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Cadence Design Systems, Inc. (CDNS)

Stock Price: $144.97 USD -0.70 (-0.48%)
Updated Jul 26, 2021 4:00 PM EDT - Market closed
After-hours: $145.01 +0.04 (0.03%) Jul 26, 7:47 PM
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

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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?

7 hours ago - Zacks Investment Research

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.

9 hours ago - Benzinga

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.

10 hours ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Second Quarter 2021 Financial Results

10 hours ago - Business Wire

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

Other stocks mentioned: INTC, TTD, SQ, IPG
3 days ago - CNBC Television

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.

4 days ago - Zacks Investment Research

Cadence Design Systems is using machine learning in its Cerebrus Intelligent Chip Explorer tool for designing complex chips.

4 days ago - VentureBeat

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.

4 days ago - Business Wire

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.

Other stocks mentioned: UMC
2 weeks 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.

2 weeks ago - Zacks Investment Research

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

2 weeks ago - Business Wire

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.

4 weeks ago - Business Wire

MEYREUIL, France & SAN JOSE, Calif.--(BUSINESS WIRE)--Presto Engineering and Cadence Collaborate on IC Packaging for Automotive and IoT Markets

1 month ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence today announced AWR Design Environment V16 with cross-platform interoperability to support RF to mmWave RF IP integration.

1 month ago - Business Wire

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.

1 month ago - Business Wire

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.

1 month ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence Allegro X Design Platform unifies schematic, layout, analysis, design collaboration and data management, revolutionizing system design.

1 month ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the 44th Nasdaq Investor Conference

1 month ago - Business Wire

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

1 month ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the Baird 2021 Global Consumer, Technology & Services Conference

1 month ago - Business Wire

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.

1 month ago - Business Wire

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.

1 month ago - Business Wire

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.

2 months ago - Business Wire

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

2 months ago - Zacks Investment Research

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.

2 months ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at Cowen Conference

2 months ago - Business Wire

A Company That's More Than a Retailer and One of Great Design.

Other stocks mentioned: TGT
2 months ago - Zacks Investment Research

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...

2 months ago - Benzinga

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.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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)

Other stocks mentioned: ADBE, PRGS, PTC, SAP
2 months ago - Zacks Investment Research

Growth seekers that like to minimize risk should explore these five large-cap stocks that the pros expect will gain 20% or more within a year.

Other stocks mentioned: AAPL, GNRC, QCOM, VRTX
2 months ago - Kiplinger

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced JVCKENWOOD has adopted the new Spectre FX Simulator and multiple Cadence solutions to accelerate IC development.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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

2 months ago - Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced that it has received four 2020 SAFE EDA awards from Samsung Foundry.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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 ...

2 months ago - Benzinga

The semiconductor specialist's first-quarter numbers beat expectations, but its outlook disappointed investors.

2 months ago - The Motley Fool

Cadence's (CDNS) Q1 results benefit from strength across business segments like digital & signoff solutions and functional verification suite.

2 months ago - Zacks Investment Research

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.

2 months ago - Business Wire

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?

3 months ago - Zacks Investment Research

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 ...

3 months ago - Invezz

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...

3 months ago - Benzinga

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

3 months ago - Business Wire

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.

3 months ago - Business Wire

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.

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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.

3 months 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.

3 months ago - Benzinga

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 152.25, which is an increase of 5.02% from the latest price.

Price Target
$152.25
(5.02% upside)
Analyst Consensus: Buy