Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cadence Design Systems (CDNS)
NASDAQ:CDNS
Holding CDNS?
Track your performance easily
CDNS Stock Chart & Stats
Day’s Range― - ―
52-Week Range$241.29 - $328.99
Previous CloseN/A
Volume226.19K
Average Volume (3M)1.52M
Market Cap
$81.98B
Enterprise Value$74.19B
Total Cash (Recent Filing)$468.29M
Total Debt (Recent Filing)$643.49M
Price to Earnings (P/E)80.4
Beta1.45
Next Earnings
Feb 18, 2025EPS Estimate
1.82Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.80
Shares Outstanding274,263,000
10 Day Avg. Volume1,436,947
30 Day Avg. Volume1,523,163
Standard Deviation0.08
R-Squared0.42
Alpha0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)18.83
Price to Cash Flow (P/CF)50.00
P/FCF Ratio51.10
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue17.04
Enterprise Value/Gross Profit20.30
Enterprise Value/Ebitda47.51
Forecast
1Y Price Target
$329.50Price Target Upside7.82% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
Cadence Design News
PremiumCompany Announcements
Cadence Design Welcomes Industry Veteran to Board
Bulls Say, Bears Say
Bulls Say
Artificial IntelligenceCadence 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.
Hardware DemandStrong demand for Cadence's Z3 / X3 platform suggests potential upside to 2025 functional verification revenue estimates.
Strategic CollaborationsBusiness highlights include a major deal with Arm and an expanded partnership with TSMC, showcasing strategic collaborations.
Bears Say
Market CompetitionThe 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.
Order FulfillmentBacklog and cRPO were weak, showing some challenges in short-term order fulfillment.
Sales OutlookSlowing Intel and Samsung spend is expected to affect FY25 sales.
---
Ownership Overview
0.20% Insiders
24.66% Mutual Funds
0.42% Other Institutional Investors
48.70% 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.
---
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?
Cadence Design Systems’s market cap is $81.98B.
When is Cadence Design Systems’s upcoming earnings report date?
Cadence Design Systems’s upcoming earnings report date is Feb 18, 2025 which is in 27 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?
Currently, no hedge funds are holding shares in CDNS
---
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:
$329.50 (7.82% Upside)
$329.50 (7.82% Upside)
Blogger Sentiment
Bullish
CDNS Sentiment 66%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 1.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 2.2%
Last 30 Days ▲ 2.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
10.96%
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.
---
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
---
CDNS Stock 12 Month Forecast
Average Price Target
$329.50
▲(7.82% Upside)
Technical Analysis
Best Analysts Covering CDNS
1 Year
1 Year Success Rate
9/11 ratings generated profit
1 Year Average Return
+16.55%
reiterated a buy rating 3 months ago
Copying Ruben Roy's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +16.55% per trade.
---