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How to buy Cadence Design Systems (CDNS) stocks in Canada

Learn how to easily invest in Cadence Design Systems stocks.

Cadence Design Systems

NASDAQ: CDNS-USD

About 3 hours ago

$281.76

-$3.26 (-1.14%)

Cadence Design Systems is a software - application business based in the US. Cadence Design Systems shares (CDNS.US) are listed on the NASDAQ and all prices are listed in US dollars. Its last market close was $285.02 – an increase of 1.7% over the previous day. Cadence Design Systems employs 11,200 staff and has a trailing 12-month revenue of around $4.1 billion.

How to buy shares in Cadence Design Systems

Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
Open your account. Provide your personal information and sign up.
Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
Search the platform for stock code: CDNS in this case.
Research stocks. The platform should provide the latest information available.
Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.

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Is it a good time to buy Cadence Design Systems stock?

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

Use our graph to track the performance of CDNS stocks over time.

Share price volatility

Over the last 12 months, Cadence Design Systems's shares have ranged in value from as little as $194.01 up to $327.36. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cadence Design Systems's is 1.032. This would suggest that Cadence Design Systems's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Historical closes compared with the last close of $285.02

1 week (2024-04-15)	-5.25%
1 month (2024-03-21)	-11.69%
3 months (2024-01-22)	-3.56%
6 months (2023-10-22)	18.80%
1 year (2023-04-20)	33.81%
2 years (2022-04-19)	81.39%
3 years (2021-04-22)	100.61%
5 years (2019-04-22)	327.32%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Is Cadence Design Systems under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Cadence Design Systems P/E ratio, PEG ratio and EBITDA

Cadence Design Systems's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 75x. In other words, Cadence Design Systems stocks trade at around 75x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Cadence Design Systems's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.8449. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cadence Design Systems's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Cadence Design Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.4 billion ($1.9 billion CAD).

The EBITDA is a measure of a Cadence Design Systems's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

Cadence Design Systems's shares were split on a 2:1 basis on 16 November 1997. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cadence Design Systems shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cadence Design Systems shares which in turn could have impacted Cadence Design Systems's share price.
It's as easy to sell Cadence Design Systems as it is to buy! Here's how to sell Cadence Design Systems stocks that you already own.
1. Open your investment app. If you've got one with desktop access, you can log in online
2. Go to your portfolio. This should be in the main menu
3. Find your shares. You may be able to search your portfolio
4. Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
5. Sell your Cadence Design Systems shares. Your investment platform will let you know when your shares are sold

Cadence Design Systems financials

Revenue TTM	$4.1 billion
Operating margin TTM	31.61%
Gross profit TTM	$3.2 billion
Return on assets TTM	14.74%
Return on equity TTM	33.86%
Profit margin	25.46%
Book value	$12.53
Market capitalisation	$77.9 billion

TTM: trailing 12 months

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