Cadence Design Systems 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 11,200 staff and has a trailing 12-month revenue of around $4.1 billion.
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| Latest market close | $258.38 |
|---|---|
| 52-week range | $217.77 - $328.99 |
| 50-day moving average | $302.82 |
| 200-day moving average | $287.21 |
| Wall St. target price | $330.20 |
| PE ratio | 72.9037 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | $3.84 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
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.
Historical closes compared with the close of $258.38 from 2024-07-25
| 1 week (2024-07-19) | -7.70% |
|---|---|
| 1 month (2024-06-26) | -16.47% |
| 3 months (2024-04-26) | -8.51% |
| 6 months (2024-01-26) | -11.13% |
| 1 year (2023-07-26) | 10.44% |
|---|---|
| 2 years (2022-07-26) | 51.32% |
| 3 years (2021-07-26) | 78.23% |
| 5 years (2019-07-26) | 240.38% |
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 73x. In other words, Cadence Design Systems shares trade at around 73x 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 2.8449. 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 $1.4 billion.
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 | $4.1 billion |
|---|---|
| Operating margin TTM | 25.69% |
| Gross profit TTM | $3.2 billion |
| Return on assets TTM | 13.86% |
| Return on equity TTM | 32.17% |
| Profit margin | 25.68% |
| Book value | $13.11 |
| Market Capitalization | $76.3 billion |
TTM: trailing 12 months
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 $217.77 up to $328.99. 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 1.033. 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 and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. 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 comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols.
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