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

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$63.99 +0.27 (+0.42 %)
(As of 05/26/2019 04:00 PM ET)
Previous Close$63.99
Today's Range$63.78 - $64.33
52-Week Range$39.08 - $70.49
Volume2.10 million shs
Average Volume2.03 million shs
Market Capitalization$17.98 billion
P/E Ratio52.02
Dividend YieldN/A
Beta1.13
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. The company also provides digital 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 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 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. Cadence Design Systems, Inc. was founded in 1988 and is headquartered in San Jose, California.

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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$1.6163 per share
Book Value$4.86 per share

Profitability

Net Income$345.78 million

Miscellaneous

Employees7,500
Market Cap$17.98 billion
Next Earnings Date7/22/2019 (Estimated)
OptionableOptionable

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) released its quarterly earnings results on Monday, April, 22nd. The software maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. The software maker had revenue of $577 million for the quarter, compared to analysts' expectations of $569.34 million. Cadence Design Systems had a net margin of 17.91% and a return on equity of 30.86%. The business's quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 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 22nd 2019. 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 FY19 earnings guidance on Monday, April, 22nd. The company provided earnings per share guidance of $2.04-2.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.03. The company issued revenue guidance of $2.305-2.335 billion, compared to the consensus revenue estimate of $2.29 billion.Cadence Design Systems also updated its FY 2019 guidance to $2.04-2.12 EPS.

What price target have analysts set for CDNS?

10 analysts have issued twelve-month price targets for Cadence Design Systems' stock. Their forecasts range from $50.00 to $73.00. On average, they anticipate Cadence Design Systems' stock price to reach $59.00 in the next year. This suggests that the stock has a possible downside of 7.8%. View Analyst Price Targets for Cadence Design Systems.

What is the consensus analysts' recommendation 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 5 hold ratings and 5 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?

News coverage about CDNS stock has trended somewhat negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cadence Design Systems earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave press coverage about the software maker a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future.

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 Cisco Systems (CSCO), NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Micron Technology (MU), QUALCOMM (QCOM), Xilinx (XLNX), Intel (INTC), Adobe (ADBE) and Paypal (PYPL).

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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.31%), Parnassus Investments CA (5.12%), Janus Henderson Group PLC (2.59%), Geode Capital Management LLC (1.81%), AQR Capital Management LLC (1.50%) and Pictet Asset Management Ltd. (1.49%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, Geoffrey G Ribar, James D Plummer, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni, Surendra Babu Mandava and Thomas P Beckley. View Institutional Ownership Trends for Cadence Design Systems.

Which institutional investors are selling Cadence Design Systems stock?

CDNS stock was sold by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., California Public Employees Retirement System, Renaissance Technologies LLC, Sumitomo Mitsui Asset Management Company LTD, Man Group plc, Marshall Wace LLP, BNP Paribas Arbitrage SA and Peregrine Capital Management LLC. 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, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni, Surendra Babu Mandava and Thomas P Beckley. View Insider Buying and Selling for Cadence Design Systems.

Which institutional investors are buying Cadence Design Systems stock?

CDNS stock was purchased by a variety of institutional investors in the last quarter, including MARSHALL WACE ASIA Ltd, FMR LLC, Bank of Montreal Can, Geode Capital Management LLC, AQR Capital Management LLC, Teacher Retirement System of Texas, Assenagon Asset Management S.A. and First Trust Advisors LP. 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 $63.99.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $17.98 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.

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:  385 (Vote Outperform)
Underperform Votes:  304 (Vote Underperform)
Total Votes:  689
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 5/26/2019 by MarketBeat.com Staff

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