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Should You Add Cadence Design Systems Inc (CDNS) Stock to Your Portfolio Friday?

Friday, September 22, 2023 02:42 PM | InvestorsObserver Analysts

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Should You Add Cadence Design Systems Inc (CDNS) Stock to Your Portfolio Friday?

The 92 rating InvestorsObserver gives to Cadence Design Systems Inc (CDNS) stock puts it near the top of the Technology sector. In addition to scoring higher than 94 percent of stocks in the Technology sector, CDNS’s 92 overall rating means the stock scores better than 92 of all stocks.

Overall Score - 92
CDNS has an Overall Score of 92. Find out what this means to you and get the rest of the rankings on CDNS!

What do These Ratings Mean?

Searching for the best stocks to invest in can be difficult. There are thousands of options and it can be confusing on what actually constitutes a great value. *Investors Observer* allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry. A score of 92 would rank higher than 92 percent of all stocks. Not only are these scores easy to understand, but it is easy to compare stocks to each other. You can find the best stock in technology or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.

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

Cadence Design Systems Inc (CDNS) stock has risen 0.97% while the S&P 500 is down -0.12% as of 2:35 PM on Friday, Sep 22. CDNS has risen $2.21 from the previous closing price of $228.58 on volume of 331,394 shares. Over the past year the S&P 500 is up 15.08% while CDNS has risen 42.18%. CDNS earned $3.25 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 70.93. Click Here to get the full Stock Report for Cadence Design Systems Inc stock.

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