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Cadence Design Systems (CDNS)

(Real Time Quote from BATS)

$293.64 USD

293.64
96,618

+3.54 (1.22%)

Updated May 22, 2024 10:18 AM 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 18% (46 out of 249)

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) Gains 30.8% YTD: Will the Upward Trend Last?

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Itron (ITRI) is benefiting from robust operational execution, resulting in increased shipments to customers amid the easing of supply-chain issues.

Is Cadence Design Systems (CDNS) Stock Outpacing Its Computer and Technology Peers This Year?

by Zacks Equity Research

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

Here's How Much You'd Have If You Invested $1000 in Cadence Design Systems a Decade Ago

by Zacks Equity Research

Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.

DecisionPoint (DPSI) Q3 Earnings Top Estimates, Revenues Up Y/Y

by Zacks Equity Research

DecisionPoint's (DPSI) third-quarter performance benefits from higher software and services revenues along with contributions from acquisitions.

Cadence (CDNS) & Autodesk Partner for Intelligent System Design

by Zacks Equity Research

Cadence (CDNS) collaborates with Autodesk to streamline the creation of smart products and establish two-way communication between PCB designers and mechanical engineers.

Is Cadence (CDNS) a Buy as Wall Street Analysts Look Optimistic?

by Zacks Equity Research

Based on the average brokerage recommendation (ABR), Cadence (CDNS) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

Onto Innovation (ONTO) Q3 Earnings Beat, Revenues Fall Y/Y

by Zacks Equity Research

Onto Innovation's (ONTO) third-quarter top-line performance is affected by delayed shipments of two lithography systems.

SONY's Q2 Earnings Decline Y/Y, Revenue Guidance Raised

by Zacks Equity Research

SONY's second-quarter fiscal 2023 revenue performance benefits from solid momentum in G&NS, and Music sales.

GoPro's (GPRO) Q3 Earnings & Revenues Surpass Estimates

by Zacks Equity Research

GoPro's (GPRO) Q3 performance gains from higher retail and subscription revenues. It reports 20% growth in subscribers.

3 Reasons Why Cadence (CDNS) Is a Great Growth Stock

by Zacks Equity Research

Cadence (CDNS) could produce exceptional returns because of its solid growth attributes.

Investors Heavily Search Cadence Design Systems, Inc. (CDNS): Here is What You Need to Know

by Zacks Equity Research

Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

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After This Correction, Time to Buy Stocks?

by John Blank

That is a worthy topic, isn't it?

Brokers Suggest Investing in Cadence (CDNS): Read This Before Placing a Bet

by Zacks Equity Research

Based on the average brokerage recommendation (ABR), Cadence (CDNS) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

The Zacks Analyst Blog Highlights NVIDIA, Palo Alto, Adobe, Synopsys and Cadence Design

by Zacks Equity Research

NVIDIA, Palo Alto, Adobe, Synopsys and Cadence Design are included in this Analyst Blog.

Nalak Das headshot

Will Nasdaq Composite Maintain Its Momentum in Q4 2023?

by Nalak Das

Five NASDAQ Composite-listed stocks to buy are: NVDA, PANW, ADBE, SNPS, CDNS.

Cadence (CDNS) Q3 Earnings & Revenues Top Estimates, Rise Y/Y

by Zacks Equity Research

Cadence's (CDNS) third-quarter performance gains on the back of higher demand for its products.

The Zacks Analyst Blog Highlights Cadence Design Systems, Splunk and Vipshop

by Zacks Equity Research

Cadence Design Systems, Splunk and Vipshop are part of the Zacks top Analyst Blog.

Cadence (CDNS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

by Zacks Equity Research

The headline numbers for Cadence (CDNS) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Cadence Design Systems (CDNS) Beats Q3 Earnings and Revenue Estimates

by Zacks Equity Research

Cadence (CDNS) delivered earnings and revenue surprises of 4.13% and 1.66%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?

Mark Vickery headshot

Top Analyst Reports for Toyota Motor, Elevance Health & Illinois Tool Works

by Mark Vickery

Today's Research Daily features new research reports on 12 major stocks, including Toyota Motor Corporation (TM), Elevance Health, Inc. (ELV) and Illinois Tool Works Inc. (ITW).

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Pricing in Risks: Global Week Ahead

by John Blank

The "Magnificant 7" combined have accounted for the bulk of the S&P 500's +11% year-to-date gain, so any results disappointment could have broad fallout.

Will Cadence (CDNS) Beat Estimates Again in Its Next Earnings Report?

by Zacks Equity Research

Cadence (CDNS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

3 Reasons Why Growth Investors Shouldn't Overlook Cadence (CDNS)

by Zacks Equity Research

Cadence (CDNS) is well positioned to outperform the market, as it exhibits above-average growth in financials.

If You Invested $1000 in Cadence Design Systems a Decade Ago, This is How Much It'd Be Worth Now

by Zacks Equity Research

Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.

Cadence Design Systems (CDNS) Sees a More Significant Dip Than Broader Market: Some Facts to Know

by Zacks Equity Research

In the latest trading session, Cadence Design Systems (CDNS) closed at $246.56, marking a -1.38% move from the previous day.