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Cadence Design Systems, Inc. (CDNS)

Stock Price: $109.16 USD -2.89 (-2.58%)
Updated Oct 26, 2020 3:21 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 30.45B
Revenue (ttm) 2.52B
Net Income (ttm) 1.08B
Shares Out 278.93M
EPS (ttm) 3.86
PE Ratio 28.28
Forward PE 39.22
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 26, 2020
Last Price $109.16
Previous Close $112.05
Change ($) -2.89
Change (%) -2.58%
Day's Open 110.31
Day's Range 108.11 - 112.22
Day's Volume 548,654
52-Week Range 51.39 - 118.22

More Stats

Market Cap 30.45B
Enterprise Value 29.84B
Earnings Date (est) Jan 28, 2021
Ex-Dividend Date n/a
Shares Outstanding 278.93M
Float 274.89M
EPS (basic) 3.93
EPS (diluted) 3.86
FCF / Share 3.06
Dividend n/a
Dividend Yield n/a
Earnings Yield 3.54%
FCF Yield 2.75%
Payout Ratio n/a
Shares Short 2.29M
Short Ratio 1.31
Short % of Float 0.83%
Beta 1.10
PE Ratio 28.28
Forward PE 39.22
P/FCF Ratio 36.34
PS Ratio 12.07
PB Ratio 12.73
Revenue 2.52B
Operating Income 569.47M
Net Income 1.08B
Free Cash Flow 837.87M
Net Cash 609.98M
Net Cash / Share 2.19
Gross Margin 82.06%
Operating Margin 22.58%
Profit Margin 42.70%
FCF Margin 33.22%
ROA 10.66%
ROE 55.55%
ROIC 40.20%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (16)

Buy 7
Overweight 1
Hold 7
Underweight 0
Sell 1

Analyst Consensus: Overweight

Price Target

$123.77*
(13.38% upside)
Low
106
Current: $109.16
High
135
Target: 123.77
*Average 12-month price target from 13 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue2,3362,1381,9431,8161,7021,5811,4601,3261,150936
Revenue Growth9.27%10.04%6.99%6.7%7.66%8.27%10.08%15.36%22.85%-
Gross Profit2,0701,8791,7061,5601,4641,3571,2601,135955780
Operating Income492396324245285207189212120-28.97
Net Income98934620420325215916444072.23127
Shares Outstanding273274272285288283278270264261
Earnings Per Share3.531.230.730.700.810.520.561.570.270.48
EPS Growth186.99%68.49%4.29%-13.58%55.77%-7.14%-64.33%481.48%-43.75%-
Operating Cash Flow730605471445378317368316240199
Capital Expenditures-74.61-61.50-57.90-52.79-44.81-39.81-44.93-35.97-31.42-33.88
Free Cash Flow655543413392333277323280209165
Cash & Equivalents7055336884687111,023633827605570
Total Debt346445729693343691325447426550
Net Cash / Debt35988.01-41.28-22536833130838017920.46
Assets3,3572,4692,4192,0972,3463,2102,4292,2871,7611,732
Liabilities1,2541,1801,4301,3559691,8761,2721,3721,3501,455
Book Value2,1031,2889897421,3761,3341,156915411277
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Cadence Design Systems, Inc.
Country United States
Employees 8,100
CEO Lip Bu Tan

Stock Information

Ticker Symbol CDNS
Stock Exchange NASDAQ
Sector Technology
Industry Software—Application
Unique Identifier NASDAQ: CDNS
IPO Date June 10, 1987

Description

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 place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system interconnect design products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was founded in 1988 and is headquartered in San Jose, California.