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Cadence Design Systems, Inc. (CDNS)

NASDAQ: CDNS · IEX Real-Time Price · USD
178.36 -5.11 (-2.79%)
Nov 26, 2021 1:00 PM EST - Market closed
Market Cap49.43B
Revenue (ttm)2.98B
Net Income (ttm)693.11M
Shares Out277.14M
EPS (ttm)2.48
PE Ratio71.92
Forward PE52.63
Dividendn/a
Ex-Dividend Daten/a
Volume905,156
Open187.80
Previous Close183.47
Day's Range177.14 - 185.31
52-Week Range109.20 - 188.60
Beta1.07
AnalystsBuy
Price Target175.42 (-1.6%)
Earnings Daten/a

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...

IndustrySoftware
IPO DateJun 10, 1987
CEOLip-Bu Tan
Employees8,800
Stock ExchangeNASDAQ
Ticker SymbolCDNS
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 Forecast

According to 15 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is 175.42, which is a decrease of -1.65% from the latest price.

Price Target
$175.42
(-1.65% downside)
Analyst Consensus: Buy

News

Why Is Cadence (CDNS) Up 5% Since Last Earnings Report?

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

3 days ago - Zacks Investment Research

Looking for a Growth Stock? Why It is Time to Focus on Cadence (CDNS)

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 days ago - Zacks Investment Research

Cadence's Anirudh Devgan and John Wall to Present at the 45th Nasdaq Investor Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the 45th Nasdaq Investor Conference

1 week ago - Business Wire

Cadence's Anirudh Devgan and John Wall to Present at the Wells Fargo TMT Summit

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the Wells Fargo TMT Summit on December 1, 2021

1 week ago - Business Wire

Cadence Integrity 3D-IC Platform Qualified by Samsung Foundry for Native 3D Partitioning Flow on 5LPE Design Stack

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Samsung Foundry has qualified the Cadence® Integrity™ 3D-IC platform's 2D-to-3D native 3D partitioning flow.

1 week ago - Business Wire

Samsung Foundry Adopts Cadence Liberate Trio Characterization Suite for 3nm Production Library

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Samsung Foundry successfully used the Liberate™ Trio Characterization Suite to deliver 3nm production libraries.

1 week ago - Business Wire

Samsung Foundry Adopts New Tempus SPICE-Accurate Aging Analysis for High-Reliability Applications

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Samsung Foundry deployed the Cadence® Tempus™ Timing Signoff Solution featuring a SPICE-accurate aging analysis capability.

1 week ago - Business Wire

Cadence Wins Four 2021 TSMC OIP Partner of the Year Awards, Featuring Key Advancements in 3DFabric Design and Cloud-B...

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced it has won four Open Innovation Platform® (OIP) Partner of the Year awards from TSMC for their core EDA, IP and systems solutions.

2 weeks ago - Business Wire

Cadence's Anirudh Devgan and John Wall to Present at the Berenberg US CEO Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the Berenberg US CEO Conference

3 weeks ago - Business Wire

Top Stock Picks for Week of November 1, 2021

A Company for Investors Focused on the Computer and Tech Space and a Leading Provider of Modern Business Software.

Other symbols:CRM
3 weeks ago - Zacks Investment Research

Here's Why Cadence Design Systems (CDNS) is a Great Momentum Stock to Buy

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

3 weeks ago - Zacks Investment Research

Here is Why Growth Investors Should Buy Cadence (CDNS) Now

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

3 weeks ago - Zacks Investment Research

Cadence Extends Battery Life and Improves User Experience for Next-Generation Hearables, Wearables and Always-On Devices

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence Tensilica HiFi 1 DSP increases audio/voice performance and optimizes neural network capability in a small footprint with ultra-low energy.

4 weeks ago - Business Wire

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

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

1 month ago - Zacks Investment Research

Cadence Integrity 3D-IC Platform Supports TSMC 3DFabric™ Technologies for Advanced Multi-Chiplet Designs

SAN JOSE, Calif.--(BUSINESS WIRE)--The Cadence® Integrity™ 3D-IC platform, a platform for 3D-IC planning, implementation and system analysis, is enabled for TSMC 3DFabric™ technologies.

1 month ago - Business Wire

Cadence (CDNS) Beats on Q3 Earnings & Revenues, Raises View

Cadence's (CDNS) Q3 results benefit from broad based strength across all business segments.

1 month ago - Zacks Investment Research

Cadence Design Systems (CDNS) Q3 Earnings and Revenues Surpass Estimates

Cadence (CDNS) delivered earnings and revenue surprises of 6.67% and 1.53%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Recap: Cadence Design Systems Q3 Earnings

Cadence Design Systems (NASDAQ:CDNS) reported its Q3 earnings results on Monday, October 25, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

1 month ago - Benzinga

Cadence Reports Third Quarter 2021 Financial Results

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

1 month ago - Business Wire

Cadence Named to Newsweek's List of the Most Loved Workplaces for 2021

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems was featured in Newsweek's Most Loved Workplaces list for 2021, ranking at #7 among the top 100 companies.

1 month ago - Business Wire

Dodson's Parnassus Endeavor Fund Enters 2 New Positions, Trims a Top Holding

The Parnassus Endeavor Fund (Trades, Portfolio) released its third-quarter portfolio earlier this week, revealing potential value opportunities as supply chain disruptions and other economic headwinds c...

Other symbols:DFSMRKOMCPEPSCHWVMW
1 month ago - GuruFocus

Cadence Digital and Custom/Analog Flows Achieve the Latest TSMC N3 and N4 Certifications

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence digital and custom/analog flows have achieved certification for TSMC's N3 and N4 process technologies in support of the latest DRM.

1 month ago - Business Wire

Cadence Demonstrates IP Test Silicon for PCI Express 6.0 Specification on TSMC N5 Process

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the immediate availability of Cadence® IP supporting the PCI Express® (PCIe®) 6.0 specification on the TSMC N5 process.

1 month ago - Business Wire

Here's What to Expect Ahead of Cadence (CDNS) Q3 Earnings

Cadence's (CDNS) Q3 performance is likely to have benefited from its diversified product portfolio. Disruptions in supply chain owing to COVID-19 crisis might have been a headwind.

1 month ago - Zacks Investment Research

Fortune and Great Place to Work® Name Cadence One of the World's Best Workplaces™ in 2021, Ranking #17

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Fortune magazine and Great Place to Work have honored the company as one of the 2021 World's Best Workplaces for the sixth time

1 month ago - Business Wire