Compare Cadence Design Systems Inc (CDNS) vs Global X Defense Tech ETF (SHLD) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Cadence Design Systems Inc vs Global X Defense Tech ETF — how do they compare? Cadence Design Systems Inc trades at $311.5 (market cap $86.21B), while Global X Defense Tech ETF trades at $63.9. Which is the better fit depends on your goals.
| CDNS | SHLD | |
|---|---|---|
Market Cap | $86.21B | — |
Sector | Technology | Sector/Thematic |
52-Week High | $416.39 | $78.02 |
52-Week Low | $265.66 | $58.20 |
Enterprise Value | $87.42B | — |
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Cadence Design Systems (CDNS) trades at $313.55, down 7.89% over 24 hours, with a bullish technical signal from moving averages but neutral oscillators. The company reported strong Q2 2026 EPS of $2.11, beating expectations, and maintains robust profitability with a net income margin of 23.61%. Recent news highlights AI-driven demand boosting its semiconductor design software business, with a raised 2026 outlook and record backlog.
The stock presents growth potential from AI adoption and consistent earnings beats, but high valuation ratios like a P/E of 67.35 pose risks. Analyst consensus is bullish with an average price target of $413.88, though near-term volatility may persist due to premium pricing and sector fluctuations. Key risks include execution challenges and competitive pressures in the EDA market.
SHLD (Global X Defense Tech ETF) trades at $64.11, down 3.14% with bearish technical signals from moving averages. The ETF provides diversified exposure to global defense technology companies amid rising military spending worldwide. Recent institutional buying activity includes Focus Financial Network increasing its stake by 55.4% in Q2 2026 (Defense World, August 11, 2026). Technical indicators show oversold conditions with RSI readings below 30, suggesting potential for near-term rebound.
The defense technology sector benefits from geopolitical tensions and increased military budgets, with SHLD positioned to capture global rearmament trends. However, the ETF faces competition from similar products and is sensitive to political shifts in defense spending. Current technical weakness may present entry opportunities for long-term investors seeking exposure to defense modernization themes.
Returns comparison
Trailing returns across standard periods
Returns comparison
Trailing returns across standard periods
Top news
Latest headlines on both assets
Top news
Latest headlines on both assets
About Cadence Design Systems Inc
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
Read more on CDNS →About Global X Defense Tech ETF
SHLD tracks the Global X Defense Tech Index, targeting companies that lead the technological transformation of the defense sector. It focuses on pure-play innovators in cybersecurity, artificial intelligence, robotics, and advanced military systems, excluding traditional commercial aerospace to maintain a high level of thematic purity.
Read more on SHLD →
