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Cadence Design Systems (CDNS)
NASDAQ:CDNS
Cadence Design (CDNS) Stock Price & Analysis
2,335 Followers
CDNS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$194.01 - $327.36
Previous Close$281.76
Volume1.12M
Average Volume (3M)1.53M
Market Cap
$77.21B
Enterprise Value$76.45B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)73.8
Beta1.28
Next Earnings
Jul 22, 2024EPS Estimate
$1.23Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.82
Shares Outstanding272,239,000
10 Day Avg. Volume1,954,902
30 Day Avg. Volume1,527,041
Standard Deviation0.08
R-Squared0.45
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)50.66
Price to Sales (P/S)18.75
Price to Cash Flow (P/CF)71.30
P/FCF Ratio78.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$325.45Price Target Upside16.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Cadence Design News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst maintains Outperform rating based on bullish implications from the new hardware investment cycle starting earlier, suggesting a stronger estimate revision cycle in the upcoming fiscal year.
Revenue GrowthUpfront revenues expected to approach a significant increase versus the previous year, showcasing a robust growth trajectory.
Strategic AcquisitionBentley Systems' potential acquisition by Cadence Design Systems is seen as a strategic fit that could significantly bolster annual revenue and expand opportunities beyond current markets.
Bears Say
Acquisition ImpactThe acquisition is expected to be dilutive to EPS in the short term.
Geopolitical And Market ConcernsChina revenue contribution was lower in Q1, with government restrictions remaining a concern.
Guidance And ExpectationsGuidance for full-year revenue was only slightly raised despite the earnings beat.
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Ownership Overview
4.50% Insiders
28.25% Mutual Funds
25.48% Other Institutional Investors
41.77% 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 $194.01 and its highest was $327.36 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 Jul 22, 2024 which is in 87 days.
How were Cadence Design Systems’s earnings last quarter?
Cadence Design Systems released its earnings results on Apr 22, 2024. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.126 by $0.044.
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 $1.23.
How many shares outstanding does Cadence Design Systems have?
Cadence Design Systems has 272,600,860 shares outstanding.
What happened to Cadence Design Systems’s price movement after its last earnings report?
Cadence Design Systems reported an EPS of $1.17 in its last earnings report, beating expectations of $1.126. Following the earnings report the stock price went down -1.144%.
Which hedge fund is a major shareholder of Cadence Design Systems?
Among the largest hedge funds holding Cadence Design Systems’s share is Dodge & Cox. It holds Cadence Design Systems’s shares valued at 75M.
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Cadence Design Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$325.45 (16.60% Upside)
$325.45 (16.60% Upside)
Blogger Sentiment
Bullish
CDNS Sentiment 71%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.7M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $760.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.6%
Last 30 Days ▼ 4.3%
Last 30 Days ▼ 4.3%
News Sentiment
Very Bullish
Bullish news 90%
Bearish news 10%
Bearish news 10%
Technicals
SMA
Positive
20 days / 200 days
Momentum
30.36%
12-Months-Change
Fundamentals
Return on Equity
32.17%
Trailing 12-Months
Asset Growth
10.64%
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
Q1 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 Months Forecast
Average Price Target
$325.45
▲(16.60% Upside)
Technical Analysis
Best Analysts Covering CDNS
1 Year
1 Year Success Rate
21/26 ratings generated profit
1 Year Average Return
+26.48%
reiterated a buy rating 4 days ago
Copying Gary Mobley's trades and holding each position for 1 Year would result in 80.77% of your transactions generating a profit, with an average return of +26.48% per trade.
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