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.Over the past month, shares of this maker of hardware and software products for validating chip designs have returned +9%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Computer - Software industry, which Cadence falls in, has gained 4.6%. The key question now is ...

Cadence Design Systems, Inc (CDNS) top-line performance is gaining from solid demand for its diversified product portfolio.Cadence offers products and tools that help customers design electronic products. The company’s core electronic design automation software and services enable engineers to develop different types of ICs.Solid financial performance has also led to a good run on the trading front.  The company’s shares have gained 55.3% in the past year compared with the sub-industry’s and S&P 500 Composi ...

Cadence Design Systems (CDNS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since ...

Cadence Design Systems (CDNS) recently took a leap forward in its’ multi-year agreement with NVIDIA Corporation (NVDA) to drive innovation across artificial intelligence (AI), system design and analysis, digital biology and Electronic Design Automation. The partners introduced two solutions which include an AI-driven digital twin platform. Apart from the twin platform, CDNS’ Orion platform will now have access to NVDA’s BioNeMo platform to fast-track drug discoveries.NVDA is the worldwide leader in visual c ...

Cadence Design Systems (CDNS) and Arm have teamed up to develop a chiplet-based reference design and software development platform aimed at advancing software-defined vehicle (SDV) innovation and advanced driver assistance systems (ADAS) applications.The collaboration aims to create a scalable chiplet architecture and interface interoperability to encourage industry collaboration, support heterogeneous integration, and drive system innovation in the automotive sector. The rise of ADAS and SDVs has fueled th ...

A month has gone by since the last earnings report for Cadence Design Systems (CDNS) . Shares have added about 5.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cadence due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Cadence Q4 Earnings & Revenues Top EstimatesCa ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Cadence Design Systems (CDNS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Cadence currently has an average brokerage recomm ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced a collaboration with Arm to deliver a chiplet-based reference design and software development platform to accelerate software-defined vehicle (SDV) innovation. The automotive reference design, initially for advanced driver assistance system (ADAS) applications, specifies a scalable chiplet architecture and interface interoperability to foster industry-wide collaboration, enable heterogeneous integration and expand ...

In the latest trading session, Cadence Design Systems (CDNS) closed at $305.74, marking a -0.93% move from the previous day. This change lagged the S&P 500's 0.11% loss on the day. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 0.41%.Heading into today, shares of the maker of hardware and software products for validating chip designs had lost 1.07% over the past month, lagging the Computer and Technology sector's gain of 1.42% and the S&P 500's gain of 2.7% in that ti ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is mad ...