CDNS - Cadence Design Systems, Inc.
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 63.93 |
| Open | 67.52 |
| Bid | 0.00 x 1400 |
| Ask | 0.00 x 1000 |
| Day's Range | 65.94 - 69.77 |
| 52 Week Range | 51.39 - 80.40 |
| Volume | 2,332,714 |
| Avg. Volume | 2,234,082 |
| Market Cap | 19.495B |
| Beta (5Y Monthly) | 0.98 |
| PE Ratio (TTM) | 19.67 |
| EPS (TTM) | 3.53 |
| Earnings Date | Apr 19, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 80.38 |
Fair Value
Related Research
- Business Wire
Cadence Announces First Quarter 2020 Financial Results Webcast
Cadence Design Systems, Inc. (NASDAQ: CDNS) will hold its first quarter financial results webcast on Monday, April 20, 2020.
- Investopedia
Top Tech Stocks for April 2020
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world such as Apple Inc. (AAPL), Alphabet Inc. (GOOGL), and Microsoft Corp. (MSFT). Tech stocks, as represented by the Technology Select Sector SPDR ETF (XLK), have dramatically outperformed the broader market over the past 12 months, providing investors with a total return of 4.8% compared to the S&P 500's total return of -12.1%. These market performance numbers and the statistics in the tables below are as of March 17, 2020.
- Business Wire
Cadence Digital Full Flow Optimized to Deliver Improved Quality of Results with Up to 3X Faster Throughput
The Cadence digital full flow has been enhanced to further optimize power, performance and area (PPA) results across a variety of application areas.
- Simply Wall St.
What Is Cadence Design Systems's (NASDAQ:CDNS) P/E Ratio After Its Share Price Tanked?
To the annoyance of some shareholders, Cadence Design Systems (NASDAQ:CDNS) shares are down a considerable 31% in the...
- Business Wire
Cadence Elects Ita Brennan and Lewis Chew to Board of Directors
Cadence announced the election of Ita Brennan and Lewis Chew to its board of directors, effective March 15, 2020.
- Zacks
Why Is Cadence (CDNS) Down 28.2% Since Last Earnings Report?
Cadence (CDNS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Insider Monkey
Hedge Funds Have Never Been This Bullish On Cadence Design Systems (CDNS)
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we publish an article with the title "Recession is Imminent: We Need A Travel Ban NOW". We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- Business Wire
Cadence Tensilica HiFi IP Accelerates AI Deployment with Support for TensorFlow Lite for Microcontrollers
Cadence Tensilica HiFi DSPs support TensorFlow Lite for Microcontrollers for rapid development of edge AI/ML audio, voice and sensing applications.
- Business Wire
Cadence Collaborates with STMicroelectronics on Networking, Cloud and Data Center Electronics
Cadence and STMicroelectronics collaborate on SerDes for SoC targeting the networking, cloud and data center markets
- Simply Wall St.
A Close Look At Cadence Design Systems, Inc.’s (NASDAQ:CDNS) 19% ROCE
Today we'll evaluate Cadence Design Systems, Inc. (NASDAQ:CDNS) to determine whether it could have potential as an...
- Business Wire
Dover Microsystems and Cadence Partner to Deliver Secure Processing with Silicon-Layer Security for Mission-Critical Applications
Cadence and Dover Microsystems today announced a partnership to deliver a solution that allows for the development of secure processing.
- Business Wire
Cadence Announces Industry’s First Verification IP for PHY Covering Multiple Protocols
Cadence today announced the availability of the industry’s first Verification IP (VIP) for physical layer (PHY) verification.
- Business Wire
Cadence’s John Wall to Present at Berenberg Conference in New York
Cadence Design Systems, Inc. (Nasdaq: CDNS):
- Business Wire
Cadence’s Lip-Bu Tan to Present at Morgan Stanley Conference in San Francisco
Cadence Design Systems, Inc. (Nasdaq: CDNS):
- Investor's Business Daily
Synopsys Earnings Beat Views In First Quarter But Outlook Light
Chip design software maker Synopsys late Wednesday handily beat Wall Street's targets for its fiscal first quarter. But the Synopsys earnings guidance caused SNPS stock to waver late.
