Cadence Design Systems Inc. ($CDNS) Stock Forecast: Up 5.1% Today

What is Cadence Design Systems Inc.?

Cadence Design Systems (CDNS) is a leading software and hardware design company specializing in solutions for integrated circuits, software, and digital products. The technology sector is currently enjoying positive market sentiment, emphasizing innovation and digital transformation.

Why is Cadence Design Systems Inc. going up?

CDNS stock is up 5.1% on Apr 29, 2025 14:55

• CDNS reported robust Q1 earnings, meeting revenue expectations and surpassing earnings per share estimates. This financial success likely influenced the upward movement of the stock price.
• The company's revised guidance reflects confidence in future growth opportunities, potentially boosting investor optimism and buying activity.
• Heightened customer demand in the face of global economic volatility suggests a strong market for Cadence's offerings, positioning the company for ongoing market success.
• The combination of strong financial performance, positive guidance, and growing customer demand likely drove the increase in CDNS stock value today.

CDNS Price Chart

CDNS Technical Analysis

CDNS News

Cadence Design Systems Q1 Earnings: Revenue In Line, EPS Beat, Raised Guidance - 'We Haven't Seen Any Change In Customers' Behavior' - Cadence Design Systems ( NASDAQ:CDNS )

Cadence Design Systems reports first-quarter revenue of $1.24 billion, in line with analyst estimates. The company reports first-quarter adjusted earnings of $1.57 per share, beating analyst estimates of $1.49 per share. Today's manic market swings are creating the perfect setup for Matt's next ...

https://www.benzinga.com/news/earnings/25/04/45053252/cadence-design-systems-q1-earnings-revenue-in-line-eps-beat-raised-guidance-we-havent-seen-any-chan

Cadence Set to Release Q1 Earnings: Here's What to Expect

CDNS' first-quarter performance is likely to have benefited from higher customer demand amid volatile global macroeconomic conditions.

https://www.zacks.com/stock/news/2455583/cadence-set-to-release-q1-earnings-heres-what-to-expect

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Cadence Design Systems Inc. Price History

19.01.2025 - CDNS Stock was down 10.4%

• Despite surpassing expectations for Q4 earnings, with revenues and non-GAAP EPS exceeding forecasts, the stock dropped due to disappointing Q1 revenue guidance.
• Customer demand was strong in the fourth quarter, benefiting the company amidst volatile global macroeconomic conditions. However, the bearish market movement was triggered by the soft guidance for the upcoming quarter.
• Analysts foresee long-term potential for Cadence Design Systems, as the company is well-positioned to capitalize on AI technologies, despite the short-term market response to the guidance.

19.01.2025 - CDNS Stock was down 7.9%

• Despite exceeding analyst expectations for revenue and earnings per share in the fourth quarter, CDNS shares declined due to lower-than-expected revenue guidance for full-year 2025.
• The market responded negatively to the company's 2025 revenue forecast between $5.14 billion and $5.22 billion, which fell short of the anticipated $5.25 billion.
• The cautious outlook for future revenue may have overshadowed the strong fourth-quarter performance, leading to a bearish trend in CDNS stock.
• While the company's favorable position in leveraging artificial intelligence (AI) technology was emphasized, investors appeared more concerned about the future revenue predictions, contributing to the stock's decline.

22.00.2025 - CDNS Stock was up 5.0%

• The surge in CDNS stock value may be linked to favorable company-specific developments enhancing investor confidence in its prospective performance.
• Following a decline in Oracle (ORCL) stock, investors might have redistributed their funds towards other tech firms like Cadence Design Systems (CDNS), consequently boosting its share price.
• The positive overall sentiment surrounding the technology industry could have also played a role in the rise of CDNS stock, with investors expressing optimism regarding the sector's growth prospects.

27.00.2025 - CDNS Stock was down 5.0%

• Despite recent outperformance in the broader market, CDNS experienced a significant bearish movement today, suggesting a change in investor sentiment.
• The strong performance of Oracle (ORCL) with a 7.2% increase possibly diverted attention from CDNS, prompting a sell-off in CDNS shares.
• The absence of clear signs of further strength in Oracle's stock, as per earnings estimate revisions, might have prompted investors to adjust their portfolios, contributing to the bearish movement in CDNS.
• Overall, the contrasting performance of Oracle and the broader market likely played a role in influencing the bearish movement in CDNS today.

