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Cadence Design Systems (CDNS)
NASDAQ:CDNS
Cadence Design (CDNS) Stock Price & Analysis
2,373 Followers
CDNS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$203.13 - $327.36
Previous Close$288.81
Volume1.04M
Average Volume (3M)1.48M
Market Cap
$78.60B
Enterprise Value$78.24B
Total Cash (Recent Filing)$1.01B
Total Debt (Recent Filing)$649.06M
Price to Earnings (P/E)75.3
Beta1.30
Next Earnings
Jul 22, 2024EPS Estimate
$1.23Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.84
Shares Outstanding272,134,000
10 Day Avg. Volume1,161,786
30 Day Avg. Volume1,482,223
Standard Deviation0.08
R-Squared0.45
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)51.32
Price to Sales (P/S)19.22
Price to Cash Flow (P/CF)72.20
P/FCF Ratio79.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue19.13
Enterprise Value/Gross Profit20.82
Enterprise Value/Ebitda53.40
Forecast
1Y Price Target
$332.86Price Target Upside13.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Cadence Design News
PremiumCompany Announcements
Cadence Design Systems: Leadership Changes and Shareholder Decisions
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst maintains an 'Outperform' rating on Cadence Design Systems, hinting at strong future revenue growth and robust return on invested capital.
Product TransitionThe transition from Z2/X2 to Z3/X3 is expected to benefit Cadence Design Systems, aligning with bullish implications for future performance.
Strategic DirectionCadence Design Systems is advancing with its Intelligent Systems Design strategy, aiming to enhance its market position.
Bears Say
Acquisition ConcernsThe acquisition is expected to be dilutive to EPS in the short term.
Earnings GuidanceGuidance for full-year revenue was only slightly raised despite the earnings beat.
Financial PerformanceThe new Z3/X3 launch this year is causing some customers to delay their Z2/X2 orders, preferring the newer generation hardware.
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Ownership Overview
4.51% Insiders
28.33% Mutual Funds
43.00% Other Institutional Investors
24.16% 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 $203.13 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 62 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 272,134,000 shares outstanding.
What happened to Cadence Design Systems’s price movement after its last earnings report?
Cadence Design Systems reported an EPS of $1.17 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 83M.
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Cadence Design Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$332.86 (13.81% Upside)
$332.86 (13.81% Upside)
Blogger Sentiment
Bullish
CDNS Sentiment 71%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 333.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $760.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
41.46%
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 Month Forecast
Average Price Target
$332.86
▲(13.81% Upside)
Technical Analysis
Best Analysts Covering CDNS
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+16.31%
assigned a buy rating 28 days ago
Copying Vivek Arya's trades and holding each position for 1 Year would result in 81.25% of your transactions generating a profit, with an average return of +16.31% per trade.
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