Cadence Design Systems: A Better Entry Point Could Be Coming

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David Zanoni

Financial Blogger/Operations Supervisor

Contributor's Links: Momentum at a Reasonble Price

David Zanoni focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He wants to find some hidden gems for investors and help them to make money.

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Cadence Design Systems: A Better Entry Point Could Be Coming

Date: Tuesday, August 13, 2019 7:54 PM EST

Cadence Design Systems (CDNS) has been growing revenue and earnings at an above average pace for multiple years. I began coverage of the company back in 2013 and the stock significantly outperformed the S&P 500 (SPY) since then. The long-term future for the company looks positive as Cadence enables customers to design electronic products. There are many positive catalysts for electronic product development over multiple years.

While the long-term looks positive for Cadence, there could be some short-term headwinds for the stock as a result of lower expectations for earnings growth in 2020 and a high valuation. READ ARTICLE:

https://seekingalpha.com/article/4285091-cadence-design-systems-better-entry-point-coming

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