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Cadence Design Systems, Inc. (CDNS)

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282.09 +5.97 (+2.16%)
At close: November 1 at 4:00 PM EDT
282.18 +0.09 (+0.03%)
After hours: November 1 at 7:49 PM EDT
Loading Chart for CDNS
DELL
  • Previous Close 276.12
  • Open 275.50
  • Bid 281.96 x 100
  • Ask 282.21 x 100
  • Day's Range 275.42 - 283.00
  • 52 Week Range 241.29 - 328.99
  • Volume 1,772,730
  • Avg. Volume 1,999,576
  • Market Cap (intraday) 77.367B
  • Beta (5Y Monthly) 1.02
  • PE Ratio (TTM) 74.04
  • EPS (TTM) 3.81
  • Earnings Date Oct 28, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 311.47

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.com

12,703

Full Time Employees

December 31

Fiscal Year Ends

Recent News: CDNS

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Performance Overview: CDNS

Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

CDNS
3.57%
S&P 500
20.10%

1-Year Return

CDNS
17.61%
S&P 500
36.60%

3-Year Return

CDNS
62.95%
S&P 500
24.39%

5-Year Return

CDNS
331.66%
S&P 500
88.60%

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Statistics: CDNS

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Valuation Measures

Annual
As of 11/1/2024
  • Market Cap

    77.37B

  • Enterprise Value

    77.41B

  • Trailing P/E

    74.23

  • Forward P/E

    40.82

  • PEG Ratio (5yr expected)

    2.78

  • Price/Sales (ttm)

    17.71

  • Price/Book (mrq)

    16.95

  • Enterprise Value/Revenue

    17.78

  • Enterprise Value/EBITDA

    49.65

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    23.87%

  • Return on Assets (ttm)

    10.87%

  • Return on Equity (ttm)

    27.07%

  • Revenue (ttm)

    4.35B

  • Net Income Avi to Common (ttm)

    1.04B

  • Diluted EPS (ttm)

    3.81

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.94B

  • Total Debt/Equity (mrq)

    61.91%

  • Levered Free Cash Flow (ttm)

    939.97M

Research Analysis: CDNS

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 1.22B
Earnings 238.11M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

225.00 Low
311.47 Average
282.09 Current
355.00 High
 

Company Insights: CDNS

Research Reports: CDNS

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  • Raising target price to $299.00

    CADENCE DESIGN SYS INC has an Investment Rating of HOLD; a target price of $299.000000; 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.

    Rating
    Price Target
     
  • Cadence Design Systems Earnings: AI and Hardware Demand Drive Outperformance; Fair Value Up 4%

    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.

    Rating
    Price Target
     
  • Lowering target price to $264.00

    CADENCE DESIGN SYS INC has an Investment Rating of HOLD; a target price of $264.000000; 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 High.

    Rating
    Price Target
     
  • Lowering target price to $283.00

    CADENCE DESIGN SYS INC has an Investment Rating of HOLD; a target price of $283.000000; 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.

    Rating
    Price Target
     

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