Cadence Design Systems Inc. (CDNS)

$278.22

+0.56

(+0.2%)▲

Live

Insights on Cadence Design Systems Inc.

  • Decreasing Revenue

    Revenue is down for the last 2 quarters, 1.06B → 1.00B (in $), with an average decrease of 5.6% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 2 quarters, 323.89M → 247.64M (in $), with an average decrease of 23.5% per quarter

  • Vs UBER

    In the last 1 year, Uber Technologies, Inc. has given 134.4% return, outperforming this stock by 98.2%

Performance

  • $273.68
    $279.49
    $278.22
    downward going graph

    1.63%

    Downside

    Day's Volatility :2.08%

    Upside

    0.45%

    downward going graph
  • $198.92
    $327.36
    $278.22
    downward going graph

    28.5%

    Downside

    52 Weeks Volatility :39.24%

    Upside

    15.01%

    downward going graph

Returns

PeriodCadence Design Systems Inc.Sector (Technology)Index (NASDAQ Composite)
3 Months
-4.65%
-3.0%
1.3%
6 Months
20.18%
21.3%
22.6%
1 Year
36.17%
37.5%
33.2%
3 Years
92.51%
38.8%
12.1%

Highlights

Market Capitalization
76.8B
Book Value
$13.23
Earnings Per Share (EPS)
3.83
PE Ratio
73.57
PEG Ratio
2.84
Wall Street Target Price
330.81
Profit Margin
25.68%
Operating Margin TTM
24.8%
Return On Assets TTM
13.79%
Return On Equity TTM
32.17%
Revenue TTM
4.1B
Revenue Per Share TTM
15.14
Quarterly Revenue Growth YOY
-1.2%
Gross Profit TTM
3.2B
EBITDA
1.4B
Diluted Eps TTM
3.83
Quarterly Earnings Growth YOY
0.02
EPS Estimate Current Year
5.94
EPS Estimate Next Year
6.97
EPS Estimate Current Quarter
1.13
EPS Estimate Next Quarter
1.43

Analyst Recommendation

Buy
    90%Buy
    9%Hold
    0
    0%Sell
Based on 21 Wall street analysts offering stock ratings for Cadence Design Systems Inc.(by analysts ranked 0 to 5 stars)
Based on 21 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
19
19
19
Hold
2
2
3
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 18.9%

Current $278.22
Target $330.81

Company Financials

FY18Y/Y Change
Revenue
2.1B
↑ 10.04%
Net Income
345.8M
↑ 69.41%
Net Profit Margin
16.17%
↑ 5.67%
FY19Y/Y Change
Revenue
2.3B
↑ 9.27%
Net Income
989.0M
↑ 186.02%
Net Profit Margin
42.33%
↑ 26.16%
FY20Y/Y Change
Revenue
2.7B
↑ 14.83%
Net Income
590.6M
↓ 40.28%
Net Profit Margin
22.02%
↓ 20.31%
FY21Y/Y Change
Revenue
3.0B
↑ 11.38%
Net Income
696.0M
↑ 17.83%
Net Profit Margin
23.29%
↑ 1.27%
FY22Y/Y Change
Revenue
3.6B
↑ 19.19%
Net Income
849.0M
↑ 21.98%
Net Profit Margin
23.84%
↑ 0.55%
FY23Y/Y Change
Revenue
4.1B
↑ 14.83%
Net Income
1.0B
↑ 22.64%
Net Profit Margin
25.46%
↑ 1.62%
Q4 FY22Q/Q Change
Revenue
899.9M
↓ 0.3%
Net Income
240.4M
↑ 29.03%
Net Profit Margin
26.71%
↑ 6.07%
Q1 FY23Q/Q Change
Revenue
1.0B
↑ 13.54%
Net Income
241.8M
↑ 0.59%
Net Profit Margin
23.67%
↓ 3.04%
Q2 FY23Q/Q Change
Revenue
976.6M
↓ 4.42%
Net Income
221.1M
↓ 8.55%
Net Profit Margin
22.64%
↓ 1.03%
Q3 FY23Q/Q Change
Revenue
1.0B
↑ 4.76%
Net Income
254.3M
↑ 15.01%
Net Profit Margin
24.86%
↑ 2.22%
Q4 FY23Q/Q Change
Revenue
1.1B
↑ 4.45%
Net Income
323.9M
↑ 27.36%
Net Profit Margin
30.31%
↑ 5.45%
Q1 FY24Q/Q Change
Revenue
1.0B
↓ 5.57%
Net Income
247.6M
↓ 23.54%
Net Profit Margin
24.54%
↓ 5.77%
FY18Y/Y Change
Total Assets
2.5B
↑ 2.06%
Total Liabilities
1.2B
↓ 17.44%
FY19Y/Y Change
Total Assets
3.4B
↑ 35.99%
Total Liabilities
1.3B
↑ 6.28%
FY20Y/Y Change
Total Assets
4.0B
↑ 17.68%
Total Liabilities
1.5B
↑ 16.22%
FY21Y/Y Change
Total Assets
4.4B
↑ 11.02%
Total Liabilities
1.6B
↑ 12.89%
FY22Y/Y Change
Total Assets
5.1B
↑ 17.12%
Total Liabilities
2.4B
↑ 45.35%
FY23Y/Y Change
Total Assets
5.7B
↑ 10.36%
Total Liabilities
2.3B
↓ 5.3%
Q4 FY22Q/Q Change
Total Assets
5.1B
↑ 3.4%
Total Liabilities
2.4B
↑ 5.84%
Q1 FY23Q/Q Change
Total Assets
5.2B
↑ 0.67%
Total Liabilities
2.2B
↓ 6.74%
Q2 FY23Q/Q Change
Total Assets
5.2B
↓ 0.32%
Total Liabilities
2.2B
↑ 0.71%
Q3 FY23Q/Q Change
Total Assets
5.4B
↑ 5.36%
Total Liabilities
2.3B
↑ 3.15%
Q4 FY23Q/Q Change
Total Assets
5.7B
↑ 4.38%
Total Liabilities
2.3B
↓ 2.26%
Q1 FY24Q/Q Change
Total Assets
5.7B
↑ 0.93%
Total Liabilities
2.2B
↓ 4.89%
FY18Y/Y Change
Operating Cash Flow
604.8M
↑ 28.47%
Investing Cash Flow
-173.8M
↓ 9.08%
Financing Cash Flow
-567.9M
↑ 709.64%
FY19Y/Y Change
Operating Cash Flow
729.6M
↑ 20.64%
Investing Cash Flow
-105.7M
↓ 39.19%
Financing Cash Flow
-443.9M
↓ 21.84%
FY20Y/Y Change
Operating Cash Flow
904.9M
↑ 24.03%
Investing Cash Flow
-292.2M
↑ 176.38%
Financing Cash Flow
-415.3M
↓ 6.44%
FY21Y/Y Change
Operating Cash Flow
1.1B
↑ 21.66%
Investing Cash Flow
-293.0M
↑ 0.27%
Financing Cash Flow
-643.8M
↑ 55.02%
FY22Y/Y Change
Operating Cash Flow
1.2B
↑ 12.8%
Investing Cash Flow
-738.6M
↑ 152.13%
Financing Cash Flow
-657.0M
↑ 2.06%
Q4 FY22Q/Q Change
Operating Cash Flow
263.6M
↓ 16.86%
Investing Cash Flow
-64.2M
↓ 89.4%
Financing Cash Flow
-357.2M
↓ 213.93%
Q1 FY23Q/Q Change
Operating Cash Flow
267.4M
↑ 1.43%
Investing Cash Flow
-35.7M
↓ 44.42%
Financing Cash Flow
-197.4M
↓ 44.74%
Q2 FY23Q/Q Change
Operating Cash Flow
413.8M
↑ 54.74%
Investing Cash Flow
-94.1M
↑ 163.71%
Financing Cash Flow
-354.3M
↑ 79.5%
Q3 FY23Q/Q Change
Operating Cash Flow
395.9M
↓ 4.32%
Investing Cash Flow
-183.8M
↑ 95.42%
Financing Cash Flow
-114.4M
↓ 67.72%

