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NASDAQ:CDNS

Cadence Design Systems Stock Forecast, Price & News

$137.46
-1.16 (-0.84 %)
(As of 01/22/2021 03:59 PM ET)
Add
Compare
Today's Range
$137.06
Now: $137.46
$140.27
50-Day Range
$115.49
MA: $130.03
$140.10
52-Week Range
$51.39
Now: $137.46
$142.11
Volume36,841 shs
Average Volume1.63 million shs
Market Capitalization$38.34 billion
P/E Ratio35.70
Dividend YieldN/A
Beta1.05
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 logic simulation platform; Palladium, an emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation 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, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides 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. Cadence Design Systems, Inc. was founded in 1988 and is headquartered in San Jose, California.
Cadence Design Systems logo

MarketRank

Overall MarketRank

1.30 out of 5 stars

Computer And Technology Sector

439th out of 1,506 stocks

Prepackaged Software Industry

102nd out of 283 stocks

Analyst Opinion: 1.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
Current SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234
Employees8,100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$4.06 per share
Book Value$7.51 per share

Profitability

Net Income$988.98 million

Miscellaneous

Market Cap$38.34 billion
Next Earnings Date2/22/2021 (Confirmed)
OptionableOptionable
$137.46
-1.16 (-0.84 %)
(As of 01/22/2021 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

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

Cadence Design Systems' stock was trading at $62.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CDNS shares have increased by 121.0% and is now trading at $137.46.
View which stocks have been most impacted by COVID-19
.

Is Cadence Design Systems a buy right now?

11 Wall Street research 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 research analysts is that investors should "buy" Cadence Design Systems stock.
View analyst ratings for Cadence Design Systems
or view MarketBeat's top 5 stock picks.

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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cadence Design Systems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Doug Parker's approval rating as Cadence Design Systems' CEO?

1,448 employees have rated Cadence Design Systems CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Cadence Design Systems' employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, February 22nd 2021.
View our earnings forecast for Cadence Design Systems
.

How can I listen to Cadence Design Systems' earnings call?

Cadence Design Systems will be holding an earnings conference call on Monday, February 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems, Inc. (NASDAQ:CDNS) issued its quarterly earnings data on Monday, October, 19th. The software maker reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.09. The software maker earned $667 million during the quarter, compared to analysts' expectations of $642.29 million. Cadence Design Systems had a return on equity of 48.31% and a net margin of 42.68%. Cadence Design Systems's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share.
View Cadence Design Systems' earnings history
.

What price target have analysts set for CDNS?

11 equities research analysts have issued 12-month price targets for Cadence Design Systems' shares. Their forecasts range from $80.00 to $145.00. On average, they expect Cadence Design Systems' stock price to reach $117.64 in the next year. This suggests that the stock has a possible downside of 14.4%.
View analysts' price targets for Cadence Design Systems
or view Wall Street analyst' top-rated stocks.

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).

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the following people:
  • Mr. Lip-Bu Tan, CEO & Director (Age 62, Pay $1.87M)
  • Mr. Anirudh Devgan, Pres (Age 51, Pay $1.42M)
  • Mr. John M. Wall, Sr. VP & CFO (Age 50, Pay $875.08k)
  • Mr. Thomas P. Beckley, Sr. VP & Gen. Mang. of the Custom IC and PCB Group (Age 63, Pay $857.9k)
  • Mr. Aneel Zaman, Sr. VP & Chief Revenue Officer (Age 52, Pay $905.36k)
  • Mr. Ariel Sella, Co-Founder
  • Mr. James Haddad, Corp. VP of Corp. Fin. & Treasurer
  • Mr. Alan H. Lindstrom, Sr. Group Director of Investor Relations
  • Ms. Alinka Flaminia, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 59)
  • Mr. Nimish H. Modi, Sr. VP of Marketing & Bus. Devel. (Age 58)

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 many different retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.21%), Ardevora Asset Management LLP (0.17%), Gateway Investment Advisers LLC (0.07%), State of Alaska Department of Revenue (0.05%), Scout Investments Inc. (0.02%) and DNB Asset Management AS (0.01%). Company insiders that own Cadence Design Systems stock include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, James J Cowie, John B Shoven, John M Wall, Lip Bu Tan, Mark Adams, 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 Wedge Capital Management L L P NC, Ardevora Asset Management LLP, Pacer Advisors Inc., Sowell Financial Services LLC, Bowling Portfolio Management LLC, Orrstown Financial Services Inc., TrimTabs Asset Management LLC, and Spectrum Asset Management Inc. NB CA. 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, Mark Adams, Roger S Siboni, 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.

Which institutional investors are buying Cadence Design Systems stock?

CDNS stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., Louisiana State Employees Retirement System, OneAscent Financial Services LLC, Crossmark Global Holdings Inc., IFM Investors Pty Ltd, Vivid Financial Management Inc., MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, and Kestra Advisory Services LLC.
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.

What is Cadence Design Systems' stock price today?

One share of CDNS stock can currently be purchased for approximately $137.46.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $38.34 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 8,100 workers across the globe.

What is Cadence Design Systems' official website?

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

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 1/22/2021 by MarketBeat.com Staff

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