CADENCE DESIGN SYS INC (CDNS) Stock Price, Quote, News and Overview
NASDAQ:CDNS - Nasdaq - US1273871087 - Common Stock - Currency: USD
CDNS Quote, Performance and Key Statistics
258.34
-11.89 (-4.4%)
The current stock price of CDNS is 258.34 USD. In the past month the price decreased by -20.39%. In the past year, price decreased by -14.89%.
CDNS Competitors/Peers
Symbol | Name | TA | FA | PE | Market Cap |
|---|---|---|---|---|---|
| SAP | SAP SE-SPONSORED ADR | 59.83 | 330.11B | ||
| CRM | SALESFORCE INC | 31.94 | 296.48B | ||
| PLTR | PALANTIR TECHNOLOGIES INC-A | 247.2 | 230.78B | ||
| ADBE | ADOBE INC | 24.12 | 193.42B | ||
| INTU | INTUIT INC | 33.26 | 158.29B | ||
| APP | APPLOVIN CORP-CLASS A | 91.48 | 139.37B | ||
| MSTR | MICROSTRATEGY INC-CL A | N/A | 77.37B | ||
| TEAM | ATLASSIAN CORP-CL A | 87.19 | 74.93B | ||
| SNPS | SYNOPSYS INC | 35.46 | 73.40B | ||
| WDAY | WORKDAY INC-CLASS A | 36.89 | 68.20B | ||
| ROP | ROPER TECHNOLOGIES INC | 31.33 | 61.56B | ||
| ADSK | AUTODESK INC | 34.42 | 61.27B |
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About CDNS
Company Profile
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. The company is headquartered in San Jose, California and currently employs 12,703 full-time employees. The firm applies its Intelligent System Design strategy to deliver software, hardware and intellectual property (IP) that turn design concepts into reality. Its 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. Its 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. The company also offers multi-domain, engineering simulation solutions.
Company Info
CADENCE DESIGN SYS INC
2655 Seely Avenue Bldg 5
San Jose CALIFORNIA 95134 US
CEO: Lip-Bu Tan
Employees: 11200
Company Website: https://www.cadence.com/
Investor Relations: https://www.cadence.com/en_US/home/company/investors.html
Phone: 14089431234
CADENCE DESIGN SYS INC / CDNS FAQ
What is the stock price of CADENCE DESIGN SYS INC today?
The current stock price of CDNS is 258.34 USD. The price decreased by -4.4% in the last trading session.
What is the ticker symbol for CADENCE DESIGN SYS INC stock?
The exchange symbol of CADENCE DESIGN SYS INC is CDNS and it is listed on the Nasdaq exchange.
On which exchange is CDNS stock listed?
CDNS stock is listed on the Nasdaq exchange.
What is the price forecast or stock price prediction for CADENCE DESIGN SYS INC stock?
27 analysts have analysed CDNS and the average price target is 333.19 USD. This implies a price increase of 28.97% is expected in the next year compared to the current price of 258.34. Check the CADENCE DESIGN SYS INC stock analysts ratings, price target forecast and up-and down grades for more detailed information.
What is CADENCE DESIGN SYS INC worth?
CADENCE DESIGN SYS INC (CDNS) has a market capitalization of 70.85B USD. This makes CDNS a Large Cap stock.
How many employees does CADENCE DESIGN SYS INC have?
CADENCE DESIGN SYS INC (CDNS) currently has 11200 employees.
What are the support and resistance levels for CADENCE DESIGN SYS INC (CDNS) stock?
CADENCE DESIGN SYS INC (CDNS) has a support level at 252.71 and a resistance level at 258.35. Check the full technical report for a detailed analysis of CDNS support and resistance levels.
Is CADENCE DESIGN SYS INC (CDNS) expected to grow?
The Revenue of CADENCE DESIGN SYS INC (CDNS) is expected to grow by 13.29% in the next year. Check the estimates tab for more information on the CDNS EPS, Sales, EBIT and EBITDA future analyst estimates.
Should I buy CADENCE DESIGN SYS INC (CDNS) stock?
There is no straightforward answer here. It depends on your investment strategy as different types of investors will look at different aspects. In any case it is important to make an informed decision and these pages can help you forming an opinion:
- The Technical Analysis (TA) tab contains a technical analysis of CDNS, looking at technical quality and support and resistance levels
- The Fundamental Analysis (FA) tab contains a fundamental analysis of CDNS, evaluating the profitability, health, valuation and growth aspects
- CADENCE DESIGN SYS INC (CDNS) Price Target Forecast and Analysts Ratings to understand what professional analysts say.
- CADENCE DESIGN SYS INC (CDNS) Sales and EPS estimates to see what analysts future expectations are.
- CADENCE DESIGN SYS INC (CDNS) Income, Balance Sheet and Cash Flow statements to dive into the historical financials.
- CADENCE DESIGN SYS INC (CDNS) Insider and Institutional Ownership to learn about the owners and their transactions.
- CADENCE DESIGN SYS INC (CDNS) Stock Chart to make your own analysis
- CADENCE DESIGN SYS INC (CDNS) Latest news and press-releases to stay up to date.
Does CADENCE DESIGN SYS INC (CDNS) stock pay dividends?
CDNS does not pay a dividend.
When does CADENCE DESIGN SYS INC (CDNS) report earnings?
CADENCE DESIGN SYS INC (CDNS) will report earnings on 2025-04-21, after the market close.
What is the Price/Earnings (PE) ratio of CADENCE DESIGN SYS INC (CDNS)?
The PE ratio for CADENCE DESIGN SYS INC (CDNS) is 43.27. This is based on the reported non-GAAP earnings per share of 5.97 and the current share price of 258.34 USD. Check the full fundamental report for a full analysis of the valuation metrics for CDNS.
What is the Short Interest ratio of CADENCE DESIGN SYS INC (CDNS) stock?
The outstanding short interest for CADENCE DESIGN SYS INC (CDNS) is 1.5% of its float. Check the ownership tab for more information on the CDNS short interest.
CDNS Technical Analysis
CDNS Fundamental Analysis
ChartMill assigns a fundamental rating of 6 / 10 to CDNS. CDNS scores excellent on profitability, but there are some minor concerns on its financial health.
CDNS Financial Highlights
Over the last trailing twelve months CDNS reported a non-GAAP Earnings per Share(EPS) of 5.97. The EPS increased by 15.92% compared to the year before.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | 22.74% | ||
| ROA | 11.76% | ||
| ROE | 22.58% | ||
| Debt/Equity | 0.53 |
CDNS Ownership and Analysts
ChartMill assigns a Buy % Consensus number of 80% to CDNS. The Buy consensus is the average rating of analysts ratings from 27 analysts.
For the next year, analysts expect an EPS growth of 15.93% and a revenue growth 13.29% for CDNS