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
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234
Debt
Debt-to-Equity Ratio0.29
Current Ratio1.30
Quick Ratio1.26
Price-To-Earnings
Trailing P/E Ratio42.62
Forward P/E Ratio45.18
P/E Growth3.78
Sales & Book Value
Annual Sales$1.94 billion
Price / Sales6.58
Cash Flow$1.4631 per share
Price / Cash30.88
Book Value$3.50 per share
Price / Book12.91
Profitability
EPS (Most Recent Fiscal Year)$1.06
Net Income$204.10 million
Net Margins10.62%
Return on Equity28.38%
Return on Assets12.62%
Miscellaneous
Employees7,200
Outstanding Shares282,810,000
Market Cap$12.78 billion
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 approved a share buyback program on Wednesday, April 12th 2017, which authorizes the company to repurchase $525,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 79% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.
How were Cadence Design Systems' earnings last quarter?
Cadence Design Systems Inc (NASDAQ:CDNS) issued its quarterly earnings data on Monday, July, 23rd. The software maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The software maker earned $518.40 million during the quarter, compared to analyst estimates of $514.94 million. Cadence Design Systems had a return on equity of 28.38% and a net margin of 10.62%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 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 updated its FY18 earnings guidance on Monday, July, 23rd. The company provided earnings per share guidance of $1.64-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.62. The company issued revenue guidance of $2.07-2.09 billion, compared to the consensus revenue estimate of $2.07 billion.Cadence Design Systems also updated its Q3 guidance to $0.40-0.42 EPS.
What price target have analysts set for CDNS?
7 analysts have issued 1-year price objectives for Cadence Design Systems' stock. Their forecasts range from $46.00 to $52.00. On average, they anticipate Cadence Design Systems' share price to reach $49.1667 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.
What is the consensus analysts' recommendation for Cadence Design Systems?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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), Check Point Software Technologies (CHKP), CA (CA), Shopify (SHOP), Splunk (SPLK), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), ANSYS (ANSS), Mobileye (MBBYF), Synopsys (SNPS) 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. John M. Wall, Sr. VP & CFO (Age 47)
- Mr. Aneel Zaman, Sr. VP of Worldwide Field Operations (Age 49)
- Mr. Surendra Babu Mandava, Sr. VP of R&D of IP Group (Age 59)
Has Cadence Design Systems been receiving favorable news coverage?
Press coverage about CDNS stock has been trending somewhat negative recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cadence Design Systems earned a media and rumor sentiment score of -0.01 on Accern's scale. They also gave press coverage about the software maker an impact score of 45.15 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Cadence Design Systems.
Who are Cadence Design Systems' major shareholders?
Cadence Design Systems' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (7.94%), BlackRock Inc. (7.17%), Parnassus Investments CA (3.76%), Janus Henderson Group PLC (3.18%), Bank of New York Mellon Corp (0.90%) and Schwab Charles Investment Management Inc. (0.75%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Geoffrey G Ribar, George Scalise, James D Plummer, 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 Bank of Montreal Can, Janus Henderson Group PLC, Millennium Management LLC, First Trust Advisors LP, Teacher Retirement System of Texas, Canada Pension Plan Investment Board, Natixis and Massachusetts Financial Services Co. MA. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, Geoffrey G Ribar, James D Plummer, 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 bought by a variety of institutional investors in the last quarter, including Parnassus Investments CA, Ardevora Asset Management LLP, Schwab Charles Investment Management Inc., United Services Automobile Association, BNP Paribas Arbitrage SA, PointState Capital LP, Sumitomo Mitsui Asset Management Company LTD and Marshall Wace LLP. 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 $45.18.
How big of a company is Cadence Design Systems?
Cadence Design Systems has a market capitalization of $12.78 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 (NASDAQ 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.
