Cadence Design Systems, Inc. (CDNS)
- Previous Close
295.74 - Open
297.33 - Bid 294.30 x 100
- Ask 294.52 x 100
- Day's Range
293.56 - 299.40 - 52 Week Range
217.77 - 327.36 - Volume
926,687 - Avg. Volume
1,519,482 - Market Cap (intraday)
80.207B - Beta (5Y Monthly) 1.04
- PE Ratio (TTM)
76.87 - EPS (TTM)
3.83 - Earnings Date Jul 22, 2024 - Jul 26, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date --
- 1y Target Est
331.81
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. The company also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
www.cadence.com11,200
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: CDNS
Performance Overview: CDNS
Trailing total returns as of 6/7/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
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5-Year Return
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Statistics: CDNS
Valuation Measures
Market Cap
80.21B
Enterprise Value
79.84B
Trailing P/E
76.67
Forward P/E
49.75
PEG Ratio (5yr expected)
2.75
Price/Sales (ttm)
19.70
Price/Book (mrq)
22.48
Enterprise Value/Revenue
19.58
Enterprise Value/EBITDA
54.78
Financial Highlights
Profitability and Income Statement
Profit Margin
25.68%
Return on Assets (ttm)
13.86%
Return on Equity (ttm)
32.17%
Revenue (ttm)
4.08B
Net Income Avi to Common (ttm)
1.05B
Diluted EPS (ttm)
3.83
Balance Sheet and Cash Flow
Total Cash (mrq)
1.16B
Total Debt/Equity (mrq)
18.20%
Levered Free Cash Flow (ttm)
1.07B
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Lowering target price to $289.00
CADENCE DESIGN SYS INC has an Investment Rating of HOLD; a target price of $289.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.
RatingPrice TargetLowering target price to $296.00
CADENCE DESIGN SYS INC has an Investment Rating of HOLD; a target price of $296.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.
RatingPrice TargetCadence Design Systems Earnings: Revenue Deceleration and Weak Quarterly Guidance Spark Concern
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence’s comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
RatingPrice TargetCadence Design Systems Earnings: Revenue Deceleration and Weak Quarterly Guidance Sparks Concern
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence’s comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
RatingPrice Target