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Cadence Design Systems, Inc. (CDNS)

Stock Price: $140.94 USD -1.00 (-0.70%)
Updated Apr 20, 2021 4:00 PM EDT - Market closed
Market Cap 39.34B
Revenue (ttm) 2.68B
Net Income (ttm) 590.64M
Shares Out 273.73M
EPS (ttm) 2.11
PE Ratio 66.80
Forward PE 47.62
Dividend n/a
Dividend Yield n/a
Trading Day April 20
Last Price $140.94
Previous Close $141.94
Change ($) -1.00
Change (%) -0.70%
Day's Open 140.59
Day's Range 140.07 - 142.17
Day's Volume 1,700,985
52-Week Range 73.35 - 149.08

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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.

1 day ago - Business Wire

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.

5 days ago - Benzinga

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced that it has acquired Pointwise, Inc., a leader in mesh generation for computational fluid dynamics (CFD).

5 days ago - Business Wire

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.

1 week ago - Zacks Investment Research

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Announces First Quarter 2021 Financial Results Webcast

1 week ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that it has optimized the Cadence digital 20.1 full flow for Samsung Foundry's advanced-process technologies down to 4nm.

1 week ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the availability of an automotive-optimized Cadence digital full flow for Samsung Foundry's 14LPU process technology.

1 week ago - Business Wire

Cadence's (CDNS) new Palladium Z2 and Protium X2 systems are expected to be generally available from second quarter of 2021.

2 weeks ago - Zacks Investment Research

Here we discuss five enterprise software companies -- MSFT, ADBE, CDNS, VEEV, and UPLD -- which are well poised to gain from coronavirus crisis triggered spend on digital transformation amid proliferati...

Other stocks mentioned: ADBE, MSFT, UPLD, VEEV, WORK, ZM
2 weeks ago - Zacks Investment Research

As of late, it has definitely been a great time to be an investor of Cadence Design Systems (CDNS)

2 weeks ago - Zacks Investment Research

SAN JOSE, Calif.--(BUSINESS WIRE)-- #SoC--Cadence announces the Palladium Z2 and Protium X2 systems to handle the exponentially increasing system design complexity and time-to-market pressures

2 weeks ago - Business Wire

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

3 weeks ago - Zacks Investment Research

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced that it has collaborated with GLOBALFOUNDRIES (GF) to successfully tape out a Cadence Tensilica test chip on GF's 22FDX platform.

3 weeks ago - Business Wire

SAN JOSE, Calif. & SANTA CLARA, Calif.--(BUSINESS WIRE)---- $CDNS--GF and Cadence announced a collaboration to facilitate design for manufacturing (DFM) signoff with machine learning (ML) prediction cap...

4 weeks ago - Business Wire

Cadence Design Systems (NASDAQ:CDNS) has had a particularly good 2020 driven by the acceleration of digitization due to Covid-19 as well as moving generational trends like 5G, artificial intelligence, d...

1 month ago - GuruFocus

SAN JOSE, Calif.--(BUSINESS WIRE)--The next-generation Cadence Sigrity X delivers up to 10X faster performance and uncompromised accuracy for today's system-level simulation challenges.

1 month ago - Business Wire

We highlighted five stocks from the ETF that were hit badly in the tech rout but might reverse the trend, given their solid Zacks Rank #1 (Strong Buy) or 2 (Buy) and positive earnings estimate revisions...

Other stocks mentioned: ALGN, KLAC, MRNA, NVDA, QQQ
1 month ago - Zacks Investment Research

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence received a TSMC OIP Ecosystem Forum Customers' Choice award for a paper presented during the TSMC 2020 North America OIP Ecosystem Forum.

1 month ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Nimish Modi to Present at Berenberg Conference

1 month ago - Business Wire

Does Cadence Design Systems (CDNS) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 month ago - Zacks Investment Research

PTC's IBD SmartSelect Composite Rating climbed to a near-best 96 Monday, up from 94 the day before. The post Top-Rated Stocks: PTC Surges To New High Amid Strong Profit, Sales Growth appeared first on I...

Other stocks mentioned: PTC
1 month ago - Investors Business Daily

On Monday, Cadence Design Systems got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The post Cadence Design Systems Earns Composite Rating Upgrade appeared first on Investor's Busin...

1 month ago - Investors Business Daily

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Lip-Bu Tan to Present at Morgan Stanley Conference

1 month ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #Aerospace--Cadence Design Systems, Inc. announced that it has completed the acquisition of NUMECA International.

1 month ago - Business Wire

Cadence's (CDNS) Q4 performance reflects gains from continued momentum in the digital & signoff solutions and Verification Suite along with increasing customer base.

1 month ago - Zacks Investment Research

These are the stocks posting the largest moves after the bell on Monday, Feb. 22.

