Cadence Design Systems (CDNS) : During the past 4 weeks, traders have been relatively bearish on Cadence Design Systems (CDNS), hence the stock is down -1.04% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.75% relative to the S&P 500. The 4-week change in the price of the stock is -3.04% and the stock has fallen -3.23% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.19% and the 50-Day Moving Average is 3.37%.The 200 Day SMA reached 5.18% Cadence Design Systems Inc. has dropped 0.12% during the last 3-month period . Year-to-Date the stock performance stands at 16.43%.
Cadence Design Systems (CDNS) : Currently there are 6 street experts covering Cadence Design Systems (CDNS) stock. The most bullish and bearish price target for the stock is $30 and $24 respectively for the short term. The average price target of all the analysts comes to $27.17. The estimated standard deviation from the target is $2.32.
For the current week, the company shares have a recommendation consensus of Buy. Cadence Design Systems (NASDAQ:CDNS): stock was range-bound between the intraday low of $24.2 and the intraday high of $24.9 after having opened at $24.81 on Fridays session. The stock finally closed in the red at $24.81, a loss of -2.42%. The stock remained in the red for the whole trading day. The total traded volume was 4,874,403 shares. The stock failed to cross $24.9 in Fridays trading. The stocks closing price on Thursday was $24.23.
Cadence Design Systems, Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Companys SDE product offerings include electronic design automation (EDA), software, emulation and prototyping hardware, and two categories of intellectual property (IP) verification IP (VIP) and design IP. The Company provides maintenance for its software, emulation hardware and IP product offerings. It also provides engineering services related to methodology, education, hosted design solutions and design services for ICs and development of custom IP. The companys customers include electronics systems and semiconductor companies, Internet service providers and other technology companies that deliver a range of electronics products in market segments, such as mobile and consumer devices, communications, cloud and data center infrastructure, medical systems and other devices.