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CDNS

Cadence Design Systems (CDNS) AnalysisTechnological Advancements and Market Position: Cadence Design Systems NASDAQ:CDNS is well-positioned for growth due to recent technological advancements and its strategic market position. The launch of the Millennium M1 supercomputer, likely powered by Nvidia GPUs, is expected to enhance Cadence's stock value. Leadership in Semiconductor Design Software: As a leader in semiconductor design software, Cadence dominates the Electronic Design Automation (EDA) sector alongside Synopsys. Cadence's superior financial health and profit margins provide a competitive edge, allowing it to further strengthen its market dominance while Synopsys integrates recent acquisitions. CEO Insights and Strategic Vision: CEO Anirudh Devgan highlighted exceptional 2023 results driven by innovative solutions and the Intelligent System Design strategy, emphasizing opportunities in AI and 3D-IC technologies. Investment Outlook: Bullish Outlook: We maintain a bullish stance on CDNS above the $285.00-$288.00 range. Upside Potential: With an upside target set at $400.00-$405.00, investors should consider Cadence's technological leadership, strong financial position, and strategic growth initiatives as key drivers for potential stock appreciation. 📊🖥️ Stay updated on Cadence Design Systems for promising investment opportunities! #CDNS #SemiconductorDesign 📈🔍
NASDAQ:CDNSLong
by Richtv_official
Cadence Design Systems Stock Slides On Weak Q2 GuidanceCadence Design Systems ( NASDAQ:CDNS ), a San Jose-based electronic design automation software manufacturer, has released its first-quarter financial results. The company reported adjusted earnings of $1.17 per share on sales of $1.01 billion, beating FactSet's estimated earnings of $1.13 per share on sales of $1 billion. However, compared to the same period last year, the company's earnings fell by 9%, while sales decreased by 1%. This marks the company's first quarterly sales decline in more than eight years and the first decline in earnings on a year-over-year basis in nine quarters. Despite the positive first-quarter results, Cadence's ( NASDAQ:CDNS ) second-quarter guidance is below expectations. The company is forecasting adjusted earnings of $1.22 per share on sales of $1.04 billion, below analysts' predictions of $1.43 per share on sales of $1.11 billion. In the year-ago period, the company earned adjusted earnings of $1.22 per share on sales of $977 million. Cadence's CFO, John Wall, stated that the company had achieved a record Q1 backlog of approximately $6 billion, and the company had made two major acquisitions in the first quarter. On January 8th, Cadence ( NASDAQ:CDNS ) announced its acquisition of Invecas, a provider of design engineering, embedded software and system-level solutions, while on March 5th, the company announced its plan to purchase BETA CAE Systems International, a system analysis platform provider of multi-domain, engineering simulation solutions, for $1.24 billion. In response to Cadence's Q2 guidance, NASDAQ:CDNS stock plummeted by 9.3% to $258.60 in after-hours trading but shortly surged by 1.7% in Pre-market trading on Tuesday. The company's full-year outlook remains positive, with adjusted earnings of $5.93 per share on sales of $4.59 billion, matching FactSet's estimates. Last year, Cadence ( NASDAQ:CDNS ) earned adjusted earnings of $5.15 per share on sales of $4.09 billion. The stock has a Relative Strength Index (RSI) of 35.30 siting weak momentum from ( NASDAQ:CDNS ) stock
NASDAQ:CDNSLong
by DEXWireNews
CDNS a chip design software company LONGCDNS located in California is a software firm supporting computer assisted design ( ACAD) for the semi-conductor industry. While its customer base gets the headlines, this company helps make it happen. The 120 minute chart looks good as price is uptrending with good volume and relative strength. Earnings have been solid and another is around the corner. Price has appreciated 40% in six months. the trend angle of 13 degrees over the continuous uptrend is solid. I see this as a buy now before the earnings or after a minor correction to get a bit of a discount.
