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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$295.85 USD

-0.57 (-0.19%)

Updated Jun 6, 2024 03:33 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
1	Strong Buy	24.08%
2	Buy	17.91%
3	Hold	9.44%
4	Sell	5.10%
5	Strong Sell	2.55%
S&P	500	11.04%

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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 D Momentum D VGM

Industry Rank:

Top 23% (58 out of 248)

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.

Infineon (IFNNY) Unveils New Voltage Regulator Solutions

by Zacks Equity Research Published on March 26,2019

Infineon (IFFNY) unveils XDPE132G5C and IR35223 multi-phase configurable PWM controllers to support advanced compute chips with enhanced performance.

Here's Why You Should Retain Coupa Software Stock for Now

by Zacks Equity Research Published on March 26,2019

Coupa Software (COUP) rides on strategic partnership, acquisition synergies and expanding customer base.

tech-stocks

Has Cadence Design Systems (CDNS) Outpaced Other Computer and Technology Stocks This Year?

by Zacks Equity Research Published on March 26,2019

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

CDNSNegative Net Change

Computer Software Stock Outlook: Growth Prospects Plenty

by Aniruddha Ganguly Published on March 26,2019

Computer Software industry participants are benefiting from continued strong digital transformation environment and strong adoption of cloud computing.

Akamai (AKAM) Gains From Robust Cloud Security Portfolio

by Zacks Equity Research Published on March 25,2019

Akamai (AKAM) is riding on growing influence of its security solutions among media customers. in particular.

tech-stocks

Reasons to Hold Wix.com (WIX) in Your Portfolio for Now

by Zacks Equity Research Published on March 25,2019

Wix.com (WIX) rides on product innovations and partnership deals. Further, the company's sound liquidity and cash flow is a positive.

tech-stocks

Broadcom Boosts Hold in Automotive Industry With New Switches

by Zacks Equity Research Published on March 25,2019

Broadcom (AVGO) is capitalizing on growing demand for connected vehicles by offering high speed Automotive Ethernet developments.

tech-stocks

The Zacks Analyst Blog Highlights: CommVault Systems, SS&C Technologies, Cadence Design Systems and Intuit

by Zacks Equity Research Published on March 25,2019

The Zacks Analyst Blog Highlights: CommVault Systems, SS&C Technologies, Cadence Design Systems and Intuit

computers

Should You Invest in the Invesco Dynamic Software ETF (PSJ)?

by Sweta Killa Published on March 22,2019

Sector ETF report for PSJ

4 Software Stocks for Growth Investors to Snap Up in 2019

by Radhika Pujara Published on March 22,2019

Here we select four software stocks, displaying strong growth potential, to add to your portfolio right away.

Why Is Cadence (CDNS) Up 11.6% Since Last Earnings Report?

by Zacks Equity Research Published on March 21,2019

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

Synopsys Rides on Solid Product Suite & Wide Customer Base

by Zacks Equity Research Published on March 20,2019

Synopsys' (SNPS) investments in the high-growth markets are diversifying its clientele. Moreover, its technological expertise and product launches are positives.

ON Semi's CMOS Image Sensors Enhance NVIDIA DRIVE Platform

by Zacks Equity Research Published on March 20,2019

ON Semiconductor (ON) is focused on improving optical simulation capabilities to strengthen its position in producing autonomous vehicle sensors.