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Cadence Design Systems NasdaqGS:CDNS Stock Report

Last Price

US$300.93

Market Cap

US$82.0b

7D

-1.6%

1Y

45.3%

Updated

18 Mar, 2024

Data

Company Financials +

Cadence Design Systems, Inc.

NasdaqGS:CDNS Stock Report

Market Cap: US$82.0b

CDNS Stock Overview

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

CDNS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends0/6

Rewards

Risk Analysis

No risks detected for CDNS from our risk checks.

Cadence Design Systems, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cadence Design Systems
Historical stock prices
Current Share PriceUS$300.93
52 Week HighUS$320.78
52 Week LowUS$194.01
Beta1.04
1 Month Change3.66%
3 Month Change9.70%
1 Year Change45.33%
3 Year Change135.16%
5 Year Change384.51%
Change since IPO6,670.93%

Recent News & Updates

Does Cadence Design Systems (NASDAQ:CDNS) Deserve A Spot On Your Watchlist?

Mar 12
Does Cadence Design Systems (NASDAQ:CDNS) Deserve A Spot On Your Watchlist?

Cadence Design Systems: Impressive By Design

Mar 08

Cadence Design Systems, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Feb 16
Cadence Design Systems, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Recent updates

Does Cadence Design Systems (NASDAQ:CDNS) Deserve A Spot On Your Watchlist?

Mar 12
Does Cadence Design Systems (NASDAQ:CDNS) Deserve A Spot On Your Watchlist?

Cadence Design Systems: Impressive By Design

Mar 08

Cadence Design Systems, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Feb 16
Cadence Design Systems, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Why Cadence Design Systems, Inc. (NASDAQ:CDNS) Could Be Worth Watching

Feb 13
Why Cadence Design Systems, Inc. (NASDAQ:CDNS) Could Be Worth Watching

These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely

Jan 19
These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely

Cadence Design Systems: Boosted Confidence In Resilience To Macro Headwinds

Jan 10

With Cadence Design Systems, Inc. (NASDAQ:CDNS) It Looks Like You'll Get What You Pay For

Jan 07
With Cadence Design Systems, Inc. (NASDAQ:CDNS) It Looks Like You'll Get What You Pay For

Charting the Course: Unlocking Potential in Tech

Dec 15
Charting the Course: Unlocking Potential in Tech

Charting the Course: Unlocking Potential in Tech

Dec 15
Charting the Course: Unlocking Potential in Tech

The Trend Of High Returns At Cadence Design Systems (NASDAQ:CDNS) Has Us Very Interested

Nov 29
The Trend Of High Returns At Cadence Design Systems (NASDAQ:CDNS) Has Us Very Interested

Is Cadence Design Systems, Inc. (NASDAQ:CDNS) Expensive For A Reason? A Look At Its Intrinsic Value

Nov 16
Is Cadence Design Systems, Inc. (NASDAQ:CDNS) Expensive For A Reason? A Look At Its Intrinsic Value

These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely

Oct 10
These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely

When Should You Buy Cadence Design Systems, Inc. (NASDAQ:CDNS)?

Sep 13
When Should You Buy Cadence Design Systems, Inc. (NASDAQ:CDNS)?

Investors Should Be Encouraged By Cadence Design Systems' (NASDAQ:CDNS) Returns On Capital

Aug 30
Investors Should Be Encouraged By Cadence Design Systems' (NASDAQ:CDNS) Returns On Capital

Are Cadence Design Systems, Inc. (NASDAQ:CDNS) Investors Paying Above The Intrinsic Value?

Aug 16
Are Cadence Design Systems, Inc. (NASDAQ:CDNS) Investors Paying Above The Intrinsic Value?

These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely

Jul 11
These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely

What Is Cadence Design Systems, Inc.'s (NASDAQ:CDNS) Share Price Doing?

May 19
What Is Cadence Design Systems, Inc.'s (NASDAQ:CDNS) Share Price Doing?

Returns on Capital Paint A Bright Future For Cadence Design Systems (NASDAQ:CDNS)

May 03
Returns on Capital Paint A Bright Future For Cadence Design Systems (NASDAQ:CDNS)

Does Cadence Design Systems (NASDAQ:CDNS) Have A Healthy Balance Sheet?

Apr 05
Does Cadence Design Systems (NASDAQ:CDNS) Have A Healthy Balance Sheet?

Is It Time To Consider Buying Cadence Design Systems, Inc. (NASDAQ:CDNS)?

Feb 12
Is It Time To Consider Buying Cadence Design Systems, Inc. (NASDAQ:CDNS)?

We Think Cadence Design Systems (NASDAQ:CDNS) Might Have The DNA Of A Multi-Bagger

Jan 29
We Think Cadence Design Systems (NASDAQ:CDNS) Might Have The DNA Of A Multi-Bagger

Does This Valuation Of Cadence Design Systems, Inc. (NASDAQ:CDNS) Imply Investors Are Overpaying?

Jan 15
Does This Valuation Of Cadence Design Systems, Inc. (NASDAQ:CDNS) Imply Investors Are Overpaying?

Is Cadence Design Systems (NASDAQ:CDNS) A Risky Investment?

Jan 03
Is Cadence Design Systems (NASDAQ:CDNS) A Risky Investment?

At US$142, Is Cadence Design Systems, Inc. (NASDAQ:CDNS) Worth Looking At Closely?

Nov 07
At US$142, Is Cadence Design Systems, Inc. (NASDAQ:CDNS) Worth Looking At Closely?

Cadence Design Systems (NASDAQ:CDNS) Is Very Good At Capital Allocation

Oct 19
Cadence Design Systems (NASDAQ:CDNS) Is Very Good At Capital Allocation

Cadence Design expands partnership with Samsung Foundry on 3D-IC design

Oct 18

Cadence collaborates with Google cloud

Oct 11

Cadence Design Systems (NASDAQ:CDNS) Could Easily Take On More Debt

Sep 27
Cadence Design Systems (NASDAQ:CDNS) Could Easily Take On More Debt

Cadence Design: Too Strong

Sep 21

Shareholder Returns

CDNSUS SoftwareUS Market
7D-1.6%0.9%0.5%
1Y45.3%50.8%29.0%

Return vs Industry: CDNS underperformed the US Software industry which returned 49.8% over the past year.

Return vs Market: CDNS exceeded the US Market which returned 28.4% over the past year.

Price Volatility

Is CDNS's price volatile compared to industry and market?
CDNS volatility
CDNS Average Weekly Movement4.2%
Software Industry Average Movement7.9%
Market Average Movement6.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

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

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

About the Company

FoundedEmployeesCEOWebsite
198711,200Anirudh Devganhttps://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?
CDNS fundamental statistics
Market capUS$82.03b
Earnings (TTM)US$1.04b
Revenue (TTM)US$4.09b

78.8x

P/E Ratio

20.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDNS income statement (TTM)
RevenueUS$4.09b
Cost of RevenueUS$435.04m
Gross ProfitUS$3.65b
Other ExpensesUS$2.61b
EarningsUS$1.04b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)3.82
Gross Margin89.36%
Net Profit Margin25.46%
Debt/Equity Ratio19.1%

How did CDNS perform over the long term?

See historical performance and comparison
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