Top Growth Pick: Cadence Design Systems, Inc. (NASDAQ:CDNS)

SAN JOSE, Calif., Nov. 25, 2015 – Cadence Design Systems, Inc. (NASDAQ:CDNS) has received a top Growth Style score from Zack's Research. The growth score is based on company financials as well as the company's prospects for future growth. The score is a result of analysis of various aspects of the Balance Sheet, Cash Flow Statement and Income Statement. Stocks that are given a high growth score tend to have the characteristics resulting in market outperformance.

Individuals or firms looking to invest in Cadence Design Systems, Inc. (NASDAQ:CDNS) might also take into consideration the long term analyst estimates on the stock. Sell-side firms tracked by Zacks have a long term growth estimate of 9.99, on a consensus basis. This figure is based on earnings and sales projected over the next three to five years. Looking to the near future, Wall Street brokerages have a one-year price target of $24.062 on the stock. This is the average number from the 8 analysts who have published ratings in the past 6 months.

Sell-side brokerages use a variety of different terms for their ratings on the stock. Zacks has created a simplified scale where the number one represents a Strong Buy and the number five represents a Strong Sell. Using this simplified scale, Cadence Design Systems, Inc. has a rating of 1.89.

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