Is Cadence Design Systems Inc (CDNS) a leader in software
Cadence Design Systems Inc (CDNS) is near the top of its industry group according to Investors Observer. CDNS gets an overall rating of 44. This means that it scores over 44% of the stocks. Cadence Design Systems Inc obtains a rank 78 in the industry of software – applications. Software – The app is number 133 out of 148 industries.
What do these notes mean?
Analyzing inventory can be difficult. There are tons of numbers and ratios out there, and it can be hard to remember what they all mean and what counts as “good” for a given value. Investors Observer ranks stocks according to eight different measures. We rank most of our scores in percentiles to make it easier for investors to understand. A score of 44 means the stock is more attractive than 44% of the stock.
These rankings allow you to easily compare stocks and see what are the strengths and weaknesses of a particular business. This allows you to find the stocks with the best prospects for short and long term growth in seconds. The combined score incorporates technical and fundamental analysis in order to give a comprehensive overview of a stock’s performance. Investors who then want to focus on rankings or analyst ratings can see separate scores for each section.
What is going on with Cadence Design Systems Inc Stock Today?
Cadence Design Systems Inc (CDNS) stock is down -0.27% while the S&P 500 is up 0.07% at 11:45 a.m. on Wednesday, June 30. CDNS fell $ -0.37 from the previous closing price of $ 138.35 on volume of 554,376 shares. Over the past year, the S&P 500 is up 38.52% while the CDNS is up 43.79%. CDNS has earned $ 2.34 per share over the past 12 months, giving it a price / earnings ratio of 59.07.
Click here for the full Cadence Design Systems Inc (CDNS) Stock Valuation Report.