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 ...

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 +4% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Computer - Software industry, to which Cadence belongs, has gained 0.1% over this period. Now the key question is: Where ...

Cadence Design Systems (CDNS) announced its plan to acquire a leading provider of engineering simulation solutions — BETA CAE Systems International AG. The acquisition will likely enhance Cadence's Intelligent System Design strategy by broadening its range of multiphysics system analysis offerings and helping Cadence enter into the structural analysis sector.The deal involves Cadence paying approximately $1.24 billion, with 60% of the consideration in cash and 40% to be paid through the issue of Cadence sto ...

Key TakeawaysCadence Design Systems said Tuesday it will acquire BETA CAE Systems International AG for $1.24 billion in cash and stock.The deal will help give Cadence access to BETA CAE's simulation and analysis software.BETA CAE's simulations and analysis software is used by a number of companies including General Motors, Honda, and Lockheed Martin. Cadence Design Systems (CDNS) said Tuesday it will acquire BETA CAE Systems for $1.24 billion in cash and stock. The deal will give Cadence access to BETA CAE’ ...

Cadence Design Systems Inc (NASDAQ: CDNS) opened in the red on Tuesday after announcing plans of buying BETA CAE Systems International for $1.24 billion.Why is Cadence buying BETA CAE?Copy link to sectionThe computational software company will pay 40% of the consideration in stock and the remaining in cash. Cadence expects the BETA CAE acquisition to help boost growth at its intelligence system design business. Anirudh Devgan – chief executive of the Nasdaq-listed firm said in a press release today:[The acq ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions. The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, ...