Cadence Design Systems Company Profile (NASDAQ:CDNS)

About Cadence Design Systems

Cadence Design Systems logoCadence Design Systems, Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Company's SDE product offerings include electronic design automation (EDA), software, emulation and prototyping hardware, and two categories of intellectual property (IP): verification IP (VIP) and design IP. The Company provides maintenance for its software, emulation hardware and IP product offerings. The Company offers products and technologies for Functional Verification, including Emulation and Prototyping Hardware; Digital IC Design and Signoff; Custom IC Design; System Interconnect and Analysis, and IP. It offers products and services to electronics systems and semiconductor companies, Internet service providers and other technology companies that deliver a range of electronics products in market segments, such as mobile and consumer devices, communications and personal computers.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Application Software
  • Sub-Industry: Application Software
  • Exchange: NASDAQ
  • Symbol: CDNS
  • CUSIP: 12738710
Key Metrics:
  • Previous Close: $25.52
  • 50 Day Moving Average: $25.37
  • 200 Day Moving Average: $24.68
  • 52-Week Range: $18.32 - $28.00
  • Trailing P/E Ratio: 31.01
  • Foreward P/E Ratio: 19.19
  • P/E Growth: 2.02
  • Market Cap: $7.16B
  • Outstanding Shares: 292,338,000
  • Beta: 1.14
  • Net Margins: 13.70%
  • Return on Equity: 21.70%
  • Return on Assets: 11.01%
  • Debt-to-Equity Ratio: 0.60%
  • Current Ratio: 1.70%
  • Quick Ratio: 1.59%
Additional Links:
Companies Related to Cadence Design Systems:

Analyst Ratings

Consensus Ratings for Cadence Design Systems (NASDAQ:CDNS) (?)
Ratings Breakdown: 3 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $26.85 (5.21% upside)

Analysts' Ratings History for Cadence Design Systems (NASDAQ:CDNS)
DateFirmActionRatingPrice TargetDetails
10/19/2016Credit Suisse Group AGInitiated CoverageNeutral$25.00View Rating Details
10/10/2016DA DavidsonUpgradeNeutral -> Buy$25.00 -> $30.00View Rating Details
7/26/2016RBC Capital MarketsReiterated RatingOutperform$29.00View Rating Details
7/26/2016Bank of America Corp.Reiterated RatingBuy$30.00View Rating Details
6/14/2016Needham & Company LLCDowngradeBuy -> HoldView Rating Details
6/6/2016Royal Bank Of CanadaInitiated CoverageOutperform$29.00View Rating Details
4/26/2016Topeka Capital MarketsBoost Price TargetBuy$25.00 -> $27.00View Rating Details
2/4/2016Northland SecuritiesLower Price Target$27.50 -> $26.50View Rating Details
2/4/2016JPMorgan Chase & Co.Boost Price TargetNeutral$21.00 -> $22.00View Rating Details
10/27/2015Piper Jaffray Cos.Reiterated RatingBuy$22.00 -> $26.00View Rating Details
10/8/2015Benchmark Co.Initiated CoverageHold$22.00View Rating Details
7/28/2015Summit ResearchReiterated RatingBuy$23.00 -> $30.00View Rating Details
2/5/2015Pacific CrestDowngradeOutperform -> Sector PerformView Rating Details
(Data available from 10/27/2014 forward)


