Free Trial

Cadence Design Systems (CDNS) Competitors

$294.42
-1.32 (-0.45%)
(As of 06/7/2024 ET)

CDNS vs. CRWD, PLTR, DDOG, EA, CRM, ADBE, INTU, SNPS, WDAY, and ADSK

Should you be buying Cadence Design Systems stock or one of its competitors? The main competitors of Cadence Design Systems include CrowdStrike (CRWD), Palantir Technologies (PLTR), Datadog (DDOG), Electronic Arts (EA), Salesforce (CRM), Adobe (ADBE), Intuit (INTU), Synopsys (SNPS), Workday (WDAY), and Autodesk (ADSK).

Cadence Design Systems vs.

Cadence Design Systems (NASDAQ:CDNS) and CrowdStrike (NASDAQ:CRWD) are both large-cap computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, profitability, media sentiment, dividends, risk, valuation, earnings, community ranking and institutional ownership.

Cadence Design Systems has a beta of 1.04, meaning that its share price is 4% more volatile than the S&P 500. Comparatively, CrowdStrike has a beta of 1.08, meaning that its share price is 8% more volatile than the S&P 500.

Cadence Design Systems has a net margin of 25.68% compared to CrowdStrike's net margin of 4.01%. Cadence Design Systems' return on equity of 32.44% beat CrowdStrike's return on equity.

Company Net Margins Return on Equity Return on Assets
Cadence Design Systems25.68% 32.44% 19.18%
CrowdStrike 4.01%7.39%2.63%

84.9% of Cadence Design Systems shares are held by institutional investors. Comparatively, 71.2% of CrowdStrike shares are held by institutional investors. 2.0% of Cadence Design Systems shares are held by insiders. Comparatively, 4.3% of CrowdStrike shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

In the previous week, CrowdStrike had 88 more articles in the media than Cadence Design Systems. MarketBeat recorded 103 mentions for CrowdStrike and 15 mentions for Cadence Design Systems. Cadence Design Systems' average media sentiment score of 0.99 beat CrowdStrike's score of 0.52 indicating that Cadence Design Systems is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cadence Design Systems
11 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
CrowdStrike
34 Very Positive mention(s)
12 Positive mention(s)
26 Neutral mention(s)
6 Negative mention(s)
0 Very Negative mention(s)
Positive

Cadence Design Systems has higher revenue and earnings than CrowdStrike. Cadence Design Systems is trading at a lower price-to-earnings ratio than CrowdStrike, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cadence Design Systems$4.09B19.61$1.04B$3.8476.67
CrowdStrike$3.06B27.64$89.33M$0.53658.73

Cadence Design Systems presently has a consensus target price of $331.11, indicating a potential upside of 12.46%. CrowdStrike has a consensus target price of $375.61, indicating a potential upside of 7.59%. Given Cadence Design Systems' higher probable upside, equities analysts plainly believe Cadence Design Systems is more favorable than CrowdStrike.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cadence Design Systems
0 Sell rating(s)
2 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.78
CrowdStrike
0 Sell rating(s)
1 Hold rating(s)
37 Buy rating(s)
0 Strong Buy rating(s)
2.97

Cadence Design Systems received 108 more outperform votes than CrowdStrike when rated by MarketBeat users. Likewise, 71.21% of users gave Cadence Design Systems an outperform vote while only 68.30% of users gave CrowdStrike an outperform vote.

CompanyUnderperformOutperform
Cadence Design SystemsOutperform Votes
569
71.21%
Underperform Votes
230
28.79%
CrowdStrikeOutperform Votes
461
68.30%
Underperform Votes
214
31.70%

Summary

Cadence Design Systems beats CrowdStrike on 11 of the 18 factors compared between the two stocks.

Get Cadence Design Systems News Delivered to You Automatically

Sign up to receive the latest news and ratings for CDNS and its competitors with MarketBeat's FREE daily newsletter.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CDNS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart

CDNS vs. The Competition

MetricCadence Design SystemsPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$80.21B$21.52B$21.82B$8.17B
Dividend YieldN/A2.02%2.70%4.04%
P/E Ratio76.6750.45219.2114.45
Price / Sales19.618.04547.7468.78
Price / Cash65.6667.5430.7731.03
Price / Book23.539.526.824.32
Net Income$1.04B$363.36M$630.28M$216.21M
7 Day Performance2.83%0.30%-0.20%-1.44%
1 Month Performance4.19%-4.68%0.53%-0.60%
1 Year Performance29.09%4.69%12.36%3.53%

Cadence Design Systems Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CRWD
CrowdStrike
4.4161 of 5 stars
$342.18
+12.0%
$375.61
+9.8%
+133.9%$82.76B$3.06B950.537,925Analyst Forecast
Analyst Revision
News Coverage
High Trading Volume
PLTR
Palantir Technologies
1.6845 of 5 stars
$22.96
+3.8%
$20.65
-10.0%
+58.7%$51.12B$2.23B191.313,735Gap Down
DDOG
Datadog
4.8589 of 5 stars
$110.48
+1.5%
$137.50
+24.5%
+17.0%$36.96B$2.13B345.255,200Insider Selling
News Coverage
Positive News
EA
Electronic Arts
4.2508 of 5 stars
$137.96
+1.1%
$147.00
+6.6%
+8.4%$36.75B$7.56B29.4813,700Insider Selling
CRM
Salesforce
4.7842 of 5 stars
$236.53
+0.7%
$292.79
+23.8%
+17.5%$229.20B$34.86B42.5472,682Insider Buying
Analyst Revision
ADBE
Adobe
4.8613 of 5 stars
$455.80
+1.7%
$620.72
+36.2%
+11.3%$204.20B$19.41B43.5829,945Upcoming Earnings
Analyst Upgrade
INTU
Intuit
4.9778 of 5 stars
$574.27
+0.4%
$679.41
+18.3%
+35.9%$160.54B$14.37B52.9818,200
SNPS
Synopsys
4.6528 of 5 stars
$588.14
+4.7%
$616.18
+4.8%
+31.3%$86.07B$6.31B63.9320,300Positive News
WDAY
Workday
4.9938 of 5 stars
$212.46
+0.6%
$283.96
+33.7%
+6.0%$56.09B$7.26B38.2818,800Insider Selling
Positive News
ADSK
Autodesk
4.575 of 5 stars
$216.28
+2.0%
$269.05
+24.4%
+7.4%$46.60B$5.50B51.3713,700Upcoming Earnings
Analyst Forecast
News Coverage

Related Companies and Tools

This page (NASDAQ:CDNS) was last updated on 6/8/2024 by MarketBeat.com Staff

From Our Partners