CDNS
Price
$300.38
Change
-$5.47 (-1.79%)
Updated
Apr 15, 1:59 PM EST
7 days until earnings call
NOW
Price
$735.53
Change
-$33.06 (-4.30%)
Updated
Apr 15, 6:59 PM EST
9 days until earnings call
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CDNS vs NOW ᐉ Comparison: Which is Better to Invest?

Header iconCDNS vs NOW Comparison
Open Charts CDNS vs NOWBanner chart's image
Cadence Design Systems
Price$300.38
Change-$5.47 (-1.79%)
Volume$100
CapitalizationN/A
SERVICENOW
Price$735.53
Change-$33.06 (-4.30%)
Volume$310.76K
CapitalizationN/A
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CDNS vs NOW Comparison Chart

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CDNSDaily Signal changed days agoGain/Loss if shorted
 
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NOWDaily Signal changed days agoGain/Loss if shorted
 
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VS
CDNS vs. NOW commentary
Apr 16, 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 CDNS is a StrongBuy and NOW is a Buy.

COMPARISON
Comparison
Apr 16, 2024
Stock price -- (CDNS: $312.09 vs. NOW: $768.37)
Brand notoriety: CDNS: Not notable vs. NOW: Notable
Both companies represent the Packaged Software industry
Current volume relative to the 65-day Moving Average: CDNS: 52% vs. NOW: 54%
Market capitalization -- CDNS: $85.08B vs. NOW: $156.29B
CDNS [@Packaged Software] is valued at $85.08B. NOW’s [@Packaged Software] market capitalization is $156.29B. The market cap for tickers in the [@Packaged Software] industry ranges from $3.15T to $0. The average market capitalization across the [@Packaged Software] industry is $10.44B.

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).

CDNS’s FA Score shows that 2 FA rating(s) are green whileNOW’s FA Score has 1 green FA rating(s).

  • CDNS’s FA Score: 2 green, 3 red.
  • NOW’s FA Score: 1 green, 4 red.
According to our system of comparison, CDNS is a better buy in the long-term than NOW.

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.

CDNS’s TA Score shows that 3 TA indicator(s) are bullish while NOW’s TA Score has 4 bullish TA indicator(s).

  • CDNS’s TA Score: 3 bullish, 4 bearish.
  • NOW’s TA Score: 4 bullish, 5 bearish.
According to our system of comparison, both CDNS and NOW are a bad buy in the short-term.

Price Growth

CDNS (@Packaged Software) experienced а -1.30% price change this week, while NOW (@Packaged Software) price change was -0.81% for the same time period.

The average weekly price growth across all stocks in the @Packaged Software industry was +0.93%. For the same industry, the average monthly price growth was +3.12%, and the average quarterly price growth was +13.69%.

Reported Earning Dates

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

NOW is expected to report earnings on Apr 24, 2024.

Industries' Descriptions

@Packaged Software (+0.93% 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 CDNS with price predictions.
OPEN
A.I.dvisor published
a Summary for NOW with price predictions.
OPEN
FUNDAMENTALS
Fundamentals
NOW($156B) has a higher market cap than CDNS($85.1B). NOW has higher P/E ratio than CDNS: NOW (91.26) vs CDNS (81.70). CDNS YTD gains are higher at: 14.583 vs. NOW (8.759). NOW has higher annual earnings (EBITDA): 1.59B vs. CDNS (1.46B). NOW has more cash in the bank: 4.88B vs. CDNS (1.14B). CDNS has less debt than NOW: CDNS (764M) vs NOW (2.28B). NOW has higher revenues than CDNS: NOW (8.97B) vs CDNS (4.09B).
CDNSNOWCDNS / NOW
Capitalization85.1B156B55%
EBITDA1.46B1.59B92%
Gain YTD14.5838.759166%
P/E Ratio81.7091.2690%
Revenue4.09B8.97B46%
Total Cash1.14B4.88B23%
Total Debt764M2.28B33%
FUNDAMENTALS RATINGS
CDNS vs NOW: Fundamental Ratings
CDNS
NOW
OUTLOOK RATING
1..100
7519
VALUATION
overvalued / fair valued / undervalued
1..100
89
Overvalued
87
Overvalued
PROFIT vs RISK RATING
1..100
219
SMR RATING
1..100
2938
PRICE GROWTH RATING
1..100
4241
P/E GROWTH RATING
1..100
4295
SEASONALITY SCORE
1..100
n/a50

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.

NOW's Valuation (87) in the Information Technology Services industry is in the same range as CDNS (89) in the Electronic Production Equipment industry. This means that NOW’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 NOW (19) in the Information Technology Services industry. This means that CDNS’s stock grew similarly to NOW’s over the last 12 months.

CDNS's SMR Rating (29) in the Electronic Production Equipment industry is in the same range as NOW (38) in the Information Technology Services industry. This means that CDNS’s stock grew similarly to NOW’s over the last 12 months.

NOW's Price Growth Rating (41) in the Information Technology Services industry is in the same range as CDNS (42) in the Electronic Production Equipment industry. This means that NOW’s stock grew similarly to CDNS’s over the last 12 months.

CDNS's P/E Growth Rating (42) in the Electronic Production Equipment industry is somewhat better than the same rating for NOW (95) in the Information Technology Services industry. This means that CDNS’s stock grew somewhat faster than NOW’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
CDNSNOW
RSI
ODDS (%)
N/A
N/A
Stochastic
ODDS (%)
Bearish Trend 15 days ago
58%
Bullish Trend 15 days ago
79%
Momentum
ODDS (%)
Bullish Trend 15 days ago
79%
Bullish Trend 15 days ago
77%
MACD
ODDS (%)
Bearish Trend 15 days ago
57%
Bearish Trend 15 days ago
66%
TrendWeek
ODDS (%)
Bearish Trend 15 days ago
55%
Bearish Trend 15 days ago
61%
TrendMonth
ODDS (%)
Bullish Trend 15 days ago
76%
Bullish Trend 15 days ago
68%
Advances
ODDS (%)
Bullish Trend 26 days ago
77%
Bullish Trend 15 days ago
71%
Declines
ODDS (%)
Bearish Trend 19 days ago
54%
Bearish Trend about 1 month ago
58%
BollingerBands
ODDS (%)
Bearish Trend 15 days ago
60%
Bullish Trend 15 days ago
76%
Aroon
ODDS (%)
Bullish Trend 15 days ago
75%
Bearish Trend 15 days ago
77%
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Accelerate Diagnostics

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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CDNS
1D Price
Change %
CDNS100%
+0.26%
SNPS - CDNS
87%
Closely correlated
+0.92%
NOW - CDNS
68%
Closely correlated
+0.78%
ADBE - CDNS
59%
Loosely correlated
-0.49%
MSFT - CDNS
55%
Loosely correlated
+0.91%
INTU - CDNS
55%
Loosely correlated
-1.58%
More