Top-Rated Cadence Design Systems Near Buy Zone Ahead Of Earnings

Cadence Design Systems (CDNS) is forming a base offering a 168.71 entry with its next quarterly report expected on Oct. 25. The current formation is a second-stage flat base.


Keep in mind that jumping into a stock right as it gets ready to report means you likely won’t have enough time to build a profit cushion before the release. That leaves you exposed to a sudden downturn if the company doesn’t deliver the type of numbers analysts were looking for. You can reduce your exposure by waiting to see how the company reports and how the market reacts.

See How IBD Helps You Make More Money In Stocks

Cadence Design Systems stock showed 30% EPS growth last quarter, while sales growth came in at 14%.

Analysts are looking for earnings-per-share growth of 7% for the quarter, and 13% growth for the full year. Annual earnings-per-share estimates were recently revised higher.

Cadence Design Systems stock has a 93 Composite Rating and earns the No. 1 rank among its peers in the Computer Software-Design industry group. Altair Engineering (ALTR) and Synopsys (SNPS) are also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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