Earnings History for Cadence Design Systems (NASDAQ:CDNS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2016Q316$0.28$0.30$446.71 million$446.20 millionViewListenView Earnings Details
7/25/2016Q216$0.28$0.29$449.54 million$453.00 millionViewListenView Earnings Details
4/25/2016Q116$0.27$0.28$444.73 million$448.00 millionViewListenView Earnings Details
2/3/2016Q415$0.29$0.31$440.24 million$441.08 millionViewN/AView Earnings Details
10/26/2015Q315$0.26$0.28$429.40 million$434.00 millionViewListenView Earnings Details
7/27/2015Q215$0.24$0.27$416.36 million$415.89 millionViewListenView Earnings Details
4/27/2015Q115$0.21$0.23$409.11 million$411.37 millionViewN/AView Earnings Details
2/4/2015Q414$0.27$0.27$422.78 million$423.00 millionViewListenView Earnings Details
10/20/2014Q314$0.24$0.26$396.20 million$400.00 millionViewListenView Earnings Details
7/21/2014Q214$0.20$0.21$375.93 million$378.80 millionViewN/AView Earnings Details
4/21/2014Q114$0.19$0.20$376.80 million$378.55 millionViewN/AView Earnings Details
1/29/2014Q413$0.23$0.23$375.62 million$376.70 millionViewN/AView Earnings Details
10/23/2013Q313$0.21$0.21$367.03 million$367.00 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.20$0.21$359.60 million$362.00 millionViewN/AView Earnings Details
4/24/2013Q1 2013$0.20$0.21$347.34 million$354.26 millionViewN/AView Earnings Details
1/30/2013Q4 2012$0.20$0.20$340.70 million$346.00 millionViewN/AView Earnings Details
10/24/2012$0.18$0.21ViewN/AView Earnings Details
7/25/2012$0.18$0.19ViewN/AView Earnings Details
4/25/2012$0.15$0.17ViewN/AView Earnings Details
2/1/2012$0.15$0.17ViewN/AView Earnings Details
10/26/2011$0.12$0.14ViewN/AView Earnings Details
7/28/2011$0.10$0.12ViewN/AView Earnings Details
4/27/2011$0.08$0.09ViewN/AView Earnings Details
2/2/2011$0.04$0.07ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Cadence Design Systems (NASDAQ:CDNS)
Current Year EPS Consensus Estimate: $1.20 EPS
Next Year EPS Consensus Estimate: $1.33 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.16$0.17$0.17
Q2 20162$0.17$0.19$0.18
Q3 20162$0.18$0.19$0.19
Q4 20162$0.22$0.25$0.24
Q1 20172$0.20$0.22$0.21
Q2 20173$0.23$0.25$0.24
Q3 20172$0.24$0.25$0.25
Q4 20171$0.27$0.27$0.27
Q1 20181$0.22$0.22$0.22
Q2 20181$0.26$0.26$0.26
Q3 20181$0.28$0.28$0.28
(Data provided by Zacks Investment Research)


Dividend History for Cadence Design Systems (NASDAQ:CDNS)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading History for Cadence Design Systems (NASDAQ:CDNS)
Insider Ownership Percentage: 2.70%
Institutional Ownership Percentage: 85.44%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/17/2016Lip Bu TanCEOSell100,000$25.99$2,599,000.00View SEC Filing  
9/22/2016Thomas P BeckleyInsiderSell58,646$25.00$1,466,150.00View SEC Filing  
9/12/2016George ScaliseDirectorSell5,000$25.27$126,350.00View SEC Filing  
8/22/2016Thomas P BeckleyVPSell13,548$25.00$338,700.00View SEC Filing  
8/11/2016Anirudh DevganInsiderSell130,000$24.85$3,230,500.00View SEC Filing  
