Cadence Design Systems In... (CDNS)

Cadence (CDNS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $347.24, denoting a -1.34% move from the preceding trading day.

CDNS posts strong free cash flow and rising revenues, fueling robust buybacks as AI and semiconductor demand drive growth.

CDNS deepens its TSMC alliance with AI-driven design, 3D-IC advances, new IP and key acquisitions to power next-gen chips.

BOSTON--(BUSINESS WIRE)--Cadence Molecular Sciences announced ROCS X, an AI-enabled virtual screening solution that conducts 3D searches of trillions of drug-like molecules.

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced major advancements in chip design and IP, driven by its long-standing relationship with TSMC, for AI and HPC customer applications.

Robotics is poised for robust long-term growth. Watch PATH, CDNS, NVDA and AMD for potential market dominance across sectors.

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $366.3, denoting a -1.89% move from the preceding trading day.

Zacks.com users have recently been watching Cadence (CDNS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Many who sold picks and shovels to mid-1800s gold miners made a lot more money than did their customers. As we know, many of the latter fared badly. We can speak similarly about AI. Many who sell pick...