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Trading Signal Cadence Design Systems Inc - CDNS

US Stock Price Signals and Analysis

Good Morning Traders,

With the close on Friday, October 07,  Lift-Off offers a SHORT trading signal on the US stock Cadence Design Systems Inc (Ticker: CDNS) listed on the NASDAQ and part of the S&P500 and NASDAQ index.

The stock closed at $158.90 per share, marking a -5.65%.

The company operates in the "Technology Services" sector particularly in the Industry of "Software Packages"

Very good financial robustness data, with very good Cash-To-Debt ratio of 2.96 and the WACC vs. ROIC, the profitability level figures are also very high compared to industries in the same sector. and to its history.

The projection of future growth is more than sufficient for the next 3 years is excellent.

At this time, the price appears to be correct with respect to the intrinsic value attributed to it.

Turnover is up year-on-year and quarter-on-quarter, while net income stable with the latest Q2'22 reading down slightly.

Debts down year-on-year, as well as in recent quarters, and liquidity up year-on-year after a 2016 low.

Next earnings announcement for Q3 2022: October 24, 2022

Below chart of Cadence Design Systems Inc - CDNS - with signal detected by Lift-Off 

Some information Cadence Design Systems Inc

Cadence Design Systems Inc is engaged in the design and development of integrated circuits and electronic devices.

its products include electronic design automation, software, emulation hardware and intellectual property, commonly referred to as verification IP and design IP. It has a presence in America, Asia, Europe, the Middle East, Africa and Japan.

The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

Financial Overview:The current market capitalization of CDNS is $43,518B USD. The next earnings release date for Cadence Design Systems, Inc is Oct. 24. The estimate is $0.96 USD.

Accounts, including revenue, expenses, profit and loss: CDNS' total revenue for the latest quarter is $857.52M USD, down 4.91% from the previous quarter. Net income in Q2 22 is 186.92M USD..

Overview data and accounts source: Tradingview.com

Signal board October 10, 2022

SHORT - Cadence Design Systems Inc - CDNS

Input price: $158.90 (and any opening price)

Price stop loss or adjustment zone: $175.00

Price take profit zone 1: $143.00 

Price take profit zone 1: $143.00 

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