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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$296.35 USD

296.35
518,202

-0.07 (-0.02%)

Updated Jun 6, 2024 12:04 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 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 23% (58 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.

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

by Zacks Equity Research

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

by Zacks Equity Research

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

by Zacks Equity Research

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)

by Benjamin Rains

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

by Zacks Equity Research

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

by Zacks Equity Research

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

Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know

by Zacks Equity Research

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.

Shaun Pruitt headshot

Time to Buy These Highly-Ranked Computer Software Stocks

by Shaun Pruitt

Several computer software stocks currently hold spots on the Zacks Rank #1 (Strong Buy) list and here are three to consider.

WIX Q4 Earnings & Revenues Beat Estimates, Increase Y/Y

by Zacks Equity Research

WIX's fourth-quarter performance benefits from solid momentum in the Creative Subscriptions and Business Solutions segments

John Blank headshot

Nvidia Reports on the A.I. Boom: Global Week Ahead

by John Blank

After Nvidia's stock more than tripled in 2023, the chipmaker at the center of the excitement over A.I. has seen its shares soar another roughly +50% so far this year.

VeriSign (VRSN) Q4 Domain Name Registrations Rise 2.5% Y/Y

by Zacks Equity Research

VeriSign (VRSN) fourth-quarter domain name registrations increase 2.5% year over year.

Cadence (CDNS) Gains 51% in the Past Year: Will the Rally Last?

by Zacks Equity Research

Cadence's (CDNS) performance is driven by strength across all segments due to higher customer demand.

The Zacks Analyst Blog Highlights Fomento Economico Mexicano, Palo Alto, Shopify, Cadence Design and The PNC Financial

by Zacks Equity Research

Fomento Economico Mexicano, Palo Alto, Shopify, Cadence Design and The PNC Financial are included in this Analyst Blog.

Sheraz Mian headshot

Top Analyst Reports for FMX, Palo Alto Networks & Shopify

by Sheraz Mian

Today's Research Daily features new research reports on 16 major stocks, including Fomento Economico Mexicano, S.A.B. de C.V. (FMX), Palo Alto Networks, Inc. (PANW) and Shopify Inc. (SHOP).

Best Momentum Stocks to Buy for February 16th

by Zacks Equity Research

Teaser: ECL, CDNS and KRRO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 16, 2023.

New Strong Buy Stocks for February 16th

by Zacks Equity Research

CDNS, ECL, FMX, KRRO and RMR have been added to the Zacks Rank #1 (Strong Buy) List on February 16, 2024.

Zacks Investment Ideas feature highlights: Nvidia, Microsoft, Cadence Design Systems, ASML Holdings and Arista Networks

by Zacks Equity Research

Nvidia, Microsoft, Cadence Design Systems, ASML Holdings and Arista Networks are part of the Zacks Investment Ideas article.

Ethan Feller headshot

AI Backdoor: These Stocks are Quietly Powering the Boom

by Ethan Feller

Many investors are overlooking these incredible stock picks

Zacks Investment Ideas feature highlights: Cadence Design, Shopify and Airbnb

by Zacks Equity Research

Cadence Design, Shopify and Airbnb have been highlighted in this Investment Ideas article.

The Zacks Analyst Blog Highlights Amazon.com, Abercrombie & Fitch, Cadence Design, DHI Group and Spotify

by Zacks Equity Research

Amazon.com, Abercrombie & Fitch, Cadence Design, DHI Group and Spotify are included in this Analyst Blog.

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.