CDNS Rises 10% YTD: Should Investors Add the Stock to Their Portfolio?
Cadence(CDNS) ZACKS·2024-12-19 22:26
Cadence Design Systems (CDNS) stock has gained 10% year to date. However, the stock has underperformed its industry and the broader technology sector. Within the same time frame, the sub-industry and the Zacks Computer and Technology sector have gained 22.5% and 35.3%, respectively. It has also lagged the S&P 500’s growth of 27.9%.Price PerformanceImage Source: Zacks Investment ResearchThis considerable underperformance in its stock price has caught the attention of investors, prompting questions about whet ...