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
SectorComputer and Technology
Trailing P/E Ratio37.30
Forward P/E Ratio46.54
Sales & Book Value
Annual Sales$1.94 billion
Price / Sales5.77
Cash Flow$1.5761 per share
Price / Cash25.10
Book Value$3.50 per share
Price / Book11.30
EPS (Most Recent Fiscal Year)$1.06
Net Income$204.10 million
Return on Equity30.61%
Return on Assets12.92%
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 approved a stock repurchase program on Wednesday, April 12th 2017, which permits the company to buyback $525,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits 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 (NASDAQ:CDNS) announced its earnings results on Monday, April, 23rd. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.03. The software maker earned $517 million during the quarter, compared to analyst estimates of $505.33 million. Cadence Design Systems had a net margin of 10.52% and a return on equity of 30.61%. Cadence Design Systems's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. View Cadence Design Systems' Earnings History.
What guidance has Cadence Design Systems issued on next quarter's earnings?
Cadence Design Systems updated its second quarter earnings guidance on Monday, April, 23rd. The company provided 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 1 year target prices for Cadence Design Systems' shares. Their predictions range from $41.00 to $47.00. On average, they anticipate Cadence Design Systems' share price to reach $43.6667 in the next year. 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 Syst�mes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), Symantec (SYMC), Check Point Software Technologies (CHKP), Splunk (SPLK), CA (CA), Mobileye (MBBYF), Ansys (ANSS), Citrix Systems (CTXS), Synopsys (SNPS), Shopify (SHOP) and SS&C Technologies (SSNC).
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?
News stories about CDNS stock have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cadence Design Systems earned a news sentiment score of 0.05 on Accern's scale. They also assigned news stories about the software maker an impact score of 47.60 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
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 $39.56.
How big of a company is Cadence Design Systems?
Cadence Design Systems has a market capitalization of $10.41 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.
|Community Ranking: || ||2.8 out of 5 ( )|
|Outperform Votes: || ||274 (Thanks for Voting!)|
|Underperform Votes: || ||215 (Thanks for Voting!)|
|Total Votes: || ||489|
Cadence Design Systems (NASDAQ:CDNS) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Cadence Design Systems in the last 12 months. Their average twelve-month price target is $43.6667, suggesting that the stock has a possible upside of 10.38%. The high price target for CDNS is $47.00 and the low price target for CDNS is $41.00. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Buy||Hold|
|Consensus Rating Score: ||2.43||2.33||2.50||2.40|
|Ratings Breakdown: ||1 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$43.6667||$43.25||$43.3333||$37.3333|
|Price Target Upside: ||10.38% upside||3.59% downside||4.97% downside||13.34% downside|
Cadence Design Systems (NASDAQ:CDNS) Consensus Price Target History
Cadence Design Systems (NASDAQ:CDNS) Analyst Ratings History
