Cadence Design Systems Stock Forecast, Price & News

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, 2 hold ratings and 8 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.

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.

Cadence Design Systems saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 3,360,000 shares, a drop of 19.4% from the March 31st total of 4,170,000 shares. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.2% of the company's shares are short sold.
View Cadence Design Systems' Short Interest.

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.

Cadence Design Systems, Inc. (NASDAQ:CDNS) posted its earnings results on Sunday, April, 25th. The software maker reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.08. The software maker earned $736.03 million during the quarter, compared to analyst estimates of $717.79 million. Cadence Design Systems had a trailing twelve-month return on equity of 48.31% and a net margin of 42.68%. Cadence Design Systems's quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS.
View Cadence Design Systems' earnings history.

Cadence Design Systems' stock was trading at $62.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CDNS shares have increased by 96.2% and is now trading at $122.07.
View which stocks have been most impacted by COVID-19.

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

11 brokers have issued 1-year price targets for Cadence Design Systems' stock. 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 20.4% from the stock's current price.
View analysts' price targets for Cadence Design Systems or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Cadence Design Systems include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Synopsys (SNPS), ANSYS (ANSS), SS&C Technologies (SSNC), Splunk (SPLK), Tyler Technologies (TYL), Nuance Communications (NUAN), Citrix Systems (CTXS), Fair Isaac (FICO), FactSet Research Systems (FDS) and Pegasystems (PEGA).
View all of CDNS's competitors.

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).

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

Cadence Design Systems' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.71%), Massachusetts Financial Services Co. MA (8.08%), Parnassus Investments CA (2.08%), Geode Capital Management LLC (1.81%), JPMorgan Chase & Co. (1.22%) and Northern Trust Corp (1.16%). 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.

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, KBC Group NV, Virginia Retirement Systems ET AL, Acadian Asset Management LLC, Smith Asset Management Group LP, and Jupiter Asset Management Ltd.. 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.

CDNS stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, The Manufacturers Life Insurance Company, Assenagon Asset Management S.A., JPMorgan Chase & Co., BlackRock Inc., Stonehage Fleming Financial Services Holdings Ltd, Franklin Resources Inc., and Van ECK Associates Corp.
View insider buying and selling activity for Cadence Design Systems or or view top insider-buying stocks.

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.

One share of CDNS stock can currently be purchased for approximately $122.07.

Cadence Design Systems has a market capitalization of $33.97 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 8,800 workers across the globe.

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.

Cadence Design Systems was founded in 1988.

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

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

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]