Resistance Level Break outA break out to the upside of the resistance level may signal a trend reversal.
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3.60EUR
943.29 MEUR
3.71 BEUR
269.43 M
About Cadence Design Systems, Inc.
Sector
Industry
CEO
Anirudh Devgan
Website
Headquarters
San Jose
Employees (FY)
11.2 K
Founded
1988
FIGI
BBG011RJC8L1
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
Cadence Design Systems Stock Slides On Weak Q2 GuidanceCadence Design Systems ( NASDAQ:CDNS ), a San Jose-based electronic design automation software manufacturer, has released its first-quarter financial results. The company reported adjusted earnings of $1.17 per share on sales of $1.01 billion, beating FactSet's estimated earnings of $1.13 per share
CDNS a chip design software company LONGCDNS located in California is a software firm supporting computer assisted design ( ACAD) for
the semi-conductor industry. While its customer base gets the headlines, this company helps
make it happen. The 120 minute chart looks good as price is uptrending with good volume
and relative strength.
CDNSCadence Design Systems, Inc., headquartered in San Jose, California, is an American multinational computational software company, founded in 1988 by the merger of SDA Systems and ECAD, Inc.
Potential swing long.
CDNS: healthy correction?A price action below 271.00 supports a bearish trend direction.
Crossing below 267.00 will trigger further support for the short-sell position.
The target price is set at 256.00 (its 38.2% Fibonacci retracement level).
The stop-loss is set at 282.00 (just above the full retracement).
A "healthy cor
Potential Short on CDNS
CDNS is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL above last swing high, moving SL to BE when safe to do so.
CDNS - Short Setup Looking for a break below 221.93, potential stop signal above 230.23, potential target 1: 201.53 (200sma) target 2: 152.23 // Insider selling during June July and August. (Disclosure : I own Sep $230 Puts in CDNS currently)
CDNS Entry, Volume, Target, StopEntry: with price above 239.90
Volume: with volume greater than 3.32M
Target: 257.5 area
Stop: Depends on your risk tolerance; Based on an entry of 239.91, a stop of 232.84 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical a
Cadence Design Systems(CDNS-Q)They make software that helps semis companies design their chips. Is up 382% in the past 5 years, outperforming the market. Up 27% YTD even after pulling back the past month.
CDNS - Similar W Continuation PatternsIntitial W is the same yet a little bit smaller
It provided a lane for price to extend a lot during the right arm of the W
The second one is currently experiencing the right arm of the W and looks to extend like the first
Bullish fractal
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Frequently Asked Questions
The current price of CDNS is 269.55 EUR — it has increased by 0.06% in the past 24 hours. Watch CADENCE DESIGN SYS INC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on VIE exchange CADENCE DESIGN SYS INC stocks are traded under the ticker CDNS.
CDNS stock has fallen by 1.71% compared to the previous week, the month change is a 2.33% rise, over the last year CADENCE DESIGN SYS INC has showed a 23.08% increase.
We've gathered analysts' opinions on CADENCE DESIGN SYS INC future price: according to them, CDNS price has a max estimate of 323.98 EUR and a min estimate of 259.18 EUR. Watch CDNS chart and read a more detailed CADENCE DESIGN SYS INC stock forecast: see what analysts think of CADENCE DESIGN SYS INC and suggest that you do with its stocks.
CDNS reached its all-time high on Mar 21, 2024 with the price of 301.00 EUR, and its all-time low was 115.50 EUR and was reached on Feb 22, 2022. View more price dynamics on CDNS chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
CDNS stock is 0.06% volatile and has beta coefficient of 1.72. Track CADENCE DESIGN SYS INC stock price on the chart and check out the list of the most volatile stocks — is CADENCE DESIGN SYS INC there?
Today CADENCE DESIGN SYS INC has the market capitalization of 73.48 B, it has increased by 1.43% over the last week.
Yes, you can track CADENCE DESIGN SYS INC financials in yearly and quarterly reports right on TradingView.
CADENCE DESIGN SYS INC is going to release the next earnings report on Jul 22, 2024. Keep track of upcoming events with our Earnings Calendar.
CDNS earnings for the last quarter are 1.08 EUR per share, whereas the estimation was 1.04 EUR resulting in a 3.93% surprise. The estimated earnings for the next quarter are 1.14 EUR per share. See more details about CADENCE DESIGN SYS INC earnings.
CADENCE DESIGN SYS INC revenue for the last quarter amounts to 935.22 M EUR despite the estimated figure of 928.87 M EUR. In the next quarter revenue is expected to reach 964.86 M EUR.
CDNS net income for the last quarter is 229.51 M EUR, while the quarter before that showed 293.46 M EUR of net income which accounts for −21.79% change. Track more CADENCE DESIGN SYS INC financial stats to get the full picture.
No, CDNS doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of May 30, 2024, the company has 11.20 K employees. See our rating of the largest employees — is CADENCE DESIGN SYS INC on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. CADENCE DESIGN SYS INC EBITDA is 1.24 B EUR, and current EBITDA margin is 34.59%. See more stats in CADENCE DESIGN SYS INC financial statements.
Like other stocks, CDNS shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade CADENCE DESIGN SYS INC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So CADENCE DESIGN SYS INC technincal analysis shows the neutral today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating CADENCE DESIGN SYS INC stock shows the buy signal. See more of CADENCE DESIGN SYS INC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.