CDNS Stock Overview
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide.
Snowflake Score | |
---|---|
Valuation | 0/6 |
Future Growth | 4/6 |
Past Performance | 6/6 |
Financial Health | 6/6 |
Dividends | 0/6 |
Rewards
Risk Analysis
CDNS passed our risk checks.
Narratives
BetaNarratives bring a range of perspectives from our community.
Warren
Based on Analyst Price Targets
Price at publication US$300.93
Updated
Cadence Design Systems, Inc. Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$293.71 |
52 Week High | US$327.36 |
52 Week Low | US$194.01 |
Beta | 1.03 |
1 Month Change | -2.40% |
3 Month Change | 5.27% |
1 Year Change | 37.46% |
3 Year Change | 107.57% |
5 Year Change | 334.16% |
Change since IPO | 6,508.48% |
Recent News & Updates
Cadence Design Systems: AI R&D Upside Risk
Apr 17Under The Bonnet, Cadence Design Systems' (NASDAQ:CDNS) Returns Look Impressive
Mar 25Cadence Design Systems Is Locked In A Two-Headed Horse Race That Needs A Break
Mar 24Recent updates
Cadence Design Systems: AI R&D Upside Risk
Apr 17Under The Bonnet, Cadence Design Systems' (NASDAQ:CDNS) Returns Look Impressive
Mar 25Cadence Design Systems Is Locked In A Two-Headed Horse Race That Needs A Break
Mar 24Does Cadence Design Systems (NASDAQ:CDNS) Deserve A Spot On Your Watchlist?
Mar 12Cadence Design Systems: Impressive By Design
Mar 08Cadence Design Systems, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Feb 16Why Cadence Design Systems, Inc. (NASDAQ:CDNS) Could Be Worth Watching
Feb 13These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Jan 19Cadence Design Systems: Boosted Confidence In Resilience To Macro Headwinds
Jan 10With Cadence Design Systems, Inc. (NASDAQ:CDNS) It Looks Like You'll Get What You Pay For
Jan 07Charting the Course: Unlocking Potential in Tech
Dec 15Charting the Course: Unlocking Potential in Tech
Dec 15The Trend Of High Returns At Cadence Design Systems (NASDAQ:CDNS) Has Us Very Interested
Nov 29Is Cadence Design Systems, Inc. (NASDAQ:CDNS) Expensive For A Reason? A Look At Its Intrinsic Value
Nov 16These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Oct 10When Should You Buy Cadence Design Systems, Inc. (NASDAQ:CDNS)?
Sep 13Investors Should Be Encouraged By Cadence Design Systems' (NASDAQ:CDNS) Returns On Capital
Aug 30Are Cadence Design Systems, Inc. (NASDAQ:CDNS) Investors Paying Above The Intrinsic Value?
Aug 16These 4 Measures Indicate That Cadence Design Systems (NASDAQ:CDNS) Is Using Debt Safely
Jul 11What Is Cadence Design Systems, Inc.'s (NASDAQ:CDNS) Share Price Doing?
May 19Returns on Capital Paint A Bright Future For Cadence Design Systems (NASDAQ:CDNS)
May 03Does Cadence Design Systems (NASDAQ:CDNS) Have A Healthy Balance Sheet?
Apr 05Is It Time To Consider Buying Cadence Design Systems, Inc. (NASDAQ:CDNS)?
Feb 12We Think Cadence Design Systems (NASDAQ:CDNS) Might Have The DNA Of A Multi-Bagger
Jan 29Does This Valuation Of Cadence Design Systems, Inc. (NASDAQ:CDNS) Imply Investors Are Overpaying?
Jan 15Is Cadence Design Systems (NASDAQ:CDNS) A Risky Investment?
Jan 03At US$142, Is Cadence Design Systems, Inc. (NASDAQ:CDNS) Worth Looking At Closely?
Nov 07Shareholder Returns
CDNS | US Software | US Market | |
---|---|---|---|
7D | -3.6% | -4.5% | -3.7% |
1Y | 37.5% | 39.4% | 20.5% |
Return vs Industry: CDNS underperformed the US Software industry which returned 39.4% over the past year.
Return vs Market: CDNS exceeded the US Market which returned 20.5% over the past year.
Price Volatility
CDNS volatility | |
---|---|
CDNS Average Weekly Movement | 4.1% |
Software Industry Average Movement | 8.2% |
Market Average Movement | 6.0% |
10% most volatile stocks in US Market | 16.4% |
10% least volatile stocks in US Market | 3.0% |
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
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
CDNS fundamental statistics | |
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Market cap | US$82.00b |
Earnings (TTM) | US$1.04b |
Revenue (TTM) | US$4.09b |
76.9x
P/E Ratio19.6x
P/S RatioIs CDNS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
CDNS income statement (TTM) | |
---|---|
Revenue | US$4.09b |
Cost of Revenue | US$435.04m |
Gross Profit | US$3.65b |
Other Expenses | US$2.61b |
Earnings | US$1.04b |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
Apr 22, 2024
Earnings per share (EPS) | 3.82 |
Gross Margin | 89.36% |
Net Profit Margin | 25.46% |
Debt/Equity Ratio | 19.1% |
How did CDNS perform over the long term?
See historical performance and comparison