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NASDAQ:CDNS

Cadence Design Systems Stock Forecast, Price & News

$180.47
+3.01 (+1.70%)
(As of 12/1/2021 11:22 AM ET)
Add
Compare
Today's Range
$179.00
$181.48
50-Day Range
$148.05
$188.12
52-Week Range
$113.80
$190.09
Volume
12,294 shs
Average Volume
1.44 million shs
Market Capitalization
$50.02 billion
P/E Ratio
72.77
Dividend Yield
N/A
Beta
1.07
30 days | 90 days | 365 days | Advanced Chart
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Cadence Design Systems logo

About Cadence Design Systems

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

Headlines

Why Is Cadence (CDNS) Up 5% Since Last Earnings Report?
November 24, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:CDNS
CUSIP
12738710
Employees
8,800
Year Founded
1988

Sales & Book Value

Annual Sales
$2.68 billion
Cash Flow
$2.67 per share
Book Value
$8.94 per share

Profitability

Net Income
$590.64 million
Pretax Margin
25.56%

Debt

Price-To-Earnings

Miscellaneous

Free Float
270,739,000
Market Cap
$50.02 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/24/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/28/2022

Social Links


MarketRank

Overall MarketRank

2.33 out of 5 stars

Computer And Technology Sector

240th out of 892 stocks

Prepackaged Software Industry

60th out of 266 stocks

Analyst Opinion: 2.3Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

Is Cadence Design Systems a buy right now?

13 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 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cadence Design Systems stock.
View analyst ratings for Cadence Design Systems
or view top-rated stocks.

How has Cadence Design Systems' stock been impacted by Coronavirus?

Cadence Design Systems' stock was trading at $62.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CDNS shares have increased by 190.9% and is now trading at $180.94.
View which stocks have been most impacted by COVID-19
.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, February 28th 2022.
View our earnings forecast for Cadence Design Systems
.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems, Inc. (NASDAQ:CDNS) announced its quarterly earnings results on Sunday, October, 24th. The software maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. The software maker had revenue of $750.90 million for the quarter, compared to the consensus estimate of $741.84 million. Cadence Design Systems had a net margin of 23.30% and a trailing twelve-month return on equity of 28.98%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 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 FY 2021 earnings guidance on Monday, November, 1st. The company provided EPS guidance of $3.240-$3.280 for the period, compared to the Thomson Reuters consensus estimate of $3.170. The company issued revenue guidance of $2.96 billion-$2.98 billion, compared to the consensus revenue estimate of $2.95 billion.

What price target have analysts set for CDNS?

13 Wall Street analysts have issued 1 year price objectives for Cadence Design Systems' stock. Their forecasts range from $145.00 to $190.00. On average, they expect Cadence Design Systems' share price to reach $170.17 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
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:

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.com (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 retail and institutional investors. Top institutional investors include BlackRock Inc. (11.28%), Massachusetts Financial Services Co. MA (7.58%), Geode Capital Management LLC (1.86%), Parnassus Investments LLC (1.85%), Parnassus Investments LLC (1.84%) and Janus Henderson Group PLC (1.49%). 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 institutional investors are selling Cadence Design Systems stock?

CDNS stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Credit Suisse AG, Bank of New York Mellon Corp, Massachusetts Financial Services Co. MA, Arrowstreet Capital Limited Partnership, Deutsche Bank AG, PGGM Investments, and Dimensional Fund Advisors LP. 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, Thomas P Beckley, and Vincentelli Albert Sangiovanni.
View insider buying and selling activity for Cadence Design Systems
or view top insider-selling stocks.

Which institutional investors are buying Cadence Design Systems stock?

CDNS stock was purchased by a variety of institutional investors in the last quarter, including Liontrust Investment Partners LLP, Nordea Investment Management AB, The Manufacturers Life Insurance Company , Goldman Sachs Group Inc., Two Sigma Investments LP, Putnam Investments LLC, Caisse DE Depot ET Placement DU Quebec, and Parnassus Investments LLC.
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 $180.94.

How much money does Cadence Design Systems make?

Cadence Design Systems has a market capitalization of $50.15 billion and generates $2.68 billion in revenue each year. The software maker earns $590.64 million in net income (profit) each year or $2.48 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, via email at [email protected], or via fax at 408-428-5001.


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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