04.11.2024 - CDNS Stock was up 5.0%

• CDNS's recent collaboration with AST SpaceMobile (ASTS) to enhance space-based cellular broadband network capabilities has likely spurred investor enthusiasm.
• The utilization of Cadence's advanced tools and IP portfolio for ASTS's AST5000 ASIC chip could potentially boost CDNS's revenue in the future.
• The market's optimistic response to this partnership announcement reflects faith in CDNS's technological proficiency and its strategic position in the evolving space communication sector.

23.03.2025 - CDNS Stock was up 6.6%

• The unveiling of the world's first DDR5 12.8 Gbps MRDIMM Gen2 memory IP system solution on TSMC's cutting-edge N3 process by Cadence likely contributed to the bullish movement.
• The acquisition of Arm's Artisan IP business by Cadence to enhance its IP portfolio with advanced technologies could have also boosted investor confidence in the company's growth prospects.
• Recommendations by analysts to buy the stock for its AI potential, along with the anticipation of strong earnings results and guidance, further fueled the positive market sentiment surrounding Cadence today.

21.01.2025 - CDNS Stock was down 5.1%

• Despite reporting better-than-expected Q4 earnings and revenues, Cadence Design Systems' stock experienced a bearish movement.
• The company's strong performance in Q4 and positive outlook for 2025 revenue were overshadowed by soft guidance for the upcoming quarters.
• Investors may have reacted negatively to the lower-than-expected Q1 revenue guidance, despite the company being well-positioned to benefit from trends like artificial intelligence.
• The stock's drop could be attributed to profit-taking by investors who were expecting even stronger guidance for the future, leading to a short-term bearish sentiment in the market.

08.03.2025 - CDNS Stock was up 5.0%

• The bullish movement in CDNS stock today can be attributed to the following factors:
• Despite the overall market slip, CDNS managed to close with a 0.4% increase, showcasing its resilience and strength.
• Positive investor sentiment towards the company's innovative EDA solutions and strong financial performance.
• Potential market anticipation of upcoming product releases or strategic partnerships driving the stock price higher.
• CDNS's ability to outperform the market on a day when many other stocks were in the red, highlighting its relative strength and attractiveness to investors.

12.02.2025 - CDNS Stock was up 5.8%

• The reasons for the bullish movement in CDNS stock are as follows:
• CDNS closed higher despite the overall market falling, indicating its resilience and strength in challenging market conditions.
• The slight increase in CDNS stock price reflects investor confidence in the company's offerings.
• The positive movement may also be attributed to recent company developments or news that have positively impacted investor sentiment towards CDNS.

03.03.2025 - CDNS Stock was down 5.3%

• Despite a bullish sentiment from deep-pocketed investors, CDNS stock slid by -0.93% in the latest trading session.
• The discrepancy between investor sentiment and market performance could be attributed to profit-taking by retail investors or concerns over the company's future growth prospects.
• It seems that the overall market rise did not positively impact CDNS, indicating that specific company-related factors might have influenced the bearish movement.
• Traders should closely monitor any upcoming announcements or developments from Cadence Design Systems to better understand the stock's performance in the near future.

29.03.2025 - CDNS Stock was up 5.1%

• CDNS reported robust Q1 earnings, meeting revenue expectations and surpassing earnings per share estimates. This financial success likely influenced the upward movement of the stock price.
• The company's revised guidance reflects confidence in future growth opportunities, potentially boosting investor optimism and buying activity.
• Heightened customer demand in the face of global economic volatility suggests a strong market for Cadence's offerings, positioning the company for ongoing market success.
• The combination of strong financial performance, positive guidance, and growing customer demand likely drove the increase in CDNS stock value today.

10.03.2025 - CDNS Stock was up 6.7%

• A significant purchase of CDNS stock by Representative Robert Bresnahan potentially boosted investor confidence.
• CDNS demonstrated strength by increasing in value despite a market decline.
• Positive sentiment and outperformance on a tough trading day contributed to the bullish movement in CDNS.