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

$78.58
-0.18 (-0.23 %)
(As of 02/19/2020 09:15 AM ET)
Today's Range
$78.05
Now: $78.58
$79.00
50-Day Range
$69.36
MA: $73.58
$79.25
52-Week Range
$52.14
Now: $78.58
$79.68
Volume1.49 million shs
Average Volume1.39 million shs
Market Capitalization$22.05 billion
P/E Ratio22.26
Dividend YieldN/A
Beta1.12
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. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$3.96 per share
Book Value$7.49 per share

Profitability

Net Income$988.98 million

Miscellaneous

Employees7,500
Market Cap$22.05 billion
Next Earnings Date4/27/2020 (Estimated)
OptionableOptionable

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Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

What is Cadence Design Systems' stock symbol?

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

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems Inc (NASDAQ:CDNS) announced its quarterly earnings data on Wednesday, February, 12th. The software maker reported $0.54 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.53 by $0.01. The software maker had revenue of $599.56 million for 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%. Cadence Design Systems's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. View Cadence Design Systems' Earnings History.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Cadence Design Systems.

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 EPS guidance of $2.40 to $2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.34.

What price target have analysts set for CDNS?

10 brokerages have issued 1-year target prices for Cadence Design Systems' stock. Their forecasts range from $75.00 to $93.00. On average, they anticipate Cadence Design Systems' stock price to reach $84.11 in the next year. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.

What is the consensus analysts' recommendation for 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.

Has Cadence Design Systems been receiving favorable news coverage?

Headlines about CDNS stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -3.7 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Cadence Design Systems.

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), Alibaba Group (BABA), Home Depot (HD), Cisco Systems (CSCO), Adobe (ADBE), Xilinx (XLNX), Mastercard (MA), Lululemon Athletica (LULU), salesforce.com (CRM) and Veeva Systems (VEEV).

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the folowing 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)

Who are Cadence Design Systems' major shareholders?

Cadence Design Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Wealth Quarterback LLC (45.40%), Massachusetts Financial Services Co. MA (8.68%), State Street Corp (4.40%), Parnassus Investments CA (3.05%), FMR LLC (1.57%) and AQR Capital Management LLC (1.44%). 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 selling Cadence Design Systems stock?

CDNS stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, AQR Capital Management LLC, Renaissance Technologies LLC, AXA, Goldman Sachs Group Inc., First Trust Advisors LP, Virginia Retirement Systems ET AL and Smith Asset Management Group LP. 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.

Which major investors are buying Cadence Design Systems stock?

CDNS stock was purchased by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Pictet Asset Management Ltd., Massachusetts Financial Services Co. MA, Credit Suisse AG, Assenagon Asset Management S.A., Point72 Asset Management L.P., Fred Alger Management LLC and FMR LLC. View Insider Buying and Selling 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 $78.58.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $22.05 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 7,500 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]


MarketBeat Community Rating for Cadence Design Systems (NASDAQ CDNS)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  445 (Vote Outperform)
Underperform Votes:  338 (Vote Underperform)
Total Votes:  783
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.
This page was last updated on 2/19/2020 by MarketBeat.com Staff

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