The company's fundamentals are relatively very healthy. Its valuation is considered undervalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. The company is performing well in the stock market, with strong fundamentals and technicals supporting the current trend. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
The company's current financial score is 7.89, which is higher than the Software & IT Services industry's average of 7.32. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 1.24B, representing a year-over-year increase of 23.12%, while its net profit experienced a year-over-year increase of 10.47%.
The company’s current valuation score is 1.80, which is lower than the Software & IT Services industry's average of 2.30. Its current P/E ratio is 93.18, which is -7.54% below the recent high of 86.16 and 19.93% above the recent low of 74.61.
The company’s current earnings forecast score is 7.74, which is higher than the Software & IT Services industry's average of 7.60. The average price target for Cadence Design Systems Inc is 379.38, with a high of 410.00 and a low of 200.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 6.92, which is lower than the Software & IT Services industry's average of 7.31. Sideways: Currently, the stock price is trading between the resistance level at 369.01 and the support level at 332.19, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The company’s current institutional recognition score is 10.00, which is higher than the Software & IT Services industry's average of 6.80. The latest institutional shareholding proportion is 92.04%, representing a quarter-over-quarter decrease of 1.00%. The largest institutional shareholder is The Vanguard, holding a total of 26.47M shares, representing 9.72% of shares outstanding, with 3.31% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services export-driven industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The company’s current risk assessment score is 5.36, which is higher than the Software & IT Services industry's average of 4.01. The company's beta value is 1.00. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.
The Stock Score data is powered by TradingKey and updated daily. Rating data is sourced from LESG. Please use the data with caution for reference purposes only.
