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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$283.08 USD

-3.23 (-1.13%)

Updated Jun 3, 2024 11:02 AM 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
1	Strong Buy	24.08%
2	Buy	17.91%
3	Hold	9.44%
4	Sell	5.10%
5	Strong Sell	2.55%
S&P	500	11.04%

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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.

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F Value C Growth C Momentum D VGM

Industry Rank:

Top 23% (58 out of 250)

Industry: Computer - Software

View All Zacks #1 Ranked Stocks

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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.

Are Computer and Technology Stocks Lagging Cadence Design Systems (CDNS) This Year?

by Zacks Equity Research Published on September 26,2023

Here is how Cadence Design Systems (CDNS) and Meta Platforms (META) have performed compared to their sector so far this year.

Wall Street Bulls Look Optimistic About Cadence (CDNS): Should You Buy?

by Zacks Equity Research Published on September 25,2023

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?

CDNSNegative Net Change

Cadence Design Systems (CDNS) Gains As Market Dips: What You Should Know

by Zacks Equity Research Published on September 22,2023

In the latest trading session, Cadence Design Systems (CDNS) closed at $230.66, marking a +0.91% move from the previous day.

CDNSNegative Net Change

Cadence (CDNS) Expands Portfolio Through Intrinsix Acquisition

by Zacks Equity Research Published on September 21,2023

Cadence (CDNS) is set to acquire Intrinsix to further enhance its system and IC design services.

tech-stocks

Cadence Design Systems (CDNS) Dips More Than Broader Markets: What You Should Know

by Zacks Equity Research Published on September 20,2023

In the latest trading session, Cadence Design Systems (CDNS) closed at $234.20, marking a -1% move from the previous day.

CDNSNegative Net Change

Cadence (CDNS) Unveils NPU to Enhance Edge AI Performance

by Zacks Equity Research Published on September 15,2023

Cadence (CDNS) introduces NPU and SDK to accelerate AI development and reduce energy costs.

tech-stocks

Cadence Design Systems (CDNS) Gains But Lags Market: What You Should Know

by Zacks Equity Research Published on September 14,2023

Cadence Design Systems (CDNS) closed at $242.82 in the latest trading session, marking a +0.7% move from the prior day.

CDNSNegative Net Change

Cadence (CDNS) Introduces New AI-Powered OrCAD X Platform

by Zacks Equity Research Published on September 13,2023

Cadence notes that OrCAD X platform is capable of reducing design turnaround time by 5X owing to its cloud scalability and AI-powered placement automation technology.

tech-stocks

Cadence Design Systems (CDNS) Stock Sinks As Market Gains: What You Should Know

by Zacks Equity Research Published on September 08,2023

Cadence Design Systems (CDNS) closed at $237.99 in the latest trading session, marking a -1.44% move from the prior day.

CDNSNegative Net Change

Zacks Market Edge Highlights: NVIDIA, Cadence Design Systems, Vertiv Holdings, Sterling Infrastructure and Modine Manufacturing

by Zacks Equity Research Published on September 08,2023

NVIDIA, Cadence Design Systems, Vertiv Holdings, Sterling Infrastructure and Modine Manufacturing are part of the Zacks Market Edge blog.

How to Invest in NVIDIA's AI Revolution

by Tracey Ryniec Published on September 07,2023

It's not just NVIDIA seeing a surge in AI-related business. What other stocks are also AI winners?

artificial-intelligence

How to Invest in NVIDIA's AI Revolution

by Tracey Ryniec Published on September 07,2023

It's not just NVIDIA seeing a surge in AI-related business. What other stocks are also AI winners?

Wall Street Analysts Think Cadence (CDNS) Is a Good Investment: Is It?

by Zacks Equity Research Published on September 07,2023

Based on the average brokerage recommendation (ABR), Cadence (CDNS) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

CDNSNegative Net Change

Cadence (CDNS) Gains From Healthy Consumer Demand Trends

by Zacks Equity Research Published on September 06,2023

Cadence's (CDNS) performance is being driven by solid customer demand for its diversified product portfolio. Frequent product launches and strategic collaborations are tailwinds.