8/1/2016Geoffrey G RibarCFOSell22,933$24.16$554,061.28View SEC Filing  
7/15/2016Lip Bu TanCEOSell25,000$25.59$639,750.00View SEC Filing  
7/12/2016Chi-Ping HsuVPSell3,750$25.60$96,000.00View SEC Filing  
7/5/2016James J CowieVPSell3,121$24.23$75,621.83View SEC Filing  
6/15/2016Lip Bu TanCEOSell150,000$24.39$3,658,500.00View SEC Filing  
6/7/2016Chi-Ping HsuVPSell20,312$25.16$511,049.92View SEC Filing  
6/3/2016Chi-Ping HsuVPSell73,542$24.67$1,814,281.14View SEC Filing  
5/24/2016James J CowieVPSell59,509$25.16$1,497,246.44View SEC Filing  
5/24/2016John B ShovenDirectorSell50,000$24.63$1,231,500.00View SEC Filing  
5/23/2016Aneel ZamanVPSell28,807$24.33$700,874.31View SEC Filing  
5/20/2016Chi-Ping HsuVPSell20,000$24.22$484,400.00View SEC Filing  
5/20/2016Vincentelli Albert SangiovanniDirectorSell25,000$24.50$612,500.00View SEC Filing  
5/16/2016Chi-Ping HsuVPSell40,000$24.00$960,000.00View SEC Filing  
5/3/2016James J CowieVPSell3,130$23.33$73,022.90View SEC Filing  
5/2/2016Geoffrey G RibarCFOSell19,709$23.31$459,416.79View SEC Filing  
4/28/2016Roger S SiboniDirectorSell9,906$23.50$232,791.00View SEC Filing  
4/15/2016Lip Bu TanCEOSell150,000$23.40$3,510,000.00View SEC Filing  
4/4/2016James J CowieVPSell3,121$23.60$73,655.60View SEC Filing  
3/18/2016Thomas P BeckleyVPSell71,666$23.20$1,662,651.20View SEC Filing  
3/14/2016James J CowieVPSell32,500$22.69$737,425.00View SEC Filing  
1/4/2016Roger S. SiboniDirectorSell13,571$20.42$277,119.82View SEC Filing  
12/1/2015Vincentelli Albert SangiovanniDirectorSell25,000$22.30$557,500.00View SEC Filing  
10/29/2015Roger S. SiboniDirectorSell46,575$22.12$1,030,239.00View SEC Filing  
10/28/2015Thomas P. BeckleyVPSell33,800$22.31$754,078.00View SEC Filing  
10/27/2015Chi-Ping HsuVPSell121,250$22.71$2,753,587.50View SEC Filing  
10/20/2015Lip Bu TanCEOSell155,000$21.19$3,284,450.00View SEC Filing  
10/15/2015James J. CowieVPSell65,000$21.38$1,389,700.00View SEC Filing  
10/9/2015Thomas P. BeckleyVPSell17,600$21.67$381,392.00View SEC Filing  
10/6/2015Thomas P. BeckleyVPSell2,400$21.50$51,600.00View SEC Filing  
9/25/2015John B. ShovenDirectorSell32,912$21.25$699,380.00View SEC Filing  
9/23/2015John B. ShovenDirectorSell17,088$21.26$363,290.88View SEC Filing  
9/21/2015Lip Bu TanCEOSell155,000$21.06$3,264,300.00View SEC Filing  
8/20/2015Lip Bu TanCEOSell155,000$20.78$3,220,900.00View SEC Filing  
6/18/2015Martin LundVPSell25,000$20.16$504,000.00View SEC Filing  
5/4/2015Roger S SiboniDirectorSell10,040$19.06$191,362.40View SEC Filing  
5/1/2015Geoffrey G RibarCFOSell33,333$18.91$630,327.03View SEC Filing  
5/1/2015Roger S SiboniDirectorSell36,307$19.01$690,196.07View SEC Filing  
4/20/2015Lip Bu TanCEOSell125,000$18.58$2,322,500.00View SEC Filing  
4/17/2015Charlie X HuangEVPSell10,000$18.38$183,800.00View SEC Filing  
4/8/2015Thomas P BeckleyVPSell10,000$19.00$190,000.00View SEC Filing  
3/20/2015Anirudh DevganVPSell20,000$18.71$374,200.00View SEC Filing  
3/18/2015Charlie X HuangEVPSell10,000$18.61$186,100.00View SEC Filing  