(Data available from 4/25/2016 forward)
Cadence Design Systems (NASDAQ:CDNS) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Cadence Design Systems (NASDAQ CDNS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.28%
Institutional Ownership Percentage: 85.85%
Cadence Design Systems (NASDAQ CDNS) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|4/9/2018||John M Wall||CFO||Sell||750||$36.16||$27,120.00||124,458|| |
|3/14/2018||John M Wall||CFO||Sell||1,021||$39.25||$40,074.25||127,972|| |
|3/1/2018||Anirudh Devgan||President||Sell||40,063||$38.54||$1,544,028.02||403,387|| |
|2/12/2018||John M Wall||CFO||Sell||750||$37.93||$28,447.50||129,673|| |
|1/16/2018||Anirudh Devgan||President||Sell||44,526||$45.01||$2,004,115.26||377,019|| |
|1/16/2018||Lip Bu Tan||CEO||Sell||25,000||$44.69||$1,117,250.00||458,333|| |
|1/8/2018||John B Shoven||Director||Sell||50,000||$45.00||$2,250,000.00||196,189|| |
|1/8/2018||John M Wall||CFO||Sell||750||$43.95||$32,962.50||109,323|| |
|12/15/2017||Lip Bu Tan||CEO||Sell||100,000||$43.52||$4,352,000.00||533,333|| |
|12/11/2017||John M Wall||CFO||Sell||750||$43.69||$32,767.50||110,073|| |
|12/5/2017||James J Cowie||VP||Sell||35,000||$42.75||$1,496,250.00||117,082|| |
|11/15/2017||Aneel Zaman||VP||Sell||32,255||$44.32||$1,429,541.60||217,497|| |
|11/13/2017||John M Wall||CFO||Sell||750||$43.83||$32,872.50||110,823|| |
|11/8/2017||Thomas P Beckley||Insider||Sell||43,469||$44.09||$1,916,548.21||225,863|| |
|11/1/2017||Roger S Siboni||Director||Sell||18,000||$43.14||$776,520.00||52,194|| |
|10/16/2017||Lip Bu Tan||CEO||Sell||100,000||$41.97||$4,197,000.00||445,833|| |
|10/9/2017||John M Wall||CFO||Sell||750||$40.68||$30,510.00|| |
|8/28/2017||Geoffrey G Ribar||CFO||Sell||15,000||$37.55||$563,250.00||184,413|| |
|8/24/2017||James J Cowie||VP||Sell||5,036||$37.21||$187,389.56||82,082|| |
|8/21/2017||Geoffrey G Ribar||CFO||Sell||5,000||$36.88||$184,400.00||174,413|| |
|8/17/2017||Geoffrey G Ribar||CFO||Sell||35,000||$37.31||$1,305,850.00||204,413|| |
|8/15/2017||Lip Bu Tan||CEO||Sell||100,000||$37.18||$3,718,000.00||583,332|| |
|7/19/2017||Thomas P Beckley||Insider||Sell||56,250||$35.00||$1,968,750.00||322,734|| |
|7/17/2017||Lip Bu Tan||CEO||Sell||100,000||$34.68||$3,468,000.00||583,332|| |
|6/15/2017||Lip Bu Tan||CEO||Sell||100,000||$34.04||$3,404,000.00||583,332|| |
|5/23/2017||James J Cowie||VP||Sell||55,000||$33.28||$1,830,400.00||137,332|| |
|5/23/2017||John B Shoven||Director||Sell||50,000||$34.00||$1,700,000.00||196,189|| |
|5/22/2017||James J Cowie||VP||Sell||44,000||$33.09||$1,455,960.00||137,332|| |
|5/19/2017||Aneel Zaman||Insider||Sell||29,406||$32.62||$959,223.72||247,495|| |
|4/28/2017||James J Cowie||VP||Sell||47,500||$32.13||$1,526,175.00||140,832|| |
|4/28/2017||Roger S Siboni||Director||Sell||20,507||$32.32||$662,786.24||52,701|| |
|4/17/2017||Lip Bu Tan||CEO||Sell||100,000||$31.26||$3,126,000.00||583,332|| |
|3/9/2017||Anirudh Devgan||Insider||Sell||20,000||$31.19||$623,800.00||313,381|| |
|2/15/2017||Thomas P Beckley||Insider||Sell||34,641||$29.56||$1,023,987.96||256,125|| |
|2/14/2017||Geoffrey G Ribar||CFO||Sell||50,000||$29.80||$1,490,000.00||249,986|| |
|2/14/2017||James J Cowie||VP||Sell||3,560||$29.62||$105,447.20||73,332|| |
|2/9/2017||James J Cowie||VP||Sell||2,087||$29.31||$61,169.97||79,194|| |
|2/7/2017||Geoffrey G Ribar||CFO||Sell||70,000||$29.46||$2,062,200.00||206,072|| |
