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 ...

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.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Cadence Design Systems (CDNS) , which belongs to the Zacks Computer - Software industry, could be a great candidate to consider.When looking at the last two reports, this maker of hardware and software products for validating chip designs has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.76%, on averag ...

Cadence Design Systems (CDNS) unveiled a new set of applications designed to enhance the capabilities of its flagship Palladium Z2 Enterprise Emulation System.The applications are domain-specific apps that are tailored to help customers navigate the increasing complexity of system design, boosting system-level accuracy and expediting low-power verification for advanced applications like artificial intelligence, machine learning, hyperscale, and mobile technologies.The Cadence applications and updates delive ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced a new portfolio of applications that significantly enhance the capabilities of its flagship Palladium® Z2 Enterprise Emulation System. These domain-specific apps allow customers to manage increasing system design complexity, improving system-level accuracy and accelerating low-power verification for advanced applications, such as artificial intelligence and machine learning (AI/ML), hyperscale and mobile. Today ...

As AI went from short-term hype to an enduring trend, the world became aware of how important electronic design automation (EDA) software is in 2023. EDA is a type of computer-aided design suite specifically for chips and computing systems. To start 2024, industry leader Cadence Design Systems (CDNS 0.64%) is making an acquisition to double down on its most critical EDA-related services: custom silicon design.The company being acquired is a small engineering team called Invecas, which will be added to Caden ...