Looking for Sentiment Analysis? Discover the most popular stocks on Reddit by using our Sentiment Tracker
Market Cap 62.17B P/E 71.04 EPS this Y 15.30% Ern Qtrly Grth 2.40%
Income 1.05B Forward P/E 39.17 EPS next Y 17.30% 50D Avg Chg -1.00%
Sales 4.08B PEG 2.81 EPS past 5Y 22.66% 200D Avg Chg 17.00%
Dividend N/A Price/Book 21.38 EPS next 5Y 17.05% 52W High Chg -8.00%
Recommedations 1.90 Quick Ratio 0.96 Shares Outstanding 272.60M 52W Low Chg 65.00%
Insider Own 0.81% ROA 13.79% Shares Float 267.01M Beta -
Inst Own 91.33% ROE 32.17% Shares Shorted/Prior 2.75M/2.44M Price 228.74
Gross Margin 89.31% Profit Margin 25.68% Avg. Volume 2,010,050 Target Price 330.81
Oper. Margin 24.80% Earnings Date Jul 22 Volume 1,396,005 Change -2.09%
About Cadence Design Systems, Inc.

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. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

Cadence Design Systems, Inc. News
04/23/24 These Stocks Moved the Most Today: General Motors, GE Aerospace, Spotify, JetBlue, Xerox, Tesla, UPS, Danaher, and More
04/23/24 Stock Laggards Tuesday: JetBlue, PepsiCo, Nucor
04/23/24 Cadence (CDNS) Q1 Earnings Top Estimates, Revenues Down Y/Y
04/23/24 Q1 2024 Cadence Design Systems Inc Earnings Call
04/23/24 Declining Stock and Solid Fundamentals: Is The Market Wrong About Cadence Design Systems, Inc. (NASDAQ:CDNS)?
04/23/24 Cadence Design Systems Inc (CDNS) Q1 2024 Earnings Call Transcript Highlights: Robust Financial ...
04/22/24 Cadence Design Systems Inc (CDNS) Q1 2024 Earnings Overview: Aligns with EPS Projections, ...
04/22/24 Cadence Design Systems Stock Drops On Weak Q2 Guidance
04/22/24 Cadence Design Systems (CDNS) Q1 Earnings Top Estimates
04/22/24 Cadence Earnings Edge Past Estimates. Guidance Is Hurting the Stock.
04/22/24 Cadence Design Systems Q1 Non-GAAP Earnings, Sales Decline; Shares Slump After Hours
04/22/24 Cadence Design Systems First-Quarter Results Decline, Second-Quarter Guidance Misses Views
04/22/24 Cadence (NASDAQ:CDNS) Misses Q1 Sales Targets, Stock Drops
04/22/24 Cadence Reports First Quarter 2024 Financial Results
04/22/24 Down -13.17% in 4 Weeks, Here's Why Cadence (CDNS) Looks Ripe for a Turnaround
04/21/24 Cadence Earnings: What To Look For From CDNS
04/19/24 2 Top Rated Stocks to Watch for EPS Growth as Earnings Approach
04/19/24 ¡Felicidades! To Cadence's 2023 Latinx Students in Technology Scholarship Recipients
04/19/24 Possible Bearish Signals With Cadence Design Systems Insiders Disposing Stock
04/19/24 The Zacks Analyst Blog Highlights Vertiv, Meta Platforms, Cadence Design Systems, Itron and Silicon Motion Technology
CDNS Chatroom

User Image Stockwaveinsights Posted - 37 minutes ago

Markets,$CDNS,$MTTR,$SAP https://www.stockwaveinsights.com/exploring-the-technological-frontier-sap-cadence-design-systems-and-matterport-l

User Image BullcaseDan Posted - 7 hours ago

$CDNS You know when they say, stocks takes stairs to go up but elevator to go down. I would argue this one took the parachute down. Wtf!?

User Image investtrade13 Posted - 10 hours ago

$CDNS seems like no growth was already in the valuation at this point, or else this has another 40 bucks to drop.

User Image jo51 Posted - 12 hours ago

$CDNS bears are gone…

User Image ChaChaCharts Posted - 12 hours ago

$CDNS green soon

User Image Jack90 Posted - 14 hours ago

$CDNS $NVDA $SMCI All AI bubbles

User Image cubie Posted - 14 hours ago

$CDNS wasn't this $260 yesterday 😅, $255s was d low actually

User Image vu_jade Posted - 14 hours ago

$CDNS like I said after they reported.. name will be up today

User Image Jack90 Posted - 15 hours ago

$NVDA adding short, Looking $ASML $TSM $CDNS earnings, AI chip selling cooling

User Image Realtrader77 Posted - 15 hours ago

$CDNS sell and exit. Trading at 16x sales 55x earnings with projected sales below estimates and profit margin 4 basis points down compared to last year doesn’t bode well. Don’t believe in inflated PT by scam analysts. 230-240 coming.

