Cadence Design Systems (DB:CDS) - Stock Price, News & Analysis

CDS Stock Overview

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide.

About the company

CDS fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	6/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 8.2% below our estimate of its fair value

Earnings are forecast to grow 17.02% per year

Earnings grew by 22.4% over the past year

Risk Analysis

CDS passed our risk checks.

Cadence Design Systems, Inc. Competitors

SAP

XTRA:SAP

€203.7b

Nemetschek

XTRA:NEM

€9.6b

TeamViewer

XTRA:TMV

€2.0b

ATOSS Software

XTRA:AOF

€1.9b

Price History & Performance

Summary of all time highs, changes and price drops for Cadence Design Systems
Historical stock prices
Current Share Price	US$259.45
52 Week High	US$302.00
52 Week Low	US$182.80
Beta	1.03
1 Month Change	-11.39%
3 Month Change	-4.05%
1 Year Change	40.39%
3 Year Change	137.11%
5 Year Change	327.08%
Change since IPO	788.28%

Recent updates

Shareholder Returns

	CDS	DE Software	DE Market
7D	-6.1%	2.1%	1.8%
1Y	40.4%	39.8%	2.2%

Return vs Industry: CDS matched the German Software industry which returned 39.8% over the past year.

Return vs Market: CDS exceeded the German Market which returned 2.2% over the past year.

Price Volatility

Is CDS's price volatile compared to industry and market?
CDS volatility
CDS Average Weekly Movement	4.5%
Software Industry Average Movement	5.4%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.1%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: CDS has not had significant price volatility in the past 3 months.

Volatility Over Time: CDS's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	11,200	Anirudh Devgan	www.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.

Cadence Design Systems, Inc. Fundamentals Summary

How do Cadence Design Systems's earnings and revenue compare to its market cap?
CDS fundamental statistics
Market cap	€71.77b
Earnings (TTM)	€978.30m
Revenue (TTM)	€3.81b

72.3x

P/E Ratio

18.6x

P/S Ratio

Is CDS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDS income statement (TTM)
Revenue	US$4.08b
Cost of Revenue	US$435.77m
Gross Profit	US$3.64b
Other Expenses	US$2.59b
Earnings	US$1.05b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	3.84
Gross Margin	89.31%
Net Profit Margin	25.68%
Debt/Equity Ratio	18.2%

How did CDS perform over the long term?

See historical performance and comparison

CDS Stock Overview

Rewards

Risk Analysis

Cadence Design Systems, Inc. Competitors

XTRA:SAP

€203.7b

XTRA:NEM

€9.6b

XTRA:TMV

€2.0b

XTRA:AOF

€1.9b

Price History & Performance

Recent News & Updates

First quarter 2024 earnings released: EPS: US$0.92 (vs US$0.90 in 1Q 2023)

Cadence Design Systems, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Cadence Design Systems, Inc., Annual General Meeting, May 02, 2024

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.

Full year 2023 earnings released: EPS: US$3.87 (vs US$3.13 in FY 2022)

Recent updates

First quarter 2024 earnings released: EPS: US$0.92 (vs US$0.90 in 1Q 2023)

Cadence Design Systems, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Cadence Design Systems, Inc., Annual General Meeting, May 02, 2024

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.

Full year 2023 earnings released: EPS: US$3.87 (vs US$3.13 in FY 2022)

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024

Now 22% overvalued after recent price rise

John B. Shoven to Retire from the Board of Cadence Design Systems, Inc

Cadence Design Systems, Inc. Announces the Cadence Millennium Enterprise Multiphysics Platform

Cadence Design Systems, Inc. Significantly Advances ECAD/MCAD Convergence for Electronic Systems with New Celsius Studio AI Thermal Platform

Cadence Design Systems, Inc. (NasdaqGS:CDNS) acquired INVECAS Inc.

Cadence Design Systems, Inc. Announces Voltus InsightAI, Industry’s First Generative AI Technology that Automatically Identifies and Addresses EM-IR Violations

Cadence Design Systems, Inc. Expands Tensilica Ip Portfolio with New Hifi and Vision Dsps for Pervasive Intelligence and Edge Ai Inference

Third quarter 2023 earnings released: EPS: US$0.94 (vs US$0.69 in 3Q 2022)

Cadence Design Systems, Inc. Expands Support for 3Dblox 2.0 Standard with New System Prototyping Flows

Cadence Design Systems, Inc. Announces the Expansion of its Node-to-Node Design Migration Flow Based on the Cadence Virtuoso Studio

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreement to acquire Intrinsix Corp. from CEVA, Inc. (NasdaqGS:CEVA) for $31.3 million.

