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Realtime updates for Cadence Design Systems [CDNS]

Exchange: NASDAQ Sector: Technology Industry: Software—Application
BUY
61.11%
return -5.27%
SELL
42.86%
return -11.07%
Last Updated28 Mar 2024 @ 16:00

-0.02% $ 311.28

SELL 380 min ago

@ $312.26

Issued: 28 Mar 2024 @ 11:30


Return: -0.31%


Previous signal: Mar 28 - 10:23


Previous signal: Buy


Return: 0.90 %

Live Chart Being Loaded With Signals

Commentary (28 Mar 2024 @ 16:00):
Our systems believe the stock currently is overvalued by 0.06% compare to its pairs and should correct downwards.
Profile picture for Cadence Design Systems Inc

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware...

Stats
Today's Volume 1.32M
Average Volume 1.54M
Market Cap 84.86B
EPS $0 ( 2024-02-12 )
Next earnings date ( $1.130 ) 2024-04-22
Last Dividend $0 ( N/A )
Next Dividend $0 ( N/A )
P/E 81.27
ATR14 $3.62 (1.16%)
Insider Trading
Date Person Action Amount type
2024-03-07 Plummer James D Sell 2 412 Common Stock
2024-03-15 Beckley Thomas P Buy 9 605 Common Stock
2024-03-15 Beckley Thomas P Sell 20 065 Common Stock
2024-03-15 Beckley Thomas P Buy 14 135 Non-Qualified Stock Option (right to buy)
2024-03-15 Cunningham Paul Buy 9 605 Common Stock
INSIDER POWER
-19.71
Last 100 transactions
Buy: 438 850 | Sell: 663 180
Correlation (AI algo v.1.1b): Overvalued: -0.06% $311.11 paired level. (The Algo Track The Changes Of The Most Correlated Stocks In Realtime And Give An Instant Update)

Volume Correlation

Long: 0.36 (neutral)
Short: -0.14 (neutral)
Signal:(40) Neutral

Cadence Design Systems Correlation

10 Most Positive Correlations
BRIVU0.969
AEAE0.969
PRLH0.966
IVCP0.966
HHGC0.963
LGVC0.963
PWUP0.962
FEXD0.961
OLED0.96
CBRG0.959
10 Most Negative Correlations
GSMG-0.963
YJ-0.959
EVLO-0.955
CREG-0.955
PIXY-0.955
ENNV-0.952
RPTX-0.946
JAGX-0.946
ALXO-0.946
CLFD-0.945

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Cadence Design Systems Correlation - Currency/Commodity

The country flag 0.48
( neutral )
The country flag -0.01
( neutral )
The country flag 0.07
( neutral )
The country flag 0.21
( neutral )
The country flag -0.40
( neutral )
The country flag -0.45
( neutral )

Cadence Design Systems Financials

Annual 2023
Revenue: $4.09B
Gross Profit: $3.64B (88.92 %)
EPS: $3.87
Q4 2023
Revenue: $1.07B
Gross Profit: $959.51M (89.79 %)
EPS: $1.200
Q3 2023
Revenue: $1.02B
Gross Profit: $913.51M (89.29 %)
EPS: $0.940
Q2 2023
Revenue: $976.58M
Gross Profit: $879.74M (90.08 %)
EPS: $0.820

Financial Reports:

No articles found.

Cadence Design Systems

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

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