User Image Jack90 Posted - 15 hours ago

$ASML. Give e-beam lithography tool $TSM use ASML tool to make AI chip $CDNS, $SNPS, all give software to design NVDA chip All show bad earnings crash, what’s next for $NVDA ?

User Image Jack90 Posted - 16 hours ago

$ASML, $TSM, $CDNS all crashed at earnings, All support to $NVDA, that’s NVDA crash next

User Image PanicSeller8 Posted - 16 hours ago

$CDNS Was briefly low 260s premarket. Surprising turnaround.

User Image investtrade13 Posted - 16 hours ago

$CDNS no growth and 77B mkt cap, makes perfect sense

User Image ChaChaCharts Posted - 16 hours ago

$CDNS damn near green

User Image ATMcharts Posted - 16 hours ago

There are headlines all over that $CDNS cut their guide. They bumped the '24 guide higher, cut Q2. Just an FYI as the stock is about to open near the 200 day MA

User Image DEXWireNews Posted - 16 hours ago

$CDNS https://www.tradingview.com/chart/CDNS/eagTsItJ-Cadence-Design-Systems-Stock-Slides-On-Weak-Q2-Guidance/eagTsItJ

User Image briefingcom Posted - 17 hours ago

$CDNS: Cadence Design (-6.3%) beats by $0.04, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; guides FY24 EPS in-line, revs in-line

User Image Nikotes Posted - 18 hours ago

$CDNS If you stick to the Q2 guidance you are missing again the LT opportunity and industry tailwinds. Reminds of ASML reaction. Just read the Call transcript and look at that record backlog, 6B$. This comment by CEO sums it up: "Long-term trends of hyperscale computing, autonomous driving, and 5G, all turbocharged by AI super-cycle, are fueling strong broad-based design activity."

User Image EderT Posted - 18 hours ago

$CDNS cramer, the worlds best investor and smartest american, telling you to sell this terrible company, better do as he listens and go short if you are american

User Image erevnon Posted - 19 hours ago

Needham reiterates Cadence Design Sys $CDNS at Buy and maintains a price target of https://marketsblock.com/stock-upgrades-and-downgrades/

User Image Stockwaveinsights Posted - 19 hours ago

Markets,$CDNS https://www.stockwaveinsights.com/cadence-design-systems-a-detailed-overview-of-q1-2024-performance-and-future-outlook/

User Image erevnon Posted - 20 hours ago

Piper Sandler maintains Cadence Design Sys $CDNS at Neutral and lowers the price target from $334 to https://marketsblock.com/stock-upgrades-and-downgrades/

User Image EderT Posted - 21 hours ago

$CDNS support trend reached pre market. Trend appears good

User Image o_0_O_0_o Posted - 21 hours ago

$NVDA I’m not sure what to make of $CDNS post-earnings price drop. I’m just discovering yesterday that they even exist. Whatever it is that they do is very fancy pants, so I still dont understand it all that well. What I can gather from them is that they are recording record bookings, this is supposed to be a good thing, yes? That and everything they have to say about their AI related opportunity sounds VERY optimistic. That is about the best I can make of all that. Nothing in their earnings sounded negative for us at NVIDIA. If anything, whatever activities they have related with us sound very good to me! 🏆 👍 🚀

User Image chuckjackson Posted - 22 hours ago

$CDNS the facts: reported Q1 $1.17 vs $1.13 est, Q2 forecast $1.22 vs $1.43 est, FY24 $5.93 forecast vs $5.94 est. FY24 P/E at 44 with stock at $259

User Image drknmstr01 Posted - 22 hours ago

$CDNS finally coming down, lets get some buys ready 🍻

User Image EderT Posted - 23 hours ago

$CDNS wonderful news, I'm buying all dips here

User Image lamiejiv Posted - 1 day ago

$CDNS $CLF $GL $SPY $TSLA the two of you have no fkn idea what you’re talking about.

User Image Stocktwits Posted - 1 day ago

$CDNS chip maker tumbling in the after-hours today after posting weak quarterly guidance, should the other chip makers like $NVDA be concerned here?