Other stocks mentioned: CCL, PANW, REAL, FANG, TREX, ZI, SHOP
1 month ago - CNBC

Cadence Design Systems Inc. (NASDAQ: CDNS) published its earnings report for the fiscal fourth quarter on Monday that came in better than what analysts had anticipated. Cadence Design Systems' shares we...

1 month ago - Invezz

Shares of Cadence Design Systems (NASDAQ:CDNS) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 53.70% over the past year to $0.83, which ...

1 month ago - Benzinga

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Fourth Quarter and Fiscal Year 2020 Financial Results

1 month ago - Business Wire

Cadence Design Systems (NASDAQ:CDNS) announces its next round of earnings this Monday, February 22. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.

2 months ago - Benzinga

Cadence's (CDNS) fourth-quarter results are likely to reflect the extending clout of Clarity 3D Solver and CloudBurst Platform offerings. However, stiff competition is a headwind.

2 months ago - Zacks Investment Research

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced the establishment of the Cadence Design Systems Professorship Fund for the MIT Stephen A. Schwarzman College of Computing.

2 months ago - Business Wire

According to the GuruFocus All-in-One Screener, a Premium feature, the following guru-owned tech stocks have outperformed the S&P 500 Index over the past 12 months through Jan. 20.

Other stocks mentioned: ERIC, PANW, STM, TTD
3 months ago - GuruFocus

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #Aerospace--Cadence entered into a definitive agreement to acquire NUMECA International, a leader in computational fluid dynamics (CFD).

3 months ago - Business Wire

Final Trades: Under Armour, Pinduoduo, Keysight Technologies & more

YouTube video

The "Halftime Report" traders give their top picks to watch for the second half.

Other stocks mentioned: KEYS, PDD, UA, UAA, JMIA
3 months ago - CNBC Television

If a Santa Claus rally grips Wall Street in the final days of December, the S&P 500 could see smart gains in 2020 despite the COVID-19 outbreak. These stocks helped the index to hit highs this year.

Other stocks mentioned: ALB, AMD, ETSY, IDXX, LB, NOW, NVDA ...
3 months ago - Zacks Investment Research

Stock Market Analysis: Nasdaq Dips, But Weekly Gain Strong; Cadence Design, Chegg In Focus

YouTube video

Stock market analysis: Nasdaq dips as stimulus talks drag, but weekly gains strong; Cadence Design, Chegg in focus. Investor's Business Daily has been helping people invest smarter results by providing ...

Other stocks mentioned: CHGG
3 months ago - Investors Business Daily

Stock Market Analysis: Nasdaq Dips, But Weekly Gain Strong; Cadence Design, Chegg In Focus

YouTube video

Stock market analysis: Nasdaq dips as stimulus talks drag, but weekly gains strong; Cadence Design, Chegg in focus. Investor's Business Daily has been helping people invest smarter results by providing ...

Other stocks mentioned: CHGG
4 months ago - Investors Business Daily

Design software stocks were hopping on Wednesday, including top names Synopsys and Cadence Design Systems. Synopsys stock hit a buy point while Cadence stock was nearing one.

Other stocks mentioned: SNPS
4 months ago - Investors Business Daily

Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?

4 months ago - Zacks Investment Research

We have narrowed down our search to seven Nasdaq Composite stocks that popped more than 50% year to date. These are NVDA, LRCX, TTD, CDNS, TER, TRMB, SNPS.

Other stocks mentioned: LRCX, NVDA, SNPS, TER, TRMB, TTD
4 months ago - Zacks Investment Research

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--Rockley Photonics deployed a set of Cadence system analysis and custom tools to design a state-of-the-art SiP for hyperscale data centers.

4 months ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #BoardOfDirectors--Cadence Design Systems, Inc. today announced the appointment of Julia Liuson to its board of directors, effective January 4, 2021.

4 months ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--John Wall, senior vice president and chief financial officer of Cadence, will participate in a fireside chat at the Nasdaq 43rd Investor Conference.

4 months ago - Business Wire

Increased allegiance to safe and cleaner transportation solutions positions tech companies, including NVIDIA (NVDA), Flex (FLEX), Keysight (KEYS), and Cadence (CDNS), to make the most of growing market ...

Other stocks mentioned: FLEX, KEYS, NVDA
4 months ago - Zacks Investment Research

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).

4 months ago - Zacks Investment Research

Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?

4 months ago - Zacks Investment Research

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

5 months ago - Zacks Investment Research

Cadence (CDNS) could produce exceptional returns because of its solid growth attributes.

5 months ago - Zacks Investment Research

Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?

5 months ago - Zacks Investment Research

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
Full Company Profile

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 Statements

Analyst Forecasts

According to 15 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is 150.13, which is an increase of 6.52% from the latest price.

Price Target
$150.13
(6.52% upside)
Analyst Consensus: Buy