|2/6/2017||Aneel Zaman||Insider||Sell||8,325||$29.31||$244,005.75|| |
|12/22/2016||Aneel Zaman||Insider||Sell||29,038||$25.52||$741,049.76||239,153|| |
|12/15/2016||Lip Bu Tan||CEO||Sell||100,000||$25.69||$2,569,000.00||466,665|| |
|12/12/2016||Vincentelli Albert Sangiovanni||Director||Sell||75,000||$25.92||$1,944,000.00||89,072|| |
|10/17/2016||Lip Bu Tan||CEO||Sell||100,000||$25.99||$2,599,000.00||466,665|| |
|9/22/2016||Thomas P Beckley||Insider||Sell||58,646||$25.00||$1,466,150.00||305,048|| |
|9/12/2016||George Scalise||Director||Sell||5,000||$25.27||$126,350.00||38,579|| |
|8/22/2016||Thomas P Beckley||VP||Sell||13,548||$25.00||$338,700.00||254,736|| |
|8/11/2016||Anirudh Devgan||Insider||Sell||130,000||$24.85||$3,230,500.00||424,707|| |
|8/1/2016||Geoffrey G Ribar||CFO||Sell||22,933||$24.16||$554,061.28||241,727|| |
|7/15/2016||Lip Bu Tan||CEO||Sell||25,000||$25.59||$639,750.00||512,498|| |
|7/12/2016||Chi-Ping Hsu||VP||Sell||3,750||$25.60||$96,000.00||253,214|| |
|7/5/2016||James J Cowie||VP||Sell||3,121||$24.23||$75,621.83||99,166|| |
|6/15/2016||Lip Bu Tan||CEO||Sell||150,000||$24.39||$3,658,500.00||637,498|| |
|6/7/2016||Chi-Ping Hsu||VP||Sell||20,312||$25.16||$511,049.92||269,776|| |
|6/3/2016||Chi-Ping Hsu||VP||Sell||73,542||$24.67||$1,814,281.14||266,131|| |
|5/24/2016||James J Cowie||VP||Sell||59,509||$25.16||$1,497,246.44||99,166|| |
|5/24/2016||John B Shoven||Director||Sell||50,000||$24.63||$1,231,500.00||168,444|| |
|5/23/2016||Aneel Zaman||VP||Sell||28,807||$24.33||$700,874.31||259,163|| |
|5/20/2016||Chi-Ping Hsu||VP||Sell||20,000||$24.22||$484,400.00||269,464|| |
|5/20/2016||Vincentelli Albert Sangiovanni||Director||Sell||25,000||$24.50||$612,500.00||89,072|| |
|5/16/2016||Chi-Ping Hsu||VP||Sell||40,000||$24.00||$960,000.00||289,464|| |
|5/3/2016||James J Cowie||VP||Sell||3,130||$23.33||$73,022.90||99,166|| |
|5/2/2016||Geoffrey G Ribar||CFO||Sell||19,709||$23.31||$459,416.79||264,660|| |
|4/28/2016||Roger S Siboni||Director||Sell||9,906||$23.50||$232,791.00||28,673|| |
|4/15/2016||Lip Bu Tan||CEO||Sell||150,000||$23.40||$3,510,000.00||637,498|| |
|4/4/2016||James J Cowie||VP||Sell||3,121||$23.60||$73,655.60||99,166|| |
|3/18/2016||Thomas P Beckley||VP||Sell||71,666||$23.20||$1,662,651.20||307,181|| |
|3/14/2016||James J Cowie||VP||Sell||32,500||$22.69||$737,425.00||131,666|| |
|1/4/2016||Roger S. Siboni||Director||Sell||13,571||$20.42||$277,119.82||29,906|| |
|12/1/2015||Vincentelli Albert Sangiovanni||Director||Sell||25,000||$22.30||$557,500.00||55,399|| |
|10/29/2015||Roger S. Siboni||Director||Sell||46,575||$22.12||$1,030,239.00||29,906|| |
|10/28/2015||Thomas P. Beckley||VP||Sell||33,800||$22.31||$754,078.00||92,519|| |
|10/27/2015||Chi-Ping Hsu||VP||Sell||121,250||$22.71||$2,753,587.50||183,078|| |
|10/20/2015||Lip Bu Tan||CEO||Sell||155,000||$21.19||$3,284,450.00||187,498|| |
|10/15/2015||James J. Cowie||VP||Sell||65,000||$21.38||$1,389,700.00||40,833|| |
|10/9/2015||Thomas P. Beckley||VP||Sell||17,600||$21.67||$381,392.00||92,519|| |
|10/6/2015||Thomas P. Beckley||VP||Sell||2,400||$21.50||$51,600.00||92,519|| |
|9/25/2015||John B. Shoven||Director||Sell||32,912||$21.25||$699,380.00||167,820|| |
|9/23/2015||John B. Shoven||Director||Sell||17,088||$21.26||$363,290.88||167,820|| |
|9/21/2015||Lip Bu Tan||CEO||Sell||155,000||$21.06||$3,264,300.00||187,498|| |
|8/20/2015||Lip Bu Tan||CEO||Sell||155,000||$20.78||$3,220,900.00||239,128|| |
