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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 (CDNS) Partners With Arm to Accelerate SoC Development

by Zacks Equity Research

Cadence (CDNS) collaborates with Arm to help customers create customizable subsystems and reduce time to market.

Key Factors to Note Ahead of Cadence's (CDNS) Q3 Earnings

by Zacks Equity Research

Cadence's (CDNS) third-quarter performance is likely to have benefited from continued strength across all segments, driven by higher customer demand.

Derek Lewis headshot

3 Top-Ranked Companies Boasting Strong Sales Growth

by Derek Lewis

Strong revenue generation leads to many positives, including scaling efficiencies and meaningful earnings growth. And these three have seen their sales grow notably over the last several years.

Cadence's (CDNS) AI-Driven Solutions Used by Imagination

by Zacks Equity Research

Cadence (CDNS) boosts Imagination's low-powered GPUs to help customers achieve their PPA goals.

Cadence Design Systems (CDNS) Stock Moves -0.31%: What You Should Know

by Zacks Equity Research

Cadence Design Systems (CDNS) concluded the recent trading session at $252.20, signifying a -0.31% move from its prior day's close.

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

by Zacks Equity Research

Cadence Design Systems (CDNS) reachead $252.98 at the closing of the latest trading day, reflecting a +1.29% change compared to its last close.

Panel Of Zacks Experts headshot

Top Stock Picks for Week of October 9, 2023

by Panel Of Zacks Experts

A Company with Solid Customer Demand Driving Performance and a Pivotal Player in the Global Digital Infrastructure Landscape.

Cadence (CDNS) Solutions Leveraged by Nisshinbo Micro Devices

by Zacks Equity Research

Cadence's (CDNS) custom IC and system analysis solutions are being used by Nisshinbo Micro Devices to improve design efficiency.

Cadence Design Systems (CDNS) Stock Moves -0.12%: What You Should Know

by Zacks Equity Research

Cadence Design Systems (CDNS) closed at $234.77 in the latest trading session, marking a -0.12% move from the prior day.

Genasys (GNSS) Enhances Emergency Response With Evertel Buyout

by Zacks Equity Research

Genasys' (GNSS) buyout of Evertel Technologies is destined to redefine the landscape of emergency communications.

The New York Times (NYT) Well-Poised on Subscription Revenues

by Zacks Equity Research

The New York Times Company's (NYT) success story is rooted in its commitment to diversifying revenue sources, optimizing expenses and streamlining operations.

Cadence (CDNS) Completes Intrinsix Buyout, Terms Undisclosed

by Zacks Equity Research

Intrinsix will aid Cadence (CDNS) to boost its system and IC design services portfolio and aid customers to achieve design excellence, especially in key verticals like aerospace and defense.

Cadence (CDNS) Unveils Enhanced System Prototyping Flows

by Zacks Equity Research

Cadence's (CDNS) latest Integrity 3D-IC Platform is expected to allow customers to model system prototypes and improve productivity and performance.

BlackBerry (BB) Reports Q2 Loss

by Zacks Equity Research

BlackBerry (BB) delivered earnings and revenue surprises of -100% and 0%, respectively, for the quarter ended August 2023. Do the numbers hold clues to what lies ahead for the stock?

Cadence Design Systems (CDNS) Outpaces Stock Market Gains: What You Should Know

by Zacks Equity Research

In the latest trading session, Cadence Design Systems (CDNS) closed at $234.01, marking a +1.46% move from the previous day.

Progress' (PRGS) Q3 Earnings Top Estimates, Revenues Up Y/Y

by Zacks Equity Research

Progress' (PRGS) third-quarter fiscal 2023 results benefit from strong subscription license revenues and robust demand for OpenEdge and MarkLogic offerings.

Cadence (CDNS) & TMSC Collaborate to Enhance RFIC Design

by Zacks Equity Research

Cadence (CDNS) collaborates with TSMC to help customers streamline the integration of critical RF functionality into designs.

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

by Zacks Equity Research

Here is how Cadence Design Systems (CDNS) and Meta Platforms (META) have performed compared to their sector so far this year.

Wall Street Bulls Look Optimistic About Cadence (CDNS): Should You Buy?

by Zacks Equity Research

According to the average brokerage recommendation (ABR), one should invest in Cadence (CDNS). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?

Cadence Design Systems (CDNS) Gains As Market Dips: What You Should Know

by Zacks Equity Research

In the latest trading session, Cadence Design Systems (CDNS) closed at $230.66, marking a +0.91% move from the previous day.

Cadence (CDNS) Expands Portfolio Through Intrinsix Acquisition

by Zacks Equity Research

Cadence (CDNS) is set to acquire Intrinsix to further enhance its system and IC design services.

Cadence Design Systems (CDNS) Dips More Than Broader Markets: What You Should Know

by Zacks Equity Research

In the latest trading session, Cadence Design Systems (CDNS) closed at $234.20, marking a -1% move from the previous day.

Cadence (CDNS) Unveils NPU to Enhance Edge AI Performance

by Zacks Equity Research

Cadence (CDNS) introduces NPU and SDK to accelerate AI development and reduce energy costs.

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

by Zacks Equity Research

Cadence Design Systems (CDNS) closed at $242.82 in the latest trading session, marking a +0.7% move from the prior day.

Cadence (CDNS) Introduces New AI-Powered OrCAD X Platform

by Zacks Equity Research

Cadence notes that OrCAD X platform is capable of reducing design turnaround time by 5X owing to its cloud scalability and AI-powered placement automation technology.