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.
CDNS against the S&P 500 components
| Window | Rank of 500 | Position | Gain | SPY gain |
|---|---|---|---|---|
| 1 day | #8 | +6.22% | +0.18% | |
| 1 week | #12 | +8.92% | -0.42% | |
| 1 month | #33 | +12.04% | +0.54% | |
| 3 months | #298 | -7.15% | +2.70% | |
| 6 months | #86 | +25.18% | +17.19% | |
| 1 year | #297 | -0.35% | +15.53% | |
| Overall | #47 | sum of the six window ranks, ranked again | ||
R500 ranks the stock's gain over each window against the S&P 500 components over the same window (#1 = best). Near-real-time during market hours.
Fundamentals Software - Application
| Metric | Value | Rank in S&P 500 | Rank in industry |
|---|---|---|---|
| Targeted Gain Median | 0.17 | #319 | #8 |
| fPE/tPE | 0.53 | #91 | #5 |
| PE/G | 2.48 | #392 | #14 |
| EV/Revenue | 15.77 | #22 | #2 |
| Gross Margin | 0.86 | #24 | #3 |
| Profit Margin | 0.24 | #109 | #6 |
| Revenue Growth | 0.24 | #90 | #3 |