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Cadence Design Systems, Inc. (CDNS)

Stock Price: $134.64 USD 0.00 (0.00%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
After-hours: $134.65 +0.01 (0.01%) Jan 15, 7:49 PM
Market Cap 37.56B
Revenue (ttm) 2.52B
Net Income (ttm) 1.08B
Shares Out 274.00M
EPS (ttm) 3.86
PE Ratio 34.91
Forward PE 48.08
Dividend n/a
Dividend Yield n/a
Trading Day January 15
Last Price $134.64
Previous Close $134.64
Change ($) 0.00
Change (%) 0.00%
Day's Open 135.34
Day's Range 132.93 - 136.15
Day's Volume 1,126,778
52-Week Range 54.32 - 137.05

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CNBC Television - 2 weeks ago

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

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

Other stocks mentioned: KEYS, PDD, UA, UAA, JMIA
Zacks Investment Research - 3 weeks ago

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...

Other stocks mentioned: ALB, AMD, ETSY, IDXX, LB, NOW, NVDA, PYPL, TSLA
Investors Business Daily - 4 weeks ago

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

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 ...

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

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

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 ...

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

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
Zacks Investment Research - 1 month ago

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

Zacks Investment Research - 1 month ago

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
Business Wire - 1 month ago

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.

Business Wire - 1 month ago

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.

Business Wire - 1 month ago

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 Confe...

Zacks Investment Research - 1 month ago

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 growi...

Other stocks mentioned: FLEX, KEYS, NVDA
Zacks Investment Research - 1 month ago

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).

Zacks Investment Research - 1 month ago

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

Zacks Investment Research - 2 months ago

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

Zacks Investment Research - 2 months ago

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

Zacks Investment Research - 2 months ago

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

Zacks Investment Research - 2 months ago

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

Insider Monkey - 2 months ago

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our i...

Business Wire - 2 months ago

CORK, Ireland--(BUSINESS WIRE)---- $CDNS #EDA--Cadence announced the opening of a new European R&D Centre of Excellence in Cork, Ireland, to expand local computational software development.

Business Wire - 2 months ago

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--Cadence has received four 2020 OIP Partner of the Year awards from TSMC for IP and EDA solutions.

Zacks Investment Research - 2 months ago

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

Zacks Investment Research - 2 months ago

Cadence's (CDNS) third-quarter 2020 performance was driven by continued strength witnessed in the company's digital & signoff solutions and Verification Suite along with expanding clientele.

Seeking Alpha - 2 months ago

Cadence Design Systems, Inc. (CDNS) CEO Lip-Bu Tan on Q3 2020 Results - Earnings Call Transcript

Invezz - 2 months ago

Cadence Design Systems Inc. (NASDAQ: CDNS) published its earnings report for the fiscal third quarter on Monday that highlighted its sales and profit to have jumped on the back of IP sales act...

Zacks Investment Research - 2 months ago

Cadence (CDNS) delivered earnings and revenue surprises of 14.75% and 4.05%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Investors Business Daily - 2 months ago

Electronics design software maker Cadence Design Systems late Monday beat Wall Street's targets for the third quarter. The earnings news drove CDNS stock higher in extended trading.

Benzinga - 2 months ago

Shares of Cadence Design Systems (NASDAQ:CDNS) rose 2.2% after the company reported Q3 results. Quarterly Results Earnings per share increased 29.63% year over year to $0.70, which beat the es...

Zacks Investment Research - 3 months ago

Cadence Design Systems (CDNS) third-quarter results are likely to reflect growing clout of Clarity 3D Solver and CloudBurst Platform offerings. However, stiff competition is a headwind.

Zacks Investment Research - 3 months ago

Top Chip Stocks To Watch As They Kickoff Q3 Earnings

Other stocks mentioned: AMD, AVGO, ERIC, INTC, LRCX, NVDA, QCOM, SNPS, SOXX, TSM, XLNX
Business Wire - 3 months ago

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--Cadence announced that Great Place to Work and Fortune magazine honored the company as one of the 2020 World’s Best Workplaces for the fifth t...

Investopedia - 3 months ago

These are the robotics stocks with the best value, fastest growth, and most momentum for October 2020.

