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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€276.4
Volume169.00
Average Volume (3M)204.00
Market Cap
€75.03B
Enterprise Value€74.70B
Total Cash (Recent Filing)$1.01B
Total Debt (Recent Filing)$649.06M
Price to Earnings (P/E)N/A
Beta0.62
Next Earnings
Apr 22, 2024EPS Estimate
€1.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding272,239,000
10 Day Avg. Volume105
30 Day Avg. Volume204
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)53.47
Price to Sales (P/S)18.67
Price to Cash Flow (P/CF)75.20
P/FCF Ratio83.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue18.26
Enterprise Value/Gross Profit19.88
Enterprise Value/Ebitda50.98
Forecast
1Y Price Target
€307.59Price Target Upside11.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Cadence Design News
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesManagement's bullish commentary on the life sciences opportunity suggests a high potential for growth in new markets.
Strategic AcquisitionThe acquisition of BETA is expected to provide strategic benefits and potential synergies for CDNS.
Upcoming Quarterly ResultsAnalyst expects a slight beat for CDNS in the upcoming quarterly results, driven by better-than-expected hardware revenue.
Bears Say
Earnings GuidanceCDNS guided weaker than expected Q1 earnings suggesting heavier spend and an unfavourable sales mix near term.
Financial PerformanceThe acquisition is expected to be dilutive to EPS in the short term.
Market SentimentAnalyst downgrades rating to Neutral from Buy due to weaker Q1 outlook and higher valuation multiples.
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Options Prices
Currently, No data available
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Ownership Overview
0.00% Insiders
0.00% Mutual Funds
0.78% Other Institutional Investors
99.22% 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 Apr 22, 2024 which is in 4 days.
How were Cadence Design Systems’s earnings last quarter?
Cadence Design Systems released its earnings results on Feb 12, 2024. The company reported €1.3 earnings per share for the quarter, beating the consensus estimate of €1.257 by €0.042.
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 €1.06.
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 €1.3 in its last earnings report, beating expectations of €1.257. Following the earnings report the stock price went down -5.052%.
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:
€307.59 (11.28% Upside)
€307.59 (11.28% Upside)
Blogger Sentiment
Bullish
DE:CDS Sentiment 71%
Sector Average 70%
Sector Average 70%
Insider Transactions
Sold Shares
Worth $760.7K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
37.78%
12-Months-Change
Fundamentals
Return on Equity
33.86%
Trailing 12-Months
Asset Growth
10.36%
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
Q4 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
€307.59
▲(11.28% Upside)
Technical Analysis
Best Analysts Covering CDS
1 Year
1 Year Success Rate
21/26 ratings generated profit
1 Year Average Return
+28.05%
assigned a buy rating 3 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 +28.05% per trade.
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