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Cadence Design Systems (DE:CDS)
FRANKFURT:CDS
Cadence Design (CDS) Stock Price & Analysis
4 Followers
CDS Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€177.00 - €302.00
Previous Close€262.85
Volume142.00
Average Volume (3M)211.00
Market Cap
€71.71B
Enterprise Value€71.38B
Total Cash (Recent Filing)$1.01B
Total Debt (Recent Filing)$649.06M
Price to Earnings (P/E)N/A
Beta0.64
Next Earnings
Jul 22, 2024EPS Estimate
€1.14Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding272,239,000
10 Day Avg. Volume192
30 Day Avg. Volume211
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)49.35
Price to Sales (P/S)17.27
Price to Cash Flow (P/CF)69.50
P/FCF Ratio76.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue17.45
Enterprise Value/Gross Profit18.99
Enterprise Value/Ebitda48.72
Forecast
1Y Price Target
€303.39Price Target Upside18.05% 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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Options Prices
Currently, No data available
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Ownership Overview
0.00% Insiders
0.00% Mutual Funds
2.17% Other Institutional Investors
97.83% Public Companies and
Individual Investors
CDS FAQ
What was Cadence Design Systems’s price range in the past 12 months?
Cadence Design Systems lowest stock price was €177.00 and its highest was €302.00 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 86 days.
How were Cadence Design Systems’s earnings last quarter?
Cadence Design Systems released its earnings results on Apr 22, 2024. The company reported €1.093 earnings per share for the quarter, beating the consensus estimate of €1.052 by €0.041.
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 €1.14.
How many shares outstanding does Cadence Design Systems have?
Currently, no data Available
What happened to Cadence Design Systems’s price movement after its last earnings report?
Cadence Design Systems reported an EPS of €1.093 in its last earnings report, beating expectations of €1.052. Following the earnings report the stock price went down -0.811%.
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:
€303.39 (18.05% Upside)
€303.39 (18.05% Upside)
Blogger Sentiment
Bullish
DE:CDS Sentiment 71%
Sector Average 69%
Sector Average 69%
Insider Transactions
Sold Shares
Worth $760.7K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 86%
Bearish news 14%
Bearish news 14%
Technicals
SMA
Positive
20 days / 200 days
Momentum
35.89%
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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CDS Earnings Call
Q1 2024
0:00 / 0:00
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CDS 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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CDS Stock 12 Months Forecast
Average Price Target
€303.39
▲(18.05% Upside)
Technical Analysis
Best Analysts Covering CDS
1 Year
1 Year Success Rate
21/26 ratings generated profit
1 Year Average Return
+25.95%
reiterated a buy rating 6 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 +25.95% per trade.
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