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CDNS

Cadence Design Systems NasdaqGS:CDNS Stock Report

Last Price

US$230.66

Market Cap

US$62.7b

7D

-2.6%

1Y

42.0%

Updated

25 Sep, 2023

Data

Company Financials +

Cadence Design Systems, Inc.

NasdaqGS:CDNS Stock Report

Mkt Cap: US$62.7b

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 Growth2/6
Past Performance4/6
Financial Health6/6
Dividends0/6

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$230.66
52 Week HighUS$248.16
52 Week LowUS$138.76
Beta1.03
1 Month Change-0.80%
3 Month Change0.81%
1 Year Change42.05%
3 Year Change119.15%
5 Year Change411.90%
Change since IPO5,089.85%

Recent News & Updates

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

Recent updates

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

Calculating The Intrinsic Value Of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Sep 04
Calculating The Intrinsic Value Of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Cadence Design Systems: Bullish On The Chip Design Industry; Buy Now

Aug 02

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

Aug 01
Cadence Design Systems (NASDAQ:CDNS) Ticks All The Boxes When It Comes To Earnings Growth

Cadence Design Systems Q2 2022 Earnings Preview

Jul 22

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

Jul 21
Is Now An Opportune Moment To Examine Cadence Design Systems, Inc. (NASDAQ:CDNS)?

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

Cadence Design Systems: A Long-Term Revenue Growth Play

Jun 30

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

Jun 28
Does Cadence Design Systems (NASDAQ:CDNS) Have A Healthy Balance Sheet?

Shareholder Returns

CDNSUS SoftwareUS Market
7D-2.6%-3.7%-3.1%
1Y42.0%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 Movement3.5%
Software Industry Average Movement6.9%
Market Average Movement5.5%
10% most volatile stocks in US Market14.2%
10% least volatile stocks in US Market2.5%

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

FoundedEmployeesCEOWebsite
198710,200Anirudh 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$62.69b
Earnings (TTM)US$889.62m
Revenue (TTM)US$3.80b

70.5x

P/E Ratio

16.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CDNS income statement (TTM)
RevenueUS$3.80b
Cost of RevenueUS$402.45m
Gross ProfitUS$3.40b
Other ExpensesUS$2.51b
EarningsUS$889.62m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)3.27
Gross Margin89.41%
Net Profit Margin23.41%
Debt/Equity Ratio22.3%

How did CDNS perform over the long term?

See historical performance and comparison