- TipRanks
These 2 High-Growth Software Stocks Are Just Getting Started, Says Analyst
Cloud computing, artificial intelligence, edge computing, AR/VR, autonomous vehicles - all technologies set to become more prominent as the new decade progresses. Each has one more thing in common: they all require software to act as the engine keeping them ticking along. Take this idea one step further and it stands to reason that the companies providing software solutions to the tech pioneers will benefit from the new paradigm.Baird analyst Joseph Vruwink recently pulled the trigger on 2 software stocks, initiating coverage on both. As Baird is ranked second on the list of Top Performing Research Firms, it’s worth taking heed when one of the firm’s analysts gets the ball rolling on a new stock.Furthermore, we ran both tickers through the Stock Screener tool at TipRanks to confirm that Baird is in the majority on Wall Street in recommending these equities. Here’s what you need to know about them.Synopsys (SNPS)Let’s start off with Synopsys, a company that provides software and intellectual property solutions for the design and testing of chips (integrated circuits) and computer systems. The company’s technology is present in self-driving cars, artificial intelligence, and Internet of Things (IoT) consumer products.Synopsys stock has been on an almost constant upward trajectory since 2016, culminating in 2019’s market beating 69% gain. The performance has stretched further into 2020, too; Synopsys’ share price is up by 17% year-to-date.Last year’s share price performance was reflected in its business operations, as well; in fiscal 2019, sales grew to $3.4 billion, compared to the previous year’s $3.1 billion. The company expects revenue for fiscal 2020 to come in at around $3.6 billion.Synopsys is the largest provider of Electronic Design Automation (EDA) tools in the US. EDA is a major component in chip development and its workflows, with the EDA industry’s growth closely aligned with broader semiconductor R&D growth. Following a lean year in 2019, R&D spending looks ready to ramp up again in 2020. As Synopsys is at the forefront of digital design and verification, and most of its clients are in the semiconductor industry, it stands to benefit from these development activities.Baird’s Joseph Vruwink highlights the company’s impressive 2019 and urges investors not to miss an “encore in 2020." Additionally, the analyst notes accelerating EDA growth, broadening IP opportunity and rising margins are reasons to remain positive on the stock.Vruwink said, “With customers set to accelerate R&D spend during 2020-21 and product innovation creating more avenues for secular growth, Synopsys is positioned to deliver attractive combination of revenue growth (HSD+) and margin expansion (500bp+ opportunity). We believe Fiscal 2020 through 2022 should see operating margin expand from ~25% toward ~30% as Synopsys leverages the significant investment in headcount and personnel-related costs (both organic and inorganic) that took place during recent years.”All of the above led Vruwink to initiate coverage on Synopsys with an Outperform rating along with a price target of $190. Should the target be met, investors stand to take home returns in the shape of 14%. (To watch Vruwink’s track record, click here)A full house of Buys – 10, in fact – provides the software designer with a Strong Buy consensus rating from the Street. The average price target comes in at $169.10 and indicates modest upside of 2%. (See Synopsys stock analysis on TipRanks)Cadence Design Systems (CDNS)Not to be outdone by Synopsys, fellow EDA software provider Cadence Design Systems has been beating the market, too. The company’s share price is up by 13% year-to-date and continues last year’s excellent performance (the stock rose by 63% in 2019). Investors were buoyed by Cadence’s innovative tech offering, solid financials and long-term growth prospects. Having said that, investors are not the only ones impressed with the San Jose-based company. For the sixth consecutive year, Cadence made Fortune’s list of 100 Best Companies to Work For.The company is also aiming for further expansion outside of its traditional EDA market. Using its technical capabilities, Cadence is pursuing solutions for hardware/software integration and system analysis, focusing on two areas in particular- simulation and embedded security. Vruwink points out that individually, each area has grown at a double digit rate this cycle and provides a multi-billion dollar TAM (total addressable market) opportunity. Add this to an EDA market expected to gain by high single digits, and the two form the basis for the company’s TAM expansion strategy over the next 5-10 years.Vruwink sees targeted IP growth, TAM expansion and acceleration in its core EDA business as key drivers for Cadence this year.The analyst said, “We believe the company is well positioned to outperform in 2020 through a combination of accelerating customer development activity (+ for EDA tools), strong IP momentum (including AI/ML, auto, communications) and continued success in growing system-level tools. We view valuation as reasonable in comparison to other design peers with potential for further re-rating as company executes on secular growth opportunity/ TAM expansion while sustaining strong profitability.”Bottom-line, then? Vruwink initiated coverage of Cadence with an Outperform rating. In addition, the analyst set the price target at $93, indicating potential upside of 16%.Out on the Street, Cadence’s Strong Buy consensus rating breaks down into 7 Buys and 2 Holds. With an average price target of $86.89, analysts expect the next 12 months to provide investors with 9% upside. (See Cadence stock analysis on TipRanks)
- American City Business Journals
Fortune's picks for best companies to work for include these 14 Bay Area businesses
The 14 big Bay Area companies that ranked among Fortune's best places to work included at least two that boasted of having a workforce of either more than 50 percent women or minorities.
- Business Wire
Cadence Named by Fortune and Great Place to Work as One of the 2020 Fortune 100 Best Companies to Work For
Cadence today announced that Fortune and Great Place to Work have named Cadence 82 on the 2020 Fortune 100 Best Companies to Work For list.
- Thomson Reuters StreetEvents
Edited Transcript of CDNS earnings conference call or presentation 12-Feb-20 10:00pm GMT
Q4 2019 Cadence Design Systems Inc Earnings Call
- Business Wire
Cadence Furthers Expansion in 5G RF Communications with Acquisition of Integrand
Cadence has acquired Integrand Software to further accelerate innovation in the 5G RF communications space.
- Zacks
Cadence (CDNS) Q4 Earnings Miss Estimates, Revenues Rise Y/Y
Cadence's (CDNS) fourth-quarter 2019 results benefit from portfolio strength, robust adoption of its solutions and an expanded customer base.
- Investor's Business Daily
Dow Jones Futures Fall As Coronavirus Cases Spike: Alibaba Earnings Top, Tesla Stock Dives On Offering
Dow futures fell as coronavirus cases soared in China's Hubei province. Alibaba earnings topped, leading key earnings movers. Tesla stock dived on a $2 billion share offering.
- Zacks
Cadence Design Systems (CDNS) Beats Q4 Earnings and Revenue Estimates
Cadence (CDNS) delivered earnings and revenue surprises of 1.89% and 0.52%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Investor's Business Daily
Cadence Design Systems Edges Fourth-Quarter Targets, Gives Mixed Outlook
Chip design software maker Cadence Design Systems late Wednesday edged Wall Street's targets for the fourth quarter. The earnings report pushed CDNS stock lower in extended trading.
