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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$281.76 USD

281.76
4,680,352

-2.01 (-0.71%)

Updated Apr 23, 2024 04:00 PM ET

After-Market: $281.76 0.00 (0.00%) 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 Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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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 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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Bottom 38% (156 out of 252)

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) Q1 Earnings Top Estimates, Revenues Down Y/Y

by Zacks Equity Research

Cadence's (CDNS) first-quarter performance is affected by weakness in the Product & Maintenance segment.

SAP's Q1 Earnings and Revenues Rise Y/Y on Cloud Strength

by Zacks Equity Research

SAP's first-quarter performance benefits from continued strength in its cloud business, especially its Cloud ERP suite.

Mark Vickery headshot

Markets Close in the Green; Mag 7 Earnings This Week

by Mark Vickery

With Tesla (TSLA) reporting Tuesday afternoon, Meta (META) on Wednesday and Microsoft (MSFT) and Alphabet (GOOGL) the following afternoon, we're in strong Mag 7 earnings territory.

Cadence Design Systems (CDNS) Q1 Earnings Top Estimates

by Zacks Equity Research

Cadence (CDNS) delivered earnings and revenue surprises of 3.54% and 0.49%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Down -13.17% in 4 Weeks, Here's Why Cadence (CDNS) Looks Ripe for a Turnaround

by Zacks Equity Research

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.

Shaun Pruitt headshot

2 Top Rated Stocks to Watch for EPS Growth as Earnings Approach

by Shaun Pruitt

The steady EPS growth of AZZ (AZZ) and Cadence Design Systems (CDNS) has been hard to overlook making them two of the top stocks to watch as their quarterly results approach on Monday, April 22.

Badger Meter (BMI) Q1 Earnings & Revenues Top Estimates

by Zacks Equity Research

Badger Meter's (BMI) first-quarter performance benefits from robust demand for smart water solutions.

The Zacks Analyst Blog Highlights Vertiv, Meta Platforms, Cadence Design Systems, Itron and Silicon Motion Technology

by Zacks Equity Research

Vertiv, Meta Platforms, Cadence Design Systems, Itron and Silicon Motion Technology are included in this Analyst Blog.

Cadence (CDNS) Unveils New Palladium Z3 Emulation System

by Zacks Equity Research

Cadence (CDNS) launches Palladium Z3 Emulation and Protium X3 FPGA Prototyping systems to advance SoC design.

Aniruddha Ganguly headshot

5 Technology Stocks Poised to Beat Earnings Estimates in Q1

by Aniruddha Ganguly

Here, we have picked five tech stocks, Vertiv (VRT), Meta Platforms (META), Cadence Design Systems (CDNS), Itron (ITRI) and Silicon Motion (SIMO), which are likely to pull off earnings surprises in first-quarter 2024.

Microsoft (MSFT) Reports Next Week: Wall Street Expects Earnings Growth

by Zacks Equity Research

Microsoft (MSFT) 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.

Is Cadence (CDNS) a Buy as Wall Street Analysts Look Optimistic?

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?

Why Earnings Season Could Be Great for Cadence (CDNS)

by Zacks Equity Research

Cadence (CDNS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

NetApp (NTAP) Up 51% in a Year: Will the Rally Continue?

by Zacks Equity Research

NetApp (NTAP) expects momentum in all-flash products, and hyper-scaler first-party and marketplace services to drive the top line amid uncertainty prevailing over macroeconomic conditions.

Factors to Note Ahead of Cadence's (CDNS) Q1 Earnings Release

by Zacks Equity Research

Cadence's (CDNS) Q1 performance is likely to have benefited from higher customer demand. However, weak global macroeconomic conditions remain concerning.

Generac (GNRC) Reportedly Focusing on M&A to Drive Growth

by Zacks Equity Research

Generac (GNRC) is looking at inorganic strategy to boost solutions portfolio and drive expansion, per a report from Bloomberg.

Cadence Design Systems (CDNS) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

by Zacks Equity Research

Cadence (CDNS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Benjamin Rains headshot

3 Giant Tech Stocks to Buy in April and Hold Forever

by Benjamin Rains

Now the market turns its attention to Q1 earnings season. Some of the first big names in tech to report are the three stocks we dig into today.

Cadence Design Systems (CDNS) Exceeds Market Returns: Some Facts to Consider

by Zacks Equity Research

Cadence Design Systems (CDNS) closed the most recent trading day at $310.10, moving +1.81% from the previous trading session.

Ansys (ANSS) Teams Up With BAE Systems to Boost MBSE Adoption

by Zacks Equity Research

Ansys (ANSS) and BAE Systems are set to work together to develop a critical digital and MBSE approach for security and defense applications.

Will Cadence (CDNS) Beat Estimates Again in Its Next Earnings Report?

by Zacks Equity Research

Cadence (CDNS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Cadence Design Systems (CDNS) Suffers a Larger Drop Than the General Market: Key Insights

by Zacks Equity Research

Cadence Design Systems (CDNS) concluded the recent trading session at $306.48, signifying a -1.32% move from its prior day's close.

Cadence Design Systems, Inc. (CDNS) Is a Trending Stock: Facts to Know Before Betting on It

by Zacks Equity Research

Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Cadence Design Systems (CDNS) Suffers a Larger Drop Than the General Market: Key Insights

by Zacks Equity Research

Cadence Design Systems (CDNS) reachead $306.36 at the closing of the latest trading day, reflecting a -1.85% change compared to its last close.

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?