ANSS
Price
$340.89
Change
+$0.55 (+0.16%)
Updated
Feb 23, 6:59 PM EST
67 days until earnings call
CDNS
Price
$303.53
Change
-$2.04 (-0.67%)
Updated
Feb 23, 6:59 PM EST
58 days until earnings call
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Analysis and predictions ANSS vs CDNS

Header iconANSS vs CDNS Comparison
Open Charts ANSS vs CDNSBanner chart's image
ANSYS
Price$340.89
Change+$0.55 (+0.16%)
Volume$150.46K
CapitalizationN/A
Cadence Design Systems
Price$303.53
Change-$2.04 (-0.67%)
Volume$547.34K
CapitalizationN/A
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ANSS vs CDNS Comparison Chart

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ANSSDaily Signal changed days agoGain/Loss if shorted
 
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CDNSDaily Signal changed days agoGain/Loss if shorted
 
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VS
ANSS vs. CDNS commentary
Feb 24, 2024

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is ANSS is a Buy and CDNS is a Sell.

COMPARISON
Comparison
Feb 24, 2024
Stock price -- (ANSS: $340.88 vs. CDNS: $303.53)
Brand notoriety: ANSS and CDNS are both not notable
Both companies represent the Packaged Software industry
Current volume relative to the 65-day Moving Average: ANSS: 30% vs. CDNS: 77%
Market capitalization -- ANSS: $29.66B vs. CDNS: $82.63B
ANSS [@Packaged Software] is valued at $29.66B. CDNS’s [@Packaged Software] market capitalization is $82.63B. The market cap for tickers in the [@Packaged Software] industry ranges from $3.05T to $0. The average market capitalization across the [@Packaged Software] industry is $10.18B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

ANSS’s FA Score shows that 1 FA rating(s) are green whileCDNS’s FA Score has 4 green FA rating(s).

  • ANSS’s FA Score: 1 green, 4 red.
  • CDNS’s FA Score: 4 green, 1 red.
According to our system of comparison, CDNS is a better buy in the long-term than ANSS.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

ANSS’s TA Score shows that 5 TA indicator(s) are bullish while CDNS’s TA Score has 4 bullish TA indicator(s).

  • ANSS’s TA Score: 5 bullish, 3 bearish.
  • CDNS’s TA Score: 4 bullish, 5 bearish.
According to our system of comparison, ANSS is a better buy in the short-term than CDNS.

Price Growth

ANSS (@Packaged Software) experienced а +3.34% price change this week, while CDNS (@Packaged Software) price change was +4.56% for the same time period.

The average weekly price growth across all stocks in the @Packaged Software industry was -2.11%. For the same industry, the average monthly price growth was +3.31%, and the average quarterly price growth was +0.25%.

Reported Earning Dates

ANSS is expected to report earnings on May 01, 2024.

CDNS is expected to report earnings on Apr 22, 2024.

Industries' Descriptions

@Packaged Software (-2.11% weekly)

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

SUMMARIES
A.I.dvisor published
a Summary for ANSS with price predictions.
OPEN
A.I.dvisor published
a Summary for CDNS with price predictions.
OPEN
FUNDAMENTALS
Fundamentals
CDNS($82.6B) has a higher market cap than ANSS($29.7B). CDNS has higher P/E ratio than ANSS: CDNS (79.46) vs ANSS (59.49). CDNS YTD gains are higher at: 11.440 vs. ANSS (-6.063). CDNS has higher annual earnings (EBITDA): 1.46B vs. ANSS (695M). CDNS has more cash in the bank: 1.14B vs. ANSS (640M). CDNS has less debt than ANSS: CDNS (764M) vs ANSS (854M). CDNS has higher revenues than ANSS: CDNS (4.09B) vs ANSS (2.16B).
ANSSCDNSANSS / CDNS
Capitalization29.7B82.6B36%
EBITDA695M1.46B47%
Gain YTD-6.06311.440-53%
P/E Ratio59.4979.4675%
Revenue2.16B4.09B53%
Total Cash640M1.14B56%
Total Debt854M764M112%
FUNDAMENTALS RATINGS
ANSS vs CDNS: Fundamental Ratings
ANSS
CDNS
OUTLOOK RATING
1..100
6264
VALUATION
overvalued / fair valued / undervalued
1..100
77
Overvalued
88
Overvalued
PROFIT vs RISK RATING
1..100
342
SMR RATING
1..100
7129
PRICE GROWTH RATING
1..100
3116
P/E GROWTH RATING
1..100
3533
SEASONALITY SCORE
1..100
n/an/a

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

ANSS's Valuation (77) in the Packaged Software industry is in the same range as CDNS (88) in the Electronic Production Equipment industry. This means that ANSS’s stock grew similarly to CDNS’s over the last 12 months.

CDNS's Profit vs Risk Rating (2) in the Electronic Production Equipment industry is in the same range as ANSS (34) in the Packaged Software industry. This means that CDNS’s stock grew similarly to ANSS’s over the last 12 months.

CDNS's SMR Rating (29) in the Electronic Production Equipment industry is somewhat better than the same rating for ANSS (71) in the Packaged Software industry. This means that CDNS’s stock grew somewhat faster than ANSS’s over the last 12 months.

CDNS's Price Growth Rating (16) in the Electronic Production Equipment industry is in the same range as ANSS (31) in the Packaged Software industry. This means that CDNS’s stock grew similarly to ANSS’s over the last 12 months.

CDNS's P/E Growth Rating (33) in the Electronic Production Equipment industry is in the same range as ANSS (35) in the Packaged Software industry. This means that CDNS’s stock grew similarly to ANSS’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
ANSSCDNS
RSI
ODDS (%)
N/A
Bearish Trend 1 day ago
69%
Stochastic
ODDS (%)
Bullish Trend 1 day ago
71%
Bullish Trend 1 day ago
83%
Momentum
ODDS (%)
Bearish Trend 1 day ago
56%
Bearish Trend 1 day ago
61%
MACD
ODDS (%)
Bullish Trend 1 day ago
65%
Bearish Trend 1 day ago
61%
TrendWeek
ODDS (%)
Bullish Trend 1 day ago
69%
Bullish Trend 1 day ago
78%
TrendMonth
ODDS (%)
Bearish Trend 1 day ago
60%
Bullish Trend 1 day ago
76%
Advances
ODDS (%)
Bullish Trend 1 day ago
65%
Bullish Trend 16 days ago
77%
Declines
ODDS (%)
Bearish Trend 12 days ago
60%
Bearish Trend 9 days ago
55%
BollingerBands
ODDS (%)
N/A
Bearish Trend 1 day ago
58%
Aroon
ODDS (%)
N/A
Bullish Trend 1 day ago
74%
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ANSSDaily Signal changed days agoGain/Loss if shorted
 
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CDNSDaily Signal changed days agoGain/Loss if shorted
 
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CDNS and

Correlation & Price change

A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if CDNS jumps, then SNPS could also see price increases.

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1M
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6M
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5Y
Ticker /
NAME
Correlation
To CDNS
1D Price
Change %
CDNS100%
-0.67%
SNPS - CDNS
87%
Closely correlated
-0.90%
NOW - CDNS
68%
Closely correlated
+0.23%
ADBE - CDNS
62%
Loosely correlated
+2.95%
INTU - CDNS
56%
Loosely correlated
+0.27%
MSFT - CDNS
54%
Loosely correlated
-0.32%
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