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

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

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.

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Cadence Design Systems.

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.

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.

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.

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.

Some companies that are related to Cadence Design Systems include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Aspen Technology (AZPN) and Guidewire Software (GWRE).

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).

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.

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.

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.

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.

One share of CDNS stock can currently be purchased for approximately $74.58.

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.

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

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]