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Cadence Design Systems NasdaqGS:CDNS Stock Report

Last Price

US$311.87

Market Cap

US$84.1b

7D

7.6%

1Y

15.2%

Updated

22 Nov, 2024

Data

Company Financials +

Cadence Design Systems, Inc.

NasdaqGS:CDNS Stock Report

Market Cap: US$84.1b

CDNS Stock Overview

Provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. More details

CDNS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance4/6
Financial Health5/6
Dividends0/6

Rewards

Earnings are forecast to grow 16.4% per year

Earnings have grown 5.9% per year over the past 5 years

Risk Analysis

No risks detected for CDNS from our risk checks.

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WA
WarrenAI
Based on Analyst Price Targets

AI Innovation And Tactical Partnerships Propel Growth Amid Competitive Market Dynamics

Key Takeaways Expansion of partnerships and AI solutions are poised to increase market reach and enhance net margins through improved design productivity. Growth in cloud platforms and hyperscaler demand indicate strong potential for recurring revenue and earnings increases.
View narrative
US$310.12
FV
0.6% overvalued intrinsic discount
13.94%
Revenue growth p.a.
0users have liked this narrative
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5users have followed this narrative
3 days ago author updated this narrative

Cadence Design Systems, Inc. Competitors

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Workday

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Autodesk

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Price History & Performance

Summary of all time highs, changes and price drops for Cadence Design Systems
Historical stock prices
Current Share PriceUS$311.87
52 Week HighUS$328.99
52 Week LowUS$241.29
Beta1.02
11 Month Change25.20%
3 Month Change13.86%
1 Year Change15.25%
33 Year Change74.85%
5 Year Change343.94%
Change since IPO6,917.08%

Recent News & Updates

If EPS Growth Is Important To You, Cadence Design Systems (NASDAQ:CDNS) Presents An Opportunity

Nov 11
If EPS Growth Is Important To You, Cadence Design Systems (NASDAQ:CDNS) Presents An Opportunity

Cadence Design Systems: Initiating With A Buy On AI Strides

Oct 31

Recent updates

If EPS Growth Is Important To You, Cadence Design Systems (NASDAQ:CDNS) Presents An Opportunity

Nov 11
If EPS Growth Is Important To You, Cadence Design Systems (NASDAQ:CDNS) Presents An Opportunity

Cadence Design Systems: Initiating With A Buy On AI Strides

Oct 31

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

Oct 25
Estimating The Intrinsic Value Of Cadence Design Systems, Inc. (NASDAQ:CDNS)

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

Oct 13
Is Now An Opportune Moment To Examine Cadence Design Systems, Inc. (NASDAQ:CDNS)?

The Market Has High Expectations, But Cadence May Be Able To Exceed Them

Oct 03

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

Oct 01
Cadence Design Systems (NASDAQ:CDNS) Could Easily Take On More Debt

A Look Into Cadence Design Systems' (NASDAQ:CDNS) Impressive Returns On Capital

Sep 01
A Look Into Cadence Design Systems' (NASDAQ:CDNS) Impressive Returns On Capital

Cadence Design Systems' (NASDAQ:CDNS) Promising Earnings May Rest On Soft Foundations

Jul 31
Cadence Design Systems' (NASDAQ:CDNS) Promising Earnings May Rest On Soft Foundations

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

Jul 24
Cadence Design Systems, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Cadence Design Systems: Accelerated Verification And Performance Should Support AI

Jul 23

Should You Think About Buying Cadence Design Systems, Inc. (NASDAQ:CDNS) Now?

Jul 04
Should You Think About Buying Cadence Design Systems, Inc. (NASDAQ:CDNS) Now?

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

Jun 23
Does Cadence Design Systems (NASDAQ:CDNS) Have A Healthy Balance Sheet?

Cadence Design Systems: Widening TAM But Less Room For Valuation Expansion

Jun 12

Cadence Design Systems: A Lot To Like, But Not At This Price

May 08

A Look At The Fair Value Of Cadence Design Systems, Inc. (NASDAQ:CDNS)

May 05
A Look At The Fair Value Of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Cadence Design Systems: Patiently Waiting For A Better Price

Apr 29

Investors Still Waiting For A Pull Back In Cadence Design Systems, Inc. (NASDAQ:CDNS)

Apr 20
Investors Still Waiting For A Pull Back In Cadence Design Systems, Inc. (NASDAQ:CDNS)

Cadence Design Systems: AI R&D Upside Risk

Apr 17

Under The Bonnet, Cadence Design Systems' (NASDAQ:CDNS) Returns Look Impressive

Mar 25
Under The Bonnet, Cadence Design Systems' (NASDAQ:CDNS) Returns Look Impressive

Cadence Design Systems Is Locked In A Two-Headed Horse Race That Needs A Break

Mar 24

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

Shareholder Returns

CDNSUS SoftwareUS Market
7D7.6%2.8%2.2%
1Y15.2%25.5%31.7%

Return vs Industry: CDNS underperformed the US Software industry which returned 25.5% over the past year.

Return vs Market: CDNS underperformed the US Market which returned 31.7% over the past year.

Price Volatility

Is CDNS's price volatile compared to industry and market?
CDNS volatility
CDNS Average Weekly Movement5.7%
Software Industry Average Movement7.5%
Market Average Movement6.3%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market3.1%

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

Volatility Over Time: CDNS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198711,200Anirudh Devganwww.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$84.06b
Earnings (TTM)US$1.04b
Revenue (TTM)US$4.35b

82.3x

P/E Ratio

19.6x

P/S Ratio

Is CDNS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDNS income statement (TTM)
RevenueUS$4.35b
Cost of RevenueUS$531.64m
Gross ProfitUS$3.82b
Other ExpensesUS$2.78b
EarningsUS$1.04b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.79
Gross Margin87.79%
Net Profit Margin23.87%
Debt/Equity Ratio61.9%

How did CDNS perform over the long term?

See historical performance and comparison