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.
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Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Phone408-943-1234
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.14 billion
Profitability
Miscellaneous
Employees7,500
Next Earnings Date2/18/2020 (Estimated)
OptionableOptionable
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) issued its earnings results on Monday, October, 21st. The software maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The software maker had revenue of $579.60 million for the quarter, compared to the consensus estimate of $576.33 million. Cadence Design Systems had a return on equity of 31.86% and a net margin of 18.83%. The firm's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. View Cadence Design Systems' Earnings History.
When is Cadence Design Systems' next earnings date?
What guidance has Cadence Design Systems issued on next quarter's earnings?
Cadence Design Systems updated its fourth quarter earnings guidance on Monday, October, 21st. The company provided earnings per share guidance of $0.52-0.54 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52. The company issued revenue guidance of $590-600 million, compared to the consensus revenue estimate of $592.82 million.
What price target have analysts set for CDNS?
10 brokers have issued 12-month price objectives for Cadence Design Systems' shares. Their forecasts range from $50.00 to $80.00. On average, they anticipate Cadence Design Systems' share price to reach $70.33 in the next twelve months. This suggests a possible upside of 11.7% 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?
News coverage about CDNS stock has trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cadence Design Systems earned a coverage optimism score of -1.7 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Cadence Design Systems.
Are investors shorting Cadence Design Systems?
Cadence Design Systems saw a drop in short interest in 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 trading 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.
Who are some of Cadence Design Systems' key competitors?
Some companies that are related to Cadence Design Systems include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Workday (WDAY), Autodesk (ADSK), Synopsys (SNPS), ANSYS (ANSS), Splunk (SPLK), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), FactSet Research Systems (FDS), Guidewire Software (GWRE), Fair Isaac (FICO) and Aspen Technology (AZPN).
What other stocks do shareholders of Cadence Design Systems own?
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 a number of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.30%), Stephens Investment Management Group LLC (0.29%), Virginia Retirement Systems ET AL (0.09%), Assenagon Asset Management S.A. (0.08%), Gateway Investment Advisers LLC (0.07%) and Artemis Investment Management LLP (0.07%). 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.
Which major investors are selling Cadence Design Systems stock?
CDNS stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Zurcher Kantonalbank Zurich Cantonalbank, Denali Advisors LLC, Virginia Retirement Systems ET AL, Decatur Capital Management Inc., Gateway Investment Advisers LLC, Convergence Investment Partners LLC and Campbell & CO Investment Adviser 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.
Which major investors are buying Cadence Design Systems stock?
CDNS stock was bought by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, State of Alaska Department of Revenue, Robeco Institutional Asset Management B.V., Stephens Investment Management Group LLC, Commerzbank Aktiengesellschaft FI, Cerebellum GP LLC, Contravisory Investment Management Inc. and Pacer Advisors Inc.. 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 $62.94.
How big of a company is Cadence Design Systems?
Cadence Design Systems has a market capitalization of $17.63 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.
What is Cadence Design Systems' official website?
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)
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.
