By Mill Chart
Last update: Nov 1, 2023
Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if CADENCE DESIGN SYS INC (NASDAQ:CDNS) is suited for quality investing. Investors should of course do their own research, but we spotted CADENCE DESIGN SYS INC showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.
ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.
Taking everything into account, CDNS scores 7 out of 10 in our fundamental rating. CDNS was compared to 278 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make CDNS suitable for growth and quality investing!
Our latest full fundamental report of CDNS contains the most current fundamental analsysis.
Our Caviar Cruise screen will find you more ideas suited for quality investing.
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
CADENCE DESIGN SYS INC
NASDAQ:CDNS (2/22/2024, 11:23:06 AM)
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