Other stocks mentioned: ABB, BRKS, HLX, HOLI, IRBT, NUAN, SBGSY
Zacks Investment Research - 3 months ago

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.

Business Wire - 3 months ago

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--The Cadence Pegasus Verification System achieved the latest Design Rule Manual (DRM) certification for the TSMC N16, N12 and N7 process techno...

Business Wire - 3 months ago

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--Cadence announced the availability of a complete, silicon-proven Cadence IP supporting the DDR5 and LPDDR5 DRAM memory standards on TSMC's N5 ...

Business Wire - 3 months ago

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--Cadence IP for GDDR6 is silicon proven on TSMC’s N6, immediately available on both N6 and N7 and forthcoming for TSMC N5 process technologies.

Zacks Investment Research - 3 months ago

In the backdrop of 5G and cloud computing boom, semiconductor manufacturers are looking to design AI-embedded robust inference chips. Here, we have shortlisted six chip stocks that are poised ...

Other stocks mentioned: AEIS, AMAT, KEYS, SNPS, TSM
Business Wire - 3 months ago

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--Cadence announced a collaboration with GF that resulted in the availability of a Mixed-Signal OpenAccess PDK that supports GF's 22FDX platform.

Forbes - 3 months ago

Stocks cheered several catalysts and the Dow opened the day firmly in the green. Nasdaq and big tech however lagged.

Other stocks mentioned: HZO, MEI, TSN, V
Zacks Investment Research - 4 months ago

ROE helps investors distinguish profit-generating companies from profit burners and is useful in determining the financial health of a company.

Other stocks mentioned: BBY, KLAC, LRCX, TROW
Zacks Investment Research - 4 months ago

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

Zacks Investment Research - 4 months ago

A closer look at yesterday's trading pattern revealed that it was profit booking and not any major economic, financial or political factor that led to a meltdown.

Other stocks mentioned: AAPL, CRM, SHOP, ZM
Investors Business Daily - 4 months ago

Investing Strategies: One-On-One With Cadence CEO; Analysis Of Blank Check IPOs, Large Cap Tech

Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and busin...

Zacks Investment Research - 4 months ago

ROE helps investors distinguish profit-generating companies from profit burners and is useful in determining the financial health of a company.

Other stocks mentioned: BBY, KLAC, LRCX, TROW
Business Wire - 4 months ago

Sandhya Venkateshan, vice president, Finance and Alan Lindstrom, senior group director, Investor Relations, Cadence Design Systems, Inc. (Nasdaq: CDNS).

InvestorPlace - 4 months ago

19 S&P 500 stocks are up more than 50% year to date through Aug. 19. A total of 24 are down 50%.

Other stocks mentioned: ABMD, CARR, COTY, DAL, FANG, PYPL, RCL, TSCO, WFC
Zacks Investment Research - 4 months ago

Cadence's (CDNS) new IP solutions support its Intelligent System Design strategy, which augments system-on-chip (SoC) design expertise.

Business Wire - 4 months ago

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--Cadence announced that its digital full flow and custom tool suite has been optimized for TSMC’s 3nm (N3) process technology.

Business Wire - 4 months ago

SAN JOSE, Calif.--(BUSINESS WIRE)--#Cadence announced UltraLink D2D PHY IP availability on TSMC N7, N6 and N5 processes, enabling multi-die designs for hyperscale computing, AI and 5G.

Zacks Investment Research - 4 months ago

The rapid adoption of Cadence Design Systems' (CDNS) Verification Suite, which includes the Palladium Z1 platform, bodes well for the long haul.

Zacks Investment Research - 4 months ago

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

About CDNS

Cadence Design Systems 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 emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products; physical implementation tools, including... [Read more...]

Industry
Software-Application
IPO Date
Jun 10, 1987
CEO
Lip-Bu Tan
Employees
8,100
Stock Exchange
NASDAQ
Ticker Symbol
CDNS
Full Company Profile

Financial Performance

In 2019, CDNS's revenue was $2.34 billion, an increase of 9.27% compared to the previous year's $2.14 billion. Earnings were $988.98 million, an increase of 186.02%.

Financial Statements

Analyst Forecasts

According to 15 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is 126.26, which is a decrease of -6.22% from the latest price.

Price Target
$126.26
(-6.22% downside)
Analyst Consensus: Buy