Analyst Ratings
Needham Buy Apr 23, 24
Piper Sandler Neutral Apr 23, 24
Rosenblatt Neutral Apr 22, 24
Baird Outperform Apr 19, 24
Needham Buy Apr 19, 24
Baird Outperform Apr 18, 24
Wells Fargo Overweight Apr 16, 24
Keybanc Overweight Apr 15, 24
Piper Sandler Neutral Apr 4, 24
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
ZAMAN ANEEL Sr. Vice President Sr. Vice President Feb 02 Sell 290.75 78 22,678 63,541 02/06/24
Cunningham Paul Sr. Vice President Sr. Vice President Feb 01 Sell 289.50 1,000 289,500 85,441 02/05/24
Nisewaner Karna SVP & General Counse.. SVP & General Counsel Feb 01 Sell 289.50 600 173,700 18,534 02/05/24
SANGIOVANNI VINCENTELLI ALBERT... Director Director Jan 24 Sell 300.0015 4,500 1,350,007 54,683 01/26/24
WALL JOHN M Sr. VP & CFO Sr. VP & CFO Jan 18 Sell 277.24 36,000 9,980,640 80,594 01/22/24
WALL JOHN M Sr. VP & CFO Sr. VP & CFO Jan 18 Option 124.33 36,000 4,475,880 116,594 01/22/24
SANGIOVANNI VINCENTELLI ALBERT... Director Director Jan 12 Sell 267.67 11,500 3,078,205 59,183 01/17/24
SANGIOVANNI VINCENTELLI ALBERT... Director Director Jan 12 Option 13.81 10,000 138,100 70,683 01/17/24
SANGIOVANNI VINCENTELLI ALBERT... Director Director Dec 19 Sell 275.00 6,000 1,650,000 60,683 12/21/23
SOHN YOUNG Director Director Dec 15 Option 13.81 10,000 138,100 13,073 12/19/23
WALL JOHN M Sr. VP & CFO Sr. VP & CFO Dec 15 Sell 271.91 2,400 652,584 80,594 12/18/23
Cunningham Paul Sr. Vice President Sr. Vice President Dec 01 Sell 272.85 1,000 272,850 87,316 12/05/23
WALL JOHN M Sr. VP & CFO Sr. VP & CFO Nov 08 Sell 255.00 1,250 318,750 85,375 11/09/23
Cunningham Paul Sr. Vice President Sr. Vice President Nov 01 Sell 240.80 1,000 240,800 88,316 11/03/23
Adams Mark Director Director Feb 25 Sell 240.8 400 96,320 11,007 11/03/23
Nisewaner Karna Corporate VP, Genera.. Corporate VP, General Counsel Nov 01 Sell 240.80 100 24,080 20,309 11/03/23
Nisewaner Karna Corporate VP, Genera.. Corporate VP, General Counsel Oct 02 Sell 235.44 100 23,544 20,409 10/04/23
Cunningham Paul Sr. Vice President Sr. Vice President Oct 02 Sell 235.44 1,000 235,440 89,316 10/04/23
Adams Mark Director Director Oct 02 Sell 235.44 1,377 324,201 2,450 10/04/23
TENG CHIN-CHI Sr. Vice President Sr. Vice President Sep 15 Sell 234.44 7,500 1,758,300 116,679 09/19/23
DEVGAN ANIRUDH President and CEO President and CEO Sep 15 Sell 234.28 2,822 661,138 139,348 09/19/23
ZAMAN ANEEL Sr. Vice President Sr. Vice President Sep 15 Sell 235.66 1,304 307,301 63,494 09/19/23
SANGIOVANNI VINCENTELLI ALBERT... Director Director Sep 08 Sell 241.2618 4,000 965,047 66,683 09/12/23
Cunningham Paul Sr. Vice President Sr. Vice President Sep 01 Sell 242.21 1,000 242,210 91,414 09/06/23
ZAMAN ANEEL Sr. Vice President Sr. Vice President Aug 25 Sell 232.01 1,207 280,036 66,080 08/29/23
DEVGAN ANIRUDH President and CEO President and CEO Aug 25 Sell 233.97 1,523 356,336 144,944 08/29/23
WALL JOHN M Sr. VP & CFO Sr. VP & CFO Aug 08 Sell 229.5 49,104 11,269,368 89,550 08/10/23
WALL JOHN M Sr. VP & CFO Sr. VP & CFO Aug 08 Option 78.76 32,604 2,567,891 138,654 08/10/23
SANGIOVANNI VINCENTELLI ALBERT... Director Director Aug 08 Sell 230.2296 8,800 2,026,020 70,683 08/10/23
Adams Mark Director Director Aug 08 Sell 229.8 1,473 338,495 2,450 08/10/23
ZAMAN ANEEL Sr. Vice President Sr. Vice President Aug 03 Sell 227.85 271 61,747 68,471 08/07/23
Cunningham Paul Sr. Vice President Sr. Vice President Aug 01 Sell 231.43 1,000 231,430 93,124 08/03/23
Nisewaner Karna Corporate VP, Genera.. Corporate VP, General Counsel Aug 01 