CDNS Stock Recent News
CDNS LATEST HEADLINES
The latest trading day saw Cadence Design Systems (CDNS) settling at $269.69, representing a -1.86% change from its previous close.
Increasing competition in the EDA space, broader industry dynamics, and significant exposure to the semiconductor vertical remain concerns for CDNS.
The latest trading day saw Cadence Design Systems (CDNS) settling at $269.90, representing a +1.96% change from its previous close.
In the most recent trading session, Cadence Design Systems (CDNS) closed at $250.85, indicating a -1.29% shift from the previous trading day.
Tough competition, broader industry dynamics and significant exposure to the semiconductor vertical remain concerns for Cadence (CDNS).
Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?
Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Cadence Design Systems Inc. (NASDAQ: CDNS) has experienced a notable downturn recently, dropping over 23% in the past month, yet analysts at Piper Sandler see this as an opportunity. Analysts remain optimistic Upgrading the stock from Neutral to Overweight, they've maintained a bullish $318 price target, suggesting a potential 25% upside.
Cadence beat on revenue and adjusted earnings. Yet investors grew increasingly nervous about expensive AI stocks heading into the month.
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.