CDNS Stock Overview
Provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide.
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for CDNS from our risk checks.
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WA
Based on Analyst Price Targets
Revolutionizing Technologies And Decisive Partnerships Fuel Future Revenue And Profit Growth
US$319.16
FV
14.4% undervalued intrinsic discount15.37%
Revenue growth p.a.
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16 days agoauthor updated this narrative
Cadence Design Systems, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$273.32 |
| 52 Week High | US$328.99 |
| 52 Week Low | US$227.05 |
| Beta | 1.02 |
| 11 Month Change | -0.21% |
| 3 Month Change | -11.64% |
| 1 Year Change | 19.22% |
| 33 Year Change | 79.26% |
| 5 Year Change | 318.62% |
| Change since IPO | 6,049.70% |
Recent News & Updates
Recent updates
A Look Into Cadence Design Systems' (NASDAQ:CDNS) Impressive Returns On Capital
Sep 01
Cadence Design Systems' (NASDAQ:CDNS) Promising Earnings May Rest On Soft Foundations
Jul 31Cadence Design Systems, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jul 24Cadence Design Systems: Accelerated Verification And Performance Should Support AI
Jul 23Should You Think About Buying Cadence Design Systems, Inc. (NASDAQ:CDNS) Now?
Jul 04Does Cadence Design Systems (NASDAQ:CDNS) Have A Healthy Balance Sheet?
Jun 23Cadence Design Systems: Widening TAM But Less Room For Valuation Expansion
Jun 12Cadence Design Systems: A Lot To Like, But Not At This Price
May 08A Look At The Fair Value Of Cadence Design Systems, Inc. (NASDAQ:CDNS)
May 05Cadence Design Systems: Patiently Waiting For A Better Price
Apr 29Investors Still Waiting For A Pull Back In Cadence Design Systems, Inc. (NASDAQ:CDNS)
Apr 20Cadence 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 15
Charting 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 05Shareholder Returns
| CDNS | US Software | US Market | |
|---|---|---|---|
| 7D | -0.5% | 0.3% | 1.9% |
| 1Y | 19.2% | 35.8% | 32.8% |
Return vs Industry: CDNS underperformed the US Software industry which returned 35.8% over the past year.
Return vs Market: CDNS underperformed the US Market which returned 32.8% over the past year.
Price Volatility
| CDNS volatility | |
|---|---|
| CDNS Average Weekly Movement | 5.7% |
| Software Industry Average Movement | 7.5% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 14.9% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: CDNS has not had significant price volatility in the past 3 months.
Volatility Over Time: CDNS's weekly volatility (6%) 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 | |
|---|---|
| Market cap | US$75.05b |
| Earnings (TTM) | US$1.06b |
| Revenue (TTM) | US$4.16b |
70.9x
P/E Ratio18.0x
P/S RatioIs CDNS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CDNS income statement (TTM) | |
|---|---|
| Revenue | US$4.16b |
| Cost of Revenue | US$478.18m |
| Gross Profit | US$3.68b |
| Other Expenses | US$2.63b |
| Earnings | US$1.06b |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.85 |
| Gross Margin | 88.51% |
| Net Profit Margin | 25.36% |
| Debt/Equity Ratio | 31.7% |
How did CDNS perform over the long term?
See historical performance and comparison