NASDAQ:CDNSLong
by AwesomeAvani
CDNS Entry, Volume, Target, StopEntry: with price above 239.90 Volume: with volume greater than 3.32M Target: 257.5 area Stop: Depends on your risk tolerance; Based on an entry of 239.91, a stop of 232.84 gets you 3/1 Reward to Risk Ratio. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:CDNSLong
by tradepatiently
SOX Update (daily chart)SOX has been diverging from SPY last couple of days, which is unusual. SOX had 50/200 EMA xover Friday. SOX is extended, could pull back to prior swing high at 2913 (-3.25%) where there is good support. Watch these tech stocks with earnings coming up next 10 days, all daily charts look bullish (except CSCO, which is debatable). All also have positive point & figure price targets (from Stockcharts.com). ADI (2/15), ADSK (2/13), AMAT(2/16), ANET (2/13), CDNS (2/13), CSCO(2/15), KEYS (2/21), NVDA(2/22). RSI(9) has been trending up since 1/9. As long as daily RSI(9) stays above 50%, trend may continue.
NASDAQ:SOXLong
by UnknownUnicorn13101
Cadence Design Syst | Short to SupportCadence Design Systems ( NASDAQ:CDNS ) doesn't look very strong and is starting to regain downward momentum. If it doesn't break through the resistance line ($156-$158) in the coming weeks, I anticipate it will close the tiny gap between $136.96 and $137.11 and then test support near $125-$126 (if not lower to $120 - dotted blue line). Death cross started in early March with the 50 EMA crossing below to the 200 EMA. P/E 59.8 and insiders continue to sell.
NASDAQ:CDNSShort
by NicksAnalysis
CDNS - Another Tech is Approaching Deep Correction?Is it time for overpriced tech stocks like Cadence Design Systems , specialising in software and hardware, to go into considerable correction to let some steam out? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years Profit margin - 23% in 2021 but dropped from 42% in 2020 P/E - extremely overpriced with 56x ratio Liabilities - no problems with debt Technically: An impulse like correction in March 2020 has completed Running Flat (ABC) wave 4 as part of bull trend that lasted since 2016 Since then the final wave 5 has commenced with 2 impulses that formed a zig-zag of wave 1 This choppy movement suggests that it is not a rapid impulse developing but an Ending Diagonal with 3-3-3-3-3 structure Hence two more zig-zags can be expected to reach and slightly update historic maximum of $192 Once the global wave is completed a deeper correction can be expected to the levels of $95-$120 which represent 0.382 and 0.5 Fibonacci retracement levels respectively What do you think about this scenario for Cadence Design Systems ? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NASDAQ:CDNSLong
by vitalalyt
Signals For 23/06/2020Hi guys, me again. Let’s get on with some more signals. EURUSD – the price is in a resistance at 1.13. If the price holds above – long with a target at 1.1340, but if it’s a false breakout, short with a target at 1.1260 GBPUSD – the price got a bounce for the level at 1.25, I recommend a short with a target at 1.2430 USDCAD – the price is in a range between 1.36 and 1.35and tried to get a bounce from the bottom, so you can long with a target at 1.36, if the price impulses out the bottom and forms and entry, you can short with a target at 1.34 Oil- the price tried to hold above 40.50, so I expect a bounce from 41/50. If a reversal pattern forms – you can long with a target at 41.50. If it breaks out and holds below, you can short with a target at 39. AMD - the price is in a consolidation between 55.50 and 54. I’m feeling bullish, so I expect a breakout follow by an entry pattern, after which you can long with a target at 57.50 BIIB - the price is in a range between 270 and 260, so we once again have to wait for a reaction. If it impulses out the top, you can long with a target at 285. If it impulses out the bottom, you can short with a target at 240. CDNS - the price tried to break an all-time high last session, but holding above 94, I recommend you long with a target at 97. That’s about it, I hope you found this useful, have a good day.
NASDAQ:CDNS
by Horizon_Trading