|6/18/2015||Martin Lund||VP||Sell||25,000||$20.16||$504,000.00|| |
|5/4/2015||Roger S Siboni||Director||Sell||10,040||$19.06||$191,362.40|| |
|5/1/2015||Geoffrey G Ribar||CFO||Sell||33,333||$18.91||$630,327.03|| |
|5/1/2015||Roger S Siboni||Director||Sell||36,307||$19.01||$690,196.07|| |
|4/20/2015||Lip Bu Tan||CEO||Sell||125,000||$18.58||$2,322,500.00|| |
|4/17/2015||Charlie X Huang||EVP||Sell||10,000||$18.38||$183,800.00|| |
|4/8/2015||Thomas P Beckley||VP||Sell||10,000||$19.00||$190,000.00|| |
|3/20/2015||Anirudh Devgan||VP||Sell||20,000||$18.71||$374,200.00|| |
|3/18/2015||Charlie X Huang||EVP||Sell||10,000||$18.61||$186,100.00|| |
|3/16/2015||Chi-Ping Hsu||VP||Sell||16,299||$18.48||$301,205.52|| |
|3/5/2015||Chi-Ping Hsu||VP||Sell||213,701||$18.46||$3,944,920.46|| |
|2/25/2015||Lip Bu Tan||CEO||Sell||895,174||$18.48||$16,542,815.52|| |
|2/24/2015||Lip Bu Tan||CEO||Sell||120,411||$18.62||$2,242,052.82|| |
|2/23/2015||Lip Bu Tan||CEO||Sell||695,589||$18.43||$12,819,705.27|| |
|2/20/2015||Chi-Ping Hsu||VP||Sell||117,292||$18.23||$2,138,233.16|| |
|11/11/2014||James J Cowie||VP||Sell||82,500||$18.57||$1,532,025.00|| |
|6/13/2014||Roger S Siboni||Director||Sell||25,000||$16.93||$423,250.00|| |
|6/11/2014||John B Shoven||Director||Sell||25,000||$17.02||$425,500.00|| |
|5/27/2014||Martin Lund||SVP||Sell||5,385||$17.00||$91,545.00|| |
|5/21/2014||Martin Lund||SVP||Sell||10,605||$16.24||$172,225.20||125,247|| |
|5/21/2014||Thomas Beckley||VP||Sell||1,762||$16.50||$29,073.00||70,660|| |
|5/20/2014||James Cowie||VP||Sell||110,000||$16.09||$1,769,900.00|| |
|3/31/2014||Martin Lund||SVP||Sell||5,000||$15.50||$77,500.00||145,247|| |
|3/6/2014||George Scalise||Director||Sell||25,000||$15.48||$387,000.00||25,000|| |
|3/6/2014||James Cowie||VP||Sell||50,000||$15.59||$779,500.00||122,586|| |
|3/4/2014||Thomas Beckley||VP||Sell||5,837||$15.50||$90,473.50||75,231|| |
|2/27/2014||John Shoven||Director||Sell||25,000||$15.35||$383,750.00||155,000|| |
|2/24/2014||Roger Siboni||Director||Sell||25,000||$15.25||$381,250.00||20,000|| |
|2/21/2014||Geoffrey Ribar||CFO||Sell||20,000||$15.00||$300,000.00||150,429|| |
|2/21/2014||Martin Lund||SVP||Sell||5,000||$15.00||$75,000.00||150,247|| |
|2/20/2014||Vincentelli Albert Sangiovanni||Director||Sell||25,000||$14.95||$373,750.00||45,493|| |
|2/12/2014||Thomas Beckley||VP||Sell||93,713||$14.63||$1,371,021.19||81,068|| |
|2/5/2014||Lip Bu Tan||CEO||Buy||11,000||$13.76||$151,360.00||315,831|| |
|2/4/2014||Lip Bu Tan||CEO||Buy||10,000||$13.89||$138,900.00||315,831|| |
|10/29/2013||Lip Bu Tan||CEO||Buy||20,000||$12.83||$256,600.00|| |
|9/10/2013||Geoffrey G Ribar||CFO||Sell||40,000||$13.49||$539,600.00|| |
|6/6/2013||George Scalise||Director||Sell||25,000||$14.93||$373,250.00|| |
|9/17/2012||Vincentelli Albert Sangiovanni||Director||Sell||5,000||$13.51||$67,550.00|| |
|9/4/2012||Chi-Ping Hsu||VP||Sell||13,887||$13.24||$183,863.88|| |
|9/4/2012||Vincentelli Albert Sangiovanni||Director||Sell||5,000||$13.16||$65,800.00|| |
|8/9/2012||Chi-Ping Hsu||VP||Sell||4,913||$12.57||$61,756.41|| |
Cadence Design Systems (NASDAQ CDNS) News Headlines
Cadence Design Systems (NASDAQ:CDNS) SEC Filings
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Cadence Design Systems (NASDAQ:CDNS) Income Statement, Balance Sheet and Cash Flow Statement
Cadence Design Systems (NASDAQ CDNS) Stock Chart for Wednesday, April, 25, 2018