Latest news with #CDNS
Yahoo
2 days ago
- Business
- Yahoo
Cadence Design Systems (CDNS) Gains But Lags Market: What You Should Know
Cadence Design Systems (CDNS) closed at $293.50 in the latest trading session, marking a +0.33% move from the prior day. The stock lagged the S&P 500's daily gain of 0.58%. Elsewhere, the Dow saw an upswing of 0.51%, while the tech-heavy Nasdaq appreciated by 0.81%. Shares of the maker of hardware and software products for validating chip designs have depreciated by 5.28% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.05% and the S&P 500's gain of 4.61%. The investment community will be paying close attention to the earnings performance of Cadence Design Systems in its upcoming release. The company is expected to report EPS of $1.57, up 22.66% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.26 billion, indicating a 18.8% upward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $6.76 per share and a revenue of $5.2 billion, demonstrating changes of +13.23% and +11.99%, respectively, from the preceding year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Cadence Design Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. As of now, Cadence Design Systems holds a Zacks Rank of #3 (Hold). Looking at valuation, Cadence Design Systems is presently trading at a Forward P/E ratio of 43.24. Its industry sports an average Forward P/E of 25.09, so one might conclude that Cadence Design Systems is trading at a premium comparatively. Also, we should mention that CDNS has a PEG ratio of 3.21. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer - Software industry currently had an average PEG ratio of 2.35 as of yesterday's close. The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 43, finds itself in the top 18% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Why Cadence Design Systems, Inc. (CDNS) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where Cadence Design Systems, Inc. (NASDAQ:CDNS) stands against other worst-performing stocks. Cadence Design dropped its share prices by 10.67 percent on Wednesday to finish at $288.61 apiece as reports that it was ordered by the US government to stop selling their software to China weighed down on investor sentiment. According to a report by the Financial Times, the Commerce Department instructed Cadence, alongside competitors Synopsis and Siemens EDA, to stop selling their designs to China. Synopsis, however, denied the report, saying it had not received any word from the government. An office of software engineers and designers collaborating on a digital project. The Chinese market was Cadence Design Systems, Inc.'s (NASDAQ:CDNS) fourth-largest market in terms of revenue mix, accounting for 11 percent of its revenues during the first quarter of the year. Americas remained the largest with 48 percent, followed by other Asian countries with 19 percent, and the EMEA (Europe, Middle East, and Africa) at 16 percent. If reports are true, the directive could significantly hurt the company's profits and margins in the future. Overall, CDNS ranks 6th on our list of worst-performing stocks. While we acknowledge the potential of CDNS our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDNS and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Cadence Design Systems (CDNS) is a Top-Ranked Growth Stock: Should You Buy?
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term. Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time. Based in San Jose, CA, Cadence Design Systems Inc is a leader in electronic system design space. The company's Intelligent System Design strategy aids users to transform design concepts into reality by offering computational software, hardware and IP. CDNS is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 13.2% year-over-year for the current fiscal year, with sales growth of 12%. Seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $6.76 per share for 2025. CDNS boasts an average earnings surprise of 6.7%. Looking at cash flow, Cadence Design Systems is expected to report cash flow growth of 17% this year; CDNS has generated cash flow growth of 5.2% over the past three to five years. With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CDNS should be on investors' short lists. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
U.S. May Tighten China Export Rules on Cadence (CDNS), Synopsys (SNPS)
On Thursday, Reuters reported that the U.S. Commerce Department has issued notification letters to several Electronic Design Automation (EDA) software companies, including Cadence Design Systems Inc. (NASDAQ:CDNS), Synopsys Inc. (NASDAQ:SNPS) and Siemens EDA, asking them to halt the supply of their technologies to China. Although no official statement or formal order has been issued, the report cites two individuals familiar with the matter as its source. The report added that companies seeking to continue exporting their EDA tools to China may be required to obtain new export licenses. The Commerce Department has not confirmed whether these notifications were sent, but told Reuters it is reviewing exports that are considered strategically important to China. In some cases, the Department has already suspended existing export licenses or imposed additional requirements while the review is underway. Both Synopsys and Cadence have denied receiving such notifications. However, if implemented, these restrictions could have a notable financial impact as China currently accounts for 12% to 14% of their annual revenue. Despite the uncertainty, Synopsys released strong second-quarter results for fiscal year 2025 and reaffirmed its full-year revenue guidance of approximately $6.8 billion. The company's management stated that they have received no new communication from the Bureau of Industry and Security (BIS), and their guidance reflects their current understanding of the export landscape. Synopsys provides end-to-end solutions for silicon-to-systems design, including EDA software, silicon IP, and system verification and validation. Cadence Design Systems specializes in computational software for semiconductor and systems design, and is a key player in the electronic systems design space. While we acknowledge the potential of CDNS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDNS and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Why Cadence Design Systems, Inc. (CDNS) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where Cadence Design Systems, Inc. (NASDAQ:CDNS) stands against other worst-performing stocks. Cadence Design dropped its share prices by 10.67 percent on Wednesday to finish at $288.61 apiece as reports that it was ordered by the US government to stop selling their software to China weighed down on investor sentiment. According to a report by the Financial Times, the Commerce Department instructed Cadence, alongside competitors Synopsis and Siemens EDA, to stop selling their designs to China. Synopsis, however, denied the report, saying it had not received any word from the government. An office of software engineers and designers collaborating on a digital project. The Chinese market was Cadence Design Systems, Inc.'s (NASDAQ:CDNS) fourth-largest market in terms of revenue mix, accounting for 11 percent of its revenues during the first quarter of the year. Americas remained the largest with 48 percent, followed by other Asian countries with 19 percent, and the EMEA (Europe, Middle East, and Africa) at 16 percent. If reports are true, the directive could significantly hurt the company's profits and margins in the future. Overall, CDNS ranks 6th on our list of worst-performing stocks. While we acknowledge the potential of CDNS our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDNS and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
