Cadence Design Systems Stock Up 44% in 2019
Cadence Design Systems Inc (NASDAQ:CDNS) has had great momentum since it reported strong fourth-quarter and year-end results in mid-February.
Before reporting its financial results, CDNS stock took advantage of the January effect, advancing 23%. Since reporting its year-end results, the San Jose, California-based company's share price has rallied an additional 17% for a year-to-date gain of 44%.
There are concerns that the Cadence Design Systems stock may, like the broader tech sector, be overvalued and headed for a correction. There is certainly some evidence to support the idea that a correction is.
Den vollständigen Artikel lesen ...
Cadence Design Systems Inc (NASDAQ:CDNS) has had great momentum since it reported strong fourth-quarter and year-end results in mid-February.
Before reporting its financial results, CDNS stock took advantage of the January effect, advancing 23%. Since reporting its year-end results, the San Jose, California-based company's share price has rallied an additional 17% for a year-to-date gain of 44%.
There are concerns that the Cadence Design Systems stock may, like the broader tech sector, be overvalued and headed for a correction. There is certainly some evidence to support the idea that a correction is.
Den vollständigen Artikel lesen ...