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Is Cadence Design Systems Inc (CDNS) a Bad Choice in Software - Application Friday?

Friday, December 31, 2021 11:47 AM | InvestorsObserver Analysts
Is Cadence Design Systems Inc (CDNS) a Bad Choice in Software - Application Friday?

Cadence Design Systems Inc (CDNS) is near the top in its industry group according to InvestorsObserver. CDNS gets an overall rating of 61. That means it scores higher than 61 percent of stocks. Cadence Design Systems Inc gets a 96 rank in the Software - Application industry. Software - Application is number 127 out of 148 industries.

Overall Score - 61
CDNS has an Overall Score of 61. Find out what this means to you and get the rest of the rankings on CDNS!

What do These Ratings Mean?

Finding the best stocks can be tricky. It isn’t easy to compare companies across industries. Even companies that have relatively similar businesses can be tricky to compare sometimes. InvestorsObserver’s tools allow a top-down approach that lets you pick a metric, find the top sector and industry and then find the top stocks in that sector. Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes


’s overall rating a great way to get started, regardless of your investing style. Percentile-ranked scores are also easy to understand. A score of 100 is the top and a 0 is the bottom. There’s no need to try to remember what is “good” for a bunch of complicated ratios, just pay attention to which numbers are the highest.

What's Happening With Cadence Design Systems Inc Stock Today?

Cadence Design Systems Inc (CDNS) stock is trading at $185.51 as of 11:43 AM on Friday, Dec 31, a loss of -$2.74, or -1.46% from the previous closing price of $188.25. The stock has traded between $184.93 and $187.69 so far today. Volume today is less active than usual. So far 449,330 shares have traded compared to average volume of 1,459,330 shares. Click Here to get the full Stock Report for Cadence Design Systems Inc stock.

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