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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

Better trading starts here.

Zacks News

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    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?

    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

    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?

    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

    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?

    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)

    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

    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

    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

    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

    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?

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

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

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

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

    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?