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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$322.08 USD

322.08
2,250,635

+9.98 (3.20%)

Updated Jun 17, 2024 04:00 PM ET

After-Market: $322.00 -0.08 (-0.02%) 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 23% (58 out of 250)

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.

John Blank headshot

After This Correction, Time to Buy Stocks?

That is a worthy topic, isn't it?

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

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

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

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Will Nasdaq Composite Maintain Its Momentum in Q4 2023?

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

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

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

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

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

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

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).

John Blank headshot

Pricing in Risks: Global Week Ahead

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?

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)

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

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

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

Cadence (CDNS) Partners With Arm to Accelerate SoC Development

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

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

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

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

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

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.

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Top Stock Picks for Week of October 9, 2023

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

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

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

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