3/16/2015Chi-Ping HsuVPSell16,299$18.48$301,205.52View SEC Filing  
3/5/2015Chi-Ping HsuVPSell213,701$18.46$3,944,920.46View SEC Filing  
2/25/2015Lip Bu TanCEOSell895,174$18.48$16,542,815.52View SEC Filing  
2/24/2015Lip Bu TanCEOSell120,411$18.62$2,242,052.82View SEC Filing  
2/23/2015Lip Bu TanCEOSell695,589$18.43$12,819,705.27View SEC Filing  
2/20/2015Chi-Ping HsuVPSell117,292$18.23$2,138,233.16View SEC Filing  
11/11/2014James J CowieVPSell82,500$18.57$1,532,025.00View SEC Filing  
6/13/2014Roger S SiboniDirectorSell25,000$16.93$423,250.00View SEC Filing  
6/11/2014John B ShovenDirectorSell25,000$17.02$425,500.00View SEC Filing  
5/27/2014Martin LundSVPSell5,385$17.00$91,545.00View SEC Filing  
5/21/2014Martin LundSVPSell10,605$16.24$172,225.20View SEC Filing  
5/21/2014Thomas BeckleyVPSell1,762$16.50$29,073.00View SEC Filing  
5/20/2014James CowieVPSell110,000$16.09$1,769,900.00View SEC Filing  
3/31/2014Martin LundSVPSell5,000$15.50$77,500.00View SEC Filing  
3/6/2014George ScaliseDirectorSell25,000$15.48$387,000.00View SEC Filing  
3/6/2014James CowieVPSell50,000$15.59$779,500.00View SEC Filing  
3/4/2014Thomas BeckleyVPSell5,837$15.50$90,473.50View SEC Filing  
2/27/2014John ShovenDirectorSell25,000$15.35$383,750.00View SEC Filing  
2/24/2014Roger SiboniDirectorSell25,000$15.25$381,250.00View SEC Filing  
2/21/2014Geoffrey RibarCFOSell20,000$15.00$300,000.00View SEC Filing  
2/21/2014Martin LundSVPSell5,000$15.00$75,000.00View SEC Filing  
2/20/2014Vincentelli Albert SangiovanniDirectorSell25,000$14.95$373,750.00View SEC Filing  
2/12/2014Thomas BeckleyVPSell93,713$14.63$1,371,021.19View SEC Filing  
2/5/2014Lip Bu TanCEOBuy11,000$13.76$151,360.00View SEC Filing  
2/4/2014Lip Bu TanCEOBuy10,000$13.89$138,900.00View SEC Filing  
10/29/2013Lip Bu TanCEOBuy20,000$12.83$256,600.00View SEC Filing  
9/10/2013Geoffrey G RibarCFOSell40,000$13.49$539,600.00View SEC Filing  
6/6/2013George ScaliseDirectorSell25,000$14.93$373,250.00View SEC Filing  
9/17/2012Vincentelli Albert SangiovanniDirectorSell5,000$13.51$67,550.00View SEC Filing  
9/4/2012Chi-Ping HsuVPSell13,887$13.24$183,863.88View SEC Filing  
9/4/2012Vincentelli Albert SangiovanniDirectorSell5,000$13.16$65,800.00View SEC Filing  
8/9/2012Chi-Ping HsuVPSell4,913$12.57$61,756.41View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Cadence Design Systems (NASDAQ:CDNS)
DateHeadline logoCadence Delivers Industry’s First Comprehensive TCL1 Documentation to Support Automotive ISO 26262 Standard (NASDAQ:CDNS) - October 26 at 4:10 PM logoCadence Design Systems, Inc. :CDNS-US: Earnings Analysis: Q3, 2016 By the Numbers : October 26, 2016 (NASDAQ:CDNS) - October 26 at 11:13 AM logoCadence Delivers Industry's First Comprehensive TCL1 Documentation to Support Automotive ISO 26262 Standard (NASDAQ:CDNS) - October 26 at 11:13 AM
News IconCadence Design Systems Inc. (CDNS) Updates Q4 Earnings Guidance (NASDAQ:CDNS) - October 25 at 9:25 PM
