Cadence Design Systems/CDNS

$300.57

-1.03%
-
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
$82.63B
Market cap
79.51
P/E ratio
$3.82
EPS
1.04
Beta
-
Dividend rate

What the Analysts think about CDNS

Analyst Ratings

Majority rating from 14 analysts.
Buy

Price Targets

Average projection from 12 analysts.
6.82% upside
High $350.00
Low $280.00
$300.57
Current price
$321.08
Average price target

CDNS Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
30.3% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$1.07B
4.46%
Net income
$323.8M
27.33%
Profit margin
30.3%
21.93%

CDNS Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 3.44%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$1.29
$1.22
$1.26
$1.38
-
Expected
$1.26
$1.18
$1.20
$1.33
$1.13
Surprise
2.78%
2.96%
4.76%
3.44%
-
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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