Cadence Design Systems Stock Forecast, Price & News

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

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%.
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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.

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), Splunk (SPLK), Tyler Technologies (TYL), SS&C Technologies (SSNC), Citrix Systems (CTXS), Fair Isaac (FICO), Nuance Communications (NUAN), FactSet Research Systems (FDS) and Pegasystems (PEGA).
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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).

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

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.

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.
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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 .
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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.
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One share of CDNS stock can currently be purchased for approximately $139.42.

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.

Cadence Design Systems employs 8,100 workers across the globe.

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.

Cadence Design Systems was founded in 1988.

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

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

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]