Cadence Design Systems (CDNS)
(Delayed Data from NSDQ)
$282.49 USD
+0.08 (0.03%)
Updated Apr 29, 2024 03:59 PM ET
After-Market: $282.49 0.00 (0.00%) 4:58 PM ET
3-Hold of 5 3
F Value C Growth D Momentum D VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
CDNS 282.49 +0.08(0.03%)
Will CDNS be a Portfolio Killer in April?
Zacks Investment Research is releasing its prediction for CDNS based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for CDNS
Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know
Understanding Cadence (CDNS) Reliance on International Revenue
CDNS: What are Zacks experts saying now?
Zacks Private Portfolio Services
Seagate's (STX) Q3 Earnings Beat Estimates, Revenues Miss
Cadence (CDNS) Q1 Earnings Top Estimates, Revenues Down Y/Y
SAP's Q1 Earnings and Revenues Rise Y/Y on Cloud Strength
Other News for CDNS
The “highest quality” stocks within each sector - GS
Global company events calendar
With rate cuts pushed out, Goldman looks at quality stocks
Here's How Much You Would Have Made Owning Cadence Design Sys Stock In The Last 20 Years
3 Tech Stocks to Sell Now Before the Next Market Downturn Hits