CDNS Stock Recent News

Cadence (CDNS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Cadence Design Systems, Inc. CDNS is a leader in the electronic design automation ("EDA") space. The company's Intelligent System Design strategy aids users to transform design concepts into reality by offering computational software, hardware and IP.

Zacks.com users have recently been watching Cadence (CDNS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Cadence Design Systems (CDNS) closed at $268.65 in the latest trading session, marking a +1.08% move from the prior day.

On October 1, 2024, Paul Cunningham, Senior Vice President of Cadence Design Systems Inc (CDNS, Financial), sold 650 shares of the company at a price of $273.44 per share. The transaction was documented in an SEC Filing.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

The latest trading day saw Cadence Design Systems (CDNS) settling at $271.03, representing a -1.13% change from its previous close.

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence is collaborating with TSMC to enhance productivity and optimize product performance for AI-driven advanced-node silicon designs and 3D-ICs.

These two electronic design automation firms are used by all of today's leading chipmakers. Both companies form an oligopoly and have seen accelerating growth rates.

In the latest trading session, Cadence Design Systems (CDNS) closed at $273.32, marking a -0.28% move from the previous day.