CDNS

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence (Nasdaq: CDNS) will hold its second quarter 2026 financial results webcast on Monday, July 27, 2026.

Every AI accelerator that lands in a hyperscaler data center starts as software running on tools from a small club of vendors.

Investors interested in stocks from the Computer - Software sector have probably already heard of Progress Software (PRGS) and Cadence Design Systems (CDNS). But which of these two stocks offers value investors a better bang for their buck right now?

MU's AI-driven memory surge fuels a historic rally, making semiconductor ETFs a diversified way to tap the industry's broad-based momentum.

Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Cadence Design Systems (CDNS) concluded the recent trading session at $368.23, signifying a -1.12% move from its prior day's close.

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $379.06, denoting a -2.57% move from the preceding trading day.

I rate Cadence Design Systems a Buy with a $460 price target, reflecting 37% upside potential from the current level of $379. My growth drivers are agentic AI inside core EDA, semiconductor IP tied to memory and interconnect, SDA after Hexagon, and steady EPS support from buybacks and acquisition accretion. I assume these growth drivers can support the EPS to move from the current $7.90 to a 2028 adjusted EPS estimate of $10.07.

Shares of semiconductor name Credo Technology Group Holding Ltd (NASDAQ:CRDO) are surging 10.3% at $299.88 this morning, enjoying the fruits of several bull notes.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?