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: $25.18
  • 50 Day Moving Average: $24.911
  • 200 Day Moving Average: $23.665
  • Trailing P/E Ratio: 29.828
  • Foreward P/E Ratio: 18.54
  • P/E Growth: 2.060
  • Market Cap: $7.36B
  • Outstanding Shares: 292,338,000
  • Beta: 1.11
Additional Links:
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Analyst Ratings

Consensus Ratings for Cadence Design Systems (NASDAQ:CDNS) (?)
Ratings Breakdown: 4 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $26.05 (3.33% upside)

Analysts' Ratings History for Cadence Design Systems (NASDAQ:CDNS)
DateFirmActionRatingPrice TargetDetails
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
4/6/2016DA DavidsonDowngradeBuy -> Neutral$25.00View 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 8/24/2014 forward)


Earnings History for Cadence Design Systems (NASDAQ:CDNS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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: $1.36 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
(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)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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 logoETF’s with exposure to Cadence Design Systems, Inc. : August 24, 2016 (NASDAQ:CDNS) - August 24 at 4:06 PM logoCadence Design : Irida Labs’ NoiseSweeper and EnLight Software Now Available on Cadence Tensilica Imaging/Vision DSPs (NASDAQ:CDNS) - August 23 at 4:17 PM logoCall buyers piling into Cadence Design (NASDAQ:CDNS) - August 23 at 4:17 PM logoIrida Labs' NoiseSweeper and EnLight Software Now Available on Cadence Tensilica Imaging/Vision DSPs (NASDAQ:CDNS) - August 23 at 4:17 PM logoIrida Labs’ NoiseSweeper and EnLight Software Now Available on Cadence Tensilica Imaging/Vision DSPs (NASDAQ:CDNS) - August 23 at 4:17 PM
News IconStock Trading Above Moving Averages: Cadence Design Systems Inc. (NASDAQ:CDNS) - Post News (NASDAQ:CDNS) - August 22 at 4:13 PM
News IconCadence Design Systems, Inc. (NASDAQ:CDNS): Where is the ... - Post News (NASDAQ:CDNS) - August 21 at 8:47 AM logoSynopsys Bolts To Record High On Q3 Blowout, Tugging Up Cadence, Mentor (NASDAQ:CDNS) - August 18 at 3:24 PM
News IconAnalysts' Recommendations and Insider's Trading Activity: Cadence Design Systems Inc (NASDAQ:CDNS) - Post Registrar (NASDAQ:CDNS) - August 17 at 9:34 PM logoStocks Highlights: Dominion Resources (D), Cadence Design (CDNS), Amicus Therapeutics (FOLD) - iStreetWire (NASDAQ:CDNS) - August 16 at 10:26 AM logoCadence Design Systems, Inc. (CDNS) Investment Decreased by Arrowpoint Asset Management, LLC - Finance Daily (NASDAQ:CDNS) - August 15 at 4:18 PM logoCadence Design Systems, Inc. breached its 50 day moving average in a Bullish Manner : CDNS-US : August 12, 2016 (NASDAQ:CDNS) - August 12 at 12:41 PM logoAlliancebernstein L.P. Sells A Lot More Cadence Design Systems, Inc. (CDNS) Stock Last Quarter - Finance Daily (NASDAQ:CDNS) - August 11 at 9:58 PM
News IconLooking At Current Analyst Coverage on Cadence Design Systems Inc (NASDAQ:CDNS) - The Voice Registrar (NASDAQ:CDNS) - August 10 at 3:36 PM
News IconUpcoming Earnings Report: Cadence Design Systems Inc. (NASDAQ:CDNS) - The Voice Registrar (NASDAQ:CDNS) - August 9 at 9:55 PM logoETF’s with exposure to Cadence Design Systems, Inc. : August 9, 2016 (NASDAQ:CDNS) - August 9 at 4:25 PM logoCadence Design Systems, Inc. :CDNS-US: Earnings Analysis: Q2, 2016 By the Numbers : August 8, 2016 (NASDAQ:CDNS) - August 8 at 4:12 PM logoWright Investors Service Inc buys $1495827 stake in Cadence Design Systems Inc (CDNS) - Trade Calls (NASDAQ:CDNS) - August 5 at 4:09 PM logoInsider Activity – Cadence Design Systems, Inc. (NASDAQ:CDNS) - Finance Daily (NASDAQ:CDNS) - August 3 at 9:47 PM logoCadence Delivers Industry's First Design and Verification IP for MIPI SoundWire v1.1 High Quality Audio Solutions (NASDAQ:CDNS) - August 2 at 3:17 PM logoCadence Delivers Industry’s First Design and