Cadence Design Systems Reaches New 52-Week High (CDNS)

Cadence Design Systems (Nasdaq:CDNS) hit a new 52-week high Thursday as it is currently trading at $15.85, above its previous 52-week high of $15.82 with 400,766 shares traded as of 10:41 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Cadence Design Systems

(Nasdaq:

CDNS

) hit a new 52-week high Thursday as it is currently trading at $15.85, above its previous 52-week high of $15.82 with 400,766 shares traded as of 10:41 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Cadence Design Systems has a market cap of $4.45 billion and is part of the technology sector and computer software & services industry. Shares are up 16.4% year to date as of the close of trading on Wednesday.

Cadence Design Systems, Inc. develops, sells or leases, licenses, and maintains electronic design automation (EDA) software, hardware, verification intellectual property (VIP), and design intellectual property (Design IP) for semiconductor and electronics systems companies worldwide.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates

Cadence Design Systems

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Cadence Design Systems Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

.

null

Loading ...