Technicals Summary

Sell

Neutral

Buy

Cadence Design Systems Inc. is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Cadence Design Systems Inc.
Cadence Design Systems Inc.
-12.19%
20.18%
36.17%
92.51%
311.41%
Shopify Inc.
Shopify Inc.
-7.86%
49.02%
55.53%
-38.03%
230.0%
Uber Technologies, Inc.
Uber Technologies, Inc.
-12.66%
63.78%
134.4%
20.4%
66.85%
Servicenow, Inc.
Servicenow, Inc.
-3.66%
40.76%
68.74%
33.45%
186.27%
Salesforce Inc
Salesforce Inc
-9.76%
40.16%
44.85%
17.3%
69.35%
Intuit Inc.
Intuit Inc.
-0.56%
31.56%
51.37%
51.93%
140.86%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Cadence Design Systems Inc.
Cadence Design Systems Inc.
73.57
73.57
2.84
5.94
0.32
0.14
NA
13.23
Shopify Inc.
Shopify Inc.
733.5
733.5
1.12
1.03
0.02
0.01
NA
7.05
Uber Technologies, Inc.
Uber Technologies, Inc.
79.29
79.29
1.51
1.36
0.2
0.02
NA
5.43
Servicenow, Inc.
Servicenow, Inc.
87.69
87.69
2.89
13.23
0.27
0.03
NA
37.26
Salesforce Inc
Salesforce Inc
65.72
65.72
1.58
8.2
0.07
0.04
0.01
61.43
Intuit Inc.
Intuit Inc.
64.51
64.51
1.82
16.41
0.17
0.08
0.01
60.38
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Cadence Design Systems Inc.
Cadence Design Systems Inc.
Buy
$76.8B
311.41%
73.57
25.68%
Shopify Inc.
Shopify Inc.
Buy
$94.4B
230.0%
733.5
1.87%
Uber Technologies, Inc.
Uber Technologies, Inc.
Buy
$143.6B
66.85%
79.29
5.06%
Servicenow, Inc.
Servicenow, Inc.
Buy
$152.2B
186.27%
87.69
19.3%
Salesforce Inc
Salesforce Inc
Buy
$268.4B
69.35%
65.72
11.87%
Intuit Inc.
Intuit Inc.
Buy
$176.6B
140.86%
64.51
18.35%

Institutional Holdings

  • BlackRock Inc

    11.22%

  • Vanguard Group Inc

    8.99%

  • State Street Corporation

    4.28%

  • Massachusetts Financial Services Company

    3.93%

  • FMR Inc

    3.57%

  • Jennison Associates LLC

    2.43%

Company Information

cadence is a leading provider of eda and semiconductor ip. our custom/analog tools help engineers design the transistors, standard cells, and ip blocks that make up socs. our digital tools automate the design and verification of giga-scale, giga-hertz socs at the latest semiconductor processing nodes. our ic packaging and pcb tools permit the design of complete boards and subsystems. cadence also offers a growing portfolio of design ip and verification ip for memories, interface protocols, analog/mixed-signal components, and specialized processors. and reaching up to the systems level, cadence offers an integrated suite of hardware/software co-development platforms. in short, cadence® technology helps customers build great products that connect the world.

Organization
Cadence Design Systems Inc.
Employees
11200
CEO
Dr. Anirudh Devgan Ph.D.
Industry
Electronic Technology

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