CADENCE DESIGN SYS INC (CDNS) Stock Price, Forecast & Analysis
NASDAQ:CDNS • US1273871087
CDNS Key Statistics, Chart & Performance
The current stock price of CDNS is 299.65 USD. In the past month the price decreased by -7.25%. In the past year, price increased by 1.51%.
CDNS Technical Analysis
CDNS Fundamental Analysis
ChartMill assigns a fundamental rating of 6 / 10 to CDNS. While CDNS belongs to the best of the industry regarding profitability, 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
32 analysts have analysed CDNS and the average price target is 388.73 USD. This implies a price increase of 29.73% is expected in the next year compared to the current price of 299.65.
For the next year, analysts expect an EPS growth of 20.58% and a revenue growth 13.96% for CDNS
CDNS Ownership
CDNS Competitors/Peers
| Symbol | Company Name | Technical Rating | Fundamental Rating | FPE | Market Cap |
|---|---|---|---|---|---|
| PLTR | PALANTIR TECHNOLOGIES INC-A | 121.55 | 323.248B | ||
| CRM | SALESFORCE INC | 13.95 | 176.12B | ||
| APP | APPLOVIN CORP-CLASS A | 31.03 | 154.379B | ||
| INTU | INTUIT INC | 14.79 | 111.222B | ||
| ADBE | ADOBE INC | 10.73 | 107.647B | ||
| SNPS | SYNOPSYS INC | 29.89 | 83.51B | ||
| ADSK | AUTODESK INC | 19.63 | 49.309B | ||
| DDOG | DATADOG INC - CLASS A | 52.8 | 44.651B | ||
| MSTR | STRATEGY INC | 3.35 | 40.318B |
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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 13,693 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: 13693
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 13,693 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 current price of CDNS stock?
The current stock price of CDNS is 299.65 USD. The price increased by 0.22% in the last trading session.
What is the dividend status of CADENCE DESIGN SYS INC?
CDNS does not pay a dividend.
How is the ChartMill rating for CADENCE DESIGN SYS INC?
CDNS has a ChartMill Technical rating of 0 out of 10 and a ChartMill Fundamental rating of 6 out of 10.
What is the expected growth for CDNS stock?
The Revenue of CADENCE DESIGN SYS INC (CDNS) is expected to grow by 13.96% in the next year. Check the estimates tab for more information on the EPS, Sales, EBIT and EBITDA future analyst estimates.
How many employees does CADENCE DESIGN SYS INC have?
CADENCE DESIGN SYS INC (CDNS) currently has 13693 employees.
What is the outstanding short interest for CADENCE DESIGN SYS INC?
The outstanding short interest for CADENCE DESIGN SYS INC (CDNS) is 1.62% of its float.