Cadence Design Systems, Inc. - Common Stock (CDNS)
293.33
+0.80 (0.27%)
NASDAQ · Last Trade: Jun 3rd, 5:02 PM EDT
Detailed Quote
Previous Close
292.53
Open
289.12
Bid
291.05
Ask
294.00
Day's Range
289.12 - 294.81
52 Week Range
221.56 - 328.99
Volume
1,617,222
Market Cap
81.19B
PE Ratio (TTM)
74.26
EPS (TTM)
4.0
Dividend & Yield
N/A (N/A)
1 Month Average Volume
1,925,887
Chart
About Cadence Design Systems, Inc. - Common Stock (CDNS)
Cadence Design Systems is a leading technology company that specializes in electronic design automation (EDA) software and engineering services. The company provides a comprehensive suite of tools and solutions that facilitate the design, verification, and implementation of integrated circuits and electronic systems. Cadence's offerings enable engineers to create innovative products across various industries, including consumer electronics, automotive, and telecommunications. By leveraging advanced algorithms and machine learning, Cadence helps customers improve their design efficiency, reduce time to market, and enhance the overall performance of their electronic products. Read More
Synopsys, Inc. (NASDAQ: SNPS) reported strong second-quarter results, beating revenue, gross profit, and adjusted EPS estimates. The company's outlook is also positive, with increased guidance for FY25. SNPS shares are up 4.23% premarket.
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) fell 5.2% in the afternoon session after the Trump administration told US companies that make software for designing semiconductor chips to stop selling to China. This instruction was aimed at restricting China's ability to develop advanced semiconductor chips, a critical area for artificial intelligence.
The regular session of the US market on Wednesday is now over, but let's get a preview of the after-hours session and explore the top S&P500 gainers and losers driving the post-market movements.
Trump's order to restrict chip sales to China causes Synopsys and Cadence stocks to drop. Move limits China's access to vital software for chip development.
CADENCE DESIGN SYS INC (NASDAQ:CDNS) shows strong growth fundamentals and a bullish technical setup, making it a stock to watch. Review the latest reports for deeper insights.
Market swings can be tough to stomach, and volatile stocks often experience exaggerated moves in both directions.
While many thrive during risk-on environments, many also struggle to maintain investor confidence when the ride gets bumpy.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
CADENCE DESIGN SYS INC (NASDAQ:CDNS) is a high-quality stock with strong revenue growth, exceptional ROIC, and solid financial health, making it a candidate for long-term investors.
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the design software industry, including Cadence (NASDAQ:CDNS) and its peers.
