In the latest trading session, Cadence Design Systems (CDNS) closed at $319.6, marking a +1.04% move from the previous day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Cadence (CDNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cadence is a leader in EDA and is increasingly focused on digital and AI applications and implementations. Excellent design, simulation and verification functionality, locked-in customers and strategic alliances are clear Cadence strengths. Company financials are robust and risks manageable. Leadership is strong and decisive.
Cadence Design Systems (CDNS) reached $314.58 at the closing of the latest trading day, reflecting a -1.09% change compared to its last close.
Zacks.com users have recently been watching Cadence (CDNS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Cadence unveils first LPDDR6/5X IP at 14.4Gbps, powering AI, HPC & mobile amid booming demand, tight margins and a new Samsung deal.
Cadence Design Systems CDNS stock has rallied 23.8% over the past three months. The stock closed last trading session at $322.66 and is now closer to its 52-week high of $330.09.
Cadence Design Systems (CDNS) reached $320.3 at the closing of the latest trading day, reflecting a -1.99% change compared to its last close.
The Trump administration has reversed restrictions on exporting chip design software to China, a move tied to efforts to ease US-China trade tensions following a deal reached in London. American firms Cadence Design Systems Inc (NASDAQ:CDNS) and Synopsys Inc (NASDAQ:SNPS, ETR:SYP), along with Germany's Siemens, confirmed the US Commerce Department had lifted controls introduced in May.
Siemens, Synopsys and Cadence said the U.S. has lifted export controls restricting sales and business in China.
The United States government has lifted restrictions on exports of chip design software to China, sending shares of top sector players higher on Thursday morning. The three leading chip design software players - Synopsys Inc (NASDAQ:SNPS, ETR:SYP), Cadence Design Systems Inc (NASDAQ:CDNS) and Siemens - were all notified by the US Commerce Department that the restrictions introduced in May have been rescinded.