Cadence Design Systems, Inc.s in-depth stock price analysis indicates that the stock price has rallied 11.86% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 15.49% . Looking at the past 52 week period, the stock price is up at 45.61% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Cadence Design Systems, Inc. has a positive value of 6.96 compared to overall market. Cadence Design Systems, Inc. (NASDAQ:CDNS) has climbed 1.37% in the past week and advanced 13.27% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.56% and the outperformance has advanced to 11.24% for the last 4 weeks period.
Cadence Design Systems, Inc. (NASDAQ:CDNS) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.02 points or 0.07% at $29.53 with 1,562,288 shares getting traded. Post opening the session at $29.7, the shares hit an intraday low of $29.44 and an intraday high of $29.75 and the price was in this range throughout the day. The company has a market cap of $8,192 million and the number of outstanding shares has been calculated to be 277,400,000 shares. The 52-week high of Cadence Design Systems, Inc. (NASDAQ:CDNS) is $29.75 and the 52-week low is $19.94.
Cadence Design Systems Inc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.33. The company had revenue of $469.00 million for the quarter, compared to analysts expectations of $468.81 million. The companys revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by RBC Capital Mkts on Feb 9, 2017 to Outperform, Raises Price Target to $ 33 from a previous price target of $30 .Cadence Design Systems Inc was Downgraded by JP Morgan to Underweight on Dec 12, 2016.
Company has reported several Insider transactions to the SEC, on Feb 9, 2017, James J Cowie (Sr. VP, General Counsel) sold 2,087 shares at 29.31 per share price.On Feb 7, 2017, Aneel Zaman (Sr. Vice President) sold 8,325 shares at 29.31 per share price.On Feb 7, 2017, Geoffrey G Ribar (Sr. VP, CFO) sold 70,000 shares at 29.46 per share price.
Cadence Design Systems, Inc. provides comprehensive software and other technology and offers design and methodology services for the product development requirements of the worlds leading electronics companies. Cadence licenses its leading-edge electronic design automation software and hardware technology and provides a range of services to companies throughout the world to help optimize their product development processes.