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Cadence Design Systems (CDNS)
NASDAQ:CDNS
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CDNS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$241.29 - $328.99
Previous Close$301.47
Volume3.04M
Average Volume (3M)1.86M
Market Cap
$82.24B
Enterprise Value$82.28B
Total Cash (Recent Filing)$2.79B
Total Debt (Recent Filing)$2.83B
Price to Earnings (P/E)79.3
Beta1.48
Next Earnings
Feb 25, 2025EPS Estimate
$1.82Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.80
Shares Outstanding274,263,000
10 Day Avg. Volume1,505,796
30 Day Avg. Volume1,861,627
Standard Deviation0.08
R-Squared0.41
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)18.12
Price to Sales (P/S)18.89
Price to Cash Flow (P/CF)50.20
P/FCF Ratio51.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue18.90
Enterprise Value/Gross Profit22.51
Enterprise Value/Ebitda52.69
Forecast
1Y Price Target
$322.00Price Target Upside6.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Cadence Design News
PremiumCompany Announcements
Cadence Design Welcomes Industry Veteran to Board
Bulls Say, Bears Say
Bulls Say
AI MonetizationCadence is well positioned to benefit from AI monetization through integration of AI features in its existing software-based product offerings and development of new AI-based tools.
Automotive And Semiconductor GrowthAutomotive is seen as a key growth driver as semiconductor content grows materially.
Strategic CollaborationsBusiness highlights include a major deal with Arm and an expanded partnership with TSMC, showcasing strategic collaborations.
Bears Say
Competitive EnvironmentThe systems design market is becoming more competitive with Synopsys' and Siemens' pending acquisitions, which may prompt Cadence to explore potential acquisition opportunities to bolster its offerings.
Financial PerformanceBacklog and cRPO were weak, showing some challenges in short-term order fulfillment.
Valuation ConcernsReluctantly find too many long-term uncertainties around core technology transitions, which have yet to be reflected in CDNS's premium valuation.
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Ownership Overview
0.20% Insiders
24.86% Mutual Funds
16.74% Other Institutional Investors
32.26% 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 $241.29 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 Feb 25, 2025 which is in 66 days.
How were Cadence Design Systems’s earnings last quarter?
Cadence Design Systems released its earnings results on Oct 28, 2024. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.462 by $0.178.
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 $1.82.
How many shares outstanding does Cadence Design Systems have?
Cadence Design Systems has 274,263,000 shares outstanding.
What happened to Cadence Design Systems’s price movement after its last earnings report?
Cadence Design Systems reported an EPS of $1.64 in its last earnings report, beating expectations of $1.462. Following the earnings report the stock price went up 12.533%.
Which hedge fund is a major shareholder of Cadence Design Systems?
Among the largest hedge funds holding Cadence Design Systems’s share is Coatue Management, LLC. It holds Cadence Design Systems’s shares valued at 359M.
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Cadence Design Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$322.00 (6.81% Upside)
$322.00 (6.81% Upside)
Blogger Sentiment
Bullish
CDNS Sentiment 70%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 1.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 4.1%
Last 30 Days ▼ 4.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.32%
12-Months-Change
Fundamentals
Return on Equity
27.07%
Trailing 12-Months
Asset Growth
68.78%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
Cadence demonstrated strong performance in Q3 2024, with significant growth in AI-driven solutions, system design, and analysis. The company raised its EPS outlook and expanded key partnerships. Despite a decline in China revenue, sequential improvements suggest recovery. The strong pipeline for Q4 indicates continued momentum, though there is a noted concentration in hardware revenue.Read More>---
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
$322.00
▲(6.81% Upside)
Technical Analysis
Best Analysts Covering CDNS
1 Year
1 Year Success Rate
10/11 ratings generated profit
1 Year Average Return
+17.95%
reiterated a buy rating 2 months ago
Copying Ruben Roy's trades and holding each position for 1 Year would result in 90.91% of your transactions generating a profit, with an average return of +17.95% per trade.
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