Cadence Design Systems/CDNS

$289.65

0.25%
-
1D1W1MYTD1YMAX

About Cadence Design Systems

Cadence Design Systems, Inc. is an electronic system designing company. The Company provides computational software, special-purpose computational hardware, intellectual property (IP) and services to multiple vertical sectors. The Company's Custom IC Design and Simulation offerings are used by its customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital IC Design and Signoff solutions are used to create logical representations of a digital circuit or an integrated circuit (IC) that can be verified for correctness prior to implementation. The Company’s Functional Verification products are used by its customers to verify that the circuitry or the software they have designed is consistent with the functional specification. Its IP offerings consist of pre-verified, customizable functional blocks.

Ticker

CDNS

Sector

Technology

Trading on

NASDAQ

Industry

Software & Programming

CEO

Anirudh Devgan

Employees

11,200

Headquarters

San jose, United States

CDNS Metrics

BasicAdvanced
$80B
Market cap
76.37
P/E ratio
$3.84
EPS
1.04
Beta
-
Dividend rate
$80B
1.04278
$327.36
$202.08
1.5M
1.317
1.19
8.404
18.2
74.063
19.22%
32.17%
25.39%
76.371
19.562
22.357
48.112
65.94
10.75%
22.9%
15.09%
21.81%

What the Analysts think about CDNS

Analyst Ratings

Majority rating from 16 analysts.
Buy

Price Targets

Average projection from 14 analysts.
13.82% upside
High $350.00
Low $280.00
$289.65
Current price
$329.67
Average price target

CDNS Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
24.53% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$1B
-5.57%
Net income
$248M
-23.53%
Profit margin
24.53%
-19.04%

CDNS Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 3.94%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$1.22
$1.26
$1.38
$1.17
-
Expected
$1.18
$1.20
$1.33
$1.13
$1.22
Surprise
2.96%
4.76%
3.44%
3.94%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Cadence Design Systems stock?

Cadence Design Systems (CDNS) has a market cap of $79B as of May 20, 2024.

What is the P/E ratio for Cadence Design Systems stock?

The price to earnings (P/E) ratio for Cadence Design Systems (CDNS) stock is 75.25 as of May 20, 2024.

Does Cadence Design Systems stock pay dividends?

No, Cadence Design Systems (CDNS) stock does not pay dividends to its shareholders as of May 20, 2024.

When is the next Cadence Design Systems dividend payment date?

Cadence Design Systems (CDNS) stock does not pay dividends to its shareholders.

What is the beta indicator for Cadence Design Systems?

Cadence Design Systems (CDNS) has a beta rating of 1.04. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Cadence Design Systems stock price target?

The target price for Cadence Design Systems (CDNS) stock is $329.67, which is 14.15% above the current price of $288.81. This is an average based on projections from 14 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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