How to buy Cadence Design Systems shares

Cadence Design Systems shares have increased 1.71% from yesterday's closing price ($224.49). Learn how to easily invest in Cadence Design Systems shares in the UK.

Cadence Design Systems Inc (CDNS) is a publicly traded software-application business based in the US. On 25 May Cadence Design Systems shares leapt 10.22% to a closing position of $224.49. Over the last 12 months, Cadence Design Systems's share price has risen by 46.14% from $156.24. Cadence Design Systems is listed on the NASDAQ and employs 10,200 staff. All prices are listed in US Dollars.

How to buy shares in Cadence Design Systems

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: CDNS in this case.
  5. Research Cadence Design Systems shares. The platform should provide the latest information available.
  6. Buy your Cadence Design Systems 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.
Our top picks for where to buy Cadence Design Systems shares:

Best for

Beginner investments

IG Share Dealing image

Fees for buying 5x Cadence Design Systems shares with popular platforms

Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.

Platform Customer rating Platform fee Min. initial deposit Trading fee estimate
Freetrade logo ★★★★★ £0 - £9.99 No minimum £5.45
£929.96 total
Capital at risk
eToro Free Stocks logo ★★★★★ £0 $50 £4.62
£929.13 total
Capital at risk
IG Share Dealing logo ★★★★★ £0 £250 £12.76
£937.27 total
Capital at risk
CMC Invest share dealing account logo Not yet rated £0 No minimum £4.62
£929.13 total
Capital at risk
Hargreaves Lansdown Fund and Share Account logo ★★★★★ £0 £1 £21.20
£945.70 total
Capital at risk
Degiro Share Dealing logo ★★★★★ £0 No minimum £0.92
£925.43 total
Capital at risk

Full comparison of share dealing platforms

These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Alternative ways to invest in Cadence Design Systems

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.

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Invest in Cadence Design Systems shares

  • Start investing from $50
  • Pay no stamp duty on UK shares
  • Commission-free trading. Other fees may apply.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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 share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 68x. In other words, Cadence Design Systems shares trade at around 68x 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.

However, Cadence Design Systems's P/E ratio is best considered in relation to those of others within the software-application industry or those of similar companies.

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 share prices of multiple high-growth companies.

However, it's sensible to consider Cadence Design Systems's PEG ratio in relation to those of similar companies.

Cadence Design Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.2 billion (£0.0 million).

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

To put that into context you can compare it against similar companies.

What's Cadence Design Systems's ESG track record?

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.

Overall Cadence Design Systems ESG score

Cadence Design Systems's 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 01/01/2019) 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.).

To gain some more context, you can compare Cadence Design Systems's total ESG risk score against those of similar companies.

Cadence Design Systems's environmental score: 1.84/100

Cadence Design Systems's social score: 6.48/100

Cadence Design Systems's governance score: 3.4/100

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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