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

$74.58
-0.84 (-1.11 %)
(As of 01/26/2020 04:00 PM ET)
Today's Range
$74.07
Now: $74.58
$76.31
50-Day Range
$65.56
MA: $70.63
$75.42
52-Week Range
$45.76
Now: $74.58
$77.08
Volume957,074 shs
Average Volume1.19 million shs
Market Capitalization$20.93 billion
P/E Ratio49.07
Dividend YieldN/A
Beta1.15
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$1.63 per share
Book Value$4.57 per share

Profitability

Net Income$345.78 million

Miscellaneous

Employees7,500
Market Cap$20.93 billion
Next Earnings Date2/12/2020 (Confirmed)
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) issued its quarterly earnings results on Monday, October, 21st. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.03. The software maker had revenue of $579.60 million for the quarter, compared to analyst estimates of $576.33 million. Cadence Design Systems had a return on equity of 30.74% and a net margin of 18.54%. The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 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 Wednesday, February 12th 2020. View Earnings Estimates for Cadence Design Systems.

How can I listen to Cadence Design Systems' earnings call?

Cadence Design Systems will be holding an earnings conference call on Wednesday, February 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for CDNS?

8 brokers have issued 1-year price objectives for Cadence Design Systems' shares. Their forecasts range from $73.00 to $80.00. On average, they anticipate Cadence Design Systems' stock price to reach $76.00 in the next year. This suggests a possible upside of 1.9% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.

What is the consensus analysts' recommendation for Cadence Design Systems?

8 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cadence Design Systems.

Has Cadence Design Systems been receiving favorable news coverage?

Media stories about CDNS stock have been trending extremely negative on Sunday, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cadence Design Systems earned a daily sentiment score of -4.5 on InfoTrie's scale. They also gave press coverage about the software maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Cadence Design Systems.

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 NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Cisco Systems (CSCO), Xilinx (XLNX), Adobe (ADBE), Mastercard (MA), salesforce.com (CRM), Paypal (PYPL) and Veeva Systems (VEEV).

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 variety of of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.28%), Wedge Capital Management L L P NC (0.23%), New York State Teachers Retirement System (0.16%), Artemis Investment Management LLP (0.07%), Gateway Investment Advisers LLC (0.07%) and State of Alaska Department of Revenue (0.05%). 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.

Which major investors are selling Cadence Design Systems stock?

CDNS stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Zurcher Kantonalbank Zurich Cantonalbank, Nisa Investment Advisors LLC, Jupiter Wealth Management LLC, Janney Montgomery Scott LLC, Balasa Dinverno & Foltz LLC, Wedge Capital Management L L P NC and New York State Teachers Retirement System. 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.

Which major investors are buying Cadence Design Systems stock?

CDNS stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., PGGM Investments, Ambassador Advisors LLC, Artemis Investment Management LLP, Sciencast Management LP, Strs Ohio, AdvisorShares Investments LLC and State of Alaska Department of Revenue. 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 $74.58.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $20.93 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:  434 (Vote Outperform)
Underperform Votes:  332 (Vote Underperform)
Total Votes:  766
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 1/26/2020 by MarketBeat.com Staff

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