Cadence Design Systems, Inc. (CDNS)
| Market Cap | 44.76B |
| Revenue (ttm) | 3.28B |
| Net Income (ttm) | 775.14M |
| Shares Out | 273.87M |
| EPS (ttm) | 2.78 |
| PE Ratio | 58.79 |
| Forward PE | 34.84 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,604,998 |
| Open | 164.75 |
| Previous Close | 164.69 |
| Day's Range | 163.26 - 167.58 |
| 52-Week Range | 132.32 - 194.97 |
| Beta | 1.17 |
| Analysts | Buy |
| Price Target | 200.23 (+22.5%) |
| Earnings Date | Oct 24, 2022 |
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 2021, CDNS's revenue was $2.99 billion, an increase of 11.38% compared to the previous year's $2.68 billion. Earnings were $695.96 million, an increase of 17.83%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is 200.23, which is an increase of 22.52% from the latest price.
News
Why These Chip Design Stocks Just Got Fresh Buy Ratings
Cadence Design Systems and Synopsys should benefit from continued strong demand for their chip design tools for years to come, an analyst says. The post Why These Chip Design Stocks Just Got Fresh Buy R...
Bull of the Day: Cadence Design Systems (CDNS)
As bear market mauls Semis and NVDA, the King of Chip Design has sustainable orders going out years
Snap Up These 4 Top-Ranked Liquid Stocks for Impressive Gains
Here are four top-ranked liquid stocks, Cadence (CDNS), Cavco (CVCO), Lattice Semiconductor (LSCC) and Pure Storage (PSTG), which investors can add to their portfolio for returns.
4 Blue-Chip Stocks to Buy From Tech Sector Amid Market Swings
Grab these four blue-chip stocks from the technology sector - Cadence Design Systems (CDNS), STMicroelectronics, Fortinet and Synopsys.
3 Software Stocks to Watch for in a Challenging Industry
Computer Software industry participants like Synopsys (SNPS), Cadence Design Systems (CDNS) and DecisionPoint (DPSI) benefit from steady digital transformations and strong adoption of cloud computing.
Best Momentum Stocks to Buy for September 19th
ASB, SFM and CDNS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 19, 2022.
4 Oversold High-Quality Tech Picks Amid Market Volatility
Investors may consider adding high-quality oversold stocks like SNPS, CDNS, FTNT and MPWR to their portfolio amid the current stock market uncertainties and gain from their upside potential.
Cadence (CDNS) Launches Verisium AI Verification Platform
Cadence Design Systems (CDNS) launches Verisium Artificial Intelligence (AI)-Driven Verification Platform to optimize verification workload.
Best Momentum Stocks to Buy for September 15th
CDNS, KEYS and CNM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 15, 2022.
New Strong Buy Stocks for September 15th
SRT, STLA, OROVY, ESEA, and CDNS have been added to the Zacks Rank #1 (Strong Buy) List on September 15, 2022.
Cadence Revolutionizes Verification Productivity with the Verisium AI-Driven Verification Platform
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the Verisium AI-Driven Verification Platform, a suite of applications leveraging big data and AI to accelerate verification.
New Cadence Joint Enterprise Data and AI Platform Dramatically Accelerates AI-Driven Chip Design Development
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the new Cadence(R) Joint Enterprise Data and AI (JedAI) Platform, which dramatically accelerates AI-driven chip design development.
Best Momentum Stocks to Buy for September 13th
PSX, RGA and CDNS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 13, 2022.
New Strong Buy Stocks for September 13th
KLBAY, STLA, PSX, UFPI, and CDNS have been added to the Zacks Rank #1 (Strong Buy) List on September 13, 2022.
What Makes Cadence (CDNS) a New Strong Buy Stock
Cadence (CDNS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
5 Top-Ranked Tech Stocks With Solid Upside Potential to Buy Now
Here we present five tech stocks - SNPS, VSH, CDNS, PSTG and FTNT - which are poised to perform well in the rest of 2022 despite a volatile market.
Cadence Completes Acquisition of OpenEye Scientific
SAN JOSE, Calif. & SANTA FE, N.M.--(BUSINESS WIRE)--Cadence Design Systems, Inc. announced that it has completed the acquisition of OpenEye Scientific Software, Inc. (“OpenEye”).
Why Is Cadence (CDNS) Up 7.3% Since Last Earnings Report?
Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?
New Strong Buy Stocks for August 24th
GHM, MBWM, BRT, WTTR, and CDNS have been added to the Zacks Rank #1 (Strong Buy) List on August 24, 2022.
UMC and Cadence Collaborate on Analog/Mixed-Signal Flow for 22ULP/ULL Process Technologies
SAN JOSE, Calif. & HSINCHU, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (UMC), a leading global semiconductor foundry, and Cadence Design Systems, Inc. (Nasdaq: ...
Cadence (CDNS) & GF Tie Up to Boost 5G Design & Innovation
Cadence Design Systems (CDNS) and GlobalFoundries (GF) collaborate to accelerate 5G mobile design.
Nasdaq Composite Exits Bear Market: 5 Picks to Tap the Bull
We have narrowed our search to five Nasdaq Composite listed technology bigwigs with strong growth potential for the rest of 2022. These are: FTNT, CDNS, INTU, TXN and PANW.
This Software Designer Finds Itself In Right Place At Right Time
Cadence Design stock is up about 30% over the past year as it finds itself in the right markets at the most opportune time. The post This Software Designer Finds Itself In Right Place At Right Time appe...
SAP's Litmos Solutions to be Acquired by Francisco Partners
SAP SE (SAP) is selling off its Litmos solutions due to overlap in functionality with SuccessFactors Learning solution
Is Cadence (CDNS) a Solid Growth Stock? 3 Reasons to Think "Yes"
Cadence (CDNS) possesses solid growth attributes, which could help it handily outperform the market.