Cadence Design Systems, Inc. (CDNS)

NASDAQ: CDNS · IEX Real-Time Price · USD
163.43
-1.26 (-0.77%)
At close: Sep 30, 2022 4:00 PM
163.66
+0.23 (0.14%)
After-hours: Sep 30, 2022 7:56 PM EDT
-0.77%
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...]

Industry Software
IPO Date Jun 10, 1987
CEO Lip-Bu Tan
Employees 9,300
Stock Exchange NASDAQ
Ticker Symbol CDNS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$200.23
(22.52% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

Other symbols: SNPS
2 days ago - Investors Business Daily

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

5 days ago - Zacks Investment Research

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.

Other symbols: CVCOLSCCPSTG
1 week ago - Zacks Investment Research

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.

Other symbols: FTNTSNPSSTM
1 week ago - Zacks Investment Research

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.

Other symbols: DPSISNPS
1 week ago - Zacks Investment Research

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.

Other symbols: ASBSFM
1 week ago - Zacks Investment Research

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.

Other symbols: FTNTMPWRSNPS
2 weeks ago - Zacks Investment Research

Cadence (CDNS) Launches Verisium AI Verification Platform

Cadence Design Systems (CDNS) launches Verisium Artificial Intelligence (AI)-Driven Verification Platform to optimize verification workload.

2 weeks ago - Zacks Investment Research

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.

Other symbols: CNMKEYS
2 weeks ago - Zacks Investment Research

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.

Other symbols: ESEASRTSTLA
2 weeks ago - Zacks Investment Research

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.

2 weeks ago - Business Wire

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.

2 weeks ago - Business Wire

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.

Other symbols: PSXRGA
2 weeks ago - Zacks Investment Research

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.

Other symbols: PSXSTLAUFPI
2 weeks ago - Zacks Investment Research

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).

3 weeks ago - Zacks Investment Research

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.

Other symbols: FTNTPSTGSNPSVSH
3 weeks ago - Zacks Investment Research

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”).

1 month ago - Business Wire

Why Is Cadence (CDNS) Up 7.3% Since Last Earnings Report?

Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

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.

Other symbols: BRTGHMMBWMWTTR
1 month ago - Zacks Investment Research

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: ...

Other symbols: UMC
1 month ago - Business Wire

Cadence (CDNS) & GF Tie Up to Boost 5G Design & Innovation

Cadence Design Systems (CDNS) and GlobalFoundries (GF) collaborate to accelerate 5G mobile design.

1 month ago - Zacks Investment Research

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.

Other symbols: FTNTINTUPANWTXN
1 month ago - Zacks Investment Research

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...

1 month ago - Investors Business Daily

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

Other symbols: ANETBMISAP
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research