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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$285.12 USD

-0.07 (-0.03%)

Updated May 7, 2024 02:00 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
1	Strong Buy	24.20%
2	Buy	18.04%
3	Hold	9.52%
4	Sell	5.20%
5	Strong Sell	2.60%
S&P	500	11.13%

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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 26% (66 out of 251)

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.

Iridium's (IRDM) GMDSS Solutions Utilized by Jan De Nul Group

by Zacks Equity Research Published on September 06,2022

Iridium's (IRDM) GMDSS solutions are being leveraged by Jan De Nul Group to improve maritime safety.

tech-stocks

Here's Why Investors Need to Watch for Pure Storage (PSTG)

by Zacks Equity Research Published on September 05,2022

Pure Storage's (PSTG) performance is benefiting from its subscription services revenues and the growing clout of FlashArray solutions.

tech-stocks

BCE Acquires Distributel to Boost Internet Services in Canada

by Zacks Equity Research Published on September 05,2022

BCE announces the acquisition of Distributel to expand its reach in the Canadian markets.

utilities

Seagate's (STX) Lyve Cloud Services Offered by Climb Channel

by Zacks Equity Research Published on September 02,2022

Lyve Cloud is Seagate's (STX) storage-as-a-service platform (only S3-compatible) designed to help businesses manage unstructured data growth

tech-stocks

Ciena (CIEN) Q3 Earnings & Revenues Miss Estimates, Down Y/Y

by Zacks Equity Research Published on September 02,2022

Ciena's (CIEN) Q3 revenues are affected by lingering supply chain issues.

tech-stocks

Lumen (LUMN) Debuts New Solutions for Managing Enterprise SASE

by Zacks Equity Research Published on September 01,2022

Lumen (LUMN) states that the combination of Lumen SASE Solutions and the Lumen SASE Manager will help customers to tighten cybersecurity and upgrade their network.

tech-stocks

Seagate (STX) Slashes Q1 Outlook Amid Macroeconomic Weakness

by Zacks Equity Research Published on September 01,2022

Seagate (STX) now expects revenues to be $2.1 billion (+/- $100 million) against the previous guidance of $2.5 billion (+/- $150 million) for the first quarter of fiscal 2023.

tech-stocks

Pure Storage (PSTG) Q2 Earnings Beat, Revenues Rise Y/Y

by Zacks Equity Research Published on September 01,2022

Pure Storage's (PSTG) Q2 results gain from strong subscription services and revenue growth in domestic and international segments amid a challenging macroeconomic backdrop.

tech-stocks

Generac Holdings' (GNRC) DERMS Solution Used by Dominion Energy

by Zacks Equity Research Published on August 31,2022

Generac Holdings (GNRC) Concerto platform leveraged by Dominion Energy Virginia to improve grid stability.

tech-stocks

Cadence Design Systems (CDNS) Stock Moves -0.34%: What You Should Know

by Zacks Equity Research Published on August 30,2022

Cadence Design Systems (CDNS) closed at $174.23 in the latest trading session, marking a -0.34% move from the prior day.

CDNSNegative Net Change

NetApp (NTAP) Extends Existing Partnership With VMware (VMW)

by Zacks Equity Research Published on August 30,2022

NetApp (NTAP) collaborates with VMware (VMW) to help customers reduce the cost and risk of modernizing data-intensive workloads in multi-cloud environments.

tech-stocks

SONY Plans to Tap Mobile Gaming Market With Savage Game Buyout

by Zacks Equity Research Published on August 30,2022

Sony announces the acquisition of Savage Game Studios for an undisclosed amount to further bolster its mobile gaming efforts.

consumer-discretionary

SONY Raises Price of PS5 Amid Global Economic Challenges

by Zacks Equity Research Published on August 29,2022

SONY announces raising the price of its PlayStation 5 (PS5) console due to rising inflation and weakness in yen.

Onto Innovation (ONTO) Sets Up Training Center to Aid Clients

by Zacks Equity Research Published on August 29,2022

Onto Innovation (ONTO) announces a new training center in South Korea to aid its clients across Asia in utilizing its diversified portfolio of solutions.

tech-stocks

NetApp (NTAP) Q1 Earnings & Revenues Top Estimates, Up Y/Y

by Zacks Equity Research Published on August 25,2022

NetApp (NTAP) first-quarter performance benefits from strong revenue growth for the Hybrid and Public Cloud business segments.

tech-stocks

Why Is Cadence (CDNS) Up 7.3% Since Last Earnings Report?

by Zacks Equity Research Published on August 24,2022

Cadence (CDNS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

CDNSNegative Net Change

Aspen's (AZPN) Artificial IoT Solutions Used by Birla Carbon

by Zacks Equity Research Published on August 24,2022

Aspen Technology's (AZPN) AIoT solution being leveraged by Birla Carbon to scale enterprise visibility across nine manufacturing sites globally.

Lumen's (LUMN) Sale of ILEC to Brightspeed Approved by FCC

by Zacks Equity Research Published on August 24,2022

Lumen Technologies' (LUMN) sale of the company's ILEC operations in 20 states to Brightspeed has been approved by FCC.

tech-stocks

New Strong Buy Stocks for August 24th

by Zacks Equity Research Published on August 24,2022

GHM, MBWM, BRT, WTTR, and CDNS have been added to the Zacks Rank #1 (Strong Buy) List on August 24, 2022.

Should Investors Retain CDW Stock Post Q2 Earnings Release?

by Zacks Equity Research Published on August 23,2022

CDW performance is gaining from solid demand for its hardware and software products. However, high debt load and increasing expenses are major concerns.