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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$283.97 USD

283.97
373,838

-2.34 (-0.82%)

Updated Jun 3, 2024 12:00 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 Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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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:

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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Top 23% (58 out of 250)

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.

Benjamin Rains headshot

How to Find Top-Ranked Stocks to Buy Heading into August

by Benjamin Rains

Investors can utilize the Filtered Zacks Rank 5 Stock Screen to help find potentially winning stocks heading into August and beyond that have boosted their earnings guidance as the bulls push stocks higher.

Cadence (CDNS) Q2 Earnings & Revenues Top Estimates, Rise Y/Y

by Zacks Equity Research

Cadence's (CDNS) second-quarter performance gains on the back of higher demand for its products.

Cadence (CDNS) Reports Q2 Earnings: What Key Metrics Have to Say

by Zacks Equity Research

The headline numbers for Cadence (CDNS) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Cadence Design Systems (CDNS) Q2 Earnings and Revenues Beat Estimates

by Zacks Equity Research

Cadence (CDNS) delivered earnings and revenue surprises of 3.39% and 0.35%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

Amphenol (APH) to Report Q2 Earnings: What's in the Cards?

by Zacks Equity Research

Amphenol's (APH) second-quarter 2023 results are likely to benefit from acquisitions despite weakness in the Communications Solutions market, primarily in IT Datacom and mobile networks sectors.

What's in the Cards for TE Connectivity (TEL) in Q3 Earnings?

by Zacks Equity Research

TE Connectivity's (TEL) fiscal third-quarter results are expected to reflect strength in the Industrial and Transportation segment amid weakness in the Communication segment.

3 Reasons Why Growth Investors Shouldn't Overlook Cadence (CDNS)

by Zacks Equity Research

Cadence (CDNS) could produce exceptional returns because of its solid growth attributes.

Are You Looking for a Top Momentum Pick? Why Cadence Design Systems (CDNS) is a Great Choice

by Zacks Equity Research

Does Cadence Design Systems (CDNS) have what it takes to be a top stock pick for momentum investors? Let's find out.

SAP's Q2 Earnings, Revenues Rise Y/Y on Cloud Strength

by Zacks Equity Research

SAP's second-quarter 2023 results reflect continued strength in its cloud business.

Plexus Corp (PLXS) to Post Q3 Earnings: Key Factors to Note

by Zacks Equity Research

Plexus Corp's (PLXS) third-quarter performance is likely to have benefited from new manufacturing contract wins.

ServiceNow (NOW) to Report Q2 Earnings: What's in the Cards?

by Zacks Equity Research

ServiceNow's (NOW) second-quarter 2023 results are likely to reflect gains from an expanding global presence, a solid partner base and strategic buyouts.

Meta Platforms (META) to Report Q2 Earnings: What to Expect

by Zacks Equity Research

Meta Platforms' (META) second-quarter 2023 revenues are expected to reflect benefits from increasing engagement for Instagram, WhatsApp, Messenger and Facebook.

Cadence Design and Ligand have been highlighted as Zacks Bull and Bear of the Day

by Zacks Equity Research

Cadence Design and Ligand have been highlighted as Zacks Bull and Bear of the Day.

Kevin Cook headshot

Bull of the Day: Cadence Design Systems (CDNS)

by Kevin Cook

Key planet in the orbit of NVIDIA for chip design and simulation is headed higher after earnings

The Zacks Analyst Blog Highlights Cadence Design Systems, PulteGroup, Ford Motor, PACCAR and Tyler

by Zacks Equity Research

Cadence Design Systems, PulteGroup, Ford Motor, PACCAR and Tyler are included in this Analyst Blog.

CoStar Group (CSGP) to Post Q2 Earnings: What's in Store?

by Zacks Equity Research

CoStar Group's (CSGP) second-quarter 2023 top line is likely to benefit from strong Apartments.com traffic and higher ad spending.

Will Top-Line Growth Benefit Cadence's (CDNS) Q2 Earnings?

by Zacks Equity Research

Cadence's (CDNS) second-quarter performance is likely to have benefited from healthy demand for the company's diversified product portfolio.

Iridium (IRDM) to Report Q2 Earnings: What's in the Offing?

by Zacks Equity Research

Iridium's (IRDM) second-quarter performance is likely to have benefited from momentum in Subscriber Equipment and Engineering and Support Service segments.

Cadence (CDNS) Is Considered a Good Investment by Brokers: Is That True?

by Zacks Equity Research

The average brokerage recommendation (ABR) for Cadence (CDNS) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying 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.

If You Invested $1000 in Cadence Design Systems a Decade Ago, This is How Much It'd Be Worth Now

by Zacks Equity Research

Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.

Nalak Das headshot

5 Must-Buy S&P 500 Stocks Set to Beat on Q2 Earnings Next Week

by Nalak Das

We have narrowed our search to five S&P 500 companies that are set to declare second-quarter earnings results next week. These are: CDNS, PHM, F, TYL, PCAR.

Itron (ITRI) Climbs 47% YTD: Will the Uptrend Continue?

by Zacks Equity Research

Itron (ITRI) is benefiting from higher software license sales. The company's extensive restructuring efforts to cut down on overhead expenses bode well.

Should Vanguard Mid-Cap ETF (VO) Be on Your Investing Radar?

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Style Box ETF report for VO

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

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Sector ETF report for PTF