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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$296.75 USD

296.75
2,756,719

+5.54 (1.90%)

Updated Nov 6, 2024 04:00 PM ET

After-Market: $298.50 +1.75 (0.59%) 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%

Zacks Rank Education - Learn about the Zacks Rank

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3-Hold of 5     3    

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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value C Growth C Momentum D 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 31% (78 out of 251)

Industry: Computer - Software

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Zacks News

Brokers Suggest Investing in Cadence (CDNS): Read This Before Placing a Bet

by Zacks Equity Research

According to the average brokerage recommendation (ABR), one should invest in Cadence (CDNS). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?

Cadence Design Systems (CDNS) Stock Slides as Market Rises: Facts to Know Before You Trade

by Zacks Equity Research

The latest trading day saw Cadence Design Systems (CDNS) settling at $311.34, representing a -1.48% change from its previous close.

Panel Of Zacks Experts headshot

Top Stock Picks for Week of March 25, 2024

by Panel Of Zacks Experts

The Company Known for Iconic Yellow Machines and a Leader in Electronic System Design.

Should You Invest in the Invesco Dorsey Wright Technology Momentum ETF (PTF)?

by Zacks Equity Research

Sector ETF report for PTF

ANSYS (ANSS) Up 2.3% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

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

DoorDash (DASH), Wing Team Up to Launch Drone Delivery In US

by Zacks Equity Research

DoorDash (DASH) introduces drone delivery with Wing, offering speedy services in Christiansburg, VA.

The Zacks Analyst Blog Highlights NVIDIA, Meta Platforms, Veeva Systems, Synopsys and Cadence Design

by Zacks Equity Research

NVIDIA, Meta Platforms, Veeva Systems, Synopsys and Cadence Design are included in this Analyst Blog.

Zacks Investment Ideas feature highlights: Microsoft, Alphabet, Nvidia, Cadence Design Systems and ARM Holdings

by Zacks Equity Research

Microsoft, Alphabet, Nvidia, Cadence Design Systems and ARM Holdings have been highlighted in this Investment Ideas article.

Cadence Design Systems (CDNS) Surpasses Market Returns: Some Facts Worth Knowing

by Zacks Equity Research

Cadence Design Systems (CDNS) concluded the recent trading session at $322.80, signifying a +1.87% move from its prior day's close.

Ethan Feller headshot

AI Momentum: 3 Top Ranked Stocks Breaking Out Now

by Ethan Feller

With the broader markets pushing highs, don't miss these leading stocks

Nalak Das headshot

Fed Reaffirms Three Rate Cuts This Year: 5 Technology Picks

by Nalak Das

We have narrowed our search to five technology behemoths that have provided double-digit returns year to date. These are META, NVDA, CDNS, SNPS and VEEV.

Investors Heavily Search Cadence Design Systems, Inc. (CDNS): Here is What You Need to Know

by Zacks Equity Research

Recently, Zacks.com users have been paying close attention to Cadence (CDNS). This makes it worthwhile to examine what the stock has in store.

Cadence's (CDNS) Performance Driven by Strong Demand Trends

by Zacks Equity Research

The demand for Cadence's (CDNS) product portfolio is driven by accelerated design activity owing to transformative trends, such as generative AI, hyperscale computing, 5G and autonomous driving.

Teradyne's (TER) Robotics Footprint Gets Boost With NVIDIA Tie-Up

by Zacks Equity Research

Teradyne's (TER) Robotics division collaborates with NVIDIA to boost AI integration in its automation solutions.

Eutelsat (EUTLF) and Intelsat Enter Multi-Year Partnership

by Zacks Equity Research

Eutelsat (EUTLF) notes that the deal with Intelsat is valued at up to $500 million over seven years and will begin in mid-2024.

Seagate (STX) Up 39% in the Past Year: Will the Rally Last?

by Zacks Equity Research

Seagate (STX) expects incremental improvements in mass capacity demand to more than offset seasonal downtick in demand in both the VIA and legacy markets in the current quarter.

Mark Vickery headshot

Who's Afraid of the Fed's New Dot-Plot?

by Mark Vickery

The Dow has its biggest trading session in almost a month, while the S&P 500 notched a fresh all-time closing high.

StoneCo (STNE) Q4 Earnings Beat Estimates, Revenues Rise

by Zacks Equity Research

StoneCo's (STNE) fourth-quarter 2023 results reflect strong top-line growth driven by expanding clientele.

All You Need to Know About Cadence (CDNS) Rating Upgrade to Strong Buy

by Zacks Equity Research

Cadence (CDNS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Cadence (CDNS), NVIDIA Unite to Develop on Advanced Solutions

by Zacks Equity Research

Cadence (CDNS) and NVIDIA collaborate to launch innovative solutions powered by generative AI.

Cadence Design Systems (CDNS) Laps the Stock Market: Here's Why

by Zacks Equity Research

Cadence Design Systems (CDNS) concluded the recent trading session at $300.93, signifying a +0.83% move from its prior day's close.

Mark Vickery headshot

Jensen Huang Sends A.I. Partners Higher in Late Trading

by Mark Vickery

Huang is describing new partnerships and/or associations with Ansys (ANSS), Synopsis (SNPS) and Cadence Design Systems (CDNS).

CoStar's (CSGP) Homes.com Hits 149M Unique Visitors in February

by Zacks Equity Research

CoStar's (CSGP) Homes.com surpasses 149 million unique visitors in February, becoming the second-most trafficked homebuying portal.

Cadence (CDNS) & Arm Collaborate to Improve SDV Innovation

by Zacks Equity Research

Cadence (CDNS) and Arm unite to create a scalable chiplet architecture and interface interoperability to encourage industry collaboration and support heterogeneous integration.

DoorDash (DASH) Expands SNAP/EBT Payment Offering Nationwide

by Zacks Equity Research

DoorDash (DASH) expands SNAP/EBT payment options, offering affordable access to fresh groceries from over a dozen new partners nationwide.