Cadence Design Systems (CDNS) Competitors

$282.41
+5.33 (+1.92%)
(As of 04/26/2024 ET)

CDNS vs. SNPS, PLTR, ADSK, EA, ANSS, SPLK, MSTR, OKTA, PAYC, and INTU

Should you be buying Cadence Design Systems stock or one of its competitors? The main competitors of Cadence Design Systems include Synopsys (SNPS), Palantir Technologies (PLTR), Autodesk (ADSK), Electronic Arts (EA), ANSYS (ANSS), Splunk (SPLK), MicroStrategy (MSTR), Okta (OKTA), Paycom Software (PAYC), and Intuit (INTU).

Cadence Design Systems vs.

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

Cadence Design Systems has a net margin of 25.68% compared to Synopsys' net margin of 22.96%. Cadence Design Systems' return on equity of 32.44% beat Synopsys' return on equity.

Company Net Margins Return on Equity Return on Assets
Cadence Design Systems25.68% 32.44% 19.18%
Synopsys 22.96%22.88%13.88%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cadence Design Systems$4.09B18.79$1.04B$3.8473.54
Synopsys$5.84B14.19$1.23B$9.0859.87

Cadence Design Systems has a beta of 1.04, indicating that its share price is 4% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.06, indicating that its share price is 6% more volatile than the S&P 500.

Synopsys received 244 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.23% of users gave Cadence Design Systems an outperform vote.

CompanyUnderperformOutperform
Cadence Design SystemsOutperform Votes
567
71.23%
Underperform Votes
229
28.77%
SynopsysOutperform Votes
811
72.09%
Underperform Votes
314
27.91%

Cadence Design Systems currently has a consensus price target of $326.11, indicating a potential upside of 15.47%. Synopsys has a consensus price target of $601.00, indicating a potential upside of 10.55%. Given Cadence Design Systems' higher probable upside, equities analysts clearly believe Cadence Design Systems is more favorable than Synopsys.

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
Synopsys
0 Sell rating(s)
0 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
3.00

In the previous week, Cadence Design Systems had 51 more articles in the media than Synopsys. MarketBeat recorded 63 mentions for Cadence Design Systems and 12 mentions for Synopsys. Synopsys' average media sentiment score of 1.13 beat Cadence Design Systems' score of 0.38 indicating that Synopsys is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cadence Design Systems
16 Very Positive mention(s)
8 Positive mention(s)
17 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Neutral
Synopsys
8 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

84.9% of Cadence Design Systems shares are owned by institutional investors. Comparatively, 85.5% of Synopsys shares are owned by institutional investors. 2.0% of Cadence Design Systems shares are owned by insiders. Comparatively, 0.7% of Synopsys shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Summary

Synopsys beats Cadence Design Systems on 10 of the 18 factors compared between the two stocks.

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.
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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.
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CDNS vs. The Competition

MetricCadence Design SystemsPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$76.85B$19.38B$19.93B$7.55B
Dividend YieldN/A2.19%2.77%3.95%
P/E Ratio73.5479.52239.5816.84
Price / Sales18.799.39516.1185.76
Price / Cash61.5166.2728.3534.73
Price / Book21.549.516.724.33
Net Income$1.04B$334.18M$636.74M$214.22M
7 Day Performance0.77%4.75%2.92%1.88%
1 Month Performance-9.29%-2.68%-2.87%-5.23%
1 Year Performance35.87%20.37%16.87%8.41%

Cadence Design Systems Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SNPS
Synopsys
4.6736 of 5 stars
$527.50
+2.3%
$601.00
+13.9%
+48.9%$78.61B$6.13B58.0920,300Positive News
PLTR
Palantir Technologies
2.7532 of 5 stars
$21.64
+3.2%
$18.35
-15.2%
+190.9%$47.87B$2.23B240.423,735Analyst Upgrade
ADSK
Autodesk
4.9493 of 5 stars
$217.93
+0.4%
$272.44
+25.0%
+14.8%$46.62B$5.50B51.7613,700Analyst Downgrade
Short Interest ↓
News Coverage
EA
Electronic Arts
4.2516 of 5 stars
$127.14
+0.0%
$147.00
+15.6%
+2.2%$33.99B$7.43B32.0313,400Analyst Report
Insider Selling
Short Interest ↓
ANSS
ANSYS
4.0349 of 5 stars
$325.97
+0.4%
$323.86
-0.6%
+7.2%$28.46B$2.27B56.896,200Upcoming Earnings
Analyst Report
Short Interest ↓
SPLK
Splunk
1.7163 of 5 stars
$156.90
flat
$135.31
-13.8%
+81.6%$26.44B$4.22B124.528,000Analyst Report
Positive News
MSTR
MicroStrategy
4.423 of 5 stars
$1,338.64
+1.1%
$1,473.00
+10.0%
+328.2%$22.72B$496.26M47.501,934Upcoming Earnings
Analyst Report
Insider Selling
OKTA
Okta
3.3036 of 5 stars
$94.37
+1.2%
$100.39
+6.4%
+33.3%$15.80B$2.26B-43.495,908
PAYC
Paycom Software
4.885 of 5 stars
$188.09
+0.7%
$257.18
+36.7%
-33.9%$10.82B$1.69B31.887,308Upcoming Earnings
INTU
Intuit
4.9252 of 5 stars
$630.88
+3.5%
$645.00
+2.2%
+53.9%$176.65B$14.37B64.3818,200

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This page (NASDAQ:CDNS) was last updated on 4/27/2024 by MarketBeat.com Staff

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