Cadence Stock Is Challenging Its 50-Day Moving Average After Earnings. Should You Buy CDNS Here?
Cadence Design Systems (CDNS) stock pushed meaningfully higher on Feb. 18, after the electronic design automation (EDA) software giant silenced artificial intelligence (AI) disruption fears with a strong Q4 release. As investors cheered its better-than-expected 2026 earnings guidance, the company’s share price exploded up to challenge its 50-day moving average (MA) at the $311 level. A decisive break above this price may accelerate bullish momentum in the near term. Despite post-earnings surge, Cadence s ...