Cadence Design Systems Inc (CDNS)

NASDAQ
Currency in USD
264.42
+5.92(+2.29%)
Real-time Data
CDNS Scorecard
Full Analysis
Impressive gross profit margins
Fair Value
Day's Range
252.36264.82
52 wk Range
230.09328.99
Key Statistics
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Prev. Close
258.5
Open
254.91
Day's Range
252.36-264.82
52 wk Range
230.09-328.99
Volume
1.54M
Average Volume (3m)
1.97M
1-Year Change
-18.42%
Book Value / Share
17.04
Fair Value
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Fair Value Upside
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CDNS Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
317.85
Upside
+20.21%
Members' Sentiments
Bearish
Bullish
ProTips
11 analysts have revised their earnings downwards for the upcoming period
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Cadence Design Systems Inc Company Profile

Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. It 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 performing sign-off checks for manufacturing; and Innovus implementation system, a digital IC design and signoff solution. In addition, the company offers custom IC design and simulation, such as Virtuoso Studio, a solution platform for custom, analog, mixed-signal, photonics, and RF semiconductors; and system design and analysis products, a Multiphysics platform that helps in design and simulate electronics and entire systems in electromagnetic, thermal, structure, computational fluid dynamics, molecular, PCB and packaging, mechanical, and structural analysis. Further, it provides semiconductor IP product for design architectures; Functional Verification; digital ic design and signoff; EDA product that addresses the design and verification for semiconductor chips and manufacturing process technologies; 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. It 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.

Employees
12700

Cadence Design Systems Inc SWOT Analysis


Financial Prowess
Cadence Design Systems showcases robust financial performance with revenue beats and high gross profit margins, signaling strong operational efficiency
Hardware Horizon
Explore the anticipated multi-year hardware refresh cycle in semiconductors, positioning Cadence for sustained growth and market expansion
IP Innovation Edge
Delve into Cadence's intellectual property portfolio, a key strength driving future growth in complex semiconductor designs and emerging technologies
Market Momentum
Analyst targets range up to $355, with Cadence identified as a top early idea for 2025, despite a recent $400 million backlog contraction
Read full SWOT analysis

Cadence Design Systems Inc Earnings Call Summary for Q3/2024

  • Q3 revenue up 19% YoY to $1.215B; full-year EPS outlook raised on AI-driven growth
  • Cadence.AI sales tripled YoY; system design revenue up 40%+; IP business grew 50%+ YoY
  • Q4 revenue forecast $1.325B-$1.365B; 2024 revenue updated to $4.61B-$4.65B
  • GAAP EPS projected $3.70-$3.76 for 2024; 50% of annual free cash flow for share buybacks
  • Strong AI engagement; optimism in aerospace/auto sectors; China revenue decline noted
Last Updated: 2024/10/29, 14:54
Read Full Transcript

Compare CDNS to Peers and Sector

Metrics to compare
CDNS
Peers
Sector
Relationship
P/E Ratio
68.4x−21.5x11.7x
PEG Ratio
85.52−0.950.01
Price/Book
15.5x4.1x2.4x
Price / LTM Sales
15.6x7.5x2.1x
Upside (Analyst Target)
28.3%30.1%27.3%
Fair Value Upside
Unlock10.1%6.1%Unlock

Analyst Ratings

19 Buy
2 Hold
1 Sell
Ratings:
22 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 317.85
(+20.21% Upside)

Earnings

Latest Release
Feb 18, 2025
EPS / Forecast
1.88 / 1.82
Revenue / Forecast
1.36B / 1.35B
EPS Revisions
Last 90 days

FAQ

What Is the Cadence Design (CDNS) Stock Price Today?

The Cadence Design stock price today is 264.42

What Stock Exchange Does Cadence Design Trade On?

Cadence Design is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Cadence Design?

The stock symbol for Cadence Design is "CDNS."

What Is the Cadence Design Market Cap?

As of today, Cadence Design market cap is 72.42B.

What is Cadence Design Earnings Per Share?

The Cadence Design EPS is 3.89.

What Is the Next Cadence Design Earnings Date?

Cadence Design will release its next earnings report on 27 Apr 2025.

From a Technical Analysis Perspective, Is CDNS a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Buy.
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