NASDAQ:CDNS - Cadence Design Systems Stock Price, Price Target & More

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$45.26 -0.03 (-0.07 %)
(As of 07/16/2018 10:42 AM ET)
Previous Close$45.33
Today's Range$45.18 - $45.33
52-Week Range$34.34 - $46.00
Volume11,325 shs
Average Volume1.64 million shs
Market Capitalization$12.77 billion
P/E Ratio42.67
Dividend YieldN/A
Beta1.11
Cadence Design Systems logoCadence 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.

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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 Ratio0.30
Current Ratio1.24
Quick Ratio1.20

Price-To-Earnings

Trailing P/E Ratio42.67
Forward P/E Ratio47.64
P/E Growth3.96

Sales & Book Value

Annual Sales$1.94 billion
Price / Sales6.57
Cash Flow$1.4628 per share
Price / Cash30.94
Book Value$3.50 per share
Price / Book12.93

Profitability

EPS (Most Recent Fiscal Year)$1.06
Net Income$204.10 million
Net Margins10.52%
Return on Equity29.43%
Return on Assets12.71%

Miscellaneous

Employees7,200
Outstanding Shares281,910,000
Market Cap$12,767.52

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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 will Cadence Design Systems' stock buyback program work?

Cadence Design Systems declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 12th 2017, which permits the company to repurchase $525,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 79% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems Inc (NASDAQ:CDNS) announced its quarterly earnings results on Monday, April, 23rd. The software maker reported $0.40 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.03. The software maker earned $517 million during the quarter, compared to the consensus estimate of $505.33 million. Cadence Design Systems had a return on equity of 29.43% and a net margin of 10.52%. The business's revenue for the quarter 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.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Monday, July, 23rd 2018. View Earnings Estimates for Cadence Design Systems.

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

Cadence Design Systems issued an update on 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 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 12-month price targets for Cadence Design Systems' stock. Their forecasts range from $41.00 to $47.00. On average, they expect Cadence Design Systems' stock price to reach $43.6667 in the next year. This suggests that the stock has a possible downside of 3.4%. View Analyst Ratings 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 1 sell rating, 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Who are some of Cadence Design Systems' key competitors?

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?

News headlines about CDNS stock have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cadence Design Systems earned a news sentiment score of 0.09 on Accern's scale. They also gave news headlines about the software maker an impact score of 45.96 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are Cadence Design Systems' major shareholders?

Cadence Design Systems' stock is owned by many different of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.30%), Bank of Montreal Can (0.25%), Gateway Investment Advisers LLC (0.14%), NN Investment Partners Holdings N.V. (0.06%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%) and State of Alaska Department of Revenue (0.03%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Geoffrey G Ribar, George Scalise, 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 major 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, Peregrine Capital Management LLC, NN Investment Partners Holdings N.V., Cerebellum GP LLC and Gateway Investment Advisers LLC. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, Geoffrey G Ribar, 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 major investors are buying Cadence Design Systems stock?

CDNS stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, IFM Investors Pty Ltd, DnB Asset Management AS, Xact Kapitalforvaltning AB and Fjarde AP Fonden Fourth Swedish National Pension Fund. 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 $45.22.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $12.77 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)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  296 (Vote Outperform)
Underperform Votes:  235 (Vote Underperform)
Total Votes:  531
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 7/16/2018 by MarketBeat.com Staff

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