About Cadence Design Systems (NASDAQ:CDNS)
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.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234
Debt
Debt-to-Equity Ratio0.30
Current Ratio1.24
Quick Ratio1.20
Price-To-Earnings
Trailing P/E Ratio42.47
Forward P/E Ratio47.39
P/E Growth3.94
Sales & Book Value
Annual Sales$1.94 billion
Price / Sales6.53
Cash Flow$1.4636 per share
Price / Cash30.76
Book Value$3.50 per share
Price / Book12.86
Profitability
EPS (Most Recent Fiscal Year)$1.06
Net Income$204.10 million
Net Margins10.52%
Return on Equity29.43%
Return on Assets12.71%
Miscellaneous
Employees7,200
Outstanding Shares281,910,000
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 allows the company to buyback $525,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 79% of its stock through open market purchases. Stock buyback programs are often 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) announced its quarterly earnings data on Monday, April, 23rd. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.03. The software maker earned $517 million during the quarter, compared to the consensus estimate of $505.33 million. Cadence Design Systems had a return on equity of 29.43% and a net margin of 10.52%. Cadence Design Systems's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. View Cadence Design Systems' Earnings History.
When is Cadence Design Systems' next earnings date?
What guidance has Cadence Design Systems issued on next quarter's earnings?
Cadence Design Systems issued an update on its second quarter earnings guidance on Monday, April, 23rd. The company provided earnings per share (EPS) guidance of $0.39-$0.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.38. The company issued revenue guidance of $510-$520 million, compared to the consensus revenue estimate of $505.47 million.
What price target have analysts set for CDNS?
7 equities research analysts have issued 12-month target prices for Cadence Design Systems' shares. Their forecasts range from $41.00 to $47.00. On average, they anticipate Cadence Design Systems' stock price to reach $43.6667 in the next twelve months. View Analyst Ratings for Cadence Design Systems.
Who are some of Cadence Design Systems' key competitors?
Some companies that are related to Cadence Design Systems include Electronic Arts (EA), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), Shopify (SHOP), Splunk (SPLK), Check Point Software Technologies (CHKP), CA Technologies (CA), Dropbox (DBX), ANSYS (ANSS), Citrix Systems (CTXS), Mobileye (MBBYF), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO) and Synopsys (SNPS).
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. Aneel Zaman, Sr. VP of Worldwide Field Operations (Age 49)
- Mr. John M. Wall, Sr. VP & CFO (Age 47)
- Mr. James Haddad, Corp. VP of Corp. Fin. and Treasurer
Has Cadence Design Systems been receiving favorable news coverage?
Headlines about CDNS stock have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cadence Design Systems earned a news impact score of 0.11 on Accern's scale. They also gave news coverage about the software maker an impact score of 46.61 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Cadence Design Systems' major shareholders?
Cadence Design Systems' stock is owned by many different of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (8.09%), BlackRock Inc. (7.22%), Alkeon Capital Management LLC (1.70%), Old Mutual Global Investors UK Ltd. (1.46%), Northern Trust Corp (1.15%) and Guggenheim Capital LLC (0.75%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Chi-Ping Hsu, Geoffrey G Ribar, George Scalise, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni, Thomas P Beckley and Vincentelli Albert Sangiovanni. View Institutional Ownership Trends for Cadence Design Systems.
Which institutional investors are selling Cadence Design Systems stock?
CDNS stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Royal Bank of Canada, Prudential Financial Inc., Swiss National Bank, Schroder Investment Management Group, State of Wisconsin Investment Board, Northern Trust Corp and Meeder Asset Management Inc.. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, Geoffrey G Ribar, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni and Thomas P Beckley. View Insider Buying and Selling for Cadence Design Systems.
Which institutional investors are buying Cadence Design Systems stock?
CDNS stock was purchased by a variety of institutional investors in the last quarter, including Criterion Capital Management LLC, Legal & General Group Plc, Old Mutual Global Investors UK Ltd., Millennium Management LLC, Massachusetts Financial Services Co. MA, BlackRock Inc., NorthCoast Asset Management LLC and Natixis. 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 $45.02.
How big of a company is Cadence Design Systems?
Cadence Design Systems has a market capitalization of $12.69 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.
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 (CDNS)
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.
