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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$288.81 USD

288.81
895,912

-0.12 (-0.04%)

Updated May 17, 2024 04:00 PM ET

After-Market: $288.85 +0.04 (0.01%) 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 Buy24.08%
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 27% (68 out of 249)

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.

Anirudha Bhagat headshot

4 Oversold High-Quality Tech Picks Amid Market Volatility

by Anirudha Bhagat

Investors may consider adding high-quality oversold stocks like SNPS, CDNS, FTNT and MPWR to their portfolio amid the current stock market uncertainties and gain from their upside potential.

PTC's Onshape-Arena Connection Enables Product Development

by Zacks Equity Research

PTC announces Onshape-Arena Connection, which reduces costs and difficulties associated with product data and product lifecycle management.

Cadence (CDNS) Launches Verisium AI Verification Platform

by Zacks Equity Research

Cadence Design Systems (CDNS) launches Verisium Artificial Intelligence (AI)-Driven Verification Platform to optimize verification workload.

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    With these new cameras, GoPro (GPRO) subscribers can get automatic highlight videos on their mobile phones.

    Best Momentum Stocks to Buy for September 15th

    by Zacks Equity Research

    CDNS, KEYS and CNM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 15, 2022.

    New Strong Buy Stocks for September 15th

    by Zacks Equity Research

    SRT, STLA, OROVY, ESEA, and CDNS have been added to the Zacks Rank #1 (Strong Buy) List on September 15, 2022.

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

    by Zacks Equity Research

    Cadence Design Systems (CDNS) closed the most recent trading day at $167.23, moving +0.19% from the previous trading session.

    Sonos (SONO) Continues to Expand Home Theater Product Line

    by Zacks Equity Research

    Sonos (SONO) launches new product, Sub Mini, to tap the growing demand for the global audio market.

    Wix.com (WIX) Expands Its Product Line With Wix Portfolio

    by Zacks Equity Research

    Wix.com (WIX) launches Wix Portfolio, which helps the user to create an online portfolio with pre-designed layouts

    SAP Enhances SuccessFactors to Boost Workforce Management

    by Zacks Equity Research

    SAP adds new features to its SuccessFactors solution to aid businesses gain a better knowledge of the abilities of their workforce and align individuals per organizational requirements.

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    Reasons to Retain Cirrus Logic (CRUS) Stock in Your Portfolio

    by Zacks Equity Research

    Cirrus Logic (CRUS) is gaining from the higher adoption of its product portfolio.

    Adobe (ADBE) to Report Q3 Earnings: What's in the Offing?

    by Zacks Equity Research

    Adobe's (ADBE) third-quarter fiscal 2022 results are expected to reflect gains from the solid momentum across the Digital Media and Digital Experience segments.

    Best Momentum Stocks to Buy for September 13th

    by Zacks Equity Research

    PSX, RGA and CDNS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 13, 2022.

    New Strong Buy Stocks for September 13th

    by Zacks Equity Research

    KLBAY, STLA, PSX, UFPI, and CDNS have been added to the Zacks Rank #1 (Strong Buy) List on September 13, 2022.

    Generac (GNRC) and SDG&E Collaborate to Reduce Power Outages

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    Generac Holdings' (GNRC) subsidiary, ecobee aims to reduce power outages by improving grid stability.

    Here's Why Investors Need to Keep an Eye on VeriSign (VRSN)

    by Zacks Equity Research

    VeriSign (VRSN) is benefiting from growth in .com and .net domain name registrations.

    Here's Why Investors Need to Keep an Eye on Badger Meter (BMI)

    by Zacks Equity Research

    Badger Meter (BMI) is gaining from accelerated adoption of its innovative digital water technologies, particularly ORION Cellular endpoints and the BEACON digital platform.

    Iridium (IRDM) Collaborates With SpaceX for Satellite Launch

    by Zacks Equity Research

    Iridium (IRDM) is working with SpaceX to launch five ground satellites through SpaceX's Falcon 9 rocket.

    Seagate (STX) & Catalog to Develop DNA-Based Storage Platform

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    Seagate Technology (STX) collaborates with Catalog Technologies to tap the growing demand for DNA-based storage and computation platforms.

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    Stocks Aren't Cheap, But They Will Be Soon

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    Use the Equity Risk Premium to gauge precisely how interest rate pressure and earnings deceleration are making stocks expensive.

    What Makes Cadence (CDNS) a New Strong Buy Stock

    by Zacks Equity Research

    Cadence (CDNS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

    Guidewire's (GWRE) Cloud Platform Continues to Gain Traction

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    Guidewire (GWRE) announces that Definity Financial Corporation has transitioned to cloud-based services by moving Vyne and Sonnet to Guidewire Cloud.

    Seagate's (STX) New Exos X Solutions to Boost Data Management

    by Zacks Equity Research

    Seagate Technology (STX) adds three new storage solutions to its the Exos X systems' product line.

    Cadence Design Systems (CDNS) Stock Moves 1.83%: What You Should Know

    by Zacks Equity Research

    In the latest trading session, Cadence Design Systems (CDNS) closed at $170.89, marking a +1.83% move from the previous day.