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Cadence Design Systems (CDNS) Competitors

$279.56
+9.41 (+3.48%)
(As of 10/9/2024 ET)

CDNS vs. CRWD, PLTR, DDOG, EA, CRM, ADBE, INTU, SNPS, WDAY, and ADSK

Should you be buying Cadence Design Systems stock or one of its competitors? The main competitors of Cadence Design Systems include CrowdStrike (CRWD), Palantir Technologies (PLTR), Datadog (DDOG), Electronic Arts (EA), Salesforce (CRM), Adobe (ADBE), Intuit (INTU), Synopsys (SNPS), Workday (WDAY), and Autodesk (ADSK).

Cadence Design Systems vs.

Cadence Design Systems (NASDAQ:CDNS) and CrowdStrike (NASDAQ:CRWD) are both large-cap computer and technology companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, profitability, dividends, analyst recommendations, earnings, community ranking, institutional ownership, media sentiment and risk.

In the previous week, CrowdStrike had 12 more articles in the media than Cadence Design Systems. MarketBeat recorded 30 mentions for CrowdStrike and 18 mentions for Cadence Design Systems. Cadence Design Systems' average media sentiment score of 0.71 beat CrowdStrike's score of 0.50 indicating that Cadence Design Systems is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cadence Design Systems
9 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
CrowdStrike
6 Very Positive mention(s)
8 Positive mention(s)
10 Neutral mention(s)
3 Negative mention(s)
1 Very Negative mention(s)
Neutral

84.8% of Cadence Design Systems shares are owned by institutional investors. Comparatively, 71.2% of CrowdStrike shares are owned by institutional investors. 2.0% of Cadence Design Systems shares are owned by company insiders. Comparatively, 4.3% of CrowdStrike shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Cadence Design Systems has a beta of 1.02, meaning that its share price is 2% more volatile than the S&P 500. Comparatively, CrowdStrike has a beta of 1.1, meaning that its share price is 10% more volatile than the S&P 500.

Cadence Design Systems has a net margin of 25.36% compared to CrowdStrike's net margin of 4.84%. Cadence Design Systems' return on equity of 29.54% beat CrowdStrike's return on equity.

Company Net Margins Return on Equity Return on Assets
Cadence Design Systems25.36% 29.54% 17.62%
CrowdStrike 4.84%8.44%3.14%

Cadence Design Systems has higher revenue and earnings than CrowdStrike. Cadence Design Systems is trading at a lower price-to-earnings ratio than CrowdStrike, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cadence Design Systems$4.16B18.30$1.04B$3.8472.80
CrowdStrike$3.52B20.65$89.33M$0.53562.91

Cadence Design Systems presently has a consensus target price of $323.60, suggesting a potential upside of 15.75%. CrowdStrike has a consensus target price of $325.44, suggesting a potential upside of 9.08%. Given Cadence Design Systems' higher probable upside, analysts clearly believe Cadence Design Systems is more favorable than CrowdStrike.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cadence Design Systems
1 Sell rating(s)
1 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.70
CrowdStrike
1 Sell rating(s)
6 Hold rating(s)
33 Buy rating(s)
2 Strong Buy rating(s)
2.86

Cadence Design Systems received 51 more outperform votes than CrowdStrike when rated by MarketBeat users. Likewise, 71.04% of users gave Cadence Design Systems an outperform vote while only 69.64% of users gave CrowdStrike an outperform vote.

CompanyUnderperformOutperform
Cadence Design SystemsOutperform Votes
574
71.04%
Underperform Votes
234
28.96%
CrowdStrikeOutperform Votes
523
69.64%
Underperform Votes
228
30.36%

Summary

Cadence Design Systems beats CrowdStrike on 11 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CDNS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CDNS vs. The Competition

MetricCadence Design SystemsPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$76.16B$23.59B$22.87B$8.48B
Dividend YieldN/A2.32%2.72%4.13%
P/E Ratio72.8077.53260.7618.50
Price / Sales18.3030.14560.1073.84
Price / Cash60.8580.8630.9933.23
Price / Book22.359.747.614.80
Net Income$1.04B$445.32M$658.69M$225.22M
7 Day Performance4.70%0.12%1.26%2.63%
1 Month Performance10.58%11.56%6.57%11.89%
1 Year Performance13.03%18.68%21.68%19.78%

Cadence Design Systems Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CDNS
Cadence Design Systems
4.7827 of 5 stars
$279.56
+3.5%
$323.60
+15.8%
+10.7%$76.16B$4.16B72.8011,200Analyst Forecast
CRWD
CrowdStrike
4.1335 of 5 stars
$280.24
+1.8%
$326.50
+16.5%
+65.8%$68.20B$3.52B528.767,925Analyst Forecast
PLTR
Palantir Technologies
2.5649 of 5 stars
$37.51
+2.9%
$27.29
-27.3%
+149.5%$84.00B$2.23B312.613,735Insider Selling
DDOG
Datadog
4.8213 of 5 stars
$116.22
+2.0%
$140.85
+21.2%
+31.0%$38.88B$2.39B363.195,200Analyst Forecast
Insider Selling
News Coverage
EA
Electronic Arts
4.5881 of 5 stars
$143.20
+0.7%
$161.94
+13.1%
+16.6%$38.05B$7.30B30.6013,700
CRM
Salesforce
4.5976 of 5 stars
$279.48
+3.2%
$310.74
+11.2%
+40.6%$270.82B$36.47B50.2772,682Insider Selling
Analyst Revision
ADBE
Adobe
4.6742 of 5 stars
$505.81
+0.6%
$606.40
+19.9%
-5.8%$224.28B$20.95B45.4529,945
INTU
Intuit
4.9087 of 5 stars
$607.28
+0.2%
$735.71
+21.1%
+15.0%$169.76B$16.29B56.0218,800
SNPS
Synopsys
4.9254 of 5 stars
$496.82
+0.3%
$638.00
+28.4%
+9.4%$76.32B$5.84B54.0020,300Gap Up
WDAY
Workday
4.8985 of 5 stars
$237.15
-1.5%
$287.04
+21.0%
+12.1%$62.84B$7.86B42.7318,800Insider Selling
ADSK
Autodesk
4.4862 of 5 stars
$270.17
+1.0%
$290.47
+7.5%
+31.0%$58.22B$5.81B58.4814,100Positive News

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This page (NASDAQ:CDNS) was last updated on 10/9/2024 by MarketBeat.com Staff
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