News IconCadence Design Systems Inc. (NASDAQ:CDNS) Consensus EPS Outlook (NASDAQ:CDNS) - October 25 at 9:25 PM logoCadence Reference Flow with Digital and Signoff Tools Certified on ... - PR Newswire (press release) (NASDAQ:CDNS) - October 25 at 4:10 PM logoFujitsu Adopts Cadence Palladium Z1 Enterprise Emulation Platform ... - PR Newswire (press release) (NASDAQ:CDNS) - October 25 at 4:10 PM
News IconPay Close Attention To These Analyst Ratings: Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH), Cadence ... - The Voice Registrar (NASDAQ:CDNS) - October 25 at 4:10 PM logoCadence Design Systems, Inc. (NASDAQ:CDNS) Files An 8-K - Market Exclusive (NASDAQ:CDNS) - October 25 at 4:10 PM logoCadence Enables Accelerated Implementation and Signoff of New ARM Cortex-M23 and Cortex-M33 Processors (NASDAQ:CDNS) - October 25 at 4:10 PM logoCadence Design : tops 3Q profit forecasts (NASDAQ:CDNS) - October 25 at 8:59 AM logoCadence Design Systems (CDNS) Q3 2016 Results - Earnings Call Transcript (NASDAQ:CDNS) - October 25 at 8:59 AM logoCadence tops 3Q profit forecasts (NASDAQ:CDNS) - October 25 at 8:59 AM logoCadence Reports Third Quarter 2016 Financial Results (NASDAQ:CDNS) - October 25 at 8:59 AM logoEdited Transcript of CDNS earnings conference call or presentation 24-Oct-16 9:00pm GMT (NASDAQ:CDNS) - October 25 at 8:59 AM
News IconCadence Design Systems, Inc. (NASDAQ:CDNS) Expected to Report 0.18 - CSZ News (NASDAQ:CDNS) - October 24 at 4:03 PM logoCadence Reference Flow with Digital and Signoff Tools Certified on Samsung’s 10nm Process Technology (NASDAQ:CDNS) - October 24 at 4:03 PM logoFujitsu Adopts Cadence Palladium Z1 Enterprise Emulation Platform for Post-K Supercomputer Development (NASDAQ:CDNS) - October 24 at 4:03 PM logoQ3 2016 Cadence Design Systems Inc Earnings Release - After Market Close (NASDAQ:CDNS) - October 24 at 9:19 AM
News IconCadence Design Systems Inc. (NASDAQ:CDNS) Earnings Preview: Should Investors Be Nervous? - The Voice Registrar (NASDAQ:CDNS) - October 22 at 8:25 AM
News IconWall Street Analysts Watch-list: Cadence Design Systems, Inc ... - Wall Street Times (press release) (NASDAQ:CDNS) - October 21 at 12:27 PM logoStocks In Action: Cadence Design Systems Inc. (CDNS), The TJX Companies, Inc. (TJX), Las Vegas Sands Corp. (LVS) - iStreetWire (NASDAQ:CDNS) - October 20 at 8:57 AM
News IconParrent Watching: Does Cadence Design Systems Inc Have Any Gas After Forming This Bearish Ascending Triangle ... - Chester News (NASDAQ:CDNS) - October 19 at 4:00 PM logoCoverage initiated on Cadence Design by Credit Suisse (NASDAQ:CDNS) - October 19 at 4:00 PM logoCadence Design System: A Fairly Priced Leader In Analog (NASDAQ:CDNS) - October 19 at 4:00 PM logoCadence Design Systems Shares Up 26.5% Since SmarTrend's Buy Recommendation (CDNS) (NASDAQ:CDNS) - October 18 at 4:04 PM logoMedia Alert: Cadence Enables Customer Innovation with ARM-Optimized Solutions from Chips to Boards to Systems at ARM TechCon 2016 (NASDAQ:CDNS) - October 18 at 4:04 PM logoAnalyst Rating In Review: Cadence Design Systems Sold Off 1.1% Since Upgraded 7 Days Ago (CDNS) (NASDAQ:CDNS) - October 18 at 9:07 AM
