Cadence Design Systems (CDNS) Expected to Announce Quarterly Earnings on Monday

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) is projected to release its Q2 2025 earnings data after the market closes on Monday, July 28th. Analysts expect the company to announce earnings of $1.57 per share and revenue of $1.25 billion for the quarter. Cadence Design Systems has set its Q2 2025 guidance at 1.550-1.610 EPS and its FY 2025 guidance at 6.730-6.830 EPS.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its earnings results on Monday, April 28th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.50 by $0.07. Cadence Design Systems had a net margin of 22.18% and a return on equity of 29.36%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The business's quarterly revenue was up 23.1% on a year-over-year basis. On average, analysts expect Cadence Design Systems to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Cadence Design Systems Price Performance

CDNS stock traded down $1.82 on Thursday, hitting $324.64. 1,649,398 shares of the company's stock traded hands, compared to its average volume of 1,496,834. Cadence Design Systems has a 1-year low of $221.56 and a 1-year high of $330.09. The stock has a market cap of $88.64 billion, a price-to-earnings ratio of 82.19, a P/E/G ratio of 4.54 and a beta of 0.99. The stock has a fifty day moving average of $309.18 and a 200-day moving average of $288.52. The company has a current ratio of 3.07, a quick ratio of 2.90 and a debt-to-equity ratio of 0.52.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $306.35, for a total transaction of $306,350.00. Following the transaction, the vice president owned 105,499 shares in the company, valued at approximately $32,319,618.65. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ita M. Brennan sold 180 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total transaction of $54,720.00. Following the transaction, the director owned 8,010 shares in the company, valued at $2,435,040. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,795 shares of company stock worth $6,065,087 in the last ninety days. Company insiders own 1.99% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cadence Design Systems stock. Brighton Jones LLC boosted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 80.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,519 shares of the software maker's stock after buying an additional 676 shares during the quarter. Brighton Jones LLC's holdings in Cadence Design Systems were worth $456,000 at the end of the most recent reporting period. 84.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CDNS shares. Bank of America upped their price target on shares of Cadence Design Systems from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upgraded shares of Cadence Design Systems from a "neutral" rating to an "overweight" rating and upped their price target for the company from $300.00 to $325.00 in a research report on Thursday, April 24th. KeyCorp restated an "overweight" rating and issued a $358.00 price target (up previously from $340.00) on shares of Cadence Design Systems in a research report on Thursday, July 10th. The Goldman Sachs Group started coverage on shares of Cadence Design Systems in a research report on Thursday, July 10th. They issued a "buy" rating and a $380.00 price target for the company. Finally, Rosenblatt Securities upped their price target on shares of Cadence Design Systems from $295.00 to $300.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $332.57.

About Cadence Design Systems

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.