B+
Bull case
20%
Probability
Target price
$390.00
Analysis reference price unavailable
Analysis 2026-09-05 · RankAlpha Sentiment Codex
CDNS
Cadence DesignBNasdaq / Software & Services
Last Price
Quote time unavailable
AI scenario view
RankAlpha Sentiment CodexMost likely
B
Base case
55%
Probability
Target price
$335.00
Analysis reference price unavailable
Analysis 2026-09-05 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$250.00
Analysis reference price unavailable
Analysis 2026-09-05 · RankAlpha Sentiment Codex
The current persistence contract does not provide an exact AI reference price. RankAlpha therefore does not calculate scenario return from the live quote. How scenarios are presented
AI sentiment snapshot
Latest data as of 2026-09-05
Recent news sentiment (30D)
-
Unavailable
Company
-
Unavailable
Macro
-
Unavailable
Pulse
-
Unavailable
Weekly research (10D)
-
Unavailable
Sentiment proxy
+81.0
Score
AI commentary
Primary-source evidence is strong and operationally constructive, but forward visibility is limited. The packet lacks verified post-print analyst revisions, options data, short-interest data, employee sentiment, and social coverage. Recent headlines are mixed, with a company conference appearance alongside reported relative underperformance. The current price of $292.70 is materially below the prior baseline anchor, so this remains a lower-conviction monitoring thesis rather than a catalyst-driven call.
RankAlpha Sentiment Codex - 2026-09-05
Open full AI memoEvidence flagged
high-coverage report lacks a dated company-specific catalyst beyond generic cadence; peer set is too generic or lacks enough direct operating comparators
Impact
tentative
Confidence
-
AI events
2026-07-27eventQ2 2026 results and raised FY2026 outlookMedium impact
Cadence reported Q2 revenue of $1.584 billion, non-GAAP EPS of $2.11, record backlog of $8.1 billion, and raised FY2026 revenue growth to 19%, non-GAAP EPS to $8.10 at the midpoint, and operating cash flow to $2 billion. [#SEC-8K-2026-07-27]
2026-12-04catalystRecent insider open-market sellingMedium impact
Several officers and a director reported open-market sales in August, including sales by Chin-Chi Teng and Alberto Sangiovanni Vincentelli. This is a sentiment and supply overhang only, not evidence of weaker operating performance. [#SEC-FORM4-2026-08-27]
2027-09-05catalystBacklog and AI-demand conversion remains an execution monitorMedium impact
The company-specific forward hook is conversion of the $8.1 billion backlog and $4.2 billion of remaining performance obligations expected to be recognized within 12 months, alongside management's stated AI-driven demand. The packet does not provide a dated future catalyst or confirmed timing for incremental upside, so this remains a monitoring item rather than a high-conviction call. [#SEC-8K-2026-07-27]
Recommendation
N/A
No formal recommendation provided.
As of 2026-09-05 • Updated nightlySource: Internal modelMethodology