Key Details
Price
$304.90Annual ROE
33.86%Beta
1.88Events Calendar
Next earnings date:
Feb 12, 2025Recent quarterly earnings:
Oct 28, 2024Recent annual earnings:
Feb 12, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
Nov 17, 1997Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
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Institutional Ownership
Cadence (CDNS) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
Cadence (CDNS) has been getting a lot of interest from users on Zacks.com recently. Because of this, it's important to understand the factors that could affect the stock's future.
Cadence (CDNS) has recently become a popular stock among Zacks.com users. Therefore, it's important to look into what the future holds for this stock.
Cadence Design has shown consistent growth and profitability over the years.
Look into Cadence's (CDNS) global revenue patterns and how these figures influence Wall Street's predictions and the future of the stock. Understanding these trends can provide insights into the company's performance and potential growth.
I am recommending Cadence Design Systems stock as a buy for investors looking at the mid to long term. The company is likely to experience improved revenue growth in 2025 and 2026 due to the rise of AI and the growing demand for EDA providers, a sector where it leads alongside Synopsys. The EDA market is projected to expand at a compound annual growth rate of 9.40% from 2024 to 2032, reaching $35.88 billion.
On Tuesday, Cadence Design Systems (CDNS) saw its shares rise over 12%, making it the best-performing stock in the S&P 500 for the day. This increase followed the company's impressive quarterly results and an upgrade to its full-year forecast.
Cadence exceeded expectations for its Q3 earnings, and the management predicts an even stronger performance in Q4.
Investors frequently depend on analyst recommendations when choosing to buy, sell, or hold a stock. Changes in ratings from these analysts, who work for brokerage firms, can impact a stock's price, but how significant are they really?
VF Corp., Cadence, and F5 have all seen good gains in the after-market today after reporting better-than-expected earnings.
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