Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis 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, a verification computing platform; and Protium S1 field-programmable gate array prototyping platform. The company also provides digital integrated circuit (IC) design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation tools, including place and route, signal integrity, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry, as well as design for manufacturing products for use in the product development process. In addition, it offers custom IC design and verification products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company was founded in 1988 and is headquartered in San Jose, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234
Debt
Debt-to-Equity Ratio0.29
Current Ratio1.30
Quick Ratio1.26
Price-To-Earnings
Trailing P/E Ratio38.31
Forward P/E Ratio40.61
P/E Growth3.35
Sales & Book Value
Annual Sales$1.94 billion
Price / Sales5.91
Cash Flow$1.4821 per share
Price / Cash27.40
Book Value$3.50 per share
Price / Book11.60
Profitability
EPS (Most Recent Fiscal Year)$1.06
Net Income$204.10 million
Net Margins10.62%
Return on Equity28.38%
Return on Assets12.62%
Miscellaneous
Employees7,200
Outstanding Shares282,810,000
Market Cap$11.34 billion
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 will Cadence Design Systems' stock buyback program work?
Cadence Design Systems declared that its Board of Directors has initiated a stock buyback plan on Wednesday, April 12th 2017, which authorizes the company to repurchase $525,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 79% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
How were Cadence Design Systems' earnings last quarter?
Cadence Design Systems Inc (NASDAQ:CDNS) released its earnings results on Monday, October, 22nd. The software maker reported $0.49 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.08. The software maker earned $532.47 million during the quarter, compared to analysts' expectations of $516.50 million. Cadence Design Systems had a return on equity of 28.38% and a net margin of 10.62%. Cadence Design Systems's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. View Cadence Design Systems' Earnings History.
What guidance has Cadence Design Systems issued on next quarter's earnings?
Cadence Design Systems updated its fourth quarter earnings guidance on Monday, October, 22nd. The company provided EPS guidance of $0.46-0.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. The company issued revenue guidance of $545-555 million, compared to the consensus revenue estimate of $529.57 million.Cadence Design Systems also updated its FY 2018 guidance to $1.80-1.82 EPS.
What price target have analysts set for CDNS?
7 analysts have issued 1-year price targets for Cadence Design Systems' shares. Their forecasts range from $46.00 to $52.00. On average, they anticipate Cadence Design Systems' share price to reach $49.1667 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.
What is the consensus analysts' recommendation for Cadence Design Systems?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cadence Design Systems.
Who are some of Cadence Design Systems' key competitors?
Some companies that are related to Cadence Design Systems include Dassault Systemes (DASTY), ServiceNow (NOW), Electronic Arts (EA), Square (SQ), Autodesk (ADSK), CA (CA), Check Point Software Technologies (CHKP), Mobileye (MBBYF), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Splunk (SPLK), Citrix Systems (CTXS), Shopify (SHOP), Veeva Systems (VEEV), Synopsys (SNPS) and ANSYS (ANSS).
Who are Cadence Design Systems' key executives?
Cadence Design Systems' management team includes the folowing people:
- Mr. Lip-Bu Tan, CEO & Director (Age 58)
- Mr. Anirudh Devgan, Pres (Age 48)
- Mr. John M. Wall, Sr. VP & CFO (Age 47)
- Mr. Aneel Zaman, Sr. VP of Worldwide Field Operations (Age 49)
- Mr. Surendra Babu Mandava, Sr. VP of R&D of IP Group (Age 59)
Who are Cadence Design Systems' major shareholders?
Cadence Design Systems' stock is owned by a number of of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Asset Management Company LTD (0.51%), Peregrine Capital Management LLC (0.30%), Bank of Montreal Can (0.29%), Aperio Group LLC (0.11%), Andra AP fonden (0.06%) and Nisa Investment Advisors LLC (0.03%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Geoffrey G Ribar, James D Plummer, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni, 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 Sumitomo Mitsui Asset Management Company LTD, Iberiabank Corp, Aperio Group LLC, Strs Ohio, Andra AP fonden, Texas Permanent School Fund and Fox Run Management L.L.C.. Company insiders that have sold Cadence Design Systems company stock in the last year include Aneel Zaman, Anirudh Devgan, James D Plummer, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Roger S Siboni and Thomas P Beckley. View Insider Buying and Selling for Cadence Design Systems.
Which institutional investors are buying Cadence Design Systems stock?
CDNS stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Clinton Group Inc., Peregrine Capital Management LLC, First Hawaiian Bank, Seven Eight Capital LP, Oakbrook Investments LLC, Calamos Advisors LLC and IFM Investors Pty Ltd. 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, Scottrade, Fidelity and Charles Schwab.
What is Cadence Design Systems' stock price today?
One share of CDNS stock can currently be purchased for approximately $40.61.
How big of a company is Cadence Design Systems?
Cadence Design Systems has a market capitalization of $11.34 billion and generates $1.94 billion in revenue each year. The software maker earns $204.10 million in net income (profit) each year or $1.06 on an earnings per share basis. Cadence Design Systems employs 7,200 workers across the globe.
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.
