Cadence Design Systems, Inc. (CDNS)
| Market Cap | 40.46B |
| Revenue (ttm) | 2.80B |
| Net Income (ttm) | 653.83M |
| Shares Out | 274.02M |
| EPS (ttm) | 2.34 |
| PE Ratio | 61.95 |
| Forward PE | 47.85 |
| Dividend | n/a |
| Dividend Yield | n/a |
| Trading Day | July 26 |
| Last Price | $144.97 |
| Previous Close | $145.67 |
| Change ($) | -0.70 |
| Change (%) | -0.48% |
| Day's Open | 145.00 |
| Day's Range | 144.38 - 145.63 |
| Day's Volume | 1,121,311 |
| 52-Week Range | 97.45 - 149.08 |
Cadence (CDNS) delivered earnings and revenue surprises of 14.67% and 1.75%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Shares of Cadence Design Systems (NASDAQ:CDNS) rose after the company reported Q2 results. Quarterly Results Earnings per share were up 30.30% over the past year to $0.86, which beat the estimate of $0.76.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence CEO Lip-Bu Tan will transition to the role of exec chairman on Dec. 15, 2021, and President Anirudh Devgan will become CEO at that time.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Second Quarter 2021 Financial Results
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Cadence's (CDNS) second-quarter performance is likely to have benefited from its diversified product portfolio. Resurgence of COVID-19 cases across several countries might have been a headwind.
Cadence Design Systems is using machine learning in its Cerebrus Intelligent Chip Explorer tool for designing complex chips.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the Cerebrus™ Intelligent Chip Explorer, a new machine learning (ML)-based tool that automates and scales digital chip design.
SAN JOSE, Calif. & HSINCHU, Taiwan,--(BUSINESS WIRE)--Cadence and UMC announced that the Cadence digital full flow has been optimized and certified for the UMC 22ULP/ULL process technologies.
Cadence (CDNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Announces Second Quarter 2021 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--A new report from Cadence reveals consumer awareness and impressions of hyperconnectivity and hyperscale computing and their impact on people's lives.
MEYREUIL, France & SAN JOSE, Calif.--(BUSINESS WIRE)--Presto Engineering and Cadence Collaborate on IC Packaging for Automotive and IoT Markets
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence today announced AWR Design Environment V16 with cross-platform interoperability to support RF to mmWave RF IP integration.
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence® Tensilica® FloatingPoint DSP family provides a scalable and configurable solution for a broad range of compute-intensive applications.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Sequans Communications S.A. has adopted the Cadence RF Solution to develop its next-generation 5G IoT platform.
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence Allegro X Design Platform unifies schematic, layout, analysis, design collaboration and data management, revolutionizing system design.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the 44th Nasdaq Investor Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Nimish Modi to Present at Berenberg Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the Baird 2021 Global Consumer, Technology & Services Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence today announced that EdgeCortix, Inc has deployed multiple Cadence tools to accelerate the design and verification of its edge AI chips.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence is collaborating with TSMC to accelerate mobile, AI and hyperscale computing application design on TSMC N3 and N4 process technologies.
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The new Cadence® Clarity™ 3D Solver Cloud provides straightforward, secure and scalable electromagnetic analysis of complex systems on AWS.
Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?
SAN JOSE, Calif.--(BUSINESS WIRE)--Through a collaboration with Arm, customers have successfully taped out mobile SoCs using Cadence tools and the next-generation Arm mobile solution.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at Cowen Conference
A Company That's More Than a Retailer and One of Great Design.
Cadence Design Systems Inc (NASDAQ: CDNS) showcased its third-generation 112G long-reach (112G-LR) SerDes IP on Taiwan Semiconductor Manufacturing Co Ltd's (NYSE: TSM) 5-nm process for hyper-scale ASICs...
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence IP supporting the PCI Express 5.0 specification on TSMC N5 process technology is immediately available for very high-bandwidth applications.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced its third-generation 112G-LR SerDes IP on TSMC's N5 process for hyperscale ASICs, AI/ML accelerators, and switch fabric SoCs.
Efforts to automate workflow and digitize customer-end functions call for investing in software stocks like Adobe (ADBE), PTC, SAP, Progress Software (PRGS) and Cadence Design Systems (CDNS)
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SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced JVCKENWOOD has adopted the new Spectre FX Simulator and multiple Cadence solutions to accelerate IC development.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the new Spectre FX Simulator, a next-generation FastSPICE circuit simulator that enables the efficient verification of designs.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Lip-Bu Tan to Present at JP Morgan Conference
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced that it has received four 2020 SAFE EDA awards from Samsung Foundry.
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--GUC successfully deployed the Cadence® Clarity™ 3D Solver to achieve a 5X system analysis speedup for a complex 112G long-reach network switch design.
Cadence Design Systems Inc (NASDAQ: CDNS) extended its partnership with Arm to accelerate hyper-scale computing and 5G communications SoC development using Cadence tools and the new Arm Neoverse V1 and ...
The semiconductor specialist's first-quarter numbers beat expectations, but its outlook disappointed investors.
Cadence's (CDNS) Q1 results benefit from strength across business segments like digital & signoff solutions and functional verification suite.
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence and Arm are collaborating to speed SoC development using Cadence® tools and the new Arm® Neoverse V1 and Neoverse N2 platforms.
Cadence (CDNS) delivered earnings and revenue surprises of 12.16% and 2.42%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Cadence Design Systems Inc (NASDAQ: CDNS) reported its financial results for the fiscal first quarter on Monday that beat Wall Street estimates. The computer software company, however, gave weaker than ...
Shares of Cadence Design Systems (NASDAQ:CDNS) decreased in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 38.33% over the past year to $0.83, whic...
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports First Quarter 2021 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence has extended its popular Tensilica® Vision and AI DSP product line with new DSP IP cores targeting high-end and always-on applications.
Cadence's (CDNS) first-quarter results are likely to reflect the solid adoption of Clarity 3D Solver and CloudBurst Platform offerings. However, stiff competition is a headwind.
Cadence (CDNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced that the Cadence Pegasus™ Verification System has achieved certification for Samsung Foundry's 5nm and 7nm process technologies.
Cadence Design Systems Inc (NASDAQ: CDNS) has acquired Pointwise, Inc, a mesh generator for computational fluid dynamics (CFD). The financial terms of the transaction were not disclosed.
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... [Read more...]
| Industry Software-Application | IPO Date Jun 10, 1987 |
| CEO Lip-Bu Tan | Employees 8,800 |
| Stock Exchange NASDAQ | Ticker Symbol CDNS |
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%.
Analyst Forecasts
According to 15 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is 152.25, which is an increase of 5.02% from the latest price.