Cadence Design Systems Stock Forecast, Price & News

13 Wall Street equities research 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 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cadence Design Systems stock.
View analyst ratings for Cadence Design Systems or view top-rated stocks.

Wall Street analysts have given Cadence Design Systems a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cadence Design Systems wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, October 18th 2021.
View our earnings forecast for Cadence Design Systems.

Cadence Design Systems, Inc. (NASDAQ:CDNS) issued its earnings results on Sunday, July, 25th. The software maker reported $0.86 EPS for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.10. Cadence Design Systems had a trailing twelve-month return on equity of 28.93% and a net margin of 23.47%. During the same period last year, the company posted $0.66 earnings per share.
View Cadence Design Systems' earnings history.

Cadence Design Systems' stock was trading at $62.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CDNS stock has increased by 140.9% and is now trading at $149.85.
View which stocks have been most impacted by COVID-19.

Cadence Design Systems issued an update on its third quarter 2021 earnings guidance on Monday, August, 2nd. The company provided earnings per share (EPS) guidance of $0.740-$0.760 for the period, compared to the Thomson Reuters consensus estimate of $0.740. The company issued revenue guidance of $730 million-$750 million, compared to the consensus revenue estimate of $722.56 million.

13 brokerages have issued 12 month price targets for Cadence Design Systems' stock. Their forecasts range from $125.00 to $168.00. On average, they expect Cadence Design Systems' stock price to reach $149.82 in the next year. This suggests that the stock has a possible downside of 0.0%.
View analysts' price targets for Cadence Design Systems or view top-rated stocks among Wall Street analysts.

675 employees have rated Cadence Design Systems CEO Lip-Bu Tan on Glassdoor.com. Lip-Bu Tan has an approval rating of 98% among Cadence Design Systems' employees. This puts Lip-Bu Tan in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Cadence Design Systems include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Synopsys (SNPS), ANSYS (ANSS), Splunk (SPLK), Tyler Technologies (TYL), SS&C Technologies (SSNC), Nuance Communications (NUAN), Fair Isaac (FICO), FactSet Research Systems (FDS), Citrix Systems (CTXS) and Manhattan Associates (MANH).
View all of CDNS's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Design Systems investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), PayPal (PYPL), Alibaba Group (BABA), Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), salesforce.com (CRM), Adobe (ADBE) and The Home Depot (HD).

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

Cadence Design Systems' stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.34%), Victory Capital Management Inc. (0.24%), Alliancebernstein L.P. (0.15%), New York State Common Retirement Fund (0.12%), PGGM Investments (0.10%) and Rathbone Brothers plc (0.09%). 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, Paul Cunningham, Roger S Siboni, Surendra Babu Mandava, Susan L Bostrom, Thomas P Beckley and Vincentelli Albert Sangiovanni.
View institutional ownership trends for Cadence Design Systems.

CDNS stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Zurcher Kantonalbank Zurich Cantonalbank , Oregon Public Employees Retirement Fund, Alliancebernstein L.P., Advisor Group Holdings Inc., Handelsbanken Fonder AB, Victory Capital Management Inc., and New York State Common Retirement Fund. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, James D Plummer, John B Shoven, John M Wall, Lip Bu Tan, Paul Cunningham, Surendra Babu Mandava, Susan L Bostrom, Thomas P Beckley, and Vincentelli Albert Sangiovanni.
View insider buying and selling activity for Cadence Design Systems or view top insider-selling stocks.

CDNS stock was purchased by a variety of institutional investors in the last quarter, including NZS Capital LLC, Rheos Capital Works Inc., Sumitomo Mitsui Trust Holdings Inc., Manning & Napier Group LLC, Rathbone Brothers plc, IFM Investors Pty Ltd, Fort Point Capital Partners LLC, and Strategic Investment Advisors MI.
View insider buying and selling activity for Cadence Design Systems or or view top insider-buying stocks.

Shares of CDNS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of CDNS stock can currently be purchased for approximately $149.85.

Cadence Design Systems has a market capitalization of $41.48 billion and generates $2.68 billion in revenue each year. The software maker earns $590.64 million in net income (profit) each year or $2.11 on an earnings per share basis.

Cadence Design Systems employs 8,800 workers across the globe.

The following companies are subsidiares of Cadence Design Systems: AWR Corporation, Altos Design Automation, Ambit Design Systems, Antrim Design Systems, Azuro, Azuro Inc., Beijing Cadence Electronics Technology Company Limited, Beijing Cadence Information Technology Co. Ltd., Bell Labs DA Group Of Lucent, C2 Design Automation (d/b/a Forte Design Systems), CadMos Design Technology, Cadence Design (Israel) II Ltd., Cadence Design Enablement Unlimited Company, Cadence Design Systems (Canada) Ltd., Cadence Design Systems (Cyprus) Ltd., Cadence Design Systems (India) Private Limited, Cadence Design Systems (Ireland) Limited, Cadence Design Systems (Israel) Ltd., Cadence Design Systems (Japan) B.V., Cadence Design Systems (S) Pte Ltd., Cadence Design Systems (Taiwan) B.V., Cadence Design Systems A.B., Cadence Design Systems B.V., Cadence Design Systems GmbH, Cadence Design Systems I B.V., Cadence Design Systems Kft., Cadence Design Systems LLC, Cadence Design Systems Leasing Inc., Cadence Design Systems Limited, Cadence Design Systems Management (Shanghai) Ltd., Cadence Design Systems S.A.S., Cadence Design Systems S.r.l., Cadence Design Systems do Brasil Microeletronica Ltda., Cadence Group Unlimited Company, Cadence International (Cyprus) Ltd., Cadence International Ltd., Cadence Korea Ltd., Cadence Taiwan Inc., Cadence Technology Limited, Cadence U.S. Inc., Castlewilder Global Unlimited Company, Castlewilder Unlimited Company, Celestry Design Technologies, Chip Estimate, Chip Estimate Corporation, Clear Shape Technologies, CommandCAD, Cooper & Chyan Technology, Cosmic Circuits, DSM Technologies, Daffodil Acquisition II Inc., Denali Software, Denali Software Kabushiki Kaisha, Denali Software LLC, Design Acceleration, Diablo Research, Détente Technology, ETop Design Automation, Esperan, Evatronix - IP Business, Forte Design Systems, Gardenia MJM II, Get2Chip, High Level Design Systems, Integrand Software, Invarium, Jasper Design Automation, Jasper Design Automation LLC, Jasper Holdings Ltd., K2 Technologies, Knowlent, Nanjing Kai Ding Electronics Technology Co. Ltd., Nascentric, Neolinear, OrCAD, Parsec Software, Pinebush Technologies, Plato Design Systems, Praesagus (Cadence), Q Design Automation, Quickturn Design Systems, Quickturn Design Systems Inc., Rocketick, Rocketick Inc., SFM Technology Inc., Seed Solutions, Shanghai Cadence Electronics Technology Co. Ltd., Sigrity, Sigrity Inc., Silicon Perspective, Solomon Design Automation (SDA), SpinCircuit, TVP I LLC, TVP II LLC, TVP III LLC, Tangent Systems Corporation, Taray, Taray Inc., Telos Venture Partners III L.P., Tensilica, Tensilica LLC, TranSwitch, Tundra Holdings Inc., Valid Logic Systems, Verisity, Verplex Systems, nusemi, and nusemi inc.

Cadence Design Systems was founded in 1988.

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

Cadence Design Systems is headquartered at 2655 SEELY AVENUE BLDG 5, SAN JOSE CA, 95134.

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]