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NASDAQ:CDNSCadence Design Systems Stock Price, Forecast & News

$91.40
+0.13 (+0.14 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$89.50
Now: $91.40
$92.46
50-Day Range
$74.59
MA: $82.85
$92.96
52-Week Range
$51.39
Now: $91.40
$93.30
Volume2.28 million shs
Average Volume2.21 million shs
Market Capitalization$25.61 billion
P/E Ratio25.82
Dividend YieldN/A
Beta1.1
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. The company also provides digital 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 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. 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. Cadence Design Systems, Inc. was founded in 1988 and is headquartered in San Jose, California.
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Cadence Design Systems logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.50 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$3.91 per share
Book Value$7.51 per share

Profitability

Net Income$988.98 million

Miscellaneous

Employees8,100
Market Cap$25.61 billion
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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Cadence Design Systems (NASDAQ:CDNS) Frequently Asked Questions

How has Cadence Design Systems' stock been impacted by COVID-19 (Coronavirus)?

Cadence Design Systems' stock was trading at $62.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CDNS shares have increased by 46.9% and is now trading at $91.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cadence Design Systems?

11 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cadence Design Systems.

When is Cadence Design Systems' next earnings date?

Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Cadence Design Systems.

How were Cadence Design Systems' earnings last quarter?

Cadence Design Systems Inc (NASDAQ:CDNS) released its quarterly earnings data on Monday, April, 20th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.54 by $0.06. The software maker earned $618 million during the quarter, compared to the consensus estimate of $613.34 million. Cadence Design Systems had a return on equity of 55.35% and a net margin of 41.74%. Cadence Design Systems's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share. View Cadence Design Systems' earnings history.

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

Cadence Design Systems updated its FY20 earnings guidance on Monday, April, 20th. The company provided EPS guidance of $2.40-$2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.41. The company issued revenue guidance of $2.545-$2.585 billion, compared to the consensus revenue estimate of $2.55 billion.

What price target have analysts set for CDNS?

11 analysts have issued twelve-month price targets for Cadence Design Systems' shares. Their forecasts range from $75.00 to $100.00. On average, they anticipate Cadence Design Systems' share price to reach $86.36 in the next twelve months. This suggests that the stock has a possible downside of 5.5%. View analysts' price targets for Cadence Design Systems.

Has Cadence Design Systems been receiving favorable news coverage?

Media stories about CDNS stock have trended extremely negative recently, InfoTrie reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cadence Design Systems earned a daily sentiment score of -5.0 on InfoTrie's scale. They also assigned news headlines about the software maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutCadence Design Systems.

Are investors shorting Cadence Design Systems?

Cadence Design Systems saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,530,000 shares, a drop of 12.5% from the April 30th total of 5,180,000 shares. Based on an average daily trading volume, of 2,580,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.7% of the shares of the stock are short sold. View Cadence Design Systems' Current Options Chain.

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), Adobe (ADBE), Cisco Systems (CSCO), Home Depot (HD), Intel (INTC), Advanced Micro Devices (AMD), Paypal (PYPL), salesforce.com (CRM) and Mastercard (MA).

Who are Cadence Design Systems' key executives?

Cadence Design Systems' management team includes the following 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)

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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.57%), Massachusetts Financial Services Co. MA (9.48%), State Street Corp (4.41%), Parnassus Investments CA (3.16%), Geode Capital Management LLC (1.96%) and Pictet Asset Management Ltd. (1.72%). 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 AQR Capital Management LLC, APG Asset Management N.V., AJO LP, APG Asset Management N.V., APG Asset Management N.V., Schroder Investment Management Group, First Trust Advisors LP, and Mackay Shields 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, Mark Adams, Roger S Siboni, Surendra Babu Mandava, and Thomas P Beckley. View insider buying and selling activity 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 BlackRock Inc., Massachusetts Financial Services Co. MA, Swedbank, Lone Pine Capital LLC, Pictet Asset Management Ltd., Fred Alger Management LLC, Bessemer Group Inc., and Ardevora Asset Management LLP. View insider buying and selling activity 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 $91.40.

How big of a company is Cadence Design Systems?

Cadence Design Systems has a market capitalization of $25.61 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 6/5/2020 by MarketBeat.com Staff

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