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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$296.42 USD

296.42
1,889,762

+9.29 (3.24%)

Updated Jun 5, 2024 04:00 PM ET

After-Market: $295.90 -0.52 (-0.18%) 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 248)

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.

Broadcom (AVGO) Q1 Earnings Beat Estimates, Revenues Miss

Broadcom (AVGO) is battered by weakness in wireless solutions. However, the company is well positioned to benefit from synergies from the CA buyout.

MongoDB (MDB) Q4 Loss Narrows, Revenues Up on Atlas Growth

MongoDB's (MDB) fourth-quarter fiscal 2019 results benefit from solid top-line growth, driven by robust Atlas demand.

Guidewire Shows Momentum: Is It Part of Your Portfolio?

Guidewire (GWRE) gains from strong fundamentals and strong adoption of several cloud-based products.

Cadence, Xilinx, Arm & TSMC Unite, Launches Neoverse N1 SDP

Cadence (CDNS) IP solutions are utilized in the recently rolled out Arm Neoverse N1 SDP developed in collaboration with Xilinx and TSMC.

Western Digital (WDC) Unveils Storage Products at OCP 2019

New product additions will enhance the Western Digital's (WDC) existing product portfolio and aid it in securing a strong foothold in the global SSD market.

Coupa (COUP) Q4 Earnings and Revenues Surpass Estimates

Coupa Software (COUP) benefits from expanding customer base. Further, rising adoption of Coupa's platform is boosting subscription services revenues.

Microsoft to Buy Wind Energy, Focus on Renewables Continue

Microsoft (MSFT) inks two 15-year agreements to buy wind energy generated by Timber Road IV Wind Farm project.

Silicon Motion (SIMO) to Offload FCI Product Line for $45M

Silicon Motion (SIMO) gains from expanding product portfolio and acquisition synergies.

Western Digital to Expand Flash Portfolio With WekaIO Tie Up

Western Digital (WDC) and WekaIO announce collaboration to develop NVMe-based flash storage platform. Western Digital Capital has made an undisclosed amount of investment in WekaIO for the project.

Guidewire (GWRE) Q2 Earnings & Revenues Beat Estimates

Guidewire (GWRE) gains from strong adoption of several cloud-based products.

Microchip (MCHP) Guides Lower Earnings & Revenues in Q4

Microchip (MCHP) lowers outlook for fourth-quarter fiscal 2019 earnings and revenues.

Qorvo (QRVO) Concludes Additional Senior Notes Offering

Qorvo (QRVO) is benefiting from robust adoption of its wireless connectivity and base station solutions.

David Bartosiak headshot

Bear of the Day: Autodesk (ADSK)

Earnings estimates on this Zacks Rank #5 (Strong Sell) have been moving in the wrong direction.

Cadence Rolls Out LPDDR5 Solution, Expands IP Portfolio

Cadence (CDNS) unveils Cadence Denali Gen2 IP silicon-based LPDDR5 solution, which utilizes TSMC's 7nm FinFET process technology.

Top Ranked Momentum Stocks to Buy for March 5th

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, March 5th

    Zacks.com featured highlights include: Oshkosh, Cadence, Restoration Hardware, Intuit and LPL

    Zacks.com featured highlights include: Oshkosh, Cadence, Restoration Hardware, Intuit and LPL

    VMware (VMW) Q4 Earnings Beat Estimates, NSX & vSAN Aid Growth

    VMware's (VMW) fourth-quarter fiscal 2019 results benefit from strong top-line growth, driven by robust performance from NSX and vSAN product lines.

    Qorvo Declares Pricing of $270M Additional Senior Notes

    Qorvo's (QRVO) recent pricing of senior notes is expected to provide financial flexibility and propel long-term growth.

    Workday (WDAY) Q4 Earnings & Revenues Surpass Estimates

    Workday's (WDAY) fourth-quarter fiscal 2019 results benefit from rapid adoption of Workday HCM and Workday Financial Management offerings.

    5 GARP Stocks for a Winning Portfolio

    Growth at a reasonable price or GARP strategy helps investors gain exposure to stocks that have impressive prospects and are trading at a discount.

    Company News For Feb 21, 2019

    Companies in the news are: CVS, CDNS, GRMN and OC

    Cadence (CDNS) Beats on Q4 Earnings & Revenues, Guides Strong

    Cadence (CDNS) gains from robust adoption of it's digital and signoff, custom and analog, IP solutions, and an ever expanding customer base.

    Cadence (CDNS) to Report Q4 Earnings: What's in the Cards?

    Cadence (CDNS) to gain from strong adoption of it's digital and signoff, custom and analog, IP solutions and expanding customer base.

    Synopsys (SNPS) Q1 Earnings: What's in Store for the Stock?

    Synopsys' (SNPS) first-quarter fiscal 2019 results are likely to benefit from steady growth in EDA solutions.

    Cadence Design Systems (CDNS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Cadence (CDNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.