Cadence Design Systems, Inc. (CDNS)
| Market Cap | 73.51B |
| Revenue (ttm) | 4.64B |
| Net Income (ttm) | 1.06B |
| Shares Out | 274.11M |
| EPS (ttm) | 3.85 |
| PE Ratio | 69.56 |
| Forward PE | 39.79 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 438,878 |
| Open | 267.15 |
| Previous Close | 267.15 |
| Day's Range | 266.28 - 268.59 |
| 52-Week Range | 230.09 - 328.99 |
| Beta | 1.05 |
| Analysts | Buy |
| Price Target | 324.83 (+21.13%) |
| Earnings Date | Apr 21, 2025 |
About CDNS
Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. It 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; physica... [Read more]
Financial Performance
In 2024, Cadence Design Systems's revenue was $4.64 billion, an increase of 13.48% compared to the previous year's $4.09 billion. Earnings were $1.06 billion, an increase of 1.38%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is $324.83, which is an increase of 21.13% from the latest price.
News
Cadence Accelerates AI-Driven Engineering Design and Science with NVIDIA Grace Blackwell
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence expanded its multi-year collaboration with NVIDIA, focusing on driving advancements in accelerated computing and agentic AI.
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Cadence Design Systems, Inc. (CDNS) Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
Cadence Design Systems, Inc. (NASDAQ:CDNS) Morgan Stanley Technology, Media & Telecom Conference March 5, 2025 5:35 PM ET Company Participants Anirudh Devgan - President & Chief Executive Officer Con...
Cadence's Anirudh Devgan to Present at Morgan Stanley Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Morgan Stanley Conference.
Cadence Design Systems: Still Find It Hard To Justify The Premium Valuation Multiple
I recommend a hold rating for Cadence Design Systems, Inc. due to its high valuation despite strong long-term growth potential. CDNS reported strong Q4 results but provided soft FY25 guidance, indicat...
Cadence Design Systems Q4: Record Backlog, But The Stock Is Overvalued
I reiterate a “Sell” rating on Cadence Design Systems, Inc. with a one-year price target of $250 per share, citing overvaluation concerns. Despite 26.8% revenue growth and 35.4% operating profit growt...
Cadence Design Stock Drops Despite Strong Q4, Analysts See Upside
Shares of Cadence Design Systems Inc CDNS were trading lower on Wednesday, despite the company reporting upbeat fourth-quarter results.
Cadence Design Systems, Inc. (CDNS) Q4 2024 Earnings Call Transcript
Cadence Design Systems, Inc. (NASDAQ:CDNS) Q4 2024 Earnings Conference Call February 18, 2025 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP ...
Cadence Reports Fourth Quarter and Fiscal Year 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Fourth Quarter and Fiscal Year 2024 Financial Results.
MediaTek Adopts AI-Driven Cadence Virtuoso Studio and Spectre Simulation on NVIDIA Accelerated Computing Platform for 2nm Designs
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #Cadence--MediaTek adopted the AI-driven Cadence Virtuoso Studio and Spectre X Simulator on the NVIDIA accelerated computing platform for its 2nm developmen...
Cadence to Acquire Secure-IC, a Leader in Embedded Security IP
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced it has entered into a definitive agreement to acquire Secure-IC, a leading embedded security IP platform provider.
Cadence Announces Fourth Quarter and Fiscal Year 2024 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its fourth quarter and fiscal year 2024 financial results webcast on Tuesday, February 18, 2025.
Cadence Appoints Moshe Gavrielov to Board of Directors
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence appointed Moshe Gavrielov to its board of directors, effective January 1, 2025.
Cadence and Rapidus Collaborate on Leading-Edge 2nm Semiconductor Solutions for AI and HPC Applications
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence and Rapidus are collaborating to provide co-optimized AI-driven reference design flows and a broad IP portfolio for Rapidus' 2nm process.
Cadence Design Systems, Inc. (CDNS) 51st Annual NASDAQ Morgan Stanley Investor Conference (Transcript)
Cadence Design Systems, Inc. (NASDAQ:CDNS) 51st Annual NASDAQ Morgan Stanley Investor Conference December 10, 2024 4:00 AM ET Company Participants Anirudh Devgan - CEO Conference Call Participants Le...
Cadence's Anirudh Devgan to Present at Nasdaq Investor Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Nasdaq Investor Conference.
Fortune and Great Place To Work® Name Cadence One of the World's Best Workplaces™ in 2024, Ranking No. 9
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #Cadence--Fortune Magazine and Great Place To Work® have honored Cadence once again in the Top 10 on its World's Best Workplaces™ 2024, ranking Cadence #9.
Cadence Design Systems: Initiating With A Buy On AI Strides
I'm initiating Cadence Design Systems stock with a buy for mid to long-term investors. Cadence should see better top-line growth in 2025 and 2026 on the back of AI adoption and the increased need for ...
Cadence Design Systems Tops S&P 500 After Strong Third Quarter
Shares of Cadence Design Systems (CDNS) shares climbed more than 12% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic design automation firm posted strong quarte...
These Analysts Revise Their Forecasts On Cadence Design Systems Following Q3 Results
Cadence Design Systems, Inc. CDNS reported better-than-expected third-quarter financial results on Monday.
Cadence Design Systems: Back To Potential
I rate Cadence a BUY due to its solid business model, strong growth prospects, and robust free cash flow supporting share buybacks. Recent 3Q24 results and 4Q24 guidance indicate a resurgence in deman...
Cadence Design Systems, Inc. (CDNS) Q3 2024 Earnings Call Transcript
Cadence Design Systems, Inc. (NASDAQ:CDNS) Q3 2024 Earnings Call Transcript October 28, 2024 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP a...
Cadence raises fourth-quarter profit forecast on robust demand from chip designers
Cadence Design Systems raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that power those ...
Overlooked Stock: CDNS
Cadence Design Systems (CDNS) takes off after a 3Q earnings beat. George Tsilis breaks down this company's exposure to the semiconductor industry, saying CDNS could be a good barometer for any potenti...