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CDNS
Stock ticker: NASDAQ
AS OF
Apr 4, 04:59 PM (EDT)
Price
$232.87
Change
-$16.04 (-6.44%)
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 01, 2025

CDNS's RSI Oscillator ascending out of oversold territory

The RSI Oscillator for CDNS moved out of oversold territory on March 12, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 01, 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 March 14, 2025. Looking at past instances where CDNS's MACD turned positive, the stock continued to rise in of 50 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 354 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where CDNS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The 50-day moving average for CDNS moved below the 200-day moving average on March 12, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an 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 .

The Aroon Indicator for CDNS entered a downward trend on March 20, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average 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 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 (30.825). P/E Ratio (81.699) is within average values for comparable stocks, (159.055). Projected Growth (PEG Ratio) (2.903) is also within normal values, averaging (2.727). 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 (59.113).

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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 1.58M 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 86% 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%
-6.05%
SNPS - CDNS
86%
Closely correlated
-4.74%
ANSS - CDNS
73%
Closely correlated
-3.26%
PDFS - CDNS
57%
Loosely correlated
-8.77%
CVLT - CDNS
53%
Loosely correlated
-8.11%
ORCL - CDNS
51%
Loosely correlated
-5.92%
More

Groups containing CDNS

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CDNS
1D Price
Change %
CDNS100%
-6.05%
CDNS
(3 stocks)
93%
Closely correlated
-7.08%