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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$274.55 USD

274.55
2,082,412

-1.08 (-0.39%)

Updated May 1, 2024 04:00 PM ET

After-Market: $274.96 +0.41 (0.15%) 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 Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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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 D 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 40% (100 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.

Bryan Hayes headshot

Earnings Leaders and Laggards: This AI Stock Dives on Q4 Results

by Bryan Hayes

Earnings continue to be the focus heading into Tuesday's session along with this morning's key inflation report.

Compared to Estimates, Cadence (CDNS) Q4 Earnings: A Look at Key Metrics

by Zacks Equity Research

Although the revenue and EPS for Cadence (CDNS) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cadence (CDNS) Q4 Earnings & Revenues Top Estimates, Up Y/Y

by Zacks Equity Research

Cadence's (CDNS) fourth-quarter performance gains on the back of higher demand for its products amid robust design activity and strong operational execution.

Tirthankar Chakraborty headshot

Year of the Dragon is a Boon for Wall Street: 5 Growth Picks

by Tirthankar Chakraborty

Invest in growth stocks such as Amazon (AMZN), Abercrombie & Fitch (ANF), Cadence Design Systems (CDNS), DHI Group (DHX) and Spotify Technology (SPOT) as the stock market performs well in the Year of the Dragon.

Mark Vickery headshot

Markets Flattish Ahead of CPI Data Tuesday

by Mark Vickery

Marginal earnings misses -- or even beats with less-than-exceptional guidance -- are sending some stocks much lower on their Q4 news.

Thursday's Market Data Deluge

by Zacks Equity Research

Thursday's Market Data Deluge

Mark Vickery headshot

Slow Start to Busy Trading Week

by Mark Vickery

All CPI results are expected to rise at lower levels month over month, which is a very good sign for inflation cooling down overall.

Zacks Investment Ideas feature highlights: Arista Networks, Cadence Design, Shopify and Nvidia

by Zacks Equity Research

Arista Networks, Cadence Design, Shopify and Nvidia have been highlighted in this Investment Ideas article.

Is a Surprise Coming for Cadence (CDNS) This Earnings Season?

by Zacks Equity Research

Cadence (CDNS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Benjamin Rains headshot

3 Top Tech Stocks to Buy Now Outside of the Magnificent 7

by Benjamin Rains

There are plenty of big tech names outside of this exclusive group for investors to consider buying this earnings season, including the three highly-ranked tech stocks we explore today: Arista Networks (ANET), Cadence Design Systems (CDNS), and Shopify (SHOP)

Is Cadence Design Systems (CDNS) Stock Outpacing Its Computer and Technology Peers This Year?

by Zacks Equity Research

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

Cadence (CDNS) Is Considered a Good Investment by Brokers: Is That True?

by Zacks Equity Research

The average brokerage recommendation (ABR) for Cadence (CDNS) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

What to Expect Ahead of Cadence's (CDNS) Q4 Earnings Release?

by Zacks Equity Research

Cadence's (CDNS) fourth-quarter performance is likely to have benefited from continued strength across all segments, driven by higher customer demand.

SS&C Technologies (SSNC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

by Zacks Equity Research

SS&C Technologies (SSNC) 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.

Cadence Design Systems (CDNS) Advances While Market Declines: Some Information for Investors

by Zacks Equity Research

The latest trading day saw Cadence Design Systems (CDNS) settling at $296.65, representing a +0.03% change from its previous close.

Cadence Design Systems (CDNS) Earnings Expected to Grow: Should You Buy?

by Zacks Equity Research

Cadence (CDNS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Vasundhara Sawalka headshot

5 Software Stocks Likely to Top Earnings Estimates This Season

by Vasundhara Sawalka

Let us look at some software stocks - CRWD, RNG, TWLO, CDNS and SNAP - which are poised to beat earnings estimates this season.

Here's Why Cadence Design Systems (CDNS) is a Strong Momentum Stock

by Zacks Equity Research

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Cadence Design Systems, Inc. (CDNS) Is a Trending Stock: Facts to Know Before Betting on It

by Zacks Equity Research

Zacks.com users have recently been watching Cadence (CDNS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar

by Zacks Equity Research

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

Cadence Design Systems (CDNS) Outperforms Broader Market: What You Need to Know

by Zacks Equity Research

Cadence Design Systems (CDNS) reachead $294.37 at the closing of the latest trading day, reflecting a +1.25% change compared to its last close.

Here's Why Cadence Design Systems (CDNS) is a Strong Growth Stock

by Zacks Equity Research

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Here's How Much a $1000 Investment in Cadence Design Systems Made 10 Years Ago Would Be Worth Today

by Zacks Equity Research

Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.

Will Cadence (CDNS) Beat Estimates Again in Its Next Earnings Report?

by Zacks Equity Research

Cadence (CDNS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Cadence Design Systems (CDNS) Outpaces Stock Market Gains: What You Should Know

by Zacks Equity Research

In the latest trading session, Cadence Design Systems (CDNS) closed at $295.73, marking a +1.23% move from the previous day.