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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$296.02 USD

-0.40 (-0.14%)

Updated Jun 6, 2024 02:58 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
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.

ANSYS (ANSS) Q3 Earnings Beat Estimates, Hikes '18 View

by Zacks Equity Research Published on November 08,2018

ANSYS's (ANSS) third-quarter results benefit from double-digit growth across lease, maintenance and service revenues.

Computer Software Stock Outlook: Growth Prospects Plenty

by Aniruddha Ganguly Published on November 06,2018

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

Zacks.com highlights: Core-Mark Holding, CACI International, Amedisys, Cadence Design Systems and WNS Holdings

by Zacks Equity Research Published on November 05,2018

Zacks.com highlights: Core-Mark Holding, CACI International, Amedisys, Cadence Design Systems and WNS Holdings

TE Connectivity (TEL) Beats on Q4 Earnings, Lags Revenues

by Zacks Equity Research Published on November 02,2018

TE Connectivity's fourth-quarter fiscal 2018 results benefit from robust growth in Industrial and Communications segments but seasonality takes a toll.

tech-stocks

5 Top-Ranked Momentum Stocks Driven by Driehaus Strategy

by Zacks Equity Research Published on November 02,2018

Investors who have the tendency to take a high level of risks can choose momentum stocks using Driehaus strategy.

Zacks.com highlights: Tilly's, Crocs, Cadence Design Systems and Molina Healthcare

by Zacks Equity Research Published on October 30,2018

Zacks.com highlights: Tilly's, Crocs, Cadence Design Systems and Molina Healthcare

4 Impressive Liquid Stocks for Maximum Returns

by Zacks Equity Research Published on October 29,2018

Here are four top-ranked liquid stocks that can help investors build a winning portfolio.

VeriSign's (VRSN) Q3 Earnings Up Y/Y, Revenues Top Estimates

by Zacks Equity Research Published on October 26,2018

VeriSign's (VRSN) third-quarter 2018 results primarily benefit from increase in .com domain name registrations.

LogMeIn (LOGM) Beats Q3 Earnings Estimates, Raises Guidance

by Zacks Equity Research Published on October 26,2018

LogMeIn (LOGM) third-quarter results benefit from solid turnaround in Collaboration business.

computers

MKS Instruments (MKSI) Q3 Earnings Beat, Revenues Miss

by Zacks Equity Research Published on October 25,2018

MKS Instruments (MKSI) third-quarter 2018 results benefit from growing advanced market revenues.

Twitter (TWTR) Q3 Earnings Beat, MAU Continues to Decline

by Zacks Equity Research Published on October 25,2018

Twitter's (TWTR) third-quarter results benefit from growth in international market and video advertisements.

Citrix (CTXS) Beats on Q3 Earnings & Revenues, Hikes 18' View

by Zacks Equity Research Published on October 25,2018

Citrix's (CTXS) third-quarter results benefit from strong growth in subscription revenues.

Company News For Oct 24, 2018

by Zacks Equity Research Published on October 24,2018

Companies in the news are: UTX, VZ, PHM and CDNS

Cadence (CDNS) Q3 Earnings & Revenues Top, Hikes '18 View

by Zacks Equity Research Published on October 23,2018

Cadence (CDNS) third-quarter results trumped estimates. The company updated 2018 guidance. Collaboration generated product enhancements and solid adoption of Palladium solutions drove y/y growth.