Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?
Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Robust end-market demand and opportunities presented by the rapid proliferation of AI are positives for Cadence but the external risks warrant caution.
When thinking about innovative companies that are trying fervently to stay ahead of the competition, research and development (R&D) spending is a key indicator of this ethos. Often quoted as a percentage of revenue, R&D spending is a driving force for many companies, especially those in the technology sector.
Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Loop Capital initiated coverage of Cadence Design with a Buy rating and $360 price target. Semiconductor design companies represent " miners for chip-design gold" as some succeed while others fail to strike chip-design gold, the analyst tells investors in a research note. Investment into EDA, or electronic design automation, and IP companies like CDNS is an ideal way to hedge against this trend in chip design redundancy, Loop added.
Loop Capital initiated coverage of Cadence Design with a Buy rating and $360 price target.
Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Cadence Design has demonstrated years of profitable expansion.
Explore Cadence's (CDNS) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
I'm initiating Cadence Design Systems stock with a buy for mid to long-term investors. Cadence should see better top-line growth in 2025 and 2026 on the back of AI adoption and the increased need for EDA providers, a market that it dominates alongside Synopsys. The EDA market is expected to grow at a CAGR of 9.40% from 2024 to 2032 to $35.88 billion.
Shares of Cadence Design Systems (CDNS) shares climbed more than 12% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic design automation firm posted strong quarterly results and boosted its full-year guidance.