CDNS
Price
$258.79
Change
+$0.41 (+0.16%)
Updated
Jul 26 closing price
87 days until earnings call
SNPS
Price
$546.38
Change
+$7.66 (+1.42%)
Updated
Jul 26 closing price
26 days until earnings call
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CDNS vs SNPS

Header iconCDNS vs SNPS Comparison
Open Charts CDNS vs SNPSBanner chart's image
Cadence Design Systems
Price$258.79
Change+$0.41 (+0.16%)
Volume$1.56M
CapitalizationN/A
Synopsys
Price$546.38
Change+$7.66 (+1.42%)
Volume$245.54K
CapitalizationN/A
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CDNS vs SNPS Comparison Chart

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CDNS
Daily Signalchanged days ago
Gain/Loss if shorted
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SNPS
Daily Signalchanged days ago
Gain/Loss if shorted
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VS
CDNS vs. SNPS commentary
Jul 27, 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
SUMMARIES
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FUNDAMENTALS
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FUNDAMENTALS RATINGS
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TECHNICAL ANALYSIS
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CDNS
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
SNPS
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
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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 86% 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%
-3.03%
SNPS - CDNS
86%
Closely correlated
-2.64%
MSFT - CDNS
61%
Loosely correlated
-2.43%
ADSK - CDNS
57%
Loosely correlated
+1.20%
PDFS - CDNS
56%
Loosely correlated
-2.22%
INTU - CDNS
56%
Loosely correlated
+1.01%
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 86% 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%
-2.64%
CDNS - SNPS
86%
Closely correlated
-3.03%
MSFT - SNPS
58%
Loosely correlated
-2.43%
INTU - SNPS
55%
Loosely correlated
+1.01%
CLSK - SNPS
55%
Loosely correlated
-2.35%
CRWD - SNPS
54%
Loosely correlated
-1.53%
More