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Where Does Cadence Design Systems Inc (CDNS) Stock Fall in the Software - Application Field After It Is Up 0.10% This Week?

Friday, June 09, 2023 02:47 PM | InvestorsObserver Analysts

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Where Does Cadence Design Systems Inc (CDNS) Stock Fall in the Software - Application Field After It Is Up 0.10% This Week?

Cadence Design Systems Inc (CDNS) is near the top in its industry group according to InvestorsObserver. CDNS gets an overall rating of 73. That means it scores higher than 73 percent of stocks. Cadence Design Systems Inc gets a 97 rank in the Software - Application industry. Software - Application is number 76 out of 148 industries.

Overall Score - 73
CDNS has an Overall Score of 73. 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. InvestorsObserver allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry. A score of 73 would rank higher than 73 percent of all stocks.
Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver’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 $229.93 as of 2:32 PM on Friday, Jun 9, an increase of $1.85, or 0.81% from the previous closing price of $228.08. The stock has traded between $228.70 and $232.59 so far today. Volume today is below average. So far 601,089 shares have traded compared to average volume of 1,815,613 shares. Click Here to get the full Stock Report for Cadence Design Systems Inc stock.

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