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Cadence Design Systems Inc is a software-application business based in the US. Cadence Design Systems shares (CDNS) are listed on the NASDAQ and all prices are listed in US Dollars. Cadence Design Systems employs 8,800 staff and has a trailing 12-month revenue of around USD$2.9 billion.
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Since the stock market crash in March caused by coronavirus, Cadence Design Systems's stock price has had significant positive movement.
Its last market close was $167.61, which is 55.41% up on its pre-crash value of $74.73 and 226.15% up on the lowest point reached during the March crash when the stocks fell as low as $51.39.
If you had bought $1,000 worth of Cadence Design Systems stocks at the start of February 2020, those stocks would have been worth $766.96 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $2,301.29.
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|Latest market close||$167.61|
|52-week range||$97.45 - $168.61|
|50-day moving average||$154.19|
|200-day moving average||$138.23|
|Wall St. target price||$159.51|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$2.43|
|1 week (2021-09-10)||0.44%|
|1 month (2021-08-17)||12.05%|
|3 months (2021-06-17)||28.03%|
|6 months (2021-03-17)||30.45%|
|1 year (2020-09-17)||65.70%|
|2 years (2019-09-17)||148.86%|
|3 years (2018-09-17)||269.43%|
|5 years (2016-09-16)||591.75%|
Valuing Cadence Design Systems stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cadence Design Systems's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cadence Design Systems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 69x. In other words, Cadence Design Systems shares trade at around 69x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). 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 4.7303. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
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 share prices of multiple high-growth companies.
Cadence Design Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $901 million.
The EBITDA is a measure of a Cadence Design Systems's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$2.9 billion|
|Operating margin TTM||26.06%|
|Gross profit TTM||$2.4 billion|
|Return on assets TTM||11.6%|
|Return on equity TTM||28.43%|
|Market capitalisation||$46.4 billion|
TTM: trailing 12 months
There are currently 2.6 million Cadence Design Systems shares held short by investors – that's known as Cadence Design Systems's "short interest". This figure is 1.1% up from 2.6 million last month.
There are a few different ways that this level of interest in shorting Cadence Design Systems shares can be evaluated.
Cadence Design Systems's "short interest ratio" (SIR) is the quantity of Cadence Design Systems shares currently shorted divided by the average quantity of Cadence Design Systems shares traded daily (recently around 1.1 million). Cadence Design Systems's SIR currently stands at 2.47. In other words for every 100,000 Cadence Design Systems shares traded daily on the market, roughly 2470 shares are currently held short.
However Cadence Design Systems's short interest can also be evaluated against the total number of Cadence Design Systems shares, or, against the total number of tradable Cadence Design Systems shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cadence Design Systems's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Cadence Design Systems shares in existence, roughly 10 shares are currently held short) or 0.0096% of the tradable shares (for every 100,000 tradable Cadence Design Systems shares, roughly 10 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cadence Design Systems.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Cadence Design Systems.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 15.04
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Cadence Design Systems's overall score of 15.04 (as at 12/31/2018) is excellent – landing it in it in the 9th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Cadence Design Systems is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 1.84/100
Social score: 6.48/100
Governance score: 3.4/100
We're not expecting Cadence Design Systems to pay a dividend over the next 12 months.
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.
Over the last 12 months, Cadence Design Systems's shares have ranged in value from as little as $97.45 up to $168.61. 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 1.0246. 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).
Cadence Design Systems, Inc. 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 enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products, including Genus logic synthesis and RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; 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 design and analysis 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 to verify the correct interaction with dozens of design IP interface protocols.
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