Cadence Design Systems, Inc. (CDNS)
| Market Cap | 49.43B |
| Revenue (ttm) | 2.98B |
| Net Income (ttm) | 693.11M |
| Shares Out | 277.14M |
| EPS (ttm) | 2.48 |
| PE Ratio | 71.92 |
| Forward PE | 52.63 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 905,156 |
| Open | 187.80 |
| Previous Close | 183.47 |
| Day's Range | 177.14 - 185.31 |
| 52-Week Range | 109.20 - 188.60 |
| Beta | 1.07 |
| Analysts | Buy |
| Price Target | 175.42 (-1.6%) |
| Earnings Date | n/a |
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 products, including Genus logic s...
Financial Performance
In 2020, CDNS's revenue was $2.68 billion, an increase of 14.83% compared to the previous year's $2.34 billion. Earnings were $590.64 million, a decrease of -40.28%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is 175.42, which is a decrease of -1.65% from the latest price.
News
Why Is Cadence (CDNS) Up 5% Since Last Earnings Report?
Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?
Looking for a Growth Stock? Why It is Time to Focus on Cadence (CDNS)
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Cadence (CDNS).
Cadence's Anirudh Devgan and John Wall to Present at the 45th Nasdaq Investor Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the 45th Nasdaq Investor Conference
Cadence's Anirudh Devgan and John Wall to Present at the Wells Fargo TMT Summit
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the Wells Fargo TMT Summit on December 1, 2021
Cadence Integrity 3D-IC Platform Qualified by Samsung Foundry for Native 3D Partitioning Flow on 5LPE Design Stack
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Samsung Foundry has qualified the Cadence® Integrity™ 3D-IC platform's 2D-to-3D native 3D partitioning flow.
Samsung Foundry Adopts Cadence Liberate Trio Characterization Suite for 3nm Production Library
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Samsung Foundry successfully used the Liberate™ Trio Characterization Suite to deliver 3nm production libraries.
Samsung Foundry Adopts New Tempus SPICE-Accurate Aging Analysis for High-Reliability Applications
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Samsung Foundry deployed the Cadence® Tempus™ Timing Signoff Solution featuring a SPICE-accurate aging analysis capability.
Cadence Wins Four 2021 TSMC OIP Partner of the Year Awards, Featuring Key Advancements in 3DFabric Design and Cloud-B...
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced it has won four Open Innovation Platform® (OIP) Partner of the Year awards from TSMC for their core EDA, IP and systems solutions.
Cadence's Anirudh Devgan and John Wall to Present at the Berenberg US CEO Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the Berenberg US CEO Conference
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A Company for Investors Focused on the Computer and Tech Space and a Leading Provider of Modern Business Software.
Here's Why Cadence Design Systems (CDNS) is a Great Momentum Stock to Buy
Does Cadence Design Systems (CDNS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is Why Growth Investors Should Buy Cadence (CDNS) Now
Cadence (CDNS) could produce exceptional returns because of its solid growth attributes.
Cadence Extends Battery Life and Improves User Experience for Next-Generation Hearables, Wearables and Always-On Devices
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence Tensilica HiFi 1 DSP increases audio/voice performance and optimizes neural network capability in a small footprint with ultra-low energy.
Is Cadence Design Systems (CDNS) Outperforming Other Computer and Technology Stocks This Year?
Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?
Cadence Integrity 3D-IC Platform Supports TSMC 3DFabric™ Technologies for Advanced Multi-Chiplet Designs
SAN JOSE, Calif.--(BUSINESS WIRE)--The Cadence® Integrity™ 3D-IC platform, a platform for 3D-IC planning, implementation and system analysis, is enabled for TSMC 3DFabric™ technologies.
Cadence (CDNS) Beats on Q3 Earnings & Revenues, Raises View
Cadence's (CDNS) Q3 results benefit from broad based strength across all business segments.
Cadence Design Systems (CDNS) Q3 Earnings and Revenues Surpass Estimates
Cadence (CDNS) delivered earnings and revenue surprises of 6.67% and 1.53%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Recap: Cadence Design Systems Q3 Earnings
Cadence Design Systems (NASDAQ:CDNS) reported its Q3 earnings results on Monday, October 25, 2021 at 04:05 PM. Here's what investors need to know about the announcement.
Cadence Reports Third Quarter 2021 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Third Quarter 2021 Financial Results
Cadence Named to Newsweek's List of the Most Loved Workplaces for 2021
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems was featured in Newsweek's Most Loved Workplaces list for 2021, ranking at #7 among the top 100 companies.
Dodson's Parnassus Endeavor Fund Enters 2 New Positions, Trims a Top Holding
The Parnassus Endeavor Fund (Trades, Portfolio) released its third-quarter portfolio earlier this week, revealing potential value opportunities as supply chain disruptions and other economic headwinds c...
Cadence Digital and Custom/Analog Flows Achieve the Latest TSMC N3 and N4 Certifications
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence digital and custom/analog flows have achieved certification for TSMC's N3 and N4 process technologies in support of the latest DRM.
Cadence Demonstrates IP Test Silicon for PCI Express 6.0 Specification on TSMC N5 Process
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the immediate availability of Cadence® IP supporting the PCI Express® (PCIe®) 6.0 specification on the TSMC N5 process.
Here's What to Expect Ahead of Cadence (CDNS) Q3 Earnings
Cadence's (CDNS) Q3 performance is likely to have benefited from its diversified product portfolio. Disruptions in supply chain owing to COVID-19 crisis might have been a headwind.
Fortune and Great Place to Work® Name Cadence One of the World's Best Workplaces™ in 2021, Ranking #17
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Fortune magazine and Great Place to Work have honored the company as one of the 2021 World's Best Workplaces for the sixth time