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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$281.59 USD

281.59
472,052

-4.72 (-1.65%)

Updated Jun 3, 2024 12:33 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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 23% (58 out of 250)

Industry: Computer - Software

Better trading starts here.

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.

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

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.

Cadence Design Systems, Inc. (CDNS) Soars to 52-Week High, Time to Cash Out?

Cadence (CDNS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Watts Water (WTS) Soars 26.2% YTD: Will the Uptrend Continue?

Watts Water's (WTS) performance is gaining from product launches and synergies from acquisitions.

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

Cadence Design Systems (CDNS) closed the most recent trading day at $244.44, moving +1.54% from the previous trading session.

Badger Meter (BMI) to Post Q2 Earnings: Key Factors to Note

Badger Meter's (BMI) second-quarter performance is likely to have benefited from increased demand for its digital smart water solutions.

Apple (AAPL) Rumored to Bring Tap to Pay on iPhone to Brazil

Apple (AAPL) is reportedly expanding Tap to Pay on iPhone to Brazil following the U.K. launch.

Cadence Design Systems (CDNS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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.

Infosys (INFY) to Report Q1 Earnings: What's in the Offing?

Infosys' (INFY) Q1 performance is likely to have been driven by the strong demand for the cloud, data analytics, IoT and security products and solutions amid the ongoing digital transformation wave.

SAP Set to Report Q2 Earnings: Here's What You Should Know

SAP's second-quarter performance is likely to have benefited from continued momentum in cloud business. However, prevailing global macroeconomic challenges may have acted as a dampener.

Adobe Inc. (ADBE) Hits Fresh High: Is There Still Room to Run?

Adobe (ADBE) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Zacks.com featured highlights include Nexstar Media Group, Cadence Design Systems, Atmos Energy and O'Reilly Automotive

Nexstar Media Group, Cadence Design Systems, Atmos Energy and O'Reilly Automotive are part of the Zacks Screen of the Week article.

Sumit Singh headshot

4 Stocks With Remarkable Interest Coverage Ratio

A company capable of generating earnings well above its interest expense can withstand financial hardship. Nexstar (NXST), Cadence Design Systems (CDNS), Atmos (ATO) and O'Reilly (ORLY) are sound enough to meet financial obligations.

Cadence (CDNS) Receives Certification for Intel 16 FinFET

Cadence (CDNS) partners with Intel to help customers meet their power, performance and area targets.

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

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.

Is Adobe (ADBE) Outperforming Other Computer and Technology Stocks This Year?

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

Diodes (DIOD) Expands Portfolio With Low-Voltage Hall Latches

Diodes (DIOD) expands its portfolio with the launch of a new line of low-voltage, high-sensitivity Hall-effect latches - AH171xQ series.

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

Cadence Design Systems (CDNS) closed at $231.87 in the latest trading session, marking a -1.09% move from the prior day.

Cadence (CDNS) Stock Soars 46% YTD: Will the Uptrend Last?

Cadence (CDNS) witnesses the strong demand for its diversified portfolio across all segments.

Simulations Plus (SLP) Q3 Earnings Miss, Revenues Rise Y/Y

Simulations Plus' (SLP) third-quarter fiscal 2023 top line is driven by higher revenues in the Software and Services business segments.

Derek Lewis headshot

Growth Investors Shouldn't Ignore These 3 Stocks

Investors have their preferences within the market and for understandable reasons. While some reap a steady income stream, others are rewarded with explosive growth.

Simulations Plus (SLP) Q3 Earnings Miss Estimates

Simulations Plus (SLP) delivered earnings and revenue surprises of -4.76% and 0.90%, respectively, for the quarter ended May 2023. Do the numbers hold clues to what lies ahead for the stock?

Axcelis (ACLS) Surges 125% YTD: Will the Uptrend Persist?

Axcelis Technologies' (ACLS) performance is gaining from robust customer demand for Purion suite of products.

The Zacks Analyst Blog Highlights Meta Platforms, NVIDIA, Palo Alto Networks, Cadence Design Systems and Synopsys

Meta Platforms, NVIDIA, Palo Alto Networks, Cadence Design Systems and Synopsys are part of the Zacks top Analyst Blog.