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Cadence Design Systems Inc (CDNS) is near the top in its industry group according to InvestorsObserver. CDNS gets an overall rating of 73. That means it scores higher than 73 percent of stocks. Cadence Design Systems Inc gets a 97 rank in the Software – Application industry. Software – Application is number 79 out of 148 industries.
What do These Ratings Mean?
Searching for the best stocks to invest in can be difficult. There are thousands of options and it can be confusing on what actually constitutes a great value. InvestorsObserver allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry. A score of 73 would rank higher than 73 percent of all stocks.
Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver’s overall rating a great way to get started, regardless of your investing style. Percentile-ranked scores are also easy to understand. A score of 100 is the top and a 0 is the bottom. There’s no need to try to remember what is “good” for a bunch of complicated ratios, just pay attention to which numbers are the highest.
What’s Happening With Cadence Design Systems Inc Stock Today?
Cadence Design Systems Inc (CDNS) stock is down -0.27% while the S&P 500 is higher by 1.81% as of 2:43 PM on Thursday, Nov 2. CDNS has fallen -$0.66 from the previous closing price of $244.88 on volume of 928,595 shares. Over the past year the S&P 500 is higher by 14.76% while CDNS is higher by 68.32%. CDNS earned $3.51 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 69.6.
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