Cadence Design Systems (Nasdaq:CDNS) - Stock Price, News & Analysis

CDNS Stock Overview

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

CDNS fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Earnings are forecast to grow 15.03% per year

Earnings grew by 14.9% over the past year

Risk Analysis

Significant insider selling over the past 3 months

Cadence Design Systems, Inc. Competitors

Synopsys

NasdaqGS:SNPS

US$68.0b

Roper Technologies

NasdaqGS:ROP

US$52.8b

Autodesk

NasdaqGS:ADSK

US$43.6b

ANSYS

NasdaqGS:ANSS

US$26.3b

Price History & Performance

Summary of all time highs, changes and price drops for Cadence Design Systems
Historical stock prices
Current Share Price	US$230.66
52 Week High	US$248.16
52 Week Low	US$138.76
Beta	1.03
1 Month Change	-0.80%
3 Month Change	0.81%
1 Year Change	42.05%
3 Year Change	119.15%
5 Year Change	411.90%
Change since IPO	5,089.85%

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

Sep 13

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

Aug 30

Recent updates

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

Sep 13

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

Aug 30

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

Aug 16

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

Jul 11

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

May 19

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

May 03

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

Apr 05

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

Feb 12

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

Jan 29

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

Jan 15

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

Jan 03

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

Nov 07

Cadence Design Systems (NASDAQ:CDNS) Ticks All The Boxes When It Comes To Earnings Growth

Aug 01

Cadence Design Systems Q2 2022 Earnings Preview

Jul 22

Is Now An Opportune Moment To Examine Cadence Design Systems, Inc. (NASDAQ:CDNS)?

Jul 21

Cadence Design Systems agrees to acquire Future Facilities

Jul 11

Shareholders Would Enjoy A Repeat Of Cadence Design Systems' (NASDAQ:CDNS) Recent Growth In Returns

Jul 10

Cadence Design Systems: A Long-Term Revenue Growth Play

Jun 30

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

Jun 28

Shareholder Returns

	CDNS	US Software	US Market
7D	-2.6%	-3.7%	-3.1%
1Y	42.0%	30.1%	15.1%

Return vs Industry: CDNS exceeded the US Software industry which returned 30.1% over the past year.

Return vs Market: CDNS exceeded the US Market which returned 15.1% over the past year.

Price Volatility

Is CDNS's price volatile compared to industry and market?
CDNS volatility
CDNS Average Weekly Movement	3.5%
Software Industry Average Movement	6.9%
Market Average Movement	5.5%
10% most volatile stocks in US Market	14.2%
10% least volatile stocks in US Market	2.5%

Stable Share Price: CDNS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CDNS's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	10,200	Anirudh Devgan	https://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 Cap	US$62.69b
Earnings (TTM)	US$889.62m
Revenue (TTM)	US$3.80b

70.5x

P/E Ratio

16.5x

P/S Ratio

Is CDNS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CDNS income statement (TTM)
Revenue	US$3.80b
Cost of Revenue	US$402.45m
Gross Profit	US$3.40b
Other Expenses	US$2.51b
Earnings	US$889.62m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	3.27
Gross Margin	89.41%
Net Profit Margin	23.41%
Debt/Equity Ratio	22.3%

How did CDNS perform over the long term?

See historical performance and comparison

CDNS Stock Overview

Rewards

Risk Analysis

Cadence Design Systems, Inc. Competitors

NasdaqGS:SNPS

US$68.0b

NasdaqGS:ROP

US$52.8b

NasdaqGS:ADSK

US$43.6b

NasdaqGS:ANSS

US$26.3b

Price History & Performance

Recent News & Updates

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

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

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

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

Recent updates

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

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

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

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?

Senior VP & CFO notifies of intention to sell stock

Independent Director recently sold US$2.0m worth of stock

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

Independent Director recently sold US$1.1m worth of stock

Price target increased by 7.6% to US$256

Independent Director notifies of intention to sell stock

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

Price target increased by 8.4% to US$252

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

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

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.

Insider notifies of intention to sell stock

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)

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Executive Chair of the Board exercised options and sold US$7.8m worth of stock

Senior VP & CFO notifies of intention to sell stock

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

Senior VP & CFO notifies of intention to sell stock

CEO, President & Director notifies of intention to sell stock

Independent Director recently sold US$1.9m worth of stock

Consensus EPS estimates increase by 11%

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

Independent Director exercised options to buy US$2.0m worth of stock.

Full year 2022 earnings: EPS exceeds analyst expectations

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

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

Executive Chair of the Board notifies of intention to sell stock

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

Corporate VP notifies of intention to sell stock

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

Executive Chair of the Board notifies of intention to sell stock

Tachyum Announces Amicable Settlement with Cadence Design Systems, Inc

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

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

Independent Director recently sold US$1.3m worth of stock

Independent Director exercised options and sold US$1.5m worth of stock

Executive Chair of the Board notifies of intention to sell stock

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

High number of new directors

Investor sentiment improved over the past week

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

Executive Chair of the Board notifies of intention to sell stock

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

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

Executive Chair of the Board exercised options and sold US$6.8m worth of stock

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

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