NASDAQ:CDNS - Cadence Design Systems Stock Price, Forecast & News

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

Cadence Design Systems Inc (NASDAQ:CDNS) announced its earnings results on Monday, October, 21st. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The software maker earned $579.60 million during the quarter, compared to analysts' expectations of $576.33 million. Cadence Design Systems had a return on equity of 30.74% and a net margin of 18.54%. The company's revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. View Cadence Design Systems' Earnings History.

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Cadence Design Systems.

Cadence Design Systems will be holding an earnings conference call on Wednesday, February 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cadence Design Systems issued an update on its fourth quarter earnings guidance on Monday, October, 21st. The company provided earnings per share guidance of $0.52-0.54 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52. The company issued revenue guidance of $590-600 million, compared to the consensus revenue estimate of $592.82 million.

8 brokerages have issued 1 year price objectives for Cadence Design Systems' stock. Their forecasts range from $73.00 to $80.00. On average, they expect Cadence Design Systems' share price to reach $76.00 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.

8 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cadence Design Systems.

Headlines about CDNS stock have been trending negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cadence Design Systems earned a daily sentiment score of -2.5 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Cadence Design Systems.

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

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), Mastercard (MA), Lululemon Athletica (LULU), salesforce.com (CRM) and Veeva Systems (VEEV).

Cadence Design Systems' stock is owned by a number of of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.28%), Wedge Capital Management L L P NC (0.23%), Artemis Investment Management LLP (0.07%), Gateway Investment Advisers LLC (0.07%), State of Alaska Department of Revenue (0.05%) and PGGM Investments (0.04%). 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.

CDNS stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Nisa Investment Advisors LLC, Jupiter Wealth Management LLC, Wedge Capital Management L L P NC, Tocqueville Asset Management L.P., Bowling Portfolio Management LLC, IFM Investors Pty Ltd and IFP Advisors 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, Mark Adams, Roger S Siboni, Surendra Babu Mandava and Thomas P Beckley. View Insider Buying and Selling for Cadence Design Systems.

CDNS stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., PGGM Investments, Artemis Investment Management LLP, Sciencast Management LP, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Cerebellum GP LLC and Carroll Financial Associates Inc.. View Insider Buying and Selling for 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.

One share of CDNS stock can currently be purchased for approximately $73.73.

Cadence Design Systems has a market capitalization of $20.69 billion and generates $2.14 billion in revenue each year. The software maker earns $345.78 million in net income (profit) each year or $1.23 on an earnings per share basis. Cadence Design Systems employs 7,500 workers across the globe.View Additional Information About Cadence Design Systems.

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

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]