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Cadence Design Systems (CDNS)
NASDAQ:CDNS
Cadence Design (CDNS) Stock Price & Analysis
2,521 Followers
CDNS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$217.77 - $328.99
Previous Close$279.95
Volume2.61M
Average Volume (3M)1.65M
Market Cap
$76.26B
Enterprise Value$75.91B
Total Cash (Recent Filing)$1.01B
Total Debt (Recent Filing)$649.06M
Price to Earnings (P/E)72.9
Beta1.44
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. Volume1,773,919
30 Day Avg. Volume1,653,218
Standard Deviation0.08
R-Squared0.44
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)56.57
Price to Sales (P/S)81.08
Price to Cash Flow (P/CF)79.60
P/FCF Ratio88.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue18.56
Enterprise Value/Gross Profit20.77
Enterprise Value/Ebitda51.82
Forecast
1Y Price Target
$340.57Price Target Upside21.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Cadence Design News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCDNS has delivered 33% annualized returns over the past decade, outperforming key rivals and indices.
Growth PotentialWell positioned for growth acceleration and renewed booking momentum.
Product InnovationThe new generation of products carry bullish implications.
Bears Say
China RevenueChina revenue contribution was lower in Q1, 12% of sales vs 15% in Q4’22, on high exposure to lumpier hardware/functional verification products.
Revenue GuidanceCadence reported a mixed quarter with 2Q24 revenue guidance missing consensus by ~7%.
ValuationCadence carries a high valuation and communicating backend-weighted revenue forecasts are rarely received favorably.
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Ownership Overview
4.46% Insiders
28.71% Mutual Funds
25.50% Other Institutional Investors
41.33% 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 $217.77 and its highest was $328.99 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 tomorrow.
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 272,423,000 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
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$340.57 (21.65% Upside)
$340.57 (21.65% Upside)
Blogger Sentiment
Bullish
CDNS Sentiment 75%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 333.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 0.8%
Last 30 Days ▼ 0.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.44%
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
$340.57
▲(21.65% Upside)
Technical Analysis
Best Analysts Covering CDNS
1 Year
1 Year Success Rate
12/17 ratings generated profit
1 Year Average Return
+14.09%
assigned a buy rating 2 months ago
Copying Vivek Arya's trades and holding each position for 1 Year would result in 70.59% of your transactions generating a profit, with an average return of +14.09% per trade.
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