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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

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Zacks News

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.

CACI Secures $36M Contract From U.S. Transportation Command

by Zacks Equity Research

CACI secures a $36-million contract from the USTRANSCOM, under which it will continue to provide enterprise technology support for advancing the latter's Defense Personal Property System.

Verint (VRNT) Q2 Earnings and Revenues Surpass Estimates

by Zacks Equity Research

Verint Systems (VRNT) fiscal second-quarter results benefit from continued momentum in the cloud business.

3D Systems (DDD) Launches Wax Material for Jewelry Design

by Zacks Equity Research

3D Systems' (DDD) latest VisiJet Wax Jewel Red material will address the needs of jewelry manufacturers to design and produce more complex patterns that include fusion and stone-setting designs.

Zacks Industry Outlook Highlights: Microsoft, Cadence Design Systems, PTC, Autodesk and ANSYS

by Zacks Equity Research

Zacks Industry Outlook Highlights: Microsoft, Cadence Design Systems, PTC, Autodesk and ANSYS

Vaishali Doshi headshot

3 Software Stocks to Snap Up in a Prospering Industry

by Vaishali Doshi

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

Tyler Technologies (TYL) Buys Cloud-Based Software Firm Arx

by Zacks Equity Research

The integration of Arx's software solutions -- Arx Alert and Arx Community -- will further expand Tyler Technologies' (TYL) Public Safety Division's product portfolio.

3D Systems (DDD) to Buy Oqton in Cash-and-Stock Deal Worth $180M

by Zacks Equity Research

With the acquisition of Oqton, 3D Systems (DDD) aims to accelerate the additive manufacturing technologies, and intends to tap the growing opportunities in the smart manufacturing solution space.

Here's Why Zscaler's (ZS) Rally is Likely to Continue Further

by Zacks Equity Research

Zscaler's (ZS) stock is likely to sustain the upward momentum as it is gaining from the rising demand for cyber-security solutions owing to the slew of data breaches.

Tyler (TYL) Completes Jail & Prison Software Maker Buyout

by Zacks Equity Research

The acquisition of VendEngine will further expand Tyler Technologies' (TYL) correctional facilities portfolio.

Hewlett Packard (HPE) Q3 Earnings Beat, Revenues In Line

by Zacks Equity Research

Hewlett Packard's (HPE) fiscal Q3 results reflect a benefit from the accelerated digital transformation amid the COVID-led work-from-home and online learning wave.

MongoDB (MDB) Q2 Loss Narrower Than Expected, Revenues Rise

by Zacks Equity Research

MongoDB's (MDB) second-quarter fiscal 2022 results reflect solid user growth on the back of a robust uptake of Atlas.

OKTA Q2 Earnings Beat, Subscription Revenues Increase Y/Y

by Zacks Equity Research

Okta's (OKTA) second-quarter fiscal 2022 results benefit from customer additions and growing international momentum driven by increasing adoption of Identity solutions.

Anaplan (PLAN) Q2 Loss Narrower Than Expected, Revenues Up Y/Y

by Zacks Equity Research

Anaplan's (PLAN) second-quarter fiscal 2022 results reflect an expanded enterprise client base, driven by higher demand for its digital transformation services.

Ambarella (AMBA) Beats Q2 Earnings and Revenue Estimates

by Zacks Equity Research

Ambarella's (AMBA) second-quarter fiscal 2022 results reflect strong performance of the automotive and security camera businesses.