CDNS Stock Recent News
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Cadence Design Systems (CDNS) reachead $306.36 at the closing of the latest trading day, reflecting a -1.85% change compared to its last close.
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The latest trading day saw Cadence Design Systems (CDNS) settling at $311.34, representing a -1.48% change from its previous close.
Cadence Design Systems is one of the market leaders in electronic design automation software for chips, ICs, and PCBs. The company benefits from strong secular tailwinds and high barriers to entry in the EDA market. Cadence has strong pricing power due to high switching costs and generates significant recurring revenue.
Cadence Design Systems (CDNS) concluded the recent trading session at $322.80, signifying a +1.87% move from its prior day's close.
Broad markets are breaking out to new highs, and so are the leading Artificial Intelligence stocks. Although some investors may think of the providers of AI software like Microsoft MSFT or Alphabet GOOGL , the real winners of this new trend are the semiconductor producers.
We have narrowed our search to five technology behemoths that have provided double-digit returns year to date. These are META, NVDA, CDNS, SNPS and VEEV.
Recently, Zacks.com users have been paying close attention to Cadence (CDNS). This makes it worthwhile to examine what the stock has in store.
The demand for Cadence's (CDNS) product portfolio is driven by accelerated design activity owing to transformative trends, such as generative AI, hyperscale computing, 5G and autonomous driving.