Cadence Design Systems (CDNS)

Cadence Design Stock Analysis & Ratings



P/E Ratio Range

The price to earnings ratio. This is used by investors to assess a stock’s market price relative to its earnings.


Risk Analysis

Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy

Product Monthly Users

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What was Cadence Design’s price range in the past 12 months?
Cadence Design lowest stock price was $132.31 and its highest was $192.70 in the past 12 months.
    What is Cadence Design’s market cap?
    Currently, no data Available
    What is Cadence Design’s price target?
    The average price target for Cadence Design is $191.67. This is based on 6 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
    The highest analyst price target is $206.00 ,the lowest forecast is $175.00. The average price target represents 3.98% Increase from the current price of $184.33.
      What do analysts say about Cadence Design?
      Cadence Design’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 6 Wall Streets Analysts.
        When is Cadence Design’s upcoming earnings report date?
        Cadence Design’s upcoming earnings report date is Oct 24, 2022 which is in 76 days.
          How were Cadence Design’s earnings last quarter?
          Cadence Design released its earnings results on Jul 25, 2022. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.965 by $0.115.
            Is Cadence Design overvalued?
            According to Wall Street analysts Cadence Design’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
              Does Cadence Design pay dividends?
              Cadence Design does not currently pay dividends.
              What is Cadence Design’s EPS estimate?
              Cadence Design’s EPS estimate is $0.96.
                How many shares outstanding does Cadence Design have?
                Cadence Design has 273,870,000 shares outstanding.
                  What happened to Cadence Design’s price movement after its last earnings report?
                  Cadence Design reported an EPS of $1.08 in its last earnings report, beating expectations of $0.965. Following the earnings report the stock price went up 1.843%.
                    Which hedge fund is a major shareholder of Cadence Design?
                    Among the largest hedge funds holding Cadence Design’s share is Echo Street Capital Management LLC. It holds Cadence Design’s shares valued at 155M.


                      Cadence Design Stock Analysis

                      Smart Score
                      Price Target
                      ▲(3.98% Upside)
                      Moderate Buy
                      The Cadence Design stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.
                      Learn more about TipRanks Smart Score

                      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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