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 $234.30 – an increase of 0.12% over the previous day. Cadence Design Systems employs 10,200 staff and has a market cap (total outstanding shares value) of $62.7 billion.
How to buy shares in Cadence Design Systems
Choose a platform.If you're a beginner, our stock trading table 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.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.
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This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.
Is it a good time to buy Cadence Design Systems stock?
Only you can make the decision on the time to leap. 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.
Cadence Design Systems stock price (NASDAQ:CDNS)
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 $138.76 up to $248.16. 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 1.0335. 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 234.3
1 week (2023-09-22)
1.58%
1 month (2023-09-01)
-3.80%
3 months (2023-06-30)
-0.09%
6 months (2023-03-31)
11.52%
1 year (2022-09-30)
43.36%
2 years (2021-10-01)
53.13%
3 years (2020-10-01)
115.69%
5 years (2018-10-01)
419.97%
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Note: The dollar amounts in the table below are in Canadian dollars.
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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 73x. In other words, Cadence Design Systems stocks trade at around 73x 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 September 25, 2023 (21.29). 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 2.0722. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in 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 $1.2 billion ($1.7 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
We're not expecting Cadence Design Systems to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
Currently 0.926% of Cadence Design Systems shares are held by insiders and 92.181% by institutions.
Cadence Design Systems's fiscal year ends in December.
Cadence Design Systems's address is: Building 5, San Jose, CA, United States, 95134
Have Cadence Design Systems's shares ever split?
Cadence Design Systems's shares were split on a 2:1 basis on 17 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.
Open your investment app. If you've got one with desktop access, you can log in online
Go to your portfolio. This should be in the main menu
Find your shares. You may be able to search your portfolio
Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
Sell your Cadence Design Systems shares. Your investment platform will let you know when your shares are sold
Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
The easiest way to get hold of some Cadence Design Systems shares is to sign up for a stock trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Cadence Design Systems shares.
Cadence Design Systems financials
Revenue TTM
$3.8 billion
Operating margin TTM
29.03%
Gross profit TTM
$3.2 billion
Return on assets TTM
14.49%
Return on equity TTM
32.15%
Profit margin
23.41%
Book value
$10.70
Market capitalisation
$62.7 billion
TTM: trailing 12 months
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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