Wall Street Zen upgrades Cadence Design Systems stock to Buy
Published on 10/13/2026 at 12:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Wall Street Zen upgraded Cadence Design Systems to Buy from Hold on October 12, 2026.
- Fiscal 2026 revenue guidance stands at USD 6.26-6.34 billion, implying 19.00 percent growth.
- Cadence stock was at EUR 308.78 at Lang & Schwarz on October 13, 2026, down 1.79 percent versus the October 12 Xetra close of EUR 312.40.
- Cadence is scheduled to report third-quarter 2026 results on October 26, 2026.
Cadence Design Systems (ISIN US1273871087) received a Buy rating from Wall Street Zen on October 12, 2026, upgraded from Hold, according to MarketBeat. The rating change adds a fresh positive signal before Cadence reports its third-quarter results.
Three dated signals shape Cadence
On July 28, 2026, Cadence set third-quarter revenue guidance at USD 1.595 billion-1.625 billion and fiscal-year revenue guidance at USD 6.26 billion-6.34 billion, according to Simply Wall St. On September 22, the same source reported that Cadence introduced an RTL Generation Agent, with early evaluations showing 24.00 percent lower area and 18.00 percent lower power than foundation-model code generation.
On October 12, 2026, Wall Street Zen upgraded the stock from Hold to Buy, as reported by MarketBeat. The sequence moves from operating guidance to product execution and then valuation sentiment, giving investors three distinct reference points.
What does the outlook imply?
The fiscal 2026 revenue range of USD 6.26 billion-6.34 billion represents 19.00 percent year-over-year growth, according to Simply Wall St. The third-quarter range of USD 1.595 billion-1.625 billion gives the next report a concrete benchmark rather than a purely qualitative test.
Cadence also guided to a GAAP operating margin of 27.75 percent-28.75 percent for fiscal 2026 and GAAP diluted earnings per share of USD 4.76-4.86, according to Simply Wall St. For investors, the next report will therefore test both demand growth and the conversion of that growth into profit.
Upcoming earnings date
MarketBeat lists October 26, 2026 as Cadence's next reporting date, with third-quarter earnings expected after the market closes. Its published consensus estimate is USD 2.04 for earnings per share.
Stock trades below the Xetra close
Cadence Design Systems was trading at EUR 308.78 at Lang & Schwarz on October 13, 2026 at 12:16 p.m. CEST, down EUR 5.62 or 1.79 percent versus the Xetra close of October 12, 2026 at EUR 312.40. The primary listing is NASDAQ in USD, while the euro quote gives German investors the relevant local-currency trading reference.
The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.
Cadence Design Systems stock facts
- Company: Cadence Design Systems, Inc.
- ISIN: US1273871087
- Ticker: CDNS
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 13, 2026, 12:16 p.m. CEST: EUR 308.78
- Change versus Xetra close: minus 1.79 percent
- Xetra close October 12, 2026: EUR 312.40
- Market capitalization: EUR 84.9 billion as of October 13, 2026
- 52-week range: EUR 165.64-EUR 359.70 as of October 13, 2026
- Sector / Industry: Technology / Software - Application
Market context: Market report S&P 500.
