CADENCE DESIGN SYS INC (CDNS) Stock Price, Forecast & Analysis
USA - NASDAQ:CDNS - US1273871087 - Common Stock
CDNS Key Statistics, Chart & Performance
The current stock price of CDNS is 325.05 USD. In the past month the price decreased by -0.6%. In the past year, price increased by 7.9%.
CDNS Latest News, Press Relases and Analysis
CDNS Competitors/Peers
Symbol | Company Name | TA | FA | PE | Market Cap |
|---|---|---|---|---|---|
| PLTR | PALANTIR TECHNOLOGIES INC-A | 278.02 | 421.93B | ||
| CRM | SALESFORCE INC | 22.46 | 228.37B | ||
| APP | APPLOVIN CORP-CLASS A | 70.53 | 209.69B | ||
| INTU | INTUIT INC | 32.09 | 180.91B | ||
| ADBE | ADOBE INC | 16.14 | 136.86B | ||
| SNPS | SYNOPSYS INC | 29.16 | 73.08B | ||
| MSTR | STRATEGY INC | 5.47 | 69.46B | ||
| DDOG | DATADOG INC - CLASS A | 97.57 | 66.69B | ||
| ADSK | AUTODESK INC | 31.72 | 63.30B | ||
| WDAY | WORKDAY INC-CLASS A | 27.29 | 60.12B | ||
| ROP | ROPER TECHNOLOGIES INC | 22.81 | 48.11B | ||
| FICO | FAIR ISAAC CORP | 58.17 | 41.76B |
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About CDNS
Company Profile
Cadence Design Systems, Inc. engages in the provision of design and development of integrated circuits and electronic devices. The company is headquartered in San Jose, California and currently employs 13,152 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 product categories include Core Electronic Design Automation (EDA), Semiconductor IP, and System Design and Analysis (SD&A). Core EDA includes software, hardware, and services used to design and verify a wide variety of semiconductors. The semiconductor IP portfolio includes silicon subsystems, software, and services that are used in semiconductor design. The SD&A category includes the software and services used to design and verify a wide variety of physical electronic systems. Its semiconductors are used in various industries, including automotive, aerospace, biotech, hyperscale and cloud computing, data centers, telecommunications, medical technology, industrial Internet of things (IIoT), and artificial intelligence (AI).
Company Info
CADENCE DESIGN SYS INC
2655 Seely Avenue Bldg 5
San Jose CALIFORNIA 95134 US
CEO: Lip-Bu Tan
Employees: 13152
Phone: 14089431234
CADENCE DESIGN SYS INC / CDNS FAQ
What does CADENCE DESIGN SYS INC do?
Cadence Design Systems, Inc. engages in the provision of design and development of integrated circuits and electronic devices. The company is headquartered in San Jose, California and currently employs 13,152 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 product categories include Core Electronic Design Automation (EDA), Semiconductor IP, and System Design and Analysis (SD&A). Core EDA includes software, hardware, and services used to design and verify a wide variety of semiconductors. The semiconductor IP portfolio includes silicon subsystems, software, and services that are used in semiconductor design. The SD&A category includes the software and services used to design and verify a wide variety of physical electronic systems. Its semiconductors are used in various industries, including automotive, aerospace, biotech, hyperscale and cloud computing, data centers, telecommunications, medical technology, industrial Internet of things (IIoT), and artificial intelligence (AI).
What is the stock price of CADENCE DESIGN SYS INC today?
The current stock price of CDNS is 325.05 USD. The price increased by 0.18% in the last trading session.
Does CDNS stock pay dividends?
CDNS does not pay a dividend.
What is the ChartMill technical and fundamental rating of CDNS stock?
CDNS has a ChartMill Technical rating of 1 out of 10 and a ChartMill Fundamental rating of 6 out of 10.
How is the valuation of CADENCE DESIGN SYS INC (CDNS) based on its PE ratio?
The PE ratio for CADENCE DESIGN SYS INC (CDNS) is 46.24. This is based on the reported non-GAAP earnings per share of 7.03 and the current share price of 325.05 USD.
What is the market capitalization of CDNS stock?
CADENCE DESIGN SYS INC (CDNS) has a market capitalization of 88.57B USD. This makes CDNS a Large Cap stock.
CDNS Technical Analysis
ChartMill assigns a technical rating of 1 / 10 to CDNS. When comparing the yearly performance of all stocks, CDNS turns out to be only a medium performer in the overall market: it outperformed 43.4% of all stocks.
CDNS Fundamental Analysis
ChartMill assigns a fundamental rating of 6 / 10 to CDNS. CDNS has an excellent profitability rating, 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 7.03. The EPS increased by 28.52% compared to the year before.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | 20.35% | ||
| ROA | 11.05% | ||
| ROE | 20.41% | ||
| Debt/Equity | 0.48 |
CDNS Forecast & Estimates
30 analysts have analysed CDNS and the average price target is 383.1 USD. This implies a price increase of 17.86% is expected in the next year compared to the current price of 325.05.
For the next year, analysts expect an EPS growth of 20.18% and a revenue growth 13.92% for CDNS