NASDAQ:CDNS - Cadence Design Systems Stock Price, News, & Analysis

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$43.07 +0.76 (+1.80 %)
(As of 12/19/2018 06:58 AM ET)
Previous Close$42.31
Today's Range$42.52 - $43.35
52-Week Range$35.49 - $47.40
Volume2.37 million shs
Average Volume1.48 million shs
Market Capitalization$11.94 billion
P/E Ratio40.63
Dividend YieldN/A
Beta1.13
Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis 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 simulation platform; Palladium Z1, a verification computing platform; and Protium S1 field-programmable gate array prototyping platform. The company also provides digital integrated circuit (IC) design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation tools, including place and route, signal integrity, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry, as well as design for manufacturing products for use in the product development process. In addition, it offers custom IC design and verification products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company was founded in 1988 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:CDNS
Previous Symbol
CUSIP12738710
Phone408-943-1234

Debt

Debt-to-Equity Ratio0.27
Current Ratio1.64
Quick Ratio1.58

Price-To-Earnings

Trailing P/E Ratio40.63
Forward P/E Ratio37.13
P/E Growth3.03

Sales & Book Value

Annual Sales$1.94 billion
Price / Sales6.25
Cash Flow$1.4898 per share
Price / Cash Flow28.91
Book Value$3.50 per share
Price / Book12.31

Profitability

EPS (Most Recent Fiscal Year)$1.06
Net Income$204.10 million
Net Margins11.25%
Return on Equity28.44%
Return on Assets13.41%

Miscellaneous

Employees7,200
Outstanding Shares282,140,000
Market Cap$11.94 billion
OptionableOptionable

Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

What is Cadence Design Systems' stock symbol?

Cadence Design Systems trades on the NASDAQ under the ticker symbol "CDNS."

How will Cadence Design Systems' stock buyback program work?

Cadence Design Systems declared that its Board of Directors has initiated a share buyback program on Wednesday, April 12th 2017, which permits the company to repurchase $525,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 79% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems Inc (NASDAQ:CDNS) issued its quarterly earnings data on Monday, October, 22nd. The software maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. The software maker had revenue of $532.47 million for the quarter, compared to analyst estimates of $516.50 million. Cadence Design Systems had a net margin of 11.25% and a return on equity of 28.44%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. View Cadence Design Systems' Earnings History.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for Cadence Design Systems.

What guidance has Cadence Design Systems issued on next quarter's earnings?

Cadence Design Systems issued an update on its fourth quarter earnings guidance on Monday, October, 22nd. The company provided earnings per share (EPS) guidance of $0.46-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.42. The company issued revenue guidance of $545-555 million, compared to the consensus revenue estimate of $529.57 million.Cadence Design Systems also updated its FY 2018 guidance to $1.80-1.82 EPS.

What price target have analysts set for CDNS?

7 equities research analysts have issued 1 year price objectives for Cadence Design Systems' shares. Their forecasts range from $46.00 to $52.00. On average, they anticipate Cadence Design Systems' share price to reach $50.2857 in the next year. This suggests a possible upside of 16.8% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.

What is the consensus analysts' recommendation for Cadence Design Systems?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cadence Design Systems.

Has Cadence Design Systems been receiving favorable news coverage?

News stories about CDNS stock have trended neutral this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cadence Design Systems earned a media sentiment score of 0.1 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future.

Who are some of Cadence Design Systems' key competitors?

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the folowing people:
  • Mr. Lip-Bu Tan, CEO & Director (Age 58)
  • Mr. Anirudh Devgan, Pres (Age 48)
  • Mr. John M. Wall, Sr. VP & CFO (Age 47)
  • Mr. Aneel Zaman, Sr. VP of Worldwide Field Operations (Age 49)
  • Mr. Surendra Babu Mandava, Sr. VP of R&D of IP Group (Age 59)

Who are Cadence Design Systems' major shareholders?

Cadence Design Systems' stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc (11.51%), Massachusetts Financial Services Co. MA (7.99%), BlackRock Inc. (7.33%), Janus Henderson Group PLC (2.87%), Pictet Asset Management Ltd. (1.90%) and AQR Capital Management LLC (1.83%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Geoffrey G Ribar, James D Plummer, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni and Thomas P Beckley. View Institutional Ownership Trends for Cadence Design Systems.

Which major investors are selling Cadence Design Systems stock?

CDNS stock was sold by a variety of institutional investors in the last quarter, including TIAA CREF Investment Management LLC, Janus Henderson Group PLC, O Shaughnessy Asset Management LLC, AXA, Mitsubishi UFJ Trust & Banking Corp, NorthCoast Asset Management LLC, Canada Pension Plan Investment Board and AQR Capital Management LLC. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, James D Plummer, James J Cowie, John B Shoven, John M Wall and Lip Bu Tan. View Insider Buying and Selling for Cadence Design Systems.

Which major investors are buying Cadence Design Systems stock?

CDNS stock was bought by a variety of institutional investors in the last quarter, including Man Group plc, First Trust Advisors LP, Prudential Financial Inc., PointState Capital LP, BlackRock Inc., Marshall Wace LLP, Martingale Asset Management L P and Federated Investors Inc. PA. View Insider Buying and Selling for Cadence Design Systems.

How do I buy shares of Cadence Design Systems?

Shares of CDNS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cadence Design Systems' stock price today?

One share of CDNS stock can currently be purchased for approximately $43.07.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $11.94 billion and generates $1.94 billion in revenue each year. The software maker earns $204.10 million in net income (profit) each year or $1.06 on an earnings per share basis. Cadence Design Systems employs 7,200 workers across the globe.

What is Cadence Design Systems' official website?

The official website for Cadence Design Systems is http://www.cadence.com.

How can I contact Cadence Design Systems?

Cadence Design Systems' mailing address is 2655 SEELY AVENUE BLDG 5, SAN JOSE CA, 95134. The software maker can be reached via phone at 408-943-1234 or via email at [email protected]


MarketBeat Community Rating for Cadence Design Systems (NASDAQ CDNS)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  349 (Vote Outperform)
Underperform Votes:  280 (Vote Underperform)
Total Votes:  629
MarketBeat's community ratings are surveys of what our community members think about Cadence Design Systems and other stocks. Vote "Outperform" if you believe CDNS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CDNS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/19/2018 by MarketBeat.com Staff

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