Verification IP for MIPI SoundWire v1.1 High Quality Audio Solutions (NASDAQ:CDNS) - August 2 at 3:17 PM logoCadence Design Systems, Inc. (CDNS) Stake Down in Latest Report from Uss Investment Management Ltd - Finance Daily (NASDAQ:CDNS) - August 1 at 4:04 PM logoWill Cadence Design Systems, Inc. (NASDAQ:CDNS) Surprise Analysts? - Investor Newswire (NASDAQ:CDNS) - August 1 at 4:04 PM logoRevenue Update on Cadence Design Systems Inc(NASDAQ:CDNS) - Trade Calls (NASDAQ:CDNS) - August 1 at 4:04 PM logoCADENCE DESIGN SYSTEMS INC Financials (NASDAQ:CDNS) - July 29 at 1:04 PM logoIdentifying Analyst Research Reports To Consider: Cadence Design Systems Inc (NASDAQ:CDNS), Senior Housing ... - Review Fortune (NASDAQ:CDNS) - July 29 at 5:35 AM logoStocks To Track: Xilinx (XLNX), Cadence Design (CDNS), American Electric Power (AEP) - iStreetWire (NASDAQ:CDNS) - July 28 at 5:10 PM logoCadence Senior Vice President and Chief Financial Officer Geoff Ribar to Present at the Pacific Crest Global Technology Leadership Forum (NASDAQ:CDNS) - July 28 at 8:00 AM logoCadence Design Systems Inc (NASDAQ:CDNS) nearing 52-week high, short interest down - Street Report (NASDAQ:CDNS) - July 27 at 12:43 PM logoCadence Design Systems, Inc. breached its 50 day moving average in a Bearish Manner : CDNS-US : July 27, 2016 (NASDAQ:CDNS) - July 27 at 8:17 AM
News IconCadence Design Systems Inc. (CDNS) Issues Q3 Earnings Guidance (NASDAQ:CDNS) - July 26 at 4:01 PM logoCadence Design Systems (CDNS): Expectations Overshadowed Execution - RBC (NASDAQ:CDNS) - July 26 at 12:14 PM logoCadence Design Systems : beats Street 2Q forecasts (NASDAQ:CDNS) - July 26 at 12:14 PM logoCadence Design Systems (CDNS) Lip-Bu Tan on Q2 2016 Results - Earnings Call Transcript (NASDAQ:CDNS) - July 26 at 12:14 PM logoCadence Launches Tensilica Fusion G3 DSP Featuring Exceptional Out-of-the-Box Performance for Compute-Intensive Signal Processing Applications (NASDAQ:CDNS) - July 26 at 10:45 AM logoCadence beats Street 2Q forecasts (NASDAQ:CDNS) - July 25 at 5:16 PM
News IconCadence Design Systems Inc (NASDAQ:CDNS): Can the Stock ... - Post Registrar (NASDAQ:CDNS) - July 25 at 3:22 PM logoQ2 2016 Cadence Design Systems Inc Earnings Release - After Market Close (NASDAQ:CDNS) - July 25 at 7:07 AM
News IconFriday Session Wrap-up for Cadence Design Systems Inc. (NASDAQ:CDNS) - Engelwood Daily (NASDAQ:CDNS) - July 23 at 8:24 AM logoCopper Rock Capital Partners buys $39089934 stake in Cadence Design Systems Inc (CDNS) - Trade Calls (NASDAQ:CDNS) - July 22 at 12:15 PM logoSoftware Stocks Q2 Earnings on Jul 25: CDNS, MSTR & More (NASDAQ:CDNS) - July 22 at 10:22 AM
News IconEarnings Focus and Crowd Sourced Sentiment Review for Cadence Design Systems, Inc. (NASDAQ:CDNS) - TGP (NASDAQ:CDNS) - July 21 at 4:11 PM logoAnalysts Ranking Previews: Yahoo! Inc. (NASDAQ:YHOO) , Cadence Design Systems, Inc. (NASDAQ:CDNS) - Street Updates (NASDAQ:CDNS) - July 21 at 7:44 AM
News IconStock Strength in Focus for Cadence Design Systems Inc. (NASDAQ:CDNS) - Press Telegraph (NASDAQ:CDNS) - July 20 at 11:29 PM logoIs It Time to Sell Cadence Design Systems Inc (NASDAQ:CDNS)? - Street Report (NASDAQ:CDNS) - July 20 at 11:29 PM logoCadence Design Systems Inc : half-yearly earnings release (NASDAQ:CDNS) - July 20 at 12:09 PM logoStock Updates on Application Software -- Mobileye, Cadence Design Systems, CDK Global, and RingCentral (NASDAQ:CDNS) - July 20 at 12:09 PM logoMedia Alert: Cadence To Showcase Multi-Purpose, Low-Power DSP at Linley Mobile & Wearables Conference 2016 (NASDAQ:CDNS) - July 20 at 10:45 AM
News IconStock Positive on the Year: Cadence Design Systems Inc. (NASDAQ:CDNS) - TGP (NASDAQ:CDNS) - July 19 at 9:30 PM logoStocks Highlights: Helix Energy Solutions Group, Inc. (HLX), Cadence Design Systems Inc. (CDNS), Equity Residential ... - iStreetWire (NASDAQ:CDNS) - July 19 at 9:30 PM


Cadence Design Systems (NASDAQ:CDNS) Chart for Wednesday, August, 24, 2016

Last Updated on 8/24/2016 by Staff