NASDAQ:CDNS

Cadence Design Systems Stock Forecast, Price & News

$130.91
+2.71 (+2.11 %)
(As of 06/17/2021 12:00 AM ET)
Add
Compare
Today's Range
$127.03
$131.49
50-Day Range
$121.14
$147.59
52-Week Range
$90.05
$149.08
Volume1.34 million shs
Average Volume1.74 million shs
Market Capitalization$36.43 billion
P/E Ratio55.94
Dividend YieldN/A
Beta1
30 days | 90 days | 365 days | Advanced Chart
Receive CDNS News and Ratings via Email

Sign-up to receive the latest news and ratings for Cadence Design Systems and its competitors with MarketBeat's FREE daily newsletter.


Cadence Design Systems logo

About Cadence Design Systems

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 enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products, including Genus logic synthesis and RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; 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 design and analysis 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 to verify the correct interaction with dozens of design IP interface protocols. 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 incorporated in 1988 and is headquartered in San Jose, California.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

1.63 out of 5 stars

Computer And Technology Sector

302nd out of 1,586 stocks

Prepackaged Software Industry

71st out of 311 stocks

Analyst Opinion: 2.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

Is Cadence Design Systems a buy right now?

11 Wall Street 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 research analysts is that investors should "buy" Cadence Design Systems stock.
View analyst ratings for Cadence Design Systems
or view top-rated stocks.

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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cadence Design Systems wasn't one of them. MarketBeat thinks these five companies 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 Monday, July 19th 2021.
View our earnings forecast for Cadence Design Systems
.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems, Inc. (NASDAQ:CDNS) posted its quarterly earnings results on Sunday, April, 25th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. The software maker earned $736.03 million during the quarter, compared to the consensus estimate of $717.79 million. Cadence Design Systems had a net margin of 23.34% and a trailing twelve-month return on equity of 27.00%. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS.
View Cadence Design Systems' earnings history
.

How has Cadence Design Systems' stock price been impacted by COVID-19?

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. Since then, CDNS shares have increased by 110.4% and is now trading at $130.91.
View which stocks have been most impacted by COVID-19
.

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

Cadence Design Systems updated its second quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 0.740-0.780 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.760. The company issued revenue guidance of $705 million-$725 million, compared to the consensus revenue estimate of $722.73 million.

What price target have analysts set for CDNS?

11 brokers have issued 12 month target prices for Cadence Design Systems' shares. Their forecasts range from $117.00 to $165.00. On average, they expect Cadence Design Systems' stock price to reach $147.00 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
View analysts' price targets for Cadence Design Systems
or view top-rated stocks among Wall Street analysts.

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the following people:
  • Mr. Lip-Bu Tan, CEO & Director (Age 62, Pay $2.11M) (LinkedIn Profile)
  • Dr. Anirudh Devgan, Pres (Age 51, Pay $1.54M) (LinkedIn Profile)
  • Mr. John M. Wall, Sr. VP & CFO (Age 50, Pay $1.15M) (LinkedIn Profile)
  • Ms. Alinka Flaminia, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 59, Pay $489.59k) (LinkedIn Profile)
  • Dr. Chin-Chi Teng Ph.D., Sr. VP of R&D (Age 55, Pay $999.9k) (LinkedIn Profile)
  • Mr. Ariel Sella, Co-Founder
  • Mr. James Haddad, Corp. VP of Corp. Fin. & Treasurer
  • Mr. Alan H. Lindstrom, Sr. Group Director of Investor Relations (LinkedIn Profile)
  • Mr. Nimish H. Modi, Sr. VP of Marketing & Bus. Devel. (Age 58) (LinkedIn Profile)
  • Ms. Christina Rooke Jones, Sr. VP of Global HR

What is Lip-Bu Tan's approval rating as Cadence Design Systems' CEO?

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.

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).

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.71%), Massachusetts Financial Services Co. MA (8.08%), Parnassus Investments CA (2.08%), Geode Capital Management LLC (1.81%), UBS Asset Management Americas Inc. (1.30%) and Janus Henderson Group PLC (1.26%). 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, Paul Cunningham, Roger S Siboni, Surendra Babu Mandava, Susan L Bostrom, Thomas P Beckley and Vincentelli Albert Sangiovanni.
View institutional ownership trends for Cadence Design Systems
.

Which major 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, Parnassus Investments CA, Bank Julius Baer & Co. Ltd Zurich, Price T Rowe Associates Inc. MD, APG Asset Management N.V., KBC Group NV, Schroder Investment Management Group, and Virginia Retirement Systems ET AL. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, James D Plummer, John B Shoven, John M Wall, Lip Bu Tan, Paul Cunningham, Surendra Babu Mandava, Susan L Bostrom, Thomas P Beckley, and Vincentelli Albert Sangiovanni.
View insider buying and selling activity for Cadence Design Systems
or view top insider-selling stocks.

Which major investors are buying Cadence Design Systems stock?

CDNS stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Janus Henderson Group PLC, Arrowstreet Capital Limited Partnership, UBS Asset Management Americas Inc., The Manufacturers Life Insurance Company, Assetmark Inc., Assenagon Asset Management S.A., and JPMorgan Chase & Co..
View insider buying and selling activity for Cadence Design Systems
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cadence Design Systems' stock price today?

One share of CDNS stock can currently be purchased for approximately $130.91.

How much money does Cadence Design Systems make?

Cadence Design Systems has a market capitalization of $36.43 billion and generates $2.68 billion in revenue each year. The software maker earns $590.64 million in net income (profit) each year or $2.11 on an earnings per share basis.

How many employees does Cadence Design Systems have?

Cadence Design Systems employs 8,800 workers across the globe.

Does Cadence Design Systems have any subsidiaries?

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.

When was Cadence Design Systems founded?

Cadence Design Systems was founded in 1988.

What is Cadence Design Systems' official website?

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

Where are Cadence Design Systems' headquarters?

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

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 6/18/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.