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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$274.55 USD

274.55
1,772,666

-1.08 (-0.39%)

Updated May 1, 2024 04:00 PM ET

After-Market: $274.96 +0.41 (0.15%) 7:28 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.

Should You Invest in the Invesco Dorsey Wright Technology Momentum ETF (PTF)?

by Zacks Equity Research

Sector ETF report for PTF

Cadence's (CDNS) New Palladium Z2 Apps to Enhance Simulation

by Zacks Equity Research

Cadence (CDNS) launches domain-specific Palladium Z2 applications to help customers navigate the increasing complexity of system design.

Cadence Design Systems (CDNS) Beats Stock Market Upswing: What Investors Need to Know

by Zacks Equity Research

Cadence Design Systems (CDNS) closed at $279.01 in the latest trading session, marking a +1.31% move from the prior day.

Cadence Design Systems (CDNS) Surpasses Market Returns: Some Facts Worth Knowing

by Zacks Equity Research

In the most recent trading session, Cadence Design Systems (CDNS) closed at $268.50, indicating a +0.64% shift from the previous trading day.

Cadence Design Systems (CDNS) Rises As Market Takes a Dip: Key Facts

by Zacks Equity Research

Cadence Design Systems (CDNS) closed the most recent trading day at $266.79, moving +1.34% from the previous trading session.

Cadence (CDNS) Expands Portfolio Through Invecas Acquisition

by Zacks Equity Research

Cadence notes that Invecas buyout will enable it to offer its customers with custom solutions across chip design, advanced packaging, product engineering and embedded software.

Cadence Design Systems (CDNS) Stock Falls Amid Market Uptick: What Investors Need to Know

by Zacks Equity Research

Cadence Design Systems (CDNS) reachead $252.71 at the closing of the latest trading day, reflecting a -1.25% change compared to its last close.

T-Mobile (TMUS) Incorporates Hulu in its Streaming Services

by Zacks Equity Research

T-Mobile (TMUS) notes that Hulu will be added as part of the Un-carrier's Go5G Next plan along with existing services including Apple TV+ on Us and Netflix on Us.

NetApp (NTAP) Up 35% in the Past Year: Will the Rally Last?

by Zacks Equity Research

NetApp (NTAP) expects strength in product and hyper-scaler first-party and marketplace services to cushion revenue performance amid soft macroeconomic conditions.

Cadence Design Systems (CDNS) Declines More Than Market: Some Information for Investors

by Zacks Equity Research

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $255.92, denoting a -0.53% change from the preceding trading day.

Badger Meter (BMI) Acquires Network Monitoring Solutions

by Zacks Equity Research

Badger Meter (BMI) announces the purchase of select remote water monitoring hardware and software solutions from Trimble, including the Telog brand of remote telemetry units.

Simulations Plus (SLP) Q1 Earnings Miss, Revenues Rise Y/Y

by Zacks Equity Research

Simulations Plus' (SLP) first-quarter fiscal 2024 top line is driven by higher revenues in the Software and Services business segments amid relatively soft client funding and budget cycles.

Watts Water's (WTS) Solid Acquisition Strategy to Drive Growth

by Zacks Equity Research

Watts Water (WTS) announces the completion of the acquisition of Josam Company.

The Zacks Analyst Blog Highlights Coca-Cola, Petrobras, Airbnb, Cadence Design Systems and Autodesk

by Zacks Equity Research

Coca-Cola, Petrobras, Airbnb, Cadence Design Systems and Autodesk are part of the Zacks top Analyst Blog.

Blackbaud (BLKB) Up 45% in 2023: Will the Rally Continue?

by Zacks Equity Research

Blackbaud's (BLKB) performance is driven by robust organic growth and extensive cost-cutting measures.

Mark Vickery headshot

Top Stock Reports for Coca-Cola, Petrobras & Airbnb

by Mark Vickery

Today's Research Daily features new research reports on 16 major stocks, including The Coca-Cola Company (KO), Petroleo Brasileiro S.A. - Petrobras (PBR) and Airbnb, Inc. (ABNB).

Cadence Design Systems (CDNS) Stock Drops Despite Market Gains: Important Facts to Note

by Zacks Equity Research

In the most recent trading session, Cadence Design Systems (CDNS) closed at $274.64, indicating a -0.12% shift from the previous trading day.

Are Computer and Technology Stocks Lagging Arlo Technologies (ARLO) This Year?

by Zacks Equity Research

Here is how Arlo Technologies (ARLO) and Cadence Design Systems (CDNS) have performed compared to their sector so far this year.

Cadence's (CDNS) Solution Power Wistron's Network Switch

by Zacks Equity Research

Cadence's (CDNS) AI-driven solutions are set to help Wistron tackle multiphysics challenges in complex electronic systems.

Cadence Design Systems (CDNS) Gains But Lags Market: What You Should Know

by Zacks Equity Research

Cadence Design Systems (CDNS) reachead $274.33 at the closing of the latest trading day, reflecting a +0.3% change compared to its last close.

Cadence (CDNS) Stock Gains 69% YTD: Will the Uptrend Last?

by Zacks Equity Research

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

Is It Worth Investing in Cadence (CDNS) Based on Wall Street's Bullish Views?

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?

Cadence (CDNS) Teams Up With Antiviral Discovery Consortium

by Zacks Equity Research

Cadence's (CDNS) OpenEye software to assist computational chemists in creating a strong antiviral drug discovery pipeline by leveraging structural biology, AI, ML and computational chemistry.

Ciena (CIEN) Q4 Earnings & Revenues Top Estimates, Up Y/Y

by Zacks Equity Research

Ciena's (CIEN) fiscal fourth-quarter performance is driven by increasing demand momentum, especially from cloud provider customers.

Axcelis (ACLS) Purion Shipments Continue to Gain Traction

by Zacks Equity Research

Axcelis (ACLS) recently announces that it shipped Purion XE high energy and Purion H high current implanters to various fabs in Korea and China.