$247.52
1.33% day before yesterday
Nasdaq, Sep 06, 10:00 pm CET
ISIN
US1273871087
Symbol
CDNS

Cadence Design Systems Stock price

$247.52
-12.28 4.73% 1M
-65.13 20.83% 6M
-24.85 9.12% YTD
+0.82 0.33% 1Y
+81.81 49.37% 3Y
+177.52 253.60% 5Y
+229.57 1,278.94% 10Y
Nasdaq, Closing price Fri, Sep 06 2024
-3.33 1.33%
ISIN
US1273871087
Symbol
CDNS
Sector

Key metrics

Market capitalization $67.78b
Enterprise Value $68.07b
P/E (TTM) P/E ratio 64.01
EV/FCF (TTM) EV/FCF 72.20
EV/Sales (TTM) EV/Sales 16.36
P/S ratio (TTM) P/S ratio 16.29
P/B ratio (TTM) P/B ratio 15.91
Revenue growth (TTM) Revenue growth 9.49%
Revenue (TTM) Revenue $4.16b
EBIT (operating result TTM) EBIT $1.19b
Free Cash Flow (TTM) Free Cash Flow $942.72m
Cash position $1.06b
EPS (TTM) EPS $3.87
P/E forward 61.78
P/S forward 14.65
EV/Sales forward 14.72
Short interest 1.35%
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Cadence Design Systems Stock Analysis

Analyst Opinions

17 Analysts have issued a Cadence Design Systems forecast:

12x Buy
71%
4x Hold
24%
1x Sell
6%

Analyst Opinions

17 Analysts have issued a Cadence Design Systems forecast:

Buy
71%
Hold
24%
Sell
6%

Financial data from Cadence Design Systems

Income Statement P&L | Balance Sheet | Cash Flow


Quarter TTM Annually
Jun '24
+/-
%
4,162 4,162
9% 9%
100%
- Direct Costs 500 500
19% 19%
12%
3,662 3,662
8% 8%
88%
- Selling and Administrative Expenses 823 823
6% 6%
20%
- Research and Development Expense 1,487 1,487
8% 8%
36%
1,352 1,352
10% 10%
32%
- Depreciation and Amortization 162 162
20% 20%
4%
EBIT (Operating Income) EBIT 1,190 1,190
9% 9%
29%
Net Profit 1,055 1,055
19% 19%
25%

In millions USD.

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Cadence Design Systems Stock News

Positive
Investors Business Daily
4 days ago
Multiple buy points have emerged.
Positive
Invezz
about one month ago
Cadence Design Systems Inc. (NASDAQ: CDNS) has experienced a notable downturn recently, dropping over 23% in the past month, yet analysts at Piper Sandler see this as an opportunity. Analysts remain optimistic Upgrading the stock from Neutral to Overweight, they've maintained a bullish $318 price target, suggesting a potential 25% upside.
Neutral
The Motley Fool
about one month ago
Cadence beat on revenue and adjusted earnings. Yet investors grew increasingly nervous about expensive AI stocks heading into the month.
More Cadence Design Systems News

Company Profile

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

Head office United States
CEO Anirudh Devgan
Employees 11,200
Founded 1988
Website www.cadence.com

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