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Cadence Stock Is Challenging Its 50-Day Moving Average After Earnings. Should You Buy CDNS Here?
Yahoo Finance· 2026-02-18 20:33
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 ...