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S&P 500   3,852.36
DOW   32,920.46
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Is This The End of Capitalism? (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
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The Next Big Crisis Is Here (Ad)
Buying The Dip In Colgate-Palmolive 
GE Healthcare Technology: Speculating On Dividends 
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
Is This The End of Capitalism? (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
The Next Big Crisis Is Here (Ad)
Buying The Dip In Colgate-Palmolive 
GE Healthcare Technology: Speculating On Dividends 
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
Is This The End of Capitalism? (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
The Next Big Crisis Is Here (Ad)
Buying The Dip In Colgate-Palmolive 
GE Healthcare Technology: Speculating On Dividends 
NASDAQ:CDNS

Cadence Design Systems - CDNS Stock Forecast, Price & News

$180.74
-4.29 (-2.32%)
(As of 01/30/2023 12:00 AM ET)
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Compare
Today's Range
$180.62
$183.72
50-Day Range
$156.80
$185.63
52-Week Range
$132.32
$194.97
Volume
1.16 million shs
Average Volume
1.38 million shs
Market Capitalization
$49.58 billion
P/E Ratio
63.64
Dividend Yield
N/A
Price Target
$195.50

Cadence Design Systems MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
8.2% Upside
$195.50 Price Target
Short Interest
Healthy
0.98% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.47
Upright™ Environmental Score
News Sentiment
0.67mentions of Cadence Design Systems in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$22.42 M Sold Last Quarter
Proj. Earnings Growth
7.04%
From $3.41 to $3.65 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Computer And Technology Sector

397th out of 631 stocks

Prepackaged Software Industry

138th out of 217 stocks


CDNS stock logo

About Cadence Design Systems (NASDAQ:CDNS) Stock

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. It operates through the following geographical segments: Americas, Asia, Europe, Middle East and Africa, and Japan. 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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CDNS Stock News Headlines

Cadence (CADE) Q4 Earnings Beat Estimates
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Bullish on Intel in 2023? Buy This Top Chip Stock Instead
Cadence Design: Good Position In A Growing Industry
See More Headlines
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CDNS Company Calendar

Last Earnings
10/24/2021
Today
1/31/2023
Next Earnings (Confirmed)
2/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:CDNS
CUSIP
12738710
Employees
9,300
Year Founded
1988

Price Target and Rating

Average Stock Price Forecast
$195.50
High Stock Price Forecast
$215.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+8.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$695.96 million
Pretax Margin
29.95%

Debt

Sales & Book Value

Annual Sales
$2.99 billion
Cash Flow
$3.16 per share
Book Value
$9.89 per share

Miscellaneous

Free Float
268,857,000
Market Cap
$49.58 billion
Optionable
Optionable
Beta
1.10

Social Links


Key Executives

  • Anirudh DevganAnirudh Devgan
    President, Chief Executive Officer & Director
  • John M. WallJohn M. Wall
    Chief Financial Officer & Senior Vice President
  • Chin Chi TengChin Chi Teng
    Senior Vice President-Research & Development
  • Neil Kole
    Chief Information Officer & Senior Vice President
  • Neil ZamanNeil Zaman
    Chief Revenue Officer & Senior Vice President













CDNS Stock - Frequently Asked Questions

Should I buy or sell Cadence Design Systems stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CDNS shares.
View CDNS analyst ratings
or view top-rated stocks.

What is Cadence Design Systems' stock price forecast for 2023?

11 brokerages have issued 12-month target prices for Cadence Design Systems' shares. Their CDNS share price forecasts range from $175.00 to $215.00. On average, they predict the company's stock price to reach $195.50 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for CDNS
or view top-rated stocks among Wall Street analysts.

How have CDNS shares performed in 2023?

Cadence Design Systems' stock was trading at $160.64 at the beginning of 2023. Since then, CDNS shares have increased by 12.5% and is now trading at $180.74.
View the best growth stocks for 2023 here
.

When is Cadence Design Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our CDNS earnings forecast
.

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

Cadence Design Systems will be holding an earnings conference call on Monday, February 13th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems, Inc. (NASDAQ:CDNS) posted its quarterly earnings data on Sunday, October, 24th. The software maker reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.05. The software maker had revenue of $750.90 million for the quarter, compared to analyst estimates of $741.84 million. Cadence Design Systems had a trailing twelve-month return on equity of 33.19% and a net margin of 22.86%. The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share.
Read the conference call transcript
.

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

Cadence Design Systems issued an update on its FY 2022 earnings guidance on Tuesday, November, 1st. The company provided EPS guidance of $4.20-$4.24 for the period, compared to the consensus EPS estimate of $4.12. The company issued revenue guidance of $3.53 billion-$3.55 billion, compared to the consensus revenue estimate of $3.50 billion.

What is Lip-Bu Tan's approval rating as Cadence Design Systems' CEO?

675 employees have rated Cadence Design Systems Chief Executive Officer Lip-Bu Tan on Glassdoor.com. Lip-Bu Tan has an approval rating of 98% among the company's employees. This puts Lip-Bu Tan in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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 (CRM), Adobe (ADBE) and 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 many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.33%), Allspring Global Investments Holdings LLC (0.31%), Bank Julius Baer & Co. Ltd Zurich (0.26%), Stephens Investment Management Group LLC (0.16%), Wedge Capital Management L L P NC (0.14%) and New York State Common Retirement Fund (0.14%). Insiders that own company stock include Aneel Zaman, Anirudh Devgan, Chin-Chi Teng, James D Plummer, James J Cowie, John B Shoven, John M Wall, Karna Nisewaner, Lip Bu Tan, Mark Adams, Paul Cunningham, Roger S Siboni, Surendra Babu Mandava, Susan L Bostrom, Thomas P Beckley, Vincentelli Albert Sangiovanni and Young Sohn.
View institutional ownership trends
.

How do I buy shares of Cadence Design Systems?

Shares of CDNS stock 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 $180.74.

How much money does Cadence Design Systems make?

Cadence Design Systems (NASDAQ:CDNS) has a market capitalization of $49.58 billion and generates $2.99 billion in revenue each year. The software maker earns $695.96 million in net income (profit) each year or $2.84 on an earnings per share basis.

How many employees does Cadence Design Systems have?

The company employs 9,300 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.
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How can I contact Cadence Design Systems?

Cadence Design Systems' mailing address is 2655 SEELY AVENUE BLDG 5, SAN JOSE CA, 95134. The official website for the company is www.cadence.com. The software maker can be reached via phone at (408) 943-1234, via email at investor_relations@cadence.com, or via fax at 408-428-5001.

This page (NASDAQ:CDNS) was last updated on 1/31/2023 by MarketBeat.com Staff