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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

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.

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

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

New Strong Buy Stocks for August 24th

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?

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

SONY Reportedly Faces Lawsuit Due to Higher Pricing in UK

Sony faces lawsuit due to overpricing millions of PlayStation customers in the UK, per a Financial Times report.

Blackbaud (BLKB) Acquires Kilter to Support TeamRaiser App

Blackbaud (BLKB) announces the acquisition of Kilter to expand activity-based peer-to-peer fundraising engagement.

Should Investors Retain America Movil (AMX) in their Portfolio?

America Movil (AMX) expects to gain from increasing broadband client base. However, increasing costs and leveraged balance sheets remain a concern.

The Zacks Analyst Blog Highlights Cadence Design, Intuit, Texas Instruments, Palo Alto and Fortinet

Cadence Design, Intuit, Texas Instruments, Palo Alto and Fortinet are included in this Analyst Blog.

Cadence (CDNS) & GF Tie Up to Boost 5G Design & Innovation

Cadence Design Systems (CDNS) and GlobalFoundries (GF) collaborate to accelerate 5G mobile design.

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Nasdaq Composite Exits Bear Market: 5 Picks to Tap the Bull

We have narrowed our search to five Nasdaq Composite listed technology bigwigs with strong growth potential for the rest of 2022. These are: FTNT, CDNS, INTU, TXN and PANW.

SAP's Litmos Solutions to be Acquired by Francisco Partners

SAP SE (SAP) is selling off its Litmos solutions due to overlap in functionality with SuccessFactors Learning solution

Generac (GNRC) Awarded Contract by Arizona Public Service

Generac Holdings (GNRC) awarded contract by APS to leverage Concerto and improve grid capacity.

Is Cadence (CDNS) a Solid Growth Stock? 3 Reasons to Think "Yes"

Cadence (CDNS) possesses solid growth attributes, which could help it handily outperform the market.

Lumen (LUMN) Continues to Invest in Edge Computing Platform

Lumen Technologies (LUMN) expands edge computing by offering Lumen Edge Virtual Machine (VM) to its customers.

Nalak Das headshot

5 High-Flying US Bigwigs With Solid Upside Left to Buy Now

We have narrowed our search to five U.S. corporate giants that have popped in the past month. These are: TSLA, ABNB, TXN, CDNS and NEE.

Nova Measuring Instruments and Burlington Stores have been highlighted as Zacks Bull and Bear of the Day

Nova Measuring Instruments and Burlington Stores have been highlighted as Zacks Bull and Bear of the Day.

Here's Why Investors Need to Keep an Eye on Cadence (CDNS)

Cadence's (CDNS) performance is benefiting from its diversified product portfolio and synergies from acquisitions.

SONY Rolls Out New Software Update for Xperia Smartphones

SONY announces new software update for all Xperia PRO and Xperia PRO-I customers.

Is Aspen Technology (AZPN) Stock Outpacing Its Computer and Technology Peers This Year?

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

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

Holding on to popular or trending stocks for the long-term can make your portfolio a winner.

Zacks.com featured highlights include Cadence Design Systems, Lantheus Holdings, Cavco Industries and Perion Network

Cadence Design Systems, Lantheus Holdings, Cavco Industries and Perion Network are part of Zacks Screen of the Week article.

DecisionPoint (DPSI) Q2 Earnings & Revenues Top Estimates

DecisionPoint Systems (DPSI) second-quarter performance benefits from strength across several verticals.

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Snap Up These 4 Top-Ranked Liquid Stocks for Solid Gains

Here are four top-ranked liquid stocks, Cadence Design Systems (CDNS), Lantheus (LNTH), Cavco (CVCO) and Perion Network (PERI), which investors can add to their portfolio for returns.

Sabre (SABR) Marketplace to Offer Avianca Group's NDC Content

With the recent collaboration between Sabre (SABR) and Avianca Group, Sabre-connected travel agents worldwide are likely to have access to NDC contents offered by Avianca Group on the former's marketplace tools.

Sonos (SONO) Q3 Earnings Fall Y/Y, Stock Tanks on Guidance Cut

Sonos (SONO) Q3 performance is affected by soft demand for its products amid continued supply constraints and unfavorable foreign exchange movements.