News IconPay Close Attention To These Analyst Ratings Splunk Inc (NASDAQ:SPLK), Cadence Design Systems Inc (NASDAQ ... - The Voice Registrar (NASDAQ:CDNS) - October 17 at 8:59 AM
News IconBroker Roundup For Cadence Design Systems, Inc. (NASDAQ:CDNS) - The De Soto Edge (NASDAQ:CDNS) - October 16 at 4:02 PM
News IconUpdate on Cadence Design Systems Inc. (NASDAQ:CDNS) for the day (NASDAQ:CDNS) - October 15 at 8:57 AM logoNoteworthy Friday Option Activity: CDNS, PRAA, FIVE (NASDAQ:CDNS) - October 14 at 4:01 PM logoCadence Design Systems Shows Strong Fundamentals (NASDAQ:CDNS) - October 14 at 11:27 AM logoCadence Design Systems Shows Strong Fundamentals - Seeking Alpha (NASDAQ:CDNS) - October 13 at 9:23 PM
News IconTech Stocks To Look Out For: Xerox Corporation (XRX), Cadence ... - The Independent Republic (NASDAQ:CDNS) - October 13 at 4:03 PM logoA Proxy Battle at Mentor Graphics Could Drive a Sale (NASDAQ:CDNS) - October 13 at 4:03 PM
News IconIn it for the Long Haul: Update on Cadence Design Systems Inc. (NASDAQ:CDNS) - CSZ News (NASDAQ:CDNS) - October 13 at 9:16 AM
News IconLatest Analyst Reports On Cadence Design Systems, Inc. - NewsDen (NASDAQ:CDNS) - October 12 at 8:38 AM
News IconLatest Analyst Ratings For Cadence Design Systems, Inc. (NASDAQ:CDNS) - The De Soto Edge (NASDAQ:CDNS) - October 9 at 8:50 AM logoWorth Watching Stocks: Cadence Design Systems Inc. (CDNS), Retail Properties of America, Inc. (RPAI), Chico's FAS ... - iStreetWire (NASDAQ:CDNS) - October 8 at 8:53 AM
News IconCadence Design Systems Inc. (NASDAQ:CDNS) Upcoming Earnings: What matter for investors? - The Voice Registrar (NASDAQ:CDNS) - October 8 at 8:53 AM logoCadence Announces Third Quarter 2016 Financial Results Webcast (NASDAQ:CDNS) - October 8 at 8:53 AM
News Icon2 Stocks Attracting Analyst Attention: National Retail Properties (NYSE:NNN), Cadence Design (NASDAQ:CDNS) - The Voice Registrar (NASDAQ:CDNS) - October 5 at 4:22 PM logoUptrend Call Working As Cadence Design Systems Stock Rises 22.3% (CDNS) (NASDAQ:CDNS) - September 30 at 4:34 PM logoCadence Design : Recognized with Four TSMC Partner of the Year Awards (NASDAQ:CDNS) - September 28 at 4:00 PM
News IconCadence Announces General Availability of Tensilica Xtensa LX7 Processor Architecture, Increasing Floating-Point Scalability ... (NASDAQ:CDNS) - September 28 at 4:00 PM
News IconRecently Changed Price Targets On Cadence Design Systems, Inc ... - NewsDen (NASDAQ:CDNS) - September 28 at 8:54 AM
News IconTop Earnings to Watch for: Cadence Design Systems Inc. (NASDAQ:CDNS) - The Voice Registrar (NASDAQ:CDNS) - September 28 at 8:54 AM logoCadence Announces General Availability of Tensilica Xtensa LX7 Processor Architecture, Increasing Floating-Point Scalability with 2 to 64 FLOPS/Cycle (NASDAQ:CDNS) - September 27 at 4:04 PM logoCadence Recognized with Four TSMC Partner of the Year Awards (NASDAQ:CDNS) - September 27 at 4:04 PM


Cadence Design Systems (NASDAQ:CDNS) Chart for Thursday, October, 27, 2016

Last Updated on 10/27/2016 by Staff