From Nasdaq: 2025-06-09 17:50:00

Cadence Design Systems (CDNS) closed at $301.66, up 1.59% from the previous day, outperforming the S&P 500. The stock had lost 2.89% in the past month, trailing the sector and S&P 500 gains. The company is expected to report an EPS of $1.57 and revenue of $1.26 billion, with full-year estimates projecting earnings of $6.76 per share and revenue of $5.2 billion.

Investors should keep an eye on Cadence Design Systems’ upcoming earnings report, with analysts anticipating positive growth trends. The stock currently holds a Zacks Rank of #3 (Hold), with a Forward P/E ratio of 43.9 and a PEG ratio of 3.26. The Computer – Software industry is ranked 32 out of 250+ industries, highlighting its strong position.

Zacks experts have named a top stock pick with the potential to double in value, targeting millennial and Gen Z audiences. The company generated nearly $1 billion in revenue last quarter, presenting a compelling investment opportunity. Interested investors can access more stock recommendations and analysis on Zacks.com to stay informed about market trends and opportunities.



Read more at Nasdaq: Why Cadence Design Systems (CDNS) Outpaced the Stock Market Today