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) announced its quarterly earnings data on Wednesday, February, 12th. The software maker reported $0.54 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.53 by $0.01. The software maker had revenue of $599.56 million for the quarter, compared to the consensus estimate of $595.48 million. Cadence Design Systems had a return on equity of 62.01% and a net margin of 42.33%. Cadence Design Systems's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. View Cadence Design Systems' Earnings History.

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Cadence Design Systems.

Cadence Design Systems issued an update on its FY20 earnings guidance on Wednesday, February, 12th. The company provided EPS guidance of $2.40 to $2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.34.

10 brokerages have issued 1-year target prices for Cadence Design Systems' stock. Their forecasts range from $75.00 to $93.00. On average, they anticipate Cadence Design Systems' stock price to reach $84.11 in the next year. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets 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 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cadence Design Systems.

Headlines about CDNS stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cadence Design Systems earned a coverage optimism score of -3.7 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. 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), Synopsys (SNPS), ANSYS (ANSS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Guidewire Software (GWRE) and Aspen Technology (AZPN).

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), Adobe (ADBE), Xilinx (XLNX), Mastercard (MA), Lululemon Athletica (LULU), salesforce.com (CRM) and Veeva Systems (VEEV).

Cadence Design Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Wealth Quarterback LLC (45.40%), Massachusetts Financial Services Co. MA (8.68%), State Street Corp (4.40%), Parnassus Investments CA (3.05%), FMR LLC (1.57%) and AQR Capital Management LLC (1.44%). 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 Janus Henderson Group PLC, AQR Capital Management LLC, Renaissance Technologies LLC, AXA, Goldman Sachs Group Inc., First Trust Advisors LP, Virginia Retirement Systems ET AL and Smith Asset Management Group LP. 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 purchased by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Pictet Asset Management Ltd., Massachusetts Financial Services Co. MA, Credit Suisse AG, Assenagon Asset Management S.A., Point72 Asset Management L.P., Fred Alger Management LLC and FMR LLC. 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 $78.58.

Cadence Design Systems has a market capitalization of $22.05 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 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]