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Cadence Design Systems Inc logo

CDNS - Cadence Design Systems Inc Share Price

$146.26 1.5  1.0%

Last Trade - 3:26pm

Sector
Technology
Size
Large Cap
Market Cap £29.41bn
Enterprise Value £28.98bn
Revenue £1.95bn
Position in Universe 317th / 6841
Bullish
Bearish
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Momentum
Relative Strength (%)
1m +10.7%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -2.88%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 02nd Jan 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
1,702 1,816 1,943 2,138 2,336 2,683 2,899 3,130 +9.5%
+48.6 -0.5 -50.5 +211.3 +181.2 -39.6 +40.5 +10.7
PEG
Profitability
ROA
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%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the fiscal year ended 02 January 2021, CadenceDesign Systems Inc revenues increased 15% to $2.68B. Netincome decreased 40% to $590.6M. Revenues reflect AsianCountries segment increase of 28% to $894M, United Statessegment increase of 12% to $1.1B. Net income was offset byResearch and development - Balancing increase of 11% to$908.7M (expense), Other Marketing and sales increase of 8%to $467.3M (expense).
Health Trend(F-Score)
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Safe
Earnings Manipulation Risk(M-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for CDNS
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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Consensus Estimate
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Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
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Profile Summary

Cadence Design Systems, Inc. provides solutions that enable its customers to design electronic products. The Company's product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP). Functional verification products are used to verify that the circuitry or the software designed to perform as intended. Digital IC design offerings are used to create representations of a digital circuit or an IC that can be verified for correctness prior to implementation. Custom IC design and verification offerings are used to create schematic and physical representations of circuits down to the transistor level for analog and memory designs. System Interconnect and Analysis offerings are used to develop printed circuit boards and IC packages. Design IP offerings consist of functional blocks, which customers integrate into their ICs for the development process.

Directors
Last Annual January 2nd, 2021
Last Interim January 2nd, 2021
Incorporated April 8, 1987
Public Since June 1, 1988
No. of Shareholders: 250,000
No. of Employees: 8,800
Sector Technology
Industry Software & IT Services
Index Nasdaq Composite , Nasdaq 100 , S&P 500 Information Technology (sector), S&P Composite 1500 , S&P 500 ,
Exchange NASDAQ Global Select Market
Shares in Issue 279,070,671
Free Float (0.0%)
Eligible for
ISAs
SIPPs
CDNS Share Price Performance
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Latest News for CDNS
Upcoming Events for CDNS
Monday 26th April, 2021
Q1 2021 Cadence Design Systems Inc Earnings Release
Monday 26th April, 2021
Q1 2021 Cadence Design Systems Inc Earnings Call
Friday 30th April, 2021 Estimate
Cadence Design Systems Inc Annual Shareholders Meeting
Thursday 6th May, 2021
Cadence Design Systems Inc Annual Shareholders Meeting
Monday 19th July, 2021 Estimate
Q2 2021 Cadence Design Systems Inc Earnings Release
Frequently Asked Questions for Cadence Design Systems Inc
What is the Cadence Design Systems Inc share price?

As of 3:26pm, shares in Cadence Design Systems Inc are trading at $146.26, giving the company a market capitalisation of £29.41bn. This share price information is delayed by 15 minutes.

How has the Cadence Design Systems Inc share price performed this year?

Shares in Cadence Design Systems Inc are currently trading at $146.26 and the price has moved by 0.102k% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Cadence Design Systems Inc price has moved by 35.16% over the past year.

What are the analyst and broker recommendations for Cadence Design Systems Inc?

Of the analysts with advisory recommendations for Cadence Design Systems Inc, there are there are currently 3 "buy" , 5 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Cadence Design Systems Inc is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Cadence Design Systems Inc next release its financial results?

Cadence Design Systems Inc is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2022-01-02
What is the Cadence Design Systems Inc dividend yield?

Cadence Design Systems Inc does not currently pay a dividend.

Does Cadence Design Systems Inc pay a dividend?

Cadence Design Systems Inc does not currently pay a dividend.

When does Cadence Design Systems Inc next pay dividends?

Cadence Design Systems Inc does not currently pay a dividend.

How do I buy Cadence Design Systems Inc shares?

To buy shares in Cadence Design Systems Inc you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Cadence Design Systems Inc?

Shares in Cadence Design Systems Inc are currently trading at $146.26, giving the company a market capitalisation of £29.41bn.

Where are Cadence Design Systems Inc shares listed? Where are Cadence Design Systems Inc shares listed?

Here are the trading details for Cadence Design Systems Inc:

Country of listing: United States
Exchange: NSQ
Ticker Symbol: CDNS
What kind of share is Cadence Design Systems Inc?

Based on an overall assessment of its quality, value and momentum, Cadence Design Systems Inc is currently classified as a High Flyer. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Cadence Design Systems Inc share price forecast 2021?

Shares in Cadence Design Systems Inc are currently priced at $146.26. At that level they are trading at 3.91% discount to the analyst consensus target price of 0.00.

Analysts covering Cadence Design Systems Inc currently have a consensus Earnings Per Share (EPS) forecast of 3.011 for the next financial year.

How can I tell whether the Cadence Design Systems Inc share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Cadence Design Systems Inc. Over the past six months, the relative strength of its shares against the market has been 4.43%. At the current price of $146.26, shares in Cadence Design Systems Inc are trading at 21.62% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Cadence Design Systems Inc PE Ratio?

The Cadence Design Systems Inc PE ratio based on its reported earnings over the past 12 months is 67.57. The shares are currently trading at $146.26.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Cadence Design Systems Inc?

Cadence Design Systems Inc's management team is headed by:

John Shoven - NEC
Susan Bostrom - IND
Lip-Bu Tan - CEO
Thomas Beckley - SVP
Mark Adams - IND
Anirudh Devgan - PRE
Neil Zaman - SVP
Surendra Mandava - SVP
John Wall - CFO
Chin-Chi Teng - SVP
Ita Brennan - IND
Lewis Chew - IND
Alinka Flaminia - SVP
Who are the major shareholders of Cadence Design Systems Inc?

Here are the top five shareholders of Cadence Design Systems Inc based on the size of their shareholding:

The Vanguard Group, Inc. Investment Advisor/Hedge Fund
Percentage owned: 11.41% (31.8m shares)
MFS Investment Management Investment Advisor/Hedge Fund
Percentage owned: 8.56% (23.9m shares)
BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 6.08% (17.0m shares)
State Street Global Advisors (US) Investment Advisor/Hedge Fund
Percentage owned: 4.26% (11.9m shares)
MFS International Intrinsic Value Portfolio Mutual Fund
Percentage owned: 3.85% (10.7m shares)
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