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Should You Accumulate Cadence Design Systems Inc (CDNS) in Software - Application Industry?

Wednesday, October 20, 2021 01:42 PM | InvestorsObserver Analysts
Should You Accumulate Cadence Design Systems Inc (CDNS) in Software - Application Industry?

The 60 rating InvestorsObserver gives to Cadence Design Systems Inc (CDNS) stock puts it near the top of the Software - Application industry. In addition to scoring higher than 93 percent of stocks in the Software - Application industry, CDNS’s 60 overall rating means the stock scores better than 60 percent of all stocks.

Overall Score - 60
CDNS has an Overall Score of 60. 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. This ranking system incorporates numerous factors used by analysts to compare stocks in greater detail. This allows you to find the best stocks available in any industry with relative ease. These percentile-ranked scores using both fundamental and technical analysis give investors an easy way to view the attractiveness of specific stocks. Stocks with the highest scores have the best evaluations by analysts working on Wall Street.

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

Cadence Design Systems Inc (CDNS) stock is trading at $159.91 as of 1:32 PM on Wednesday, Oct 20, a rise of $1.08, or 0.68% from the previous closing price of $158.83. The stock has traded between $159.85 and $161.71 so far today. Volume today is low. So far 481,178 shares have traded compared to average volume of 1,070,482 shares. Click Here to get the full Stock Report for Cadence Design Systems Inc stock.

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