Cadence Design Systems, Inc.

(NASDAQ Global Select)
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Bullish +65

Cadence Design Systems (CDNS) Outperforms Broader Market: What You Need to Know - Yahoo Finance

Analyst upgrade AI-generated analysis

πŸ“ˆ CDNS shares closed at $325.68, gaining 1.93% and outperforming the S&P 500's daily gain of 0.41%.

πŸš€ The stock has appreciated 12.94% over the past month while the Computer and Technology sector declined 0.92%.

πŸ“… Earnings are projected for October 26, 2026, with consensus EPS estimates of $2.04 (up 5.7%).

πŸ’° Revenue is forecast at $1.61 billion for the quarter, representing a 20.27% increase year-over-year.

πŸ“ˆ Full-year earnings are expected to reach $8.13 per share with revenue of $6.32 billion.

πŸ† The company maintains a Zacks Rank of #2 (Buy) based on recent upward revisions in analyst estimates.

πŸ’Ή CDNS trades at a Forward P/E ratio of 39.28, significantly above the industry average of 16.4.

Bullish Signals
  • Shares outperformed the broader market with a 1.93% gain while the S&P 500 rose only 0.41%.
  • Stock gained 12.94% over the past month despite a sector-wide decline in the Computer and Technology industry.
  • Analyst consensus projects quarterly revenue of $1.61 billion, a substantial 20.27% increase from the prior year.
  • Full-year earnings are expected to grow by 13.87% to $8.13 per share according to Zacks estimates.
  • Recent upward revisions in analyst estimates have reinforced the company's #2 (Buy) Zacks Rank.
Full Analysis
Cadence Design Systems (CDNS) shares closed the previous trading session at $325.68, rising 1.93% and significantly outperforming the broader S&P 500 and Nasdaq indices. Over the past month, CDNS stock has gained 12.94%, contrasting with a decline in the Computer and Technology sector during the same period. Analysts are anticipating Cadence Design Systems' upcoming earnings release scheduled for October 26, 2026. Consensus estimates project quarterly earnings per share of $2.04, representing a 5.7% year-over-year increase, alongside net sales of $1.61 billion, which would mark a 20.27% rise from the prior year. Full-year projections indicate earnings of $8.13 per share and revenue of $6.32 billion, reflecting anticipated growth rates of +13.87% and +19.31%, respectively. The company currently holds a Zacks Rank of #2 (Buy) and trades at a Forward P/E ratio of 39.28, which is notably higher than the industry average of 16.4.