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Enter Symbol:
 
Cadence Design Systems, Inc. (CDNS) [hlAlert]

Rating:
Buy CDNS
up 96.45 %

Cadence Design Systems, Inc. (CDNS) rated Buy with price target $16 by Needham

Posted on: Friday,  Jan 3, 2014  9:25 AM ET by Needham

Needham rated Buy Cadence Design Systems, Inc. (NASDAQ: CDNS) on 01/03/2014. Previously Needham rated Buy Cadence Design Systems, Inc. (NASDAQ: CDNS) on
01/31/2008., when the stock price was $10.15. Since then, Cadence Design Systems, Inc. has gained 96.45% as of 10/06/2015's recent price of $19.94.
If you would have followed the previous Needham's recommendation on CDNS, you would have gained 96.45% of your investment in 2805 days.

Cadence Design Systems, Inc. (Cadence) develops electronic design automation (EDA) software and hardware. It licenses software, sells or leases hardware technology and provides engineering and education services worldwide to help manage and accelerate electronics product development processes. The Company offers three license types for its software: perpetual, term and subscription. The Company combines its products and technologies into platforms for four design activities: functional verification, digital integrated circuit (IC) design and implementation, custom IC design and verification, and system interconnect design. These are branded as Incisive functional verification, Encounter digital IC design, Virtuoso custom design, and Allegro system interconnect design.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/3/2014 9:25 AM Buy
None
14.38 16.00
as of 10/17/2014
1 Week up  1.97 %
1 Month down  -6.77 %
3 Months down  -4.62 %
1 YTD up  17.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2008 9:25 AM Buy
None
3.31 5.00
4/24/2008 9:25 AM Buy
None
11.28 15.00
1/31/2008 9:25 AM Buy
None
10.15 16.00

(*) Stock Price at the time of the recommendation.
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