Cadence Design Systems (CDNS) has been gaining significant attention from the investment world. On one hand, it was picked as a noteworthy stock by Morgan Stanley and SG Americas Securities has purchased a large number of shares. Q2 results beat expectations, sparking interest amongst individuals and businesses. However, Q2 guidance was below expectations causing a 13% drop in July and raising concerns among investors. Yet, it received an 'Overweight' upgrade from Piper Sandler. A significant chunk of shares was sold by the company insiders, including VP Paul Cunningham, suggesting hesitancy. Despite this, the financial prospects remain attractive alongside a healthy balance sheet. Although Cadence Design had a larger fall in the market, it managed to surpass market returns and performed better than its underlying earnings growth in past years. Investors should keep an eye on this stock, considering the 88% institutional ownership.
Cadence Design Systems CDNS News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 20:43:11 GMT -
Rating -2
- Innovation 5
- Information 7
- Rumor -5
