Why Cadence Design Systems, Inc. (CDNS) stock moved
Cadence Design Systems, Inc. (CDNS) shares fell 1.0% to $337.07 as of August 6, 2026, a modest decline from the prior close of $340.62. BestStocks flagged the session as a major change for CDNS. The move is tied to a new SEC filing. Below, we break down what changed for CDNS, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
SEC Filing
Cadence Design Systems, Inc. (CDNS) filed its 10-Q on 2026-07-29, disclosing second-quarter financial results and operational updates. CDNS earnings call scheduled for 2026-10-26, with consensus EPS estimate of $2.04.
What it means for Cadence Design Systems, Inc. investors
For Cadence Design Systems, Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Positive price momentum; Cadence Design Systems, Inc. (CDNS) moved +4.46% from $329.93 to $344.64 on 2026-07-21. Weighing against that: Material negative event; Negative session, down 1.0%. Wall Street's consensus price target sits at $404.56, implying +20.0% upside from $337.07. BestStocks rates the overall signal quality weak (37/100). With earnings roughly 81 days out, the next report is the most likely near-term test of the move.
CDNS price reaction
CDNS last traded at $337.07, down $3.55 (-1.04%) from the previous close of $340.62. The session traded on 0.7× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $326.24 and $385.95, and it currently sits about 18% of the way up that band.
Bullish and bearish analyst opinions on Cadence Design Systems, Inc. (CDNS)
The consensus analyst price target on Cadence Design Systems, Inc. (CDNS) is $404.56, 20.0% above the recent $337.07. Over the past 90 days analysts logged 0 upgrades, 9 maintains, and 0 downgrades. Here is how the bullish and bearish cases on CDNS line up.
The bullish case
- Wall Street's consensus price target of $404.56 implies +20.0% upside from $337.07.
- The Street's most bullish target is $450.00 (+33.5%).
- Positive price momentum.
- Cadence Design Systems, Inc. (CDNS) moved +4.46% from $329.93 to $344.64 on 2026-07-21.
The bearish case
- The most bearish analyst target is $300.00 (-11.0%).
- Material negative event.
- Negative session, down 1.0%.
- Cadence Design Systems, Inc. (CDNS) moved -1.84% from $371.50 to $364.65 on 2026-07-16.
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Aug 5, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Previous notable changes for CDNS
Frequently asked questions about CDNS
Why did Cadence Design Systems, Inc. (CDNS) stock move?
CDNS fell 1.0% to $337.07. The move coincided with the context summarized above, though no single company-specific catalyst was independently confirmed.
How much did CDNS stock fall?
CDNS lost 1.04% ($3.55) versus the prior close of $340.62, last trading at $337.07 on 0.7× average volume.
When is Cadence Design Systems, Inc.'s next earnings date?
CDNS's next earnings report is estimated for 2026-10-26 — about 81 days away.
What is the analyst price target for CDNS?
The consensus analyst price target for CDNS is $404.56, about 20.0% above the current $337.07. Over the past 90 days, analysts recorded 0 upgrades, 9 maintains, and 0 downgrades.
How BestStocks tracks CDNS
This page is generated automatically by BestStocks' change-detection system after a new SEC filing was detected and verified against independent data sources. It draws on 11 tracked change events for CDNS, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of August 6, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
