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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$290.10 USD

290.10
1,181,419

-2.37 (-0.81%)

Updated May 21, 2024 04:00 PM ET

After-Market: $290.07 -0.03 (-0.01%) 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 Buy24.08%
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 22% (54 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.

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.

Why Cadence Design Systems (CDNS) is a Top Growth Stock for the Long-Term

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.

NetApp (NTAP) Appears Primed for Uptrend With 49% YTD Growth

by Zacks Equity Research

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

Blackbaud (BLKB) Gains 41% YTD: Will the Uptrend Continue?

by Zacks Equity Research

Blackbaud's (BLKB) performance benefits from robust organic growth and extensive cost-cutting measures.

Derek Lewis headshot

3 Top-Ranked Large Caps to Buy for Growth

by Derek Lewis

Large caps typically have greater stability and a proven track record, two reasons why they're beloved.

Axcelis' (ACLS) Logistics Center to Boost Warehouse Operations

by Zacks Equity Research

Axcelis' (ACLS) new facility boasts advanced technologies including AI-powered autonomous mobile robots and enterprise-level warehouse automation.

Are Computer and Technology Stocks Lagging Cadence Design Systems (CDNS) This Year?

by Zacks Equity Research

Here is how Cadence Design Systems (CDNS) and Weave Communications, Inc. (WEAV) have performed compared to their sector so far this year.

Cadence (CDNS), Samsung Foundry Partner to Enhance 5G SoC Design

by Zacks Equity Research

Cadence (CDNS) and Samsung Foundry team up to help users increase productivity and significantly reduce project timelines.

Blackbaud (BLKB) Up 6.4% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

Blackbaud (BLKB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Kevin Cook headshot

Bull of the Day: NVIDIA (NVDA)

by Kevin Cook

Owner of GPU architecture market accelerates "AI for everyone" with massive growth for years to come

Microsoft (MSFT) Up 10.9% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

Microsoft (MSFT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Why Is Cadence (CDNS) Up 13.9% Since Last Earnings Report?

by Zacks Equity Research

Cadence (CDNS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Zacks Industry Outlook Highlights Adobe, Salesforce and Cadence Design Systems

by Zacks Equity Research

Adobe, Salesforce and Cadence Design Systems are part of the Zacks Industry Outlook article.

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

by Zacks Equity Research

Sector ETF report for PTF

Vaishali Doshi headshot

3 Software Stocks to Watch for in a Prospering Industry

by Vaishali Doshi

Computer Software industry participants like Adobe (ADBE), Salesforce (CRM) and Cadence Design Systems (CDNS) benefit from steady digital transformations and strong adoption of cloud computing despite macroeconomic turbulence.

Cadence (CDNS) Stock Gains 67% YTD: Will the Uptrend Last?

by Zacks Equity Research

Cadence (CDNS) is benefiting from strong demand for its diversified portfolio across all segments.

Woodward (WWD) Q4 Earnings & Revenues Beat, Increase Y/Y

by Zacks Equity Research

Woodward (WWD) fiscal fourth-quarter performance benefits from continued momentum in the Aerospace and Industrial segments.