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NASDAQ:CDNSCadence Design Systems Stock Price, Forecast & News

$107.28
+2.10 (+2.00 %)
(As of 08/13/2020 04:00 PM ET)
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Today's Range
$104.80
Now: $107.28
$108.14
50-Day Range
$91.99
MA: $101.94
$111.77
52-Week Range
$51.39
Now: $107.28
$112.32
Volume1.29 million shs
Average Volume2.10 million shs
Market Capitalization$29.91 billion
P/E Ratio29.55
Dividend YieldN/A
Beta1.12
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.38 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
Current SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$3.98 per share
Book Value$8.09 per share

Profitability

Net Income$988.98 million

Miscellaneous

Employees8,100
Market Cap$29.91 billion
Next Earnings Date10/19/2020 (Estimated)
OptionableOptionable
$107.28
+2.10 (+2.00 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

How has Cadence Design Systems' stock price been impacted by Coronavirus?

Cadence Design Systems' stock was trading at $62.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CDNS stock has increased by 72.4% and is now trading at $107.28.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cadence Design Systems?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Cadence Design Systems
.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for Cadence Design Systems
.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems Inc (NASDAQ:CDNS) posted its earnings results on Monday, July, 20th. The software maker reported $0.66 EPS for the quarter, beating the Zacks' consensus estimate of $0.52 by $0.14. The software maker had revenue of $638.42 million for the quarter, compared to the consensus estimate of $591.09 million. Cadence Design Systems had a return on equity of 50.84% and a net margin of 41.74%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 earnings per share.
View Cadence Design Systems' earnings history
.

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

Cadence Design Systems issued an update on its FY20 earnings guidance on Monday, July, 20th. The company provided EPS guidance of $2.50-2.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.46. The company issued revenue guidance of $2.585-2.615 billion, compared to the consensus revenue estimate of $2.56 billion.

What price target have analysts set for CDNS?

11 brokers have issued twelve-month target prices for Cadence Design Systems' stock. Their forecasts range from $75.00 to $128.00. On average, they expect Cadence Design Systems' share price to reach $103.64 in the next year. This suggests that the stock has a possible downside of 3.4%.
View analysts' price targets for Cadence Design Systems
.

Has Cadence Design Systems been receiving favorable news coverage?

Media coverage about CDNS stock has trended negative on Friday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cadence Design Systems earned a daily sentiment score of -2.2 on InfoTrie's scale. They also assigned news headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Cadence Design Systems
.

Are investors shorting Cadence Design Systems?

Cadence Design Systems saw a decline in short interest in April. As of April 30th, there was short interest totaling 4,530,000 shares, a decline of 12.5% from the April 15th total of 5,180,000 shares. Based on an average trading volume of 2,580,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the shares of the stock are sold short.
View Cadence Design Systems' Short Interest
.

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), Intel (INTC), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Paypal (PYPL), QUALCOMM (QCOM), Adobe (ADBE), salesforce.com (CRM) and Home Depot (HD).

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the following 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)

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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (1.76%), Nordea Investment Management AB (1.37%), Bank of New York Mellon Corp (0.87%), Goldman Sachs Group Inc. (0.57%), Sumitomo Mitsui Trust Holdings Inc. (0.49%) and First Trust Advisors LP (0.46%). Company insiders that own Cadence Design Systems stock 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, Susan L Bostrom 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 AJO LP, Goldman Sachs Group Inc., Bank of Montreal Can, Russell Investments Group Ltd., Prudential Financial Inc., TD Asset Management Inc., Bank of Nova Scotia, and Ardevora Asset Management LLP. 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, Susan L Bostrom, and Thomas P Beckley.
View insider buying and selling activity 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 Nordea Investment Management AB, Skandinaviska Enskilda Banken AB publ , FMR LLC, William Blair Investment Management LLC, CIBC Private Wealth Group LLC, Assenagon Asset Management S.A., Dana Investment Advisors Inc., and Bank of New York Mellon Corp.
View insider buying and selling activity 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 $107.28.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $29.91 billion and generates $2.34 billion in revenue each year. The software maker earns $988.98 million in net income (profit) each year or $3.53 on an earnings per share basis. Cadence Design Systems employs 8,100 workers across the globe.

What is Cadence Design Systems' official website?

The official website for Cadence Design Systems is 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]

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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