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Cadence Design Systems (CDNS)
NASDAQ:CDNS
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CDNS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$227.05 - $328.99
Previous Close$274.08
Volume1.44M
Average Volume (3M)2.04M
Market Cap
$75.05B
Enterprise Value$74.69B
Total Cash (Recent Filing)$1.01B
Total Debt (Recent Filing)$649.31M
Price to Earnings (P/E)70.9
Beta1.46
Next Earnings
Oct 21, 2024EPS Estimate
$1.44Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.87
Shares Outstanding273,820,000
10 Day Avg. Volume1,865,107
30 Day Avg. Volume2,035,356
Standard Deviation0.08
R-Squared0.40
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)21.01
Price to Sales (P/S)18.38
Price to Cash Flow (P/CF)74.00
P/FCF Ratio89.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue18.32
Enterprise Value/Gross Profit20.43
Enterprise Value/Ebitda51.21
Forecast
1Y Price Target
$328.00Price Target Upside20.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Cadence Design News
PremiumCompany Announcements
Cadence Design’s Strategic Financial Maneuvers in Senior Notes Offering
PremiumCompany Announcements
Cadence Design Strengthens Financial Strategy with New Credit Facility
PremiumStock Analysis & Ideas
CDNS, DDOG, FSLR: Which Strong Buy-Rated Tech Stock’s a Better Buy?Bulls Say, Bears Say
Bulls Say
Financial PerformanceRecurring revenue finished at approximately 88% of total, with growth accelerating to 12% year-over-year from 11% in the first quarter.
Growth DriversAI-led complexity growth is still ahead, giving confidence to double-digit growth sustainability.
Market PositionCadence is a premier software asset with an enviable market position in EDA and a robust operating profile.
Bears Say
EarningsTepid 2Q results have reinforced the narrative of slowing industry demand.
GuidanceCadence reported a weaker than expected guide for Q3, particularly seen in the EPS.
RevenueThe implied expectations are for now China to be contributing approximately 13% of total revenue for the full year, down from 14-15% in Q1.
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Ownership Overview
4.43% Insiders
28.84% Mutual Funds
41.12% Other Institutional Investors
25.61% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CDNS FAQ
What was Cadence Design Systems’s price range in the past 12 months?
Cadence Design Systems lowest stock price was $227.05 and its highest was $328.99 in the past 12 months.
What is Cadence Design Systems’s market cap?
Currently, no data Available
When is Cadence Design Systems’s upcoming earnings report date?
Cadence Design Systems’s upcoming earnings report date is Oct 21, 2024 which is in 26 days.
How were Cadence Design Systems’s earnings last quarter?
Cadence Design Systems released its earnings results on Jul 22, 2024. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.227 by $0.053.
Is Cadence Design Systems overvalued?
According to Wall Street analysts Cadence Design Systems’s price is currently Undervalued.
Does Cadence Design Systems pay dividends?
Cadence Design Systems does not currently pay dividends.
What is Cadence Design Systems’s EPS estimate?
Cadence Design Systems’s EPS estimate is $1.44.
How many shares outstanding does Cadence Design Systems have?
Cadence Design Systems has 273,820,000 shares outstanding.
What happened to Cadence Design Systems’s price movement after its last earnings report?
Cadence Design Systems reported an EPS of $1.28 in its last earnings report, beating expectations of $1.227. Following the earnings report the stock price went down -1.425%.
Which hedge fund is a major shareholder of Cadence Design Systems?
Among the largest hedge funds holding Cadence Design Systems’s share is Sands Capital Management LLC. It holds Cadence Design Systems’s shares valued at 80M.
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Cadence Design Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$328.00 (20.01% Upside)
$328.00 (20.01% Upside)
Blogger Sentiment
Bullish
CDNS Sentiment 66%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 217.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
18.82%
12-Months-Change
Fundamentals
Return on Equity
29.44%
Trailing 12-Months
Asset Growth
40.17%
Trailing 12-Months
Company Description
Cadence Design Systems
California-based Cadence Design Systems, Inc. is a multinational computational software company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company designs and develops integrated circuits and electronic devices. Its products are used for various market applications including consumer, hyperscale computing, 5G communications, automotive, aerospace, industrial and health.
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CDNS Earnings Call
Q2 2024
0:00 / 0:00
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CDNS Revenue Breakdown
27.00% Digital IC Design and Signoff
27.00% Functional Verification, including Emulation and Prototyping Hardware
22.00% Custom IC Design and Simulation
12.00% IP
12.00% System Design and Analysis
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CDNS Stock 12 Month Forecast
Average Price Target
$328.00
▲(20.01% Upside)
Technical Analysis
Best Analysts Covering CDNS
1 Year
1 Year Success Rate
15/23 ratings generated profit
1 Year Average Return
+22.65%
reiterated a buy rating 2 months ago
Copying Joseph Vruwink's trades and holding each position for 1 Year would result in 65.22% of your transactions generating a profit, with an average return of +22.65% per trade.
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