NASDAQ:CDNS - Cadence Design Systems Stock Price, Forecast & News

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

Cadence Design Systems Inc (NASDAQ:CDNS) announced its quarterly earnings results on Wednesday, February, 12th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.01. The software maker earned $599.56 million during the quarter, compared to the consensus estimate of $595.48 million. Cadence Design Systems had a return on equity of 62.01% and a net margin of 42.33%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. View Cadence Design Systems' Earnings History.

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Cadence Design Systems.

Cadence Design Systems updated its FY20 earnings guidance on Wednesday, February, 12th. The company provided earnings per share guidance of $2.40 to $2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.34.

10 analysts have issued 1 year price targets for Cadence Design Systems' shares. Their forecasts range from $75.00 to $93.00. On average, they expect Cadence Design Systems' share price to reach $84.11 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cadence Design Systems.

News articles about CDNS stock have trended very negative recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of 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 -3.0 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for Cadence Design Systems.

Some companies that are related to Cadence Design Systems include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), 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 NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Cisco Systems (CSCO), Adobe (ADBE), Xilinx (XLNX), Mastercard (MA), Lululemon Athletica (LULU), salesforce.com (CRM) and Verizon Communications (VZ).

Cadence Design Systems' stock is owned by many different of institutional and retail investors. Top institutional investors include Wealth Quarterback LLC (45.40%), Massachusetts Financial Services Co. MA (8.68%), State Street Corp (4.40%), Parnassus Investments CA (3.05%), Geode Capital Management LLC (2.07%) and FMR LLC (1.57%). 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, Mark Adams, 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 Janus Henderson Group PLC, AQR Capital Management LLC, Renaissance Technologies LLC, AXA, Goldman Sachs Group Inc., First Trust Advisors LP, Virginia Retirement Systems ET AL and Smith Asset Management Group 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, Mark Adams, 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 Wealth Quarterback LLC, Pictet Asset Management Ltd., Massachusetts Financial Services Co. MA, Credit Suisse AG, Assenagon Asset Management S.A., Point72 Asset Management L.P., Fred Alger Management LLC and FMR LLC. 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 $74.73.

Cadence Design Systems has a market capitalization of $20.97 billion and generates $2.34 billion in revenue each year. The software maker earns $988.98 million in net income (profit) each year or $3.53 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]