NASDAQ:CDNSCadence Design Systems Stock Price, Forecast & News

$63.93

-2.00 (-3.03 %)

(As of 04/5/2020 02:08 AM ET)

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Today's Range

$63.74

Now: $63.93▼

$66.72

50-Day Range

$54.48

MA: $66.51▼

$80.02

52-Week Range

$51.39

Now: $63.93▼

$80.40

Volume2.55 million shs

Average Volume3.17 million shs

Market Capitalization$17.91 billion

P/E Ratio18.11

Dividend YieldN/A

Beta0.99

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.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Cadence Design Systems has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $84.11, Cadence Design Systems has a potential upside of 31.6% from its current price of $63.93.
Amount of Analyst Coverage
Cadence Design Systems has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Cadence Design Systems has received 456 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cadence Design Systems has received 345 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cadence Design Systems has received 56.93% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Cadence Design Systems and other stocks. Vote “Outperform” if you believe CDNS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CDNS will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Cadence Design Systems does not currently pay a dividend.
Dividend Growth
Cadence Design Systems does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cadence Design Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,824,968.00 in company stock.
Percentage Held by Insiders
Only 2.58% of the stock of Cadence Design Systems is held by insiders.
Percentage Held by Institutions
86.68% of the stock of Cadence Design Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Cadence Design Systems are expected to grow by 21.19% in the coming year, from $1.51 to $1.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cadence Design Systems is 18.11, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cadence Design Systems is 18.11, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 29.82.
Price to Earnings Growth Ratio
Cadence Design Systems has a PEG Ratio of 4.44. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cadence Design Systems has a P/B Ratio of 8.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.00 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryApplication Software

SectorComputer and Technology

Current SymbolNASDAQ:CDNS

Previous Symbol

CUSIP12738710

CIK813672

Webhttp://www.cadence.com/

Phone408-943-1234

Debt

Debt-to-Equity Ratio0.16

Current Ratio1.74

Quick Ratio1.66

Price-To-Earnings

Trailing P/E Ratio18.11

Forward P/E Ratio42.34

P/E Growth4.44

Sales & Book Value

Annual Sales$2.34 billion

Price / Sales7.67

Cash Flow$3.86 per share

Price / Cash Flow16.58

Book Value$7.51 per share

Price / Book8.51

Profitability

EPS (Most Recent Fiscal Year)$3.53

Net Income$988.98 million

Net Margins42.33%

Return on Equity62.01%

Return on Assets35.39%

Miscellaneous

Employees8,100

Outstanding Shares280,170,000

Market Cap$17.91 billion

Next Earnings Date4/27/2020 (Estimated)

OptionableOptionable

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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 reached pandemic status according to the World Health Organization (WHO). Since then, CDNS stock has increased by 2.8% and is now trading at $63.93. View which stocks have been mosted impacted by Coronavirus.

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 4 hold ratings and 6 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, April 27th 2020. View our earnings forecast for Cadence Design Systems.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems Inc (NASDAQ:CDNS) issued its quarterly earnings data on Wednesday, February, 12th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The software maker earned $599.56 million during 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%. The company's revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. 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 Wednesday, February, 12th. The company provided earnings per share (EPS) guidance of $2.40 to $2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.34.

What price target have analysts set for CDNS?

10 analysts have issued 12-month price objectives for Cadence Design Systems' stock. Their forecasts range from $75.00 to $93.00. On average, they expect Cadence Design Systems' stock price to reach $84.11 in the next twelve months. This suggests a possible upside of 31.6% from the stock's current price. View analysts' price targets for Cadence Design Systems.

Has Cadence Design Systems been receiving favorable news coverage?

Headlines about CDNS stock have trended very negative recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of 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 -3.3 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCadence Design Systems.

Are investors shorting Cadence Design Systems?

Cadence Design Systems saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 5,692,900 shares, an increase of 13.9% from the February 27th total of 5,000,000 shares. Based on an average daily volume of 2,697,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.1% of the shares of the company are short sold. View Cadence Design Systems' Current Options Chain.

Who are some of Cadence Design Systems' key competitors?

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

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), Home Depot (HD), Adobe (ADBE), Cisco Systems (CSCO), Xilinx (XLNX), salesforce.com (CRM), Mastercard (MA), Intel (INTC) and Lululemon Athletica (LULU).

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 Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%). 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.

Which major investors are buying Cadence Design Systems stock?

CDNS stock was bought by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group LLC. 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 $63.93.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $17.91 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. View additional information about Cadence Design Systems.

What is Cadence Design Systems' official website?

The official website for Cadence Design Systems is http://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 4/5/2020 by MarketBeat.com Staff

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NASDAQ:CDNSCadence Design Systems Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

4.3 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage