Cadence Design Systems, Inc. (CDNS)
| Market Cap | 83.01B |
| Revenue (ttm) | 4.35B |
| Net Income (ttm) | 1.04B |
| Shares Out | 274.26M |
| EPS (ttm) | 3.80 |
| PE Ratio | 79.50 |
| Forward PE | 44.71 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 246,489 |
| Open | 306.11 |
| Previous Close | 304.01 |
| Day's Range | 300.95 - 307.65 |
| 52-Week Range | 241.29 - 328.99 |
| Beta | 1.02 |
| Analysts | Buy |
| Price Target | 324.00 (+7.05%) |
| Earnings Date | Oct 28, 2024 |
About CDNS
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 ... [Read more]
Financial Performance
In 2023, Cadence Design Systems's revenue was $4.09 billion, an increase of 14.83% compared to the previous year's $3.56 billion. Earnings were $1.04 billion, an increase of 22.64%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is $324.0, which is an increase of 7.05% from the latest price.
News
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...
Cadence Reports Third Quarter 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Third Quarter 2024 Financial Results.
Calls of the Day: Deckers, Costco, Lowe's, Cadence and Synopsys
The Investment Committee debate the latest Calls Of The Day.
Trade Tracker: Amy Raskin trims Cadence Design
Amy Raskin, Chief Investment Officer at Chevy Chase Trust, joins CNBC's Halftime Report to explain why she's trimming the name.
Cadence Announces Third Quarter 2024 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its third quarter 2024 financial results webcast on Monday, October 28, 2024.
The Market Has High Expectations, But Cadence May Be Able To Exceed Them
In order to be fairly valued, the market requires Cadence to grow 17% annually. However, given its mission-critical position in the chip industry, I think Cadence may still be undervalued. Especially ...
TSMC and Cadence Collaborate to Deliver AI-Driven Advanced-Node Design Flows, Silicon-Proven IP and 3D-IC Solutions
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence is collaborating with TSMC to enhance productivity and optimize product performance for AI-driven advanced-node silicon designs and 3D-ICs.
Calls of the Day: Apollo Global, Cadence Design, Verizon, Expedia and Nike
The Investment Committee discuss the latest Calls Of The Day
Should you buy Cadence after the recent 23% drop? Piper Sandler thinks so
Cadence Design Systems Inc. (NASDAQ: CDNS) has experienced a notable downturn recently, dropping over 23% in the past month, yet analysts at Piper Sandler see this as an opportunity. Analysts remain o...
Cadence Design Systems: Negatives Priced In For 3 Straight Quarters -- Time To Buy
We're buy-rated on Cadence Design Systems, Inc. after three consecutive quarters of guidance miss. We think FY24 confirms that Cadence is not immune to the cyclical downturn in the semi industry and i...
Cadence Design Systems: Accelerated Verification And Performance Should Support AI
Cadence Design Systems received a 'Hold' rating due to concerns about stock price valuation despite beating market consensus in Q2 earnings. CDNS's expanding AI portfolio and partnerships with key pla...
Cadence Design Systems, Inc. (CDNS) Q2 2024 Earnings Call Transcript
Cadence Design Systems, Inc. (NASDAQ:CDNS) Q2 2024 Earnings Conference Call July 22, 2024 4:30 PM ET Company Participants Richard Gu - VP, IR Anirudh Devgan - President & CEO John Wall - SVP & CFO Co...
Cadence Reports Second Quarter 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Second Quarter 2024 Financial Results.
Cadence Announces Second Quarter 2024 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its second quarter 2024 financial results webcast on Monday, July 22, 2024.
Cadence Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence expanded its system IP portfolio with the addition of the Cadence Janus Network-on-Chip (NoC) for better PPA faster and with lower risk.
Cadence and Intel Foundry Collaborate on Systems Foundry Enablement for the AI Era
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence achieved several key milestones in its strategic partnership with Intel Foundry, spanning 3D-IC enablement, EDA flows and IP development.
Cadence Design Systems: Widening TAM But Less Room For Valuation Expansion
Cadence Design Systems is a leading player in the EDA software market for chip and PCB design. The company is expanding its Total Addressable Market (TAM) by venturing into the reality platform, CFD m...
Cadence and Samsung Foundry Accelerate Chip Innovation for Advanced AI and 3D-IC Applications
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence's broad and close collaboration with Samsung Foundry includes technology advancements to accelerate design for AI and 3D-IC semiconductors.