for Investors Focused on the Computer and Tech Space and a Leading Provider of Modern Business Software.

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

by Zacks Equity Research

Cadence (CDNS) could produce exceptional returns because of its solid growth attributes.

Here's Why Cadence Design Systems (CDNS) is a Great Momentum Stock to 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.

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

by Zacks Equity Research

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

Cadence (CDNS) Beats on Q3 Earnings & Revenues, Raises View

by Zacks Equity Research

Cadence's (CDNS) Q3 results benefit from broad based strength across all business segments.

Cadence Design Systems (CDNS) Q3 Earnings and Revenues Surpass Estimates

by Zacks Equity Research

Cadence (CDNS) delivered earnings and revenue surprises of 6.67% and 1.53%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Should You Invest in the First Trust NASDAQ100Technology Sector ETF (QTEC)?

by Zacks Equity Research

Sector ETF report for QTEC

Here's What to Expect Ahead of Cadence (CDNS) Q3 Earnings

by Zacks Equity Research

Cadence's (CDNS) Q3 performance is likely to have benefited from its diversified product portfolio. Disruptions in supply chain owing to COVID-19 crisis might have been a headwind.

Cadence Design Systems (CDNS) Earnings Expected to Grow: What to Know Ahead of Q3 Release

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.

Salesforce (CRM) Rallies 7.2% on Upbeat FY22 Revenue Outlook

by Zacks Equity Research

Salesforce's (CRM) upbeat fiscal 2022 revenue guidance reflects robust demand for its products as customers are undergoing a major digital transformation amid the pandemic-induced shift to a hybrid work environment.

BlackBerry (BB) Q2 Loss Meets Estimates, Shares Up on Solid Demand

by Zacks Equity Research

BlackBerry's (BB) second-quarter fiscal 2022 results reflect significant progress of the cybersecurity and IoT businesses, driven by a robust pipeline of design wins.

FireEye (FEYE) Plans to Change Corporate Name to Mandiant

by Zacks Equity Research

Pursuant to its pending Product business and brand name sale agreement with consortium led by Symphony Technology Group, FireEye (FEYE) intends to change its corporate name to Mandiant Inc.

F5 Networks (FFIV) Buys Cloud Security Firm Threat Stack for $68M

by Zacks Equity Research

The acquisition of Threat Stack is likely to further boost F5 Networks' (FFIV) competitive position in enterprise application security and delivery.

Citrix (CTXS) Digital Workspace Solutions Adopted by Synopsys

by Zacks Equity Research

Citrix (CTXS) is benefiting from the healthy uptake of security access solutions like Citrix Secure Workspace Access and Citrix Analytics for Security, driven by evolving work trends.

SAP's Rise With SAP Solution Leveraged by Capstone Mining

by Zacks Equity Research

SAP SE's (SAP) Rise with SAP solution was deployed by Capstone Mining to overhaul its IT infrastructure.

Citrix (CTXS) is Reportedly Looking for Potential Buyers

by Zacks Equity Research

Per a Bloomberg report, Citrix Systems (CTXS) is holding discussions with its advisers to explore a potential sale amid a dismal performance on the trading front.

Logitech (LOGI) Unveils New Wireless Headset for Gamers

by Zacks Equity Research

The G435 LIGHTSPEED Wireless Gaming Headset launch reflects Logitech's (LOGI) sustained focus on expanding and diversifying its innovative headset portfolio.