S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:CDNS

Cadence Design Systems (CDNS) Stock Forecast, Price & News

$146.60
+2.77 (+1.93%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$141.00
$147.47
50-Day Range
$135.68
$167.11
52-Week Range
$122.04
$192.70
Volume
2.92 million shs
Average Volume
1.81 million shs
Market Capitalization
$40.43 billion
P/E Ratio
54.91
Dividend Yield
N/A
Beta
1.13
30 days | 90 days | 365 days | Advanced Chart
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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 and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. 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 comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:CDNS
CUSIP
12738710
Employees
9,300
Year Founded
1988

Sales & Book Value

Annual Sales
$2.99 billion
Cash Flow
$3.30 per share
Book Value
$10.01 per share

Profitability

Net Income
$695.96 million
Pretax Margin
27.77%

Debt

Price-To-Earnings

Miscellaneous

Free Float
270,271,000
Market Cap
$40.43 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/25/2022
Today
5/21/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.59 out of 5 stars

Computer And Technology Sector

167th out of 919 stocks

Prepackaged Software Industry

39th out of 297 stocks

Analyst Opinion: 4.3Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

Is Cadence Design Systems a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Cadence Design Systems stock.
View analyst ratings for Cadence Design Systems
or view top-rated stocks.

Are investors shorting Cadence Design Systems?

Cadence Design Systems saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,490,000 shares, an increase of 22.5% from the April 15th total of 2,850,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the short-interest ratio is presently 1.9 days. Approximately 1.3% of the company's shares are short sold.
View Cadence Design Systems' Short Interest
.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
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 results on Monday, April, 25th. The software maker reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. The software maker earned $902 million during the quarter, compared to analysts' expectations of $859.63 million. Cadence Design Systems had a trailing twelve-month return on equity of 31.01% and a net margin of 23.59%. The firm's quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share.
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 FY22 earnings guidance on Monday, April, 25th. The company provided earnings per share (EPS) guidance of $3.89-3.97 for the period, compared to the consensus EPS estimate of $3.76. The company issued revenue guidance of $3.395-$3.435 billion, compared to the consensus revenue estimate of $3.36 billion.

What price target have analysts set for CDNS?

11 Wall Street analysts have issued 1-year target prices for Cadence Design Systems' shares. Their forecasts range from $168.00 to $215.00. On average, they anticipate Cadence Design Systems' stock price to reach $186.73 in the next year. This suggests a possible upside of 27.4% 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, Exec. Chair of the Board (Age 63, Pay $2.17M) (LinkedIn Profile)
  • Dr. Anirudh Devgan Ph.D., CEO, Pres & Director (Age 52, Pay $1.74M)
  • Mr. John M. Wall, Sr. VP & CFO (Age 51, Pay $1.3M) (LinkedIn Profile)
  • Mr. Thomas P. Beckley, Sr. VP and GM of Custom IC & PCB Group (Age 64, Pay $1.07M) (LinkedIn Profile)
  • Mr. Aneel Zaman, Sr. VP & Chief Revenue Officer (Age 53, Pay $1.3M) (LinkedIn Profile)
  • Dr. Chin-Chi Teng Ph.D., Sr. VP and GM of the Digital & Signoff Group (Age 56, Pay $1.09M)
  • Mr. Ariel Sella, Co-Founder
  • Mr. James Haddad, Corp. VP of Corp. Fin. & Treasurer
  • Mr. Richard Gu, VP of Investor Relations
  • Ms. Alinka Flaminia, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 60)
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.

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 (CRM), Adobe (ADBE) and 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (12.12%), Vanguard Group Inc. (11.52%), Massachusetts Financial Services Co. MA (7.13%), State Street Corp (4.19%), The Manufacturers Life Insurance Company (1.15%) and Brown Advisory Inc. (1.15%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, James D Plummer, John B Shoven, John M Wall, Lip Bu Tan, Mark Adams, Paul Cunningham, 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 Parnassus Investments LLC, 1832 Asset Management L.P., American Century Companies Inc., Ardevora Asset Management LLP, Caisse DE Depot ET Placement DU Quebec, State Street Corp, Raymond James & Associates, and Bank of New York Mellon Corp. 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 M Wall, Lip Bu Tan, Mark Adams, Paul Cunningham, and Thomas P Beckley.
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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Van ECK Associates Corp, Vanguard Group Inc., Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Goldman Sachs Group Inc., Liontrust Investment Partners LLP, and Massachusetts Financial Services Co. MA.
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 $146.60.

How much money does Cadence Design Systems make?

Cadence Design Systems has a market capitalization of $40.43 billion and generates $2.99 billion in revenue each year. The software maker earns $695.96 million in net income (profit) each year or $2.67 on an earnings per share basis.

How many employees does Cadence Design Systems have?

Cadence Design Systems employs 9,300 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.

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, via email at [email protected], or via fax at 408-428-5001.

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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