CDNS
Cadence Design Systems, Inc. · Technology · Software - Application
ZACKSBuyTECHStrong Buy
R500#8 today
$350.73
+6.22% today · +8.92% 1W
Oct 1 close or latest
PreviewWhy it's moving
Outperforming without a clear catalyst yet
- CDNS +6.22% on the last session vs SPY +0.18%: +6.0 pts of stock-specific move.
- 2 insider or congressional trades in the past 30 days.
- Market backdrop (Wed): Core PCE Price Index m/m 0.2% vs 0.3% expected (cooler); Final GDP q/q 2.2% vs 1.5% expected (stronger); S&P futures +0.18%, 10-year yield +0bp in the 30 minutes after.
Assembled from Wallsti's own signals. The news-reading agent will explain the move with timestamped sources, and say so when there is no clear catalyst.
Key facts
- Market cap
- $96.8B
- Held by institutions
- 91.6%
- Short interest
- 1.6%
- 52-week range
- 262.75–416.69
- Analyst mean target
- —
- Forward P/E
- 36.8