Log in

NASDAQ:CDNS - Cadence Design Systems Stock Price, Forecast & News

$73.73
+0.67 (+0.92 %)
(As of 01/17/2020 04:00 PM ET)
Today's Range
$72.65
Now: $73.73
$73.84
50-Day Range
$65.23
MA: $69.73
$73.73
52-Week Range
$45.17
Now: $73.73
$77.08
Volume1.77 million shs
Average Volume1.40 million shs
Market Capitalization$20.69 billion
P/E Ratio59.94
Dividend YieldN/A
Beta1.15
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. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:CDNS
CUSIP12738710
Phone408-943-1234

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.14 billion
Cash Flow$1.68 per share
Book Value$4.57 per share

Profitability

Net Income$345.78 million

Miscellaneous

Employees7,500
Market Cap$20.69 billion
Next Earnings Date2/12/2020 (Confirmed)
OptionableOptionable

Receive CDNS News and Ratings via Email

Sign-up to receive the latest news and ratings for CDNS and its competitors with MarketBeat's FREE daily newsletter.


[URGENT] Have you seen this?! (Ad)


I call it my "Dividend Map", and I'll show you exactly where to find the safest companies that pay the highest yields. (HINT: Texas has 6 of these companies sending huge payouts that average 77%!). I'm willing to send you my Map... but only if you

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 quarterly earnings data on Monday, October, 21st. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.51 by $0.03. The software maker earned $579.60 million during the quarter, compared to the consensus estimate of $576.33 million. Cadence Design Systems had a net margin of 18.54% and a return on equity of 30.74%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. View Cadence Design Systems' Earnings History.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates 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 Wednesday, February 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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 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?

8 analysts have issued 12-month target prices for Cadence Design Systems' stock. Their forecasts range from $73.00 to $80.00. On average, they anticipate Cadence Design Systems' stock price to reach $76.00 in the next year. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Cadence Design Systems.

What is the consensus analysts' recommendation for Cadence Design Systems?

8 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 4 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?

Media coverage about CDNS stock has trended positive on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cadence Design Systems earned a news sentiment score of 2.9 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Cadence Design Systems.

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), Alibaba Group (BABA), Home Depot (HD), Adobe (ADBE), Cisco Systems (CSCO), Xilinx (XLNX), Mastercard (MA), Lululemon Athletica (LULU), salesforce.com (CRM) and Veeva Systems (VEEV).

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 investors include Assenagon Asset Management S.A. (0.28%), Wedge Capital Management L L P NC (0.23%), Artemis Investment Management LLP (0.07%), Gateway Investment Advisers LLC (0.07%), State of Alaska Department of Revenue (0.05%) and PGGM Investments (0.04%). 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, Roger S Siboni, Surendra Babu Mandava and Thomas P Beckley. 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 DNB Asset Management AS, Nisa Investment Advisors LLC, Jupiter Wealth Management LLC, Wedge Capital Management L L P NC, Tocqueville Asset Management L.P., Bowling Portfolio Management LLC, IFM Investors Pty Ltd and IFP Advisors Inc. 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 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 purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., PGGM Investments, Artemis Investment Management LLP, Sciencast Management LP, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Cerebellum GP LLC and Carroll Financial Associates 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 $73.73.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $20.69 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?

The official website for Cadence Design Systems is http://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]


MarketBeat Community Rating for Cadence Design Systems (NASDAQ CDNS)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  430 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  761
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.
This page was last updated on 1/18/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel