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NASDAQ:CDNS

Cadence Design Systems - CDNS Stock Forecast, Price & News

$164.72
+1.20 (+0.73%)
(As of 11/30/2022 01:09 PM ET)
Add
Compare
Today's Range
$164.03
▼
$165.88
50-Day Range
$142.41
▼
$171.33
52-Week Range
$132.32
▼
$194.97
Volume
19,476 shs
Average Volume
1.54 million shs
Market Capitalization
$45.19 billion
P/E Ratio
58.00
Dividend Yield
N/A
Price Target
$192.75

Cadence Design Systems MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
17.2% Upside
$192.75 Price Target
Short Interest
Healthy
1.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.53
Upright™ Environmental Score
News Sentiment
0.49mentions of Cadence Design Systems in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$38.40 M Sold Last Quarter
Proj. Earnings Growth
8.21%
From $3.41 to $3.69 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Computer And Technology Sector

328th out of 632 stocks

Prepackaged Software Industry

123rd out of 218 stocks

See Top Rated MarketRank™ Stocks Here
CDNS stock logo

About Cadence Design Systems (NASDAQ:CDNS) Stock

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 logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation 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 design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

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CDNS Stock News Headlines

November 28, 2022 | marketbeat.com
Is Snowflake Poised for A Rebound After Its Recent Tumble? (CDNS)
The cloud computing industry appears to be slowing but many stocks in the sector are a moderate buy. This means long term outlook is positive.
November 30, 2022 | americanbankingnews.com
StockNews.com Downgrades Cadence Design Systems (NASDAQ:CDNS) to Hold
November 30, 2022 | Investing Trends (Ad)
183 Pounds of Copper for Just ONE EV
To build just one electric vehicle (EV) engine requires 183 pounds of copper. Compare that to just 18 pounds required in a gas-powered car. That's 10 TIMES more copper. EVs are expected to increase 1,400% by 2030. More sources of copper are desperately needed to keep up with demand.
November 29, 2022 | finance.yahoo.com
Building Confidence Through the Cadence Returnship Program
November 28, 2022 | finance.yahoo.com
Cadence’s Anirudh Devgan to Present at Nasdaq Investor Conference
November 28, 2022 | americanbankingnews.com
Analysts Set Cadence Design Systems, Inc. (NASDAQ:CDNS) Price Target at $192.75
November 23, 2022 | finance.yahoo.com
Why Is Cadence (CDNS) Up 9.2% Since Last Earnings Report?
November 23, 2022 | americanbankingnews.com
Cadence Design Systems, Inc. (NASDAQ:CDNS) Insider Lip Bu Tan Sells 40,000 Shares of Stock
November 30, 2022 | Investing Trends (Ad)
183 Pounds of Copper for Just ONE EV
To build just one electric vehicle (EV) engine requires 183 pounds of copper. Compare that to just 18 pounds required in a gas-powered car. That's 10 TIMES more copper. EVs are expected to increase 1,400% by 2030. More sources of copper are desperately needed to keep up with demand.
November 21, 2022 | finance.yahoo.com
Cadence’s Nimish Modi to Present at Wells Fargo Conference
November 20, 2022 | americanbankingnews.com
Financial Survey: Cadence Design Systems (NASDAQ:CDNS) vs. AppFolio (NASDAQ:APPF)
November 17, 2022 | finance.yahoo.com
Mobilizing the Impact of Our “One Team” Culture
November 15, 2022 | finance.yahoo.com
Michigan Electric Boat Propels the Naval Industry With Cadence CFD Tools, Including Fine Marine
November 15, 2022 | finance.yahoo.com
Cadence Introduces Industry’s Leading-Performance, Silicon-Proven 22Gbps GDDR6 IP at TSMC N5
November 14, 2022 | benzinga.com
Short Volatility Alert: Cadence Design Systems, Inc.
November 11, 2022 | finance.yahoo.com
Cadence Bank CEO shares update on BancorpSouth merger, growth plans
November 6, 2022 | finance.yahoo.com
Is Weakness In Cadence Design Systems, Inc. (NASDAQ:CDNS) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
October 30, 2022 | finance.yahoo.com
New Chip Designs Are Booming, and This Stock Stands to Benefit
October 27, 2022 | apnews.com
Cadence’s New Flow Automates Custom/Analog Design Migration on TSMC Advanced Technologies
October 26, 2022 | finance.yahoo.com
Cadence Accelerates RF Design with Delivery of New TSMC N16 mmWave Reference Flow
October 26, 2022 | tmcnet.com
Cadence Digital and Custom/Analog Design Flows Achieve Certification for TSMC's Latest N4P and N3E Processes
October 25, 2022 | msn.com
Cadence Design Systems Earnings Perspective: Return On Capital Employed
October 25, 2022 | finance.yahoo.com
Cadence Digital and Custom/Analog Design Flows Achieve Certification for TSMC’s Latest N4P and N3E Processes
October 25, 2022 | finance.yahoo.com
Cadence Design Systems Faces Tough Crowd On Wall Street
October 25, 2022 | benzinga.com
Cadence Joins Intel Foundry Services USMAG Alliance to Accelerate Chip Design Development
October 25, 2022 | markets.businessinsider.com
Cadence Design Systems Q3 Profit Increases, beats estimates
October 25, 2022 | seekingalpha.com
Cadence Design Systems, Inc. (CDNS) Q3 2022 Earnings Call Transcript
See More Headlines
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CDNS Company Calendar

