By Mill Chart
Last update: Apr 16, 2024
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 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.
Overall CDNS gets a fundamental rating of 7 out of 10. We evaluated CDNS against 275 industry peers in the Software industry. CDNS has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. CDNS is valued quite expensive, but it does show an excellent growth. These ratings could make CDNS a good candidate 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 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.
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A fundamental analysis of (NASDAQ:CDNS): Reasonable Growth, Debt Levels, and a High ROIC Make CADENCE DESIGN SYS INC (NASDAQ:CDNS) Appealing to Quality Investors.