Cadence Design Systems (CDNS) Shares are Up 0.12%

Cadence Design Systems (CDNS) has been under a strong bear grip, hence the stock is down -4.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.07% in the past 1 week. The stock has risen by 0.12% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.4% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.75% and the 50-Day Moving Average is 0.03%. Cadence Design Systems (NASDAQ:CDNS): On Fridays trading session , Opening price of the stock was $24.72 with an intraday high of $24.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.68. However, the stock managed to close at $24.71, a loss of 0.36% for the day. On the previous day, the stock had closed at $24.8. The total traded volume of the day was 1,182,023 shares.


The company Insiders own 2.7% of Cadence Design Systems shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.67% . Institutional Investors own 90.42% of Cadence Design Systems shares. During last six month period, the net percent change held by insiders has seen a change of -11.6%. Also, Needham downgrades its view on Cadence Design Systems (NASDAQ:CDNS) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 14, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *