Cadence Design Systems Stock Price, Forecast & Analysis (NASDAQ:CDNS)

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

Cadence Design Systems Inc (NASDAQ:CDNS) issued its earnings results on Monday, October, 21st. The software maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The software maker had revenue of $579.60 million for the quarter, compared to analyst estimates of $576.33 million. Cadence Design Systems had a return on equity of 30.74% and a net margin of 18.54%. The business's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. View Cadence Design Systems' Earnings History.

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Cadence Design Systems.

Cadence Design Systems issued an update on its fourth quarter earnings guidance on Monday, October, 21st. The company provided earnings per share guidance of $0.52-0.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.52. The company issued revenue guidance of $590-600 million, compared to the consensus revenue estimate of $592.82 million.

9 analysts have issued 1 year target prices for Cadence Design Systems' shares. Their forecasts range from $50.00 to $80.00. On average, they expect Cadence Design Systems' stock price to reach $72.75 in the next year. This suggests a possible upside of 8.2% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cadence Design Systems.

News headlines about CDNS stock have been trending neutral on Monday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news 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 0.3 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Cadence Design Systems.

Some companies that are related to Cadence Design Systems include salesforce.com (CRM), Adobe (ADBE), Intuit (INTU), Workday (WDAY), Autodesk (ADSK), Synopsys (SNPS), ANSYS (ANSS), Splunk (SPLK), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Guidewire Software (GWRE) and Aspen Technology (AZPN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Design Systems investors own include Alibaba Group (BABA), NVIDIA (NVDA), Cisco Systems (CSCO), salesforce.com (CRM), Mastercard (MA), Xilinx (XLNX), Adobe (ADBE), Paypal (PYPL), QUALCOMM (QCOM) and Home Depot (HD).

Cadence Design Systems' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (8.19%), Parnassus Investments CA (3.00%), First Trust Advisors LP (0.64%), Sumitomo Mitsui Trust Holdings Inc. (0.46%), Russell Investments Group Ltd. (0.31%) and California Public Employees Retirement System (0.31%). Company insiders that own Cadence Design Systems stock 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 Institutional Ownership Trends for Cadence Design Systems.

CDNS stock was sold by a variety of institutional investors in the last quarter, including Parnassus Investments CA, Ardevora Asset Management LLP, Assenagon Asset Management S.A., Great Lakes Advisors LLC, Massachusetts Financial Services Co. MA, Teacher Retirement System of Texas, Russell Investments Group Ltd. and First Trust Advisors LP. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, 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.

CDNS stock was acquired by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Artemis Investment Management LLP, California Public Employees Retirement System, Great West Life Assurance Co. Can, Sumitomo Mitsui Trust Holdings Inc., State of Alaska Department of Revenue, State of New Jersey Common Pension Fund D and Wedge Capital Management L L P NC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of CDNS stock can currently be purchased for approximately $67.23.

Cadence Design Systems has a market capitalization of $18.86 billion and generates $2.14 billion in revenue each year. The software maker earns $345.78 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.View Additional Information About Cadence Design Systems.

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

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]