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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$285.90 USD

285.90
2,700,438

-7.81 (-2.66%)

Updated Apr 18, 2024 03:59 PM ET

After-Market: $285.54 -0.36 (-0.13%) 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 Buy24.15%
2Buy18.00%
3Hold9.44%
4Sell5.10%
5Strong Sell2.53%
S&P50011.08%

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2-Buy of 5   2      

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 B 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 33% (82 out of 251)

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.

Cadence Design Systems (CDNS) Suffers a Larger Drop Than the General Market: Key Insights

Cadence Design Systems (CDNS) reachead $305.74 at the closing of the latest trading day, reflecting a -0.93% change compared to its last close.

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Top Analyst Reports for Exxon Mobil, PepsiCo & HSBC

Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), PepsiCo, Inc. (PEP) and HSBC Holdings plc (HSBC).

Looking for a Growth Stock? 3 Reasons Why Cadence (CDNS) is a Solid Choice

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

Here is What to Know Beyond Why Cadence Design Systems, Inc. (CDNS) is a Trending Stock

Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Cadence (CDNS) to Expand Its Portfolio With BETA CAE Acquisition

Cadence (CDNS) inks a definitive agreement to acquire BETA CAE Systems to enter into the structural analysis sector.

Cadence Design Systems and eXp World have been highlighted as Zacks Bull and Bear of the Day

Cadence Design Systems and eXp World have been highlighted as Zacks Bull and Bear of the Day.

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Bull of the Day: Cadence Design Systems (CDNS)

Cadence Design Systems plays a crucial yet often overlooked role in the development of semiconductors

Cadence Design Systems (CDNS) Increases Despite Market Slip: Here's What You Need to Know

Cadence Design Systems (CDNS) reachead $317.43 at the closing of the latest trading day, reflecting a +0.69% change compared to its last close.

Zacks Investment Ideas feature highlights: Nvidia, Meta Platforms, Cadence Design Systems and Amazon

Nvidia, Meta Platforms, Cadence Design Systems and Amazon are part of the Zacks Investment Ideas article.

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Can This U.S. "AI" Boom Override Geopolitics?

An Aggressive Posture on Asset Allocation Can Remain Attractive.

Ethan Feller headshot

Its a Bull Market You Know: Top Ranked Stocks to Ride the Trend

Jesse Livermore used this principle to make millions trading

Cadence (CDNS) Expands Its Tensilica Portfolio for Sensor Fusion

Cadence's (CDNS) new Tensilica IP enables multi-modal, sensor-based system designs with advanced energy efficiency and compactness.

Iridium's (IRDM) Solutions to Enhance ROK's Military Operations

Iridium's (IRDM) solutions are set to strengthen the ROK Army's data tracking and communication capabilities

Aspen's (AZPN) DGM Solution Leveraged by Adani Electricity

Aspen (AZPN) is set to assist Adani Electricity to address the rising complexity of electrical grids.

Cadence Design Systems (CDNS) Stock Falls Amid Market Uptick: What Investors Need to Know

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $300.01, denoting a -1.21% change from the preceding trading day.

Orange (ORAN) and Cisco Sign MoU to Reduce GHG Emission

Orange (ORAN) and Cisco sign a MoU that allows them to track emissions across their joint portfolio.

Itron (ITRI) Q4 Earnings & Revenues Beat Estimates, Rise Y/Y

Itron's (ITRI) fourth-quarter performance is driven by strong operational execution and the easing of supply-chain issues.

Are Computer and Technology Stocks Lagging Cadence Design Systems (CDNS) This Year?

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

Wall Street Analysts Think Cadence (CDNS) Is a Good Investment: Is It?

Based on the average brokerage recommendation (ABR), Cadence (CDNS) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

Itron (ITRI) & The Mobility House to Transform EV Fleet Charging

Itron (ITRI) and The Mobility House collaborate to assist utilities and grid operators in managing interconnection delays and infrastructure issues related to EV fleet electrification.

Itron (ITRI), Schneider Electric to Advance Grid Management

Itron (ITRI) collaborates with Schneider Electric to help utilities enhance grid capacity without immediate infrastructure investments.

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

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

Benjamin Rains headshot

Bull of the Day: Cadence Design Systems, Inc. (CDNS)

Cadence is poised to benefit from the expansion of AI and beyond no matter who the near-term and long-term winners are.

Itron (ITRI) Unveils IEE to Transform Utility Data Management

Itron (ITRI) announces the availability of a cloud-based IEE platform in the Microsoft Azure Marketplace.

Telefonica (TEF) Swings to Loss in Q4, Revenues Fall Y/Y

Telefonica's (TEF) fourth-quarter performance is affected by unfavorable foreign currency movement, partly offset by higher service revenues.