Published on 30 May 2024 on Zacks via Yahoo Finance
Investors Heavily Search Cadence Design Systems, Inc. (CDNS): Here is What You Need to Know
Cadence Design Systems (CDNS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this maker of hardware and software products for validating chip designs have returned +6.3% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Computer - Software industry, to which Cadence belongs, has gained 5% over this period. Now the key question is: Where could the stock be headed in the near term?