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Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Shares of electronic design automation company Cadence Design Systems (CDNS -10.44%) dropped late Wednesday, finishing the day down 10.4%.
Shares of semiconductor software design companies Cadence and Synopsys were falling hard on the news.
Live Updates Live Coverage Updates appear automatically as they are published. What’s Priced In 1:58 pm Synopsys enters earnings with momentum and strong buy-side support. The stock is up 14% this month and near record highs, reflecting investor confidence in AI chip design tailwinds and predictable cash flow generation. Analyst sentiment is overwhelmingly bullish, with most firms rating SNPS a Buy and few visible bear cases. But with the stock already priced for high-teens growth and 80%+ gross margins, the room for upside depends on the strength of forward guidance and clarity on the Ansys deal. What’s priced in now is continued high-single-digit to low-double-digit revenue growth, clean margin execution, and minimal integration risk from Ansys. The stock could break higher if Synopsys beats on EPS and shows clear visibility into 2H bookings, especially in AI-specific workloads. A surprise expansion in licensing or EDA demand tied to generative AI models — or a new design win i
Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?
US stocks have been in a sharp uptrend ever since President Trump announced a 90-day truce with China that significantly trims reciprocal tariffs the two nations had imposed on each other's items. The rally has even pushed a handful of the American tech stocks into the ‘overbought' territory.
Joining Microsoft and ServiceNow on the IBD Long-Term Leaders list, Cadence Design Systems taps AI and Nvidia tech to target a breakout.
Strong AI demand, strategic acquisitions and solid guidance are positives for CDNS amid macro headwinds and premium valuation.
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.