Cadence Design Systems, Inc. Accelerates On-Device and Edge AI Performance and Efficiency with New Neo NPU IP and NeuroWeave SDK for Silicon Design

Cadence Design Systems, Inc. Unveils Next-Generation Ai-Driven Orcad X Delivering Up to 5X Faster Pcb Design and Enabled with Cadence Oncloud

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Rambus SerDes and memory interface PHY IP business from Rambus Inc. (NasdaqGS:RMBS).

Independent Director recently sold €1.9m worth of stock

Cadence Design Systems, Inc. Advances Pervasive Intelligence at the Edge with Next-Generation Extensible Tensilica Processor Platform

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Half and Full Year of Fiscal Year Ending December 31, 2023

Second quarter 2023 earnings released: EPS: US$0.82 (vs US$0.69 in 2Q 2022)

Cadence Design Systems, Inc. Unveils Joules RTL Design Studio, Delivering Breakthrough Gains in RTL Productivity and Quality of Results

Cadence Design Systems, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Cadence Design Systems, Inc. Announces AI-Based Virtuoso Studio Certified for Samsung Foundry PDKs for Mature and Advanced Nodes

Cadence Design Systems, Inc. (NasdaqGS:CDNS) announces an Equity Buyback for $200 million worth of its shares.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) acquired Pulsic Limited.

First quarter 2023 earnings released: EPS: US$0.90 (vs US$0.86 in 1Q 2022)

Independent Director recently sold €1.8m worth of stock

Cadence Design Systems, Inc. Delivers 13 New VIP and Expands System VIP Portfolio to Accelerate Automotive, Hyperscale Data Center and Mobile SoC Verification

Full year 2022 earnings released: EPS: US$3.13 (vs US$2.55 in FY 2021)

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2023

Cadence Quantus FS Solution Achieves Certification for Samsung Foundry’s SF4, SF3E and SF3 Process Technologies

Tachyum Announces Amicable Settlement with Cadence Design Systems, Inc

Independent Director recently sold €1.3m worth of stock

High number of new directors

Cadence Design Systems, Inc. Introduces Industry’s Leading-Performance, Silicon-Proven 22Gbps GDDR6 IP at TSMC N5

Cadence Design Systems, Inc. Accelerates RF Design with Delivery of New TSMC N16 mmWave Reference Flow

Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.65 in 3Q 2021)

Cadence Design Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2022

Cadence Design Systems, Inc. Announces the New Cadence Certus Closure Solution

Cadence Design Systems, Inc. Announced the Cadence Verisium Artificial Intelligence (A-Driven Verification Platform

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of OpenEye Scientific Software, Inc.

Press Release: Cadence Accelerates Hyperscale Soc Design with Industry's First Verification IP and System VIP for Cxl 3.0

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreements to acquire OpenEye Scientific Software, Inc. for approximately $500 million.

Second quarter 2022 earnings released: EPS: US$0.69 (vs US$0.57 in 2Q 2021)

Cadence Design Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Future Facilities Limited.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into an agreement to acquire Future Facilities Limited.

Cadence Design Systems, Inc. Introduces the Voltus-XFi Custom Power Integrity Solution, Delivering over 3X Productivity Gains

Now 20% undervalued after recent price drop

Cadence Design Systems, Inc. Expands Tensilica® ConnX Family of Radar, Lidar and Communications

Cadence Design Systems, Inc. Announces Xcelium Apps, a Portfolio of Domain-Specific Technologies

Cadence Achieves PCIe 5.0 Specification Compliance for PHY and Controller IP in TSMC Advanced Technologies

Cadence Design Systems, Inc.'s RFIC Solutions Support TSMC N6RF Design Reference Flow

Cadence Design Systems, Inc. Announces Wide Range of Leading Semiconductor and System Customers Successfully Adopted Comprehensive Line-up of Cadence Design IP in TSMC’s 5nm Process Technology