Last Earnings
10/24/2022
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
Application Software
Sector
Computer and Technology
Current Symbol
NASDAQ:CDNS
CUSIP
12738710
CIK
813672
Web
www.cadence.com
Phone
(408) 943-1234
Fax
408-428-5001
Employees
9,300
Year Founded
1988

Price Target and Rating

Average Stock Price Forecast
$192.75
High Stock Price Forecast
$215.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+17.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.84
Trailing P/E Ratio
58.00
Forward P/E Ratio
48.30
P/E Growth
2.73
Net Income
$695.96 million
Net Margins
22.86%
Pretax Margin
29.95%
Return on Equity
33.19%
Return on Assets
19.85%

Debt

Debt-to-Equity Ratio
0.24
Current Ratio
1.33
Quick Ratio
1.24

Sales & Book Value

Annual Sales
$2.99 billion
Price / Sales
15.12
Cash Flow
$3.23 per share
Price / Cash Flow
51.02
Book Value
$9.87 per share
Price / Book
16.69

Miscellaneous

Outstanding Shares
274,320,000
Free Float
268,857,000
Market Cap
$45.19 billion
Optionable
Optionable
Beta
1.07

Social Links


Key Executives

  • Mr. Lip-Bu TanMr. Lip-Bu Tan (Age 63)
    Exec. Chair of the Board
    Comp: $2.17M
  • Dr. Anirudh Devgan Ph.D. (Age 52)
    CEO, Pres & Director
    Comp: $1.74M
  • Mr. John M. WallMr. John M. Wall (Age 51)
    Sr. VP & CFO
    Comp: $1.3M
  • Mr. Thomas P. BeckleyMr. Thomas P. Beckley (Age 64)
    Sr. VP and GM of Custom IC & PCB Group
    Comp: $1.07M
  • Mr. Aneel ZamanMr. Aneel Zaman (Age 53)
    Sr. VP & Chief Revenue Officer
    Comp: $1.3M
  • Dr. Chin-Chi Teng Ph.D. (Age 56)
    Sr. VP and GM of the Digital & Signoff Group
    Comp: $1.09M
  • Mr. Ariel Sella
    Co-Founder
  • Mr. James Haddad
    Corp. VP of Corp. Fin. & Treasurer
  • Mr. Richard Gu
    VP of Investor Relations
  • Ms. Karna Nisewaner
    Corp. VP, Gen. Counsel & Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CDNS Stock - Frequently Asked Questions

Should I buy or sell Cadence Design Systems stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CDNS shares.
View CDNS analyst ratings or view top-rated stocks.

What is Cadence Design Systems' stock price forecast for 2023?

11 Wall Street research analysts have issued 12-month price targets for Cadence Design Systems' shares. Their CDNS share price forecasts range from $175.00 to $215.00. On average, they predict the company's share price to reach $192.75 in the next year. This suggests a possible upside of 17.9% from the stock's current price.
View analysts price targets for CDNS or view top-rated stocks among Wall Street analysts.

How have CDNS shares performed in 2022?

Cadence Design Systems' stock was trading at $186.35 at the start of the year. Since then, CDNS shares have decreased by 12.3% and is now trading at $163.52.
View the best growth stocks for 2022 here.

When is Cadence Design Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our CDNS earnings forecast.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems, Inc. (NASDAQ:CDNS) announced its earnings results on Monday, October, 24th. The software maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.96 by $0.10. The software maker had revenue of $902.55 million for the quarter, compared to analysts' expectations of $868.85 million. Cadence Design Systems had a trailing twelve-month return on equity of 33.19% and a net margin of 22.86%. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share.
Read the conference call transcript.

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

Cadence Design Systems updated its FY 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share (EPS) guidance of $4.20-$4.24 for the period, compared to the consensus earnings per share estimate of $4.12. The company issued revenue guidance of $3.53 billion-$3.55 billion, compared to the consensus revenue estimate of $3.50 billion.

What is Lip-Bu Tan's approval rating as Cadence Design Systems' CEO?

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

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), Advanced Micro Devices (AMD), PayPal (PYPL), Alibaba Group (BABA), Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), Salesforce (CRM), Adobe (ADBE) and Home Depot (HD).

What is Cadence Design Systems' stock symbol?

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

Who are Cadence Design Systems' major shareholders?

Cadence Design Systems' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.66%), BlackRock Inc. (11.56%), Massachusetts Financial Services Co. MA (5.64%), State Street Corp (4.09%), Price T Rowe Associates Inc. MD (1.98%) and UBS Asset Management Americas Inc. (1.07%). Insiders that own company 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, Vincentelli Albert Sangiovanni and Young Sohn.
View institutional ownership trends.

How do I buy shares of Cadence Design Systems?

Shares of CDNS stock 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.

What is Cadence Design Systems' stock price today?

One share of CDNS stock can currently be purchased for approximately $163.52.

How much money does Cadence Design Systems make?

Cadence Design Systems (NASDAQ:CDNS) has a market capitalization of $44.86 billion and generates $2.99 billion in revenue each year. The software maker earns $695.96 million in net income (profit) each year or $2.84 on an earnings per share basis.

How many employees does Cadence Design Systems have?

The company employs 9,300 workers across the globe.

Does Cadence Design Systems have any subsidiaries?
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.
Read More
How can I contact Cadence Design Systems?

Cadence Design Systems' mailing address is 2655 SEELY AVENUE BLDG 5, SAN JOSE CA, 95134. The official website for the company is www.cadence.com. The software maker can be reached via phone at (408) 943-1234, via email at investor_relations@cadence.com, or via fax at 408-428-5001.

This page (NASDAQ:CDNS) was last updated on 11/30/2022 by MarketBeat.com Staff