Cadence Design Systems Stock Price, News & Analysis (NASDAQ:CDNS)

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

Cadence Design Systems Inc (NASDAQ:CDNS) posted its earnings results on Monday, July, 22nd. The software maker reported $0.38 EPS for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.02. The software maker had revenue of $580.42 million for the quarter, compared to the consensus estimate of $579.41 million. Cadence Design Systems had a return on equity of 31.86% and a net margin of 18.83%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. View Cadence Design Systems' Earnings History.

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Monday, October 21st 2019. View Earnings Estimates for Cadence Design Systems.

Cadence Design Systems will be holding an earnings conference call on Monday, October 21st 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 updated its FY19 earnings guidance on Monday, July, 22nd. The company provided earnings per share (EPS) guidance of $2.11-2.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.09. The company issued revenue guidance of $2.315-2.335 billion, compared to the consensus revenue estimate of $2.32 billion.

10 brokers have issued twelve-month target prices for Cadence Design Systems' stock. Their forecasts range from $50.00 to $80.00. On average, they anticipate Cadence Design Systems' share price to reach $69.78 in the next year. This suggests a possible upside of 4.9% from the stock's current price. View Analyst Price Targets 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 5 hold ratings and 5 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 Tuesday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cadence Design Systems earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Cadence Design Systems.

Cadence Design Systems saw a drop in short interest during the month of September. As of September 30th, there was short interest totalling 5,120,000 shares, a drop of 10.6% from the August 30th total of 5,730,000 shares. Based on an average daily volume of 1,910,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.9% of the company's shares are sold short. View Cadence Design Systems' Current Options Chain.

Some companies that are related to Cadence Design Systems include Intuit (INTU), VMware (VMW), Uber Technologies (UBER), ServiceNow (NOW), Activision Blizzard (ATVI), Dassault Systemes (DASTY), Shopify (SHOP), Autodesk (ADSK), Electronic Arts (EA), Electronic Arts (EA), Square (SQ), Veeva Systems (VEEV), Synopsys (SNPS), ANSYS (ANSS) and Splunk (SPLK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Design Systems investors own include NVIDIA (NVDA), Alibaba Group (BABA), Cisco Systems (CSCO), Paypal (PYPL), QUALCOMM (QCOM), salesforce.com (CRM), Xilinx (XLNX), Home Depot (HD), Mastercard (MA) and Visa (V).

Cadence Design Systems' stock is owned by a number of of institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (0.07%), State of Alaska Department of Revenue (0.05%), Decatur Capital Management Inc. (0.02%), Pacer Advisors Inc. (0.02%), Landsberg Bennett & Dubbaneh LLC (0.01%) and Denali Advisors LLC (0.01%). 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, 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 Denali Advisors LLC, Decatur Capital Management Inc., Crossmark Global Holdings Inc. and Landsberg Bennett & Dubbaneh LLC. 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, Roger S Siboni, Surendra Babu Mandava and Thomas P Beckley. View Insider Buying and Selling for Cadence Design Systems.

CDNS stock was purchased by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, State of Alaska Department of Revenue, Cerebellum GP LLC, Contravisory Investment Management Inc., Pacer Advisors Inc., Redhawk Wealth Advisors Inc., North Star Investment Management Corp. and Cerebellum GP LLC. 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 $66.51.

Cadence Design Systems has a market capitalization of $18.63 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].