NASDAQ:CDNS

Cadence Design Systems Stock Forecast, Price & News

$167.61
+0.07 (+0.04 %)
(As of 09/16/2021 04:00 PM ET)
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Today's Range
$165.60
$168.21
50-Day Range
$137.31
$167.54
52-Week Range
$97.45
$168.61
Volume983,779 shs
Average Volume1.52 million shs
Market Capitalization$46.39 billion
P/E Ratio68.98
Dividend YieldN/A
Beta1.03
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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.

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MarketRank

Overall MarketRank

2.21 out of 5 stars

Computer And Technology Sector

272nd out of 857 stocks

Prepackaged Software Industry

66th out of 247 stocks

Analyst Opinion: 2.3Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

Is Cadence Design Systems a buy right now?

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

What stocks does MarketBeat like better than Cadence Design Systems?

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.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, October 18th 2021.
View our earnings forecast for Cadence Design Systems
.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems, Inc. (NASDAQ:CDNS) posted its quarterly earnings results on Sunday, July, 25th. The software maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. The software maker earned $728.29 million during the quarter, compared to analysts' expectations of $715.77 million. Cadence Design Systems had a trailing twelve-month return on equity of 28.93% and a net margin of 23.47%. During the same quarter in the previous year, the company posted $0.66 earnings per share.
View Cadence Design Systems' earnings history
.

How has Cadence Design Systems' stock price been impacted by COVID-19 (Coronavirus)?

Cadence Design Systems' stock was trading at $62.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CDNS stock has increased by 169.4% and is now trading at $167.61.
View which stocks have been most impacted by COVID-19
.

What guidance has Cadence Design Systems issued on next quarter's earnings?

Cadence Design Systems updated its third quarter 2021 earnings guidance on Monday, August, 2nd. The company provided earnings per share guidance of $0.740-$0.760 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.740. The company issued revenue guidance of $730 million-$750 million, compared to the consensus revenue estimate of $722.56 million.

What price target have analysts set for CDNS?

13 analysts have issued twelve-month price objectives for Cadence Design Systems' stock. Their forecasts range from $125.00 to $168.00. On average, they expect Cadence Design Systems' share price to reach $149.82 in the next twelve months. This suggests that the stock has a possible downside of 10.6%.
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.

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), 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).

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.39%), BlackRock Inc. (11.25%), Massachusetts Financial Services Co. MA (7.68%), State Street Corp (4.20%), FMR LLC (3.54%) and Geode Capital Management LLC (1.84%). 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 BlackRock Inc., Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., Parnassus Investments CA, Invesco Ltd., American Century Companies Inc., Morgan Stanley, and Morgan Stanley. 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 acquired by a variety of institutional investors in the last quarter, including Putnam Investments LLC, FMR LLC, Man Group plc, The Manufacturers Life Insurance Company , Amundi, Deutsche Bank AG, Impax Asset Management Group plc, and Bank of New York Mellon Corp.
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 $167.61.

How much money does Cadence Design Systems make?

Cadence Design Systems has a market capitalization of $46.39 billion and generates $2.68 billion in revenue each year. The software maker earns $590.64 million in net income (profit) each year or $2.11 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 or via email at [email protected]


This page was last updated on 9/16/2021 by MarketBeat.com Staff
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