Cadence Design Systems/CDNS

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About Cadence Design Systems

Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.

Ticker

CDNS

Sector

Technology

Trading on

NASDAQ

Industry

Software

Headquarters

San Jose, United States

Employees

11,200
Website
www.cadence.com

CDNS Metrics

BasicAdvanced
$85B
Market cap
80.97
P/E ratio
$3.84
EPS
1.03
Beta
-
Dividend rate
$85B
1.03
1.317
0.957
8.404
18.2
33.92%
13.86%
32.17%
80.97
20.54
23.51
50.59
69.25
10.75%
22.73%
13.33%
17.95%

What the Analysts think about CDNS

Analyst Ratings

Majority rating from 16 analysts.
Buy

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%
-

CDNS News

AllArticlesVideos

Cadence Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity

Business Wire·1 week ago

Cadence and Intel Foundry Collaborate on Systems Foundry Enablement for the AI Era

Business Wire·1 week ago

Cadence's John Wall to Present at Nasdaq Conference

Business Wire·4 weeks ago
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.
Market closedNon-fractional

Upcoming events

No upcoming events

FAQs

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

Cadence Design Systems (CDNS) has a market cap of $85B as of July 03, 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 80.97 as of July 03, 2024.

Does Cadence Design Systems stock pay dividends?

No, Cadence Design Systems (CDNS) stock does not pay dividends to its shareholders as of July 03, 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 1.03. 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.

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