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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$288.93 USD

288.93
1,222,390

-4.17 (-1.42%)

Updated May 16, 2024 04:00 PM ET

After-Market: $288.86 -0.07 (-0.02%) 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 22% (56 out of 250)

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.

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

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

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

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

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

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

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AI Backdoor: These Stocks are Quietly Powering the Boom

Many investors are overlooking these incredible stock picks

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

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

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

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

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

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

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

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

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

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

Thursday's Market Data Deluge

Mark Vickery headshot

Slow Start to Busy Trading Week

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

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?

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

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

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?

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?

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?

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

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

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?

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.

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5 Software Stocks Likely to Top Earnings Estimates This Season

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