Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cadence Design Systems (DE:CDS)
FRANKFURT:CDS
Holding DE:CDS?
Track your performance easily
CDS Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€210.45 - €307.70
Previous Close€243.1
Volume19.00
Average Volume (3M)132.00
Market Cap
€66.81B
Enterprise Value€66.48B
Total Cash (Recent Filing)$1.01B
Total Debt (Recent Filing)$649.31M
Price to Earnings (P/E)―
Beta0.52
Next Earnings
Oct 21, 2024EPS Estimate
€1.3Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding273,820,000
10 Day Avg. Volume33
30 Day Avg. Volume132
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)18.66
Price to Sales (P/S)18.35
Price to Cash Flow (P/CF)73.90
P/FCF Ratio88.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue16.31
Enterprise Value/Gross Profit18.19
Enterprise Value/Ebitda45.59
Forecast
1Y Price Target
€294.45Price Target Upside21.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Cadence Design News
PremiumCompany Announcements
Cadence Design’s Strategic Financial Maneuvers in Senior Notes Offering
PremiumCompany Announcements
Cadence Design Strengthens Financial Strategy with New Credit Facility
PremiumStock Analysis & Ideas
CDNS, DDOG, FSLR: Which Strong Buy-Rated Tech Stock’s a Better Buy?Bulls Say, Bears Say
Bulls Say
Backlog And Future GrowthBacklog continues to remain at a record $6bn level, with the associated benefit expected throughout the second half of the year and into 2025.
Growth DriversAI-led complexity growth is still ahead, giving confidence to double-digit growth sustainability.
Market PositionCadence is a premier software asset with an enviable market position in EDA and a robust operating profile.
Bears Say
CompetitionPlatform shifts weaken old moats, and EDA could see new competitors.
Industry DemandTepid 2Q results have reinforced the narrative of slowing industry demand.
ValuationCadence appears overvalued with a 14.5x EV/revenue and 62x '25E GAAP P/E, especially given the low double-digit revenue growth forecast.
---
Options Prices
Currently, No data available
---
Ownership Overview
4.43% Insiders
28.95% Mutual Funds
41.22% Other Institutional Investors
25.40% 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 €210.45 and its highest was €307.70 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 Oct 21, 2024 which is in 24 days.
How were Cadence Design Systems’s earnings last quarter?
Cadence Design Systems released its earnings results on Jul 22, 2024. The company reported €1.152 earnings per share for the quarter, beating the consensus estimate of €1.105 by €0.048.
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 €1.3.
How many shares outstanding does Cadence Design Systems have?
Cadence Design Systems has 273,820,000 shares outstanding.
What happened to Cadence Design Systems’s price movement after its last earnings report?
Cadence Design Systems reported an EPS of €1.152 in its last earnings report, beating expectations of €1.105. Following the earnings report the stock price went down -1.25%.
Which hedge fund is a major shareholder of Cadence Design Systems?
Among the largest hedge funds holding Cadence Design Systems’s share is Sands Capital Management LLC. It holds Cadence Design Systems’s shares valued at 80M.
---
Cadence Design Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
€294.45 (21.12% Upside)
€294.45 (21.12% Upside)
Blogger Sentiment
Bullish
DE:CDS Sentiment 66%
Sector Average 66%
Sector Average 66%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
17.53%
12-Months-Change
Fundamentals
Return on Equity
29.44%
Trailing 12-Months
Asset Growth
40.17%
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.
---
CDS Earnings Call
Q2 2024
0:00 / 0:00
---
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
---
CDS Stock 12 Month Forecast
Average Price Target
€294.45
▲(21.12% Upside)
Technical Analysis
Best Analysts Covering CDS
1 Year
1 Year Success Rate
15/23 ratings generated profit
1 Year Average Return
+22.65%
reiterated a buy rating 2 months ago
Copying Joseph Vruwink's trades and holding each position for 1 Year would result in 65.22% of your transactions generating a profit, with an average return of +22.65% per trade.
---