By Mill Chart
Last update: Sep 15, 2023
In this article we will dive into CADENCE DESIGN SYS INC (NASDAQ:CDNS) as a possible candidate for quality investing. Investors should always do their own research, but we noticed CADENCE DESIGN SYS INC showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.
ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.
CDNS gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 282 industry peers in the Software industry. CDNS scores excellent points on both the profitability and health parts. This is a solid base for a good stock. CDNS is not overvalued while it is showing excellent growth. This is an interesting combination. This makes CDNS very considerable for growth and quality investing!
Our latest full fundamental report of CDNS contains the most current fundamental analsysis.
More ideas for quality investing can be found on ChartMill in our Caviar Cruise screen.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
CADENCE DESIGN SYS INC
NASDAQ:CDNS (11/29/2023, 7:00:01 PM)After market: 278.99 +3.78 (+1.37%)
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