CDNS
Price
$305.85
Change
-$4.25 (-1.37%)
Updated
Apr 12, 6:59 PM EST
7 days until earnings call
SNPS
Price
$557.16
Change
-$4.81 (-0.86%)
Updated
Apr 12, 6:59 PM EST
37 days until earnings call
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CDNS vs SNPS ᐉ Comparison: Which is Better to Invest?

Header iconCDNS vs SNPS Comparison
Open Charts CDNS vs SNPSBanner chart's image
Cadence Design Systems
Price$305.85
Change-$4.25 (-1.37%)
Volume$542.32K
CapitalizationN/A
Synopsys
Price$557.16
Change-$4.81 (-0.86%)
Volume$342.08K
CapitalizationN/A
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CDNS vs SNPS Comparison Chart

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CDNSDaily Signal changed days agoGain/Loss if shorted
 
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SNPSDaily Signal changed days agoGain/Loss if shorted
 
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VS
CDNS vs. SNPS commentary
Apr 15, 2024

Both headquartered in Silicon Valley, SNPS and CDNS provide products and services that are essential to the development and testing of microchips and other computing solutions. They both provide emulation tools for virtually designing and testing new products and systems before they go into production. Both in a strong position to grow with the Internet of Things and other innovations, such as self-driving cars and products using AI. They also provide hardware and software solutions that can splice together various kinds of codecs and libraries. For developers and manufacturers of semiconductors, the software made available to them by these companies are an integral part of their daily lives, and the revenue they get from established clients reveals their health and longevity. The recent infrastructure-bolstering government spending legislation has aims to increase incentives for innovation and development in the semiconductor industry domestically, which should keep SNPS and CDNS growing and profitable.

COMPARISON
Comparison
Apr 15, 2024
Stock price -- (CDNS: $312.09 vs. SNPS: $576.75)
Brand notoriety: CDNS and SNPS are both not notable
Both companies represent the Packaged Software industry
Current volume relative to the 65-day Moving Average: CDNS: 52% vs. SNPS: 48%
Market capitalization -- CDNS: $85.08B vs. SNPS: $87.98B
CDNS [@Packaged Software] is valued at $85.08B. SNPS’s [@Packaged Software] market capitalization is $87.98B. 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 whileSNPS’s FA Score has 1 green FA rating(s).

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

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 SNPS’s TA Score has 3 bullish TA indicator(s).

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

Price Growth

CDNS (@Packaged Software) experienced а -1.30% price change this week, while SNPS (@Packaged Software) price change was -1.30% 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.

SNPS is expected to report earnings on May 22, 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 SNPS with price predictions.
OPEN
FUNDAMENTALS
Fundamentals
SNPS($88B) and CDNS($85.1B) have the same market capitalization . CDNS has higher P/E ratio than SNPS: CDNS (81.70) vs SNPS (63.66). CDNS YTD gains are higher at: 14.583 vs. SNPS (12.010). SNPS has higher annual earnings (EBITDA): 1.74B vs. CDNS (1.46B). SNPS has more cash in the bank: 1.27B vs. CDNS (1.14B). SNPS has less debt than CDNS: SNPS (670M) vs CDNS (764M). SNPS has higher revenues than CDNS: SNPS (6.13B) vs CDNS (4.09B).
CDNSSNPSCDNS / SNPS
Capitalization85.1B88B97%
EBITDA1.46B1.74B84%
Gain YTD14.58312.010121%
P/E Ratio81.7063.66128%
Revenue4.09B6.13B67%
Total Cash1.14B1.27B89%
Total Debt764M670M114%
FUNDAMENTALS RATINGS
CDNS vs SNPS: Fundamental Ratings
CDNS
SNPS
OUTLOOK RATING
1..100
7576
VALUATION
overvalued / fair valued / undervalued
1..100
89
Overvalued
84
Overvalued
PROFIT vs RISK RATING
1..100
23
SMR RATING
1..100
2943
PRICE GROWTH RATING
1..100
4244
P/E GROWTH RATING
1..100
4262
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.

SNPS's Valuation (84) in the Packaged Software industry is in the same range as CDNS (89) in the Electronic Production Equipment industry. This means that SNPS’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 SNPS (3) in the Packaged Software industry. This means that CDNS’s stock grew similarly to SNPS’s over the last 12 months.

CDNS's SMR Rating (29) in the Electronic Production Equipment industry is in the same range as SNPS (43) in the Packaged Software industry. This means that CDNS’s stock grew similarly to SNPS’s over the last 12 months.

CDNS's Price Growth Rating (42) in the Electronic Production Equipment industry is in the same range as SNPS (44) in the Packaged Software industry. This means that CDNS’s stock grew similarly to SNPS’s over the last 12 months.

CDNS's P/E Growth Rating (42) in the Electronic Production Equipment industry is in the same range as SNPS (62) in the Packaged Software industry. This means that CDNS’s stock grew similarly to SNPS’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
CDNSSNPS
RSI
ODDS (%)
N/A
N/A
Stochastic
ODDS (%)
Bearish Trend 15 days ago
58%
Bearish Trend 15 days ago
55%
Momentum
ODDS (%)
Bullish Trend 15 days ago
79%
Bullish Trend 15 days ago
74%
MACD
ODDS (%)
Bearish Trend 15 days ago
57%
Bearish Trend 15 days ago
54%
TrendWeek
ODDS (%)
Bearish Trend 15 days ago
55%
Bearish Trend 15 days ago
50%
TrendMonth
ODDS (%)
Bullish Trend 15 days ago
76%
Bullish Trend 15 days ago
72%
Advances
ODDS (%)
Bullish Trend 26 days ago
77%
Bullish Trend 26 days ago
73%
Declines
ODDS (%)
Bearish Trend 19 days ago
54%
Bearish Trend 19 days ago
50%
BollingerBands
ODDS (%)
Bearish Trend 15 days ago
60%
N/A
Aroon
ODDS (%)
Bullish Trend 15 days ago
75%
Bullish Trend 15 days ago
78%
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CDNSDaily Signal changed days agoGain/Loss if shorted
 
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SNPSDaily 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.

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

SNPS and

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SNPS
1D Price
Change %
SNPS100%
+0.92%
CDNS - SNPS
87%
Closely correlated
+0.26%
NOW - SNPS
62%
Loosely correlated
+0.78%
CLSK - SNPS
55%
Loosely correlated
-12.42%
RIOT - SNPS
53%
Loosely correlated
-6.29%
ADBE - SNPS
53%
Loosely correlated
-0.49%
More