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CDNS
Stock ticker: NASDAQ
AS OF
Apr 25, 04:59 PM (EDT)
Price
$289.75
Change
+$7.97 (+2.83%)
Capitalization
85.08B

CDNS Cadence Design Systems Forecast, Technical & Fundamental Analysis

Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products... Show more

CDNS
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for CDNS with price predictions
Apr 22, 2025

CDNS in upward trend: price may jump up because it broke its lower Bollinger Band on April 04, 2025

CDNS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 31 cases where CDNS's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 17, 2025. You may want to consider a long position or call options on CDNS as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CDNS just turned positive on April 10, 2025. Looking at past instances where CDNS's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CDNS advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

CDNS moved below its 50-day moving average on April 16, 2025 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CDNS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CDNS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (25.000) is normal, around the industry mean (30.788). P/E Ratio (81.699) is within average values for comparable stocks, (159.952). Projected Growth (PEG Ratio) (2.903) is also within normal values, averaging (2.707). Dividend Yield (0.000) settles around the average of (0.032) among similar stocks. P/S Ratio (20.833) is also within normal values, averaging (59.681).

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CDNS
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

CDNS is expected to report earnings to fall 20.74% to $1.49 per share on April 28

Cadence Design Systems CDNS Stock Earnings Reports
Q1'25
Est.
$1.49
Q4'24
Beat
by $0.06
Q3'24
Beat
by $0.20
Q2'24
Beat
by $0.05
Q1'24
Beat
by $0.04
The last earnings report on February 18 showed earnings per share of $1.88, beating the estimate of $1.82. With 2.41M shares outstanding, the current market capitalization sits at 85.08B.
A.I. Advisor
published General Information

General Information

a developer of integrated circuits and electronic devices and provides software services

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Electronic Production Equipment
Address
2655 Seely Avenue
Phone
+1 408 943-1234
Employees
11200
Web
https://www.cadence.com
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CDNS and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if CDNS jumps, then SNPS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CDNS
1D Price
Change %
CDNS100%
+6.16%
SNPS - CDNS
88%
Closely correlated
+3.95%
ANSS - CDNS
77%
Closely correlated
+2.51%
PDFS - CDNS
61%
Loosely correlated
+4.80%
CVLT - CDNS
60%
Loosely correlated
+6.23%
ORCL - CDNS
59%
Loosely correlated
+4.65%
More

Groups containing CDNS

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CDNS
1D Price
Change %
CDNS100%
+6.16%
CDNS
(3 stocks)
94%
Closely correlated
+1.96%