Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Cadence Design Systems (CDNS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Cadence Design Systems is one of 621 companies in the Computer and Technology group. The Computer and Technology group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual secto ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cadence Design Systems (CDNS) .Cadence currently has an average b ...

Cadence Design Systems (CDNS) is scheduled to release fourth-quarter 2023 results on Feb 12.For the fourth quarter, Cadence expects total revenues in the range of $1.039-$1.079 billion. The Zacks Consensus Estimate is currently pegged at $1.07 billion, suggesting an increase of 18.7% from a year ago.Management projects non-GAAP earnings per share (EPS) in the range of $1.30-$1.36. The Zacks Consensus Estimate is pegged at $1.34, indicating an increase of 40% from the prior-year quarter’s reported figure.The ...

In the latest market close, Cadence Design Systems (CDNS) reached $296.65, with a +0.03% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.32%. At the same time, the Dow lost 0.71%, and the tech-heavy Nasdaq lost 0.2%.Prior to today's trading, shares of the maker of hardware and software products for validating chip designs had gained 17.35% over the past month. This has outpaced the Computer and Technology sector's gain of 9.33% and the S&P 500's ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Cadence Design Systems (CDNS) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Software is ubiquitous and has become the focal point of technological innovation. Software stocks have been benefiting from accelerated demand for digital transformation and the ongoing shift to the cloud. However, weakened consumer spending amid ongoing macroeconomic headwinds is hurting industry participants. Enterprises are postponing their large IT spending plans due to a weakening global economy amid inflationary pressure, higher interest rates and unfavorable forex. These do not bode well for industr ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...

Cadence Design Systems (CDNS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this maker of hardware and software products for validating chip designs have returned +12.1% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Computer - Software industry, to which Cadence belongs, has gained 5.4% over this period. Now the key question is: Whe ...

The industry’s first complete AI thermal design and analysis solution for electronic systems, Cadence® Celsius™ Studio addresses thermal analysis and thermal stress for 2.5D and 3D-ICs and IC packaging, in addition to electronics cooling for PCBs and complete electronic assemblies. (Graphic: Business Wire)The industry’s first complete AI thermal design and analysis solution for electronic systems, Cadence® Celsius™ Studio addresses thermal analysis and thermal stress for 2.5D and 3D-ICs and IC packaging, in ...

Cadence Design Systems (CDNS) closed the most recent trading day at $294.37, moving +1.25% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.Heading into today, shares of the maker of hardware and software products for validating chip designs had gained 6.74% over the past month, outpacing the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5% i ...