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NASDAQ:CDNS

Cadence Design Systems Stock Forecast, Price & News

$139.42
+6.82 (+5.14 %)
(As of 02/24/2021 12:00 AM ET)
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Today's Range
$129.81
Now: $139.42
$140.20
50-Day Range
$128.43
MA: $136.83
$145.99
52-Week Range
$51.39
Now: $139.42
$149.08
Volume3.09 million shs
Average Volume1.59 million shs
Market Capitalization$38.89 billion
P/E Ratio36.21
Dividend YieldN/A
Beta1.05
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 emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. 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, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides 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.
Cadence Design Systems logo

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
Current SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234
Employees8,100
Year Founded1988

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$4.12 per share
Book Value$7.51 per share

Profitability

Net Income$988.98 million

Miscellaneous

Market Cap$38.89 billion
Next Earnings Date4/19/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.50 out of 5 stars

Computer And Technology Sector

332nd out of 1,521 stocks

Prepackaged Software Industry

67th out of 282 stocks

Analyst Opinion: 2.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$139.42
+6.82 (+5.14 %)
(As of 02/24/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

Is Cadence Design Systems a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 8 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.

What stocks does MarketBeat like better than Cadence Design Systems?

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

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, April 19th 2021.
View our earnings forecast for Cadence Design Systems
.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems, Inc. (NASDAQ:CDNS) released its quarterly earnings data on Sunday, February, 21st. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09. The software maker had revenue of $759.10 million for the quarter, compared to the consensus estimate of $731.31 million. Cadence Design Systems had a net margin of 42.68% and a trailing twelve-month return on equity of 48.31%. The business's revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS.
View Cadence Design Systems' earnings history
.

How has Cadence Design Systems' stock been impacted by COVID-19 (Coronavirus)?

Cadence Design Systems' stock was trading at $62.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CDNS stock has increased by 124.1% and is now trading at $139.42.
View which stocks have been most impacted by COVID-19
.

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

Cadence Design Systems updated its FY21 earnings guidance on Monday, February, 22nd. The company provided earnings per share guidance of $2.95-3.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.88. The company issued revenue guidance of $2.86-2.92 billion, compared to the consensus revenue estimate of $2.83 billion.

What price target have analysts set for CDNS?

11 brokerages have issued 12-month price objectives for Cadence Design Systems' shares. Their forecasts range from $89.00 to $160.00. On average, they expect Cadence Design Systems' stock price to reach $138.27 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
View analysts' price targets for Cadence Design Systems
or view top-rated stocks among Wall Street analysts.

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the following people:
  • Mr. Lip-Bu Tan, CEO & Director (Age 62, Pay $1.87M) (LinkedIn Profile)
  • Mr. Anirudh Devgan, Pres (Age 51, Pay $1.42M) (LinkedIn Profile)
  • Mr. John M. Wall, Sr. VP & CFO (Age 50, Pay $875.08k) (LinkedIn Profile)
  • Mr. Thomas P. Beckley, Sr. VP & Gen. Mang. of the Custom IC and PCB Group (Age 63, Pay $857.9k) (LinkedIn Profile)
  • Mr. Aneel Zaman, Sr. VP & Chief Revenue Officer (Age 52, Pay $905.36k) (LinkedIn Profile)
  • Mr. Ariel Sella, Co-Founder
  • Mr. James Haddad, Corp. VP of Corp. Fin. & Treasurer
  • Mr. Alan H. Lindstrom, Sr. Group Director of Investor Relations
  • Ms. Alinka Flaminia, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 59)
  • Mr. Nimish H. Modi, Sr. VP of Marketing & Bus. Devel. (Age 58) (LinkedIn Profile)

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

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.

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), 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).

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 BlackRock Inc. (11.57%), Parnassus Investments CA (2.50%), FMR LLC (2.22%), Northern Trust Corp (1.15%), Price T Rowe Associates Inc. MD (1.04%) and Janus Henderson Group PLC (0.93%). 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, Thomas P Beckley and Vincentelli Albert Sangiovanni.
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 Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc., Skandinaviska Enskilda Banken AB publ , Schroder Investment Management Group, Schroder Investment Management Group, Jupiter Asset Management Ltd., Glenmede Trust Co. NA, and Federated Hermes Inc.. 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, Roger S Siboni, 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.

Which major investors are buying Cadence Design Systems stock?

CDNS stock was bought by a variety of institutional investors in the last quarter, including Brown Advisory Inc., FMR LLC, BlackRock Inc., Victory Capital Management Inc., KBC Group NV, Stonehage Fleming Financial Services Holdings Ltd, Nuveen Asset Management LLC, and The Manufacturers Life Insurance Company .
View insider buying and selling activity for Cadence Design Systems
or or view top insider-buying stocks.

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 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 $139.42.

How much money does Cadence Design Systems make?

Cadence Design Systems has a market capitalization of $38.89 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.

How many employees does Cadence Design Systems have?

Cadence Design Systems employs 8,100 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.

When was Cadence Design Systems founded?

Cadence Design Systems was founded in 1988.

What is Cadence Design Systems' official website?

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

Where are Cadence Design Systems' headquarters?

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

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 2/25/2021 by MarketBeat.com Staff

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