Cadence (CDNS) Tanks 9% in 6 Months: How to Play the Stock?
CDNSCadence(CDNS) ZACKS·2024-08-26 23:05

Cadence Design Systems (CDNS) stock has declined 8.7% in the past six months compared with the industry’s growth of 2.4%. The S&P 500 composite index has returned 11.3% in the same time frame and the Zacks Computer and Technology sector has jumped 13.1%.It has also underperformed its peers in the EDA space. Keysight Technologies (KEYS) shares have appreciated 1.5% in the last six months, while Synopsys (SNPS) and ANSYS (ANSS) shares have dropped 6% and 3.6%, respectively.Image Source: Zacks Investment Resea ...