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NASDAQ:CDNS

Cadence Design Systems Stock Forecast, Price & News

$116.58
+3.54 (+3.13 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$113.67
Now: $116.58
$116.89
50-Day Range
$107.64
MA: $113.99
$125.50
52-Week Range
$51.39
Now: $116.58
$127.50
Volume927,268 shs
Average Volume1.91 million shs
Market Capitalization$32.52 billion
P/E Ratio30.28
Dividend YieldN/A
Beta1.11
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.52 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$4.19 per share
Book Value$8.59 per share

Profitability

Net Income$988.98 million

Miscellaneous

Market Cap$32.52 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$116.58
+3.54 (+3.13 %)
(As of 11/27/2020 12:00 AM 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 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 (WHO). Since then, CDNS shares have increased by 87.4% and is now trading at $116.58.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Cadence Design Systems
.

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 winning trading ideas this year 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 Wednesday, February 10th 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 earnings results on Monday, October, 19th. The software maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. The software maker had revenue of $667 million for the quarter, compared to the consensus estimate of $642.29 million. Cadence Design Systems had a return on equity of 48.31% and a net margin of 42.68%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 earnings per share.
View Cadence Design Systems' earnings history
.

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

Cadence Design Systems updated its FY20 earnings guidance on Monday, October, 19th. The company provided earnings per share (EPS) guidance of $2.68-$2.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.54. The company issued revenue guidance of $2.643-$2.663 billion, compared to the consensus revenue estimate of $2.61 billion.

What price target have analysts set for CDNS?

10 brokers have issued 12 month price targets for Cadence Design Systems' shares. Their forecasts range from $80.00 to $135.00. On average, they anticipate Cadence Design Systems' share price to reach $114.90 in the next twelve months. This suggests that the stock has a possible downside of 1.4%.
View analysts' price targets for Cadence Design Systems
.

Are investors shorting Cadence Design Systems?

Cadence Design Systems saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 2,890,000 shares, an increase of 17.5% from the October 15th total of 2,460,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.1% of the company's shares 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), 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).

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the following people:
  • Mr. Lip-Bu Tan, CEO & Director (Age 61, Pay $1.87M)
  • Mr. Anirudh Devgan, Pres (Age 50, Pay $1.42M)
  • Mr. John M. Wall, Sr. VP & CFO (Age 49, Pay $875.08k)
  • Mr. Thomas P. Beckley, Sr. VP & Gen. Mang. of the Custom IC and PCB Group (Age 62, Pay $857.9k)
  • Mr. Aneel Zaman, Sr. VP & Chief Revenue Officer (Age 51, Pay $905.36k)
  • 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 58)
  • Mr. Nimish H. Modi, Sr. VP of Marketing & Bus. Devel. (Age 57)

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 BlackRock Inc. (11.22%), Massachusetts Financial Services Co. MA (9.64%), State Street Corp (4.42%), Alkeon Capital Management LLC (1.99%), UBS Asset Management Americas Inc. (0.64%) and Nuveen Asset Management LLC (0.61%). 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 Massachusetts Financial Services Co. MA, AQR Capital Management LLC, Los Angeles Capital Management & Equity Research Inc., Acadian Asset Management LLC, Artemis Investment Management LLP, AJO LP, Federated Hermes Inc., and AXA S.A.. 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 bought by a variety of institutional investors in the last quarter, including Jupiter Asset Management Ltd., Alkeon Capital Management LLC, BlackRock Inc., Polar Capital LLP, Polar Capital LLP, The Manufacturers Life Insurance Company, Voloridge Investment Management LLC, and BNP Paribas Arbitrage SA.
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 $116.58.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $32.52 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 11/28/2020 by MarketBeat.com Staff

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