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

$67.21
-0.37 (-0.55 %)
(As of 11/13/2019 04:00 PM ET)
Today's Range
$66.83
Now: $67.21
$67.78
50-Day Range
$63.42
MA: $65.77
$67.51
52-Week Range
$40.31
Now: $67.21
$77.08
Volume836,400 shs
Average Volume1.98 million shs
Market Capitalization$18.86 billion
P/E Ratio54.64
Dividend YieldN/A
Beta1.16
Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks 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, an enterprise emulation platform; and Protium S1 field-programmable gate array prototyping platform. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
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$1.65 per share
Book Value$4.57 per share

Profitability

Net Income$345.78 million

Miscellaneous

Employees7,500
Market Cap$18.86 billion
Next Earnings Date2/18/2020 (Estimated)
OptionableOptionable

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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 were Cadence Design Systems' earnings last quarter?

Cadence Design Systems Inc (NASDAQ:CDNS) posted its quarterly earnings data 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 earned $579.60 million during the quarter, compared to analysts' expectations of $576.33 million. Cadence Design Systems had a net margin of 18.54% and a return on equity of 30.74%. Cadence Design Systems's revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. 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 Tuesday, February 18th 2020. View Earnings Estimates for Cadence Design Systems.

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

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

What price target have analysts set for CDNS?

9 brokerages have issued 12 month price objectives for Cadence Design Systems' stock. Their forecasts range from $50.00 to $80.00. On average, they expect Cadence Design Systems' share price to reach $72.75 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.

What is the consensus analysts' recommendation 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.

Has Cadence Design Systems been receiving favorable news coverage?

Press coverage about CDNS stock has trended very negative this week, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cadence Design Systems earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Cadence Design Systems.

Are investors shorting Cadence Design Systems?

Cadence Design Systems saw a decline in short interest in the month of September. As of September 30th, there was short interest totalling 5,120,000 shares, a decline of 10.6% from the August 30th total of 5,730,000 shares. Based on an average daily trading volume, of 1,910,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.9% of the company's stock are short sold. View Cadence Design Systems' Current Options Chain.

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 Alibaba Group (BABA), NVIDIA (NVDA), Cisco Systems (CSCO), Xilinx (XLNX), salesforce.com (CRM), Mastercard (MA), Paypal (PYPL), Adobe (ADBE), QUALCOMM (QCOM) and Micron Technology (MU).

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 number of of institutional and retail investors. Top institutional investors 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.

Which major investors are selling Cadence Design Systems stock?

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.

Which major investors are buying Cadence Design Systems stock?

CDNS stock was bought 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.

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, Robinhood, Fidelity and Charles Schwab.

What is Cadence Design Systems' stock price today?

One share of CDNS stock can currently be purchased for approximately $67.21.

How big of a company is Cadence Design Systems?

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.

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:  422 (Vote Outperform)
Underperform Votes:  326 (Vote Underperform)
Total Votes:  748
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 11/13/2019 by MarketBeat.com Staff

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