CDNS Cadence Design Systems Forecast, Technical & Fundamental Analysis

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

Industry PackagedSoftware

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CDNS

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Daily Signalchanged days ago

Gain/Loss if shorted

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(Try 14 days for $1 only)

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A.I. Advisor

published Earnings

CDNS is expected to report earnings to rise 13.28% to $1.45 per share on October 21

Cadence Design Systems CDNS Stock Earnings Reports

Q3'24

Est.

$1.45

Q2'24

Beat

by $0.05

Q1'24

Beat

by $0.04

Q4'23

Beat

by $0.04

Q3'23

Beat

by $0.06

The last earnings report on July 22 showed earnings per share of $1.28, beating the estimate of $1.23. With 1.18M 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 87% 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.

Ticker / NAME	Correlation To CDNS	1D Price Change %
CDNS	100%	-4.70%
SNPS - CDNS	87% Closely correlated	-7.38%
PDFS - CDNS	63% Loosely correlated	-7.39%
ADSK - CDNS	60% Loosely correlated	-0.22%
ANSS - CDNS	54% Loosely correlated	-3.86%
DSGX - CDNS	54% Loosely correlated	-1.24%
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Groups containing CDNS

Correlation & Price change

Ticker / NAME	Correlation To CDNS	1D Price Change %
CDNS	100%	-4.70%
CDNS (2 stocks)	94% Closely correlated	-0.20%
design (8 stocks)	89% Closely correlated	+0.99%
software (99 stocks)	75% Closely correlated	+0.43%
instrumentation (77 stocks)	72% Closely correlated	+0.15%
electronic components (24 stocks)	71% Closely correlated	+0.29%
More