Cadence Design Systems IncCDNS

CDNS current price
$306.75+12.98%

Capital at risk.

1W
-1.44%
1M
+1.18%
3M
+12.31%
6M
-4.76%
1Y
+12.98%
MAX
+1,595.69%
About Cadence Design Systems Inc
Ticker
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CDNS
Trading on
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NASDAQ
ISIN
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US1273871087
Industry
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Software - Application
Sector
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Technology
CEO
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Dr. Anirudh Devgan Ph.D.
Headquarters
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Building 5, San Jose, CA, United States, 95134
Employees
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12,703
Website
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cadence.com
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 logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. 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 design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
Metrics
BasicAdvanced
Market cap
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$84.7B
P/E ratio
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81.32
EPS
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$3.79
Dividend Yield
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0.00%
Beta
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1.02
Forward P/E ratio
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44.84
EBIDTA
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$1.45B
Ex dividend date
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-
Price & volume
Market cap
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$84.7B
Average daily volume
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1.6M
90-day return
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12.31%
30-day return
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1.18%
7-day return
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-1.44%
Dividends
Dividend per share
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$0.00
Dividend yield
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0.00%
Forward dividend per share
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$0.00
Forward dividend yield
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0.00%
Payout ratio
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0.00%
Valuation
P/E ratio
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81.32
Forward P/E
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44.84
PEG ratio
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3.27
Trailing P/E
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81.32
Price to sales
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19.45
Price to book
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18.56
Earnings
EPS
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$3.79
EPS estimate (current quarter)
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$1.44
EPS estimate (next quarter)
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$1.98
EBITDA
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$1.45B
Revenues (TTM)
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$4.35B
Revenues per share (TTM)
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$16.10
Technicals
Beta
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1.02
52-week High
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$328.99
52-week Low
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$241.29
50-day moving average
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$287.40
200-day moving average
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$289.11
Short ratio
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1.99
Short %
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1.56%
Management effectiveness
ROE (TTM)
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27.07%
ROA (TTM)
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10.87%
Profit margin
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23.87%
Gross profit margin
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$3.19B
Operating margin
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30.90%
Growth
Quarterly earnings growth (YoY)
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6.50%
Quarterly revenue growth (YoY)
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18.80%
Share stats
Outstanding Shares
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274M
Float
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272M
Insiders %
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0.81%
Institutions %
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91.00%
Analyst Insights & forecasts
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80% Buy

15% Hold

5% Sell

Based on information from 20 analysts.

Average price target

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$318.02
Earnings per share (EPS) forecast
windowbar_chart_4_bars
Actual
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Expected
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Surprise
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$1.38
$1.33
3.76%
Q4 • 23Beat
$1.17
$1.13
3.54%
Q1 • 24Beat
$1.28
$1.22
4.92%
Q2 • 24Beat
$1.64
$1.44
13.89%
Q3 • 24Beat
-
-
-
Q4 • 24Current
QuarterlyAnnual
Financial Performance
windowbar_chart_4_bars
Income StatementBalance SheetCash Flow
windowbar_chart_4_bars
Revenue
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Net income
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Profit margin
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$1.06B
$230M
21.64%
Q2 • 24
$1.22B
$238M
19.59%
Q3 • 24
14.60%
3.74%
9.47%
QoQ growth
QuarterlyAnnual
Totals assets
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Total liabilities
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Debt to assets
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$7.23B
$2.96B
41.03%
Q2 • 24
$9.17B
$4.6B
50.22%
Q3 • 24
26.87%
55.28%
22.39%
QoQ growth
QuarterlyAnnual
Operating
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Investing
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Financing
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Free cash flow
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$156M
$-678M
$575M
$127M
Q2 • 24
$410M
$-39.3M
$1.33B
$383M
Q3 • 24
162.88%
94.21%
132.24%
202.49%
QoQ growth
QuarterlyAnnual
Sentiment analysis

-1.5

Extreme greed

+1.5

0.92

Last 30 days

Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Past performance is no guarantee of future results. Your return may be affected by currency fluctuations and applicable fees and charges. The value of your investment may go up as well as down. When investing, your capital at risk.

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FAQs

How much is a Cadence Design Systems Inc share?
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Cadence Design Systems Inc shares are currently traded for $306.75 per share.

How many shares does Cadence Design Systems Inc have?
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Cadence Design Systems Inc currently has 274M shares.

Does Cadence Design Systems Inc pay dividends?
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No, Cadence Design Systems Inc doesn't pay dividends.

What is Cadence Design Systems Inc 52 week high?
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Cadence Design Systems Inc 52 week high is $328.99.

What is Cadence Design Systems Inc 52 week low?
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Cadence Design Systems Inc 52 week low is $241.29.

What is the 200-day moving average of Cadence Design Systems Inc?
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Cadence Design Systems Inc 200-day moving average is $289.11.

Who is Cadence Design Systems Inc CEO?
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The CEO of Cadence Design Systems Inc is Dr. Anirudh Devgan Ph.D..

How many employees Cadence Design Systems Inc has?
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Cadence Design Systems Inc has 12,703 employees.

What is the market cap of Cadence Design Systems Inc?
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The market cap of Cadence Design Systems Inc is $84.7B.

What is the P/E of Cadence Design Systems Inc?
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The current P/E of Cadence Design Systems Inc is 81.32.

What is the EPS of Cadence Design Systems Inc?
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The EPS of Cadence Design Systems Inc is $3.79.

What is the PEG Ratio of Cadence Design Systems Inc?
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The PEG Ration of Cadence Design Systems Inc is 3.27.

What do analysts say about Cadence Design Systems Inc?
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According to the analysts Cadence Design Systems Inc is considered a buy.