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

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$61.20 +0.21 (+0.34 %)
(As of 03/18/2019 02:18 PM ET)
Previous Close$60.99
Today's Range$61.01 - $61.70
52-Week Range$35.49 - $62.17
Volume102,804 shs
Average Volume1.85 million shs
Market Capitalization$17.21 billion
P/E Ratio49.75
Dividend YieldN/A
Beta1.1
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

Industry N/A
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.14 billion
Cash Flow$1.6662 per share
Book Value$4.57 per share

Profitability

Net Income$345.77 million

Miscellaneous

Employees7,500
Market Cap$17.21 billion
Next Earnings Date4/22/2019 (Estimated)
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 has initiated a share buyback program on Wednesday, April 12th 2017, which authorizes the company to buyback $525,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 79% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems Inc (NASDAQ:CDNS) released its earnings results on Tuesday, February, 19th. The software maker reported $0.35 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.29 by $0.06. The software maker had revenue of $569.90 million for the quarter, compared to analysts' expectations of $550.22 million. Cadence Design Systems had a return on equity of 28.36% and a net margin of 16.17%. The business's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 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 Monday, April 22nd 2019. View Earnings Estimates for Cadence Design Systems.

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

Cadence Design Systems updated its FY19 earnings guidance on Tuesday, February, 19th. The company provided EPS guidance of $1.97-2.07 for the period, compared to the Thomson Reuters consensus estimate of $1.96. The company issued revenue guidance of $2.27-2.31 billion, compared to the consensus revenue estimate of $2.26 billion.Cadence Design Systems also updated its FY 2019 guidance to $1.97-2.07 EPS.

What price target have analysts set for CDNS?

7 equities research analysts have issued 1-year price targets for Cadence Design Systems' shares. Their predictions range from $46.00 to $64.00. On average, they expect Cadence Design Systems' share price to reach $53.7143 in the next year. This suggests that the stock has a possible downside of 12.2%. 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?

Press coverage about CDNS stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cadence Design Systems earned a news sentiment score of 1.1 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Cadence Design Systems' key competitors?

What other stocks do shareholders of Cadence Design Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Design Systems investors own include CA (CA), Cisco Systems (CSCO), NVIDIA (NVDA), Home Depot (HD), Intel (INTC), Micron Technology (MU), Starbucks (SBUX), Alibaba Group (BABA), BlackRock (BLK) and Broadcom (AVGO).

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the folowing people:
  • Mr. Lip-Bu Tan, CEO & Director (Age 59)
  • Mr. Anirudh Devgan, Pres (Age 49)
  • Mr. John M. Wall, Sr. VP & CFO (Age 48)
  • Mr. Aneel Zaman, Sr. VP of Worldwide Field Operations (Age 50)
  • Mr. Surendra Babu Mandava, Sr. VP of R&D and GM of IP Group (Age 60)

Who are Cadence Design Systems' major shareholders?

Cadence Design Systems' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (8.10%), BlackRock Inc. (7.22%), Parnassus Investments CA (5.10%), Geode Capital Management LLC (1.61%), Northern Trust Corp (1.21%) and Millennium Management LLC (0.96%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, Geoffrey G Ribar, James D Plummer, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni, Surendra Babu Mandava 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 D. E. Shaw & Co. Inc., First Trust Advisors LP, First Quadrant L P CA, Sumitomo Mitsui Asset Management Company LTD, Squarepoint Ops LLC, BlackRock Inc., Canada Pension Plan Investment Board and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, James D Plummer, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni, Surendra Babu Mandava and Thomas P Beckley. View Insider Buying and Selling for Cadence Design Systems.

Which major investors are buying Cadence Design Systems stock?

CDNS stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Parnassus Investments CA, Norges Bank, Millennium Management LLC, FMR LLC, Wedge Capital Management L L P NC, Bank of Montreal Can and Two Sigma Investments LP. 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 $61.1950.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $17.21 billion and generates $2.14 billion in revenue each year. The software maker earns $345.77 million in net income (profit) each year or $1.23 on an earnings per share basis. Cadence Design Systems employs 7,500 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:  369 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  661
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 3/18/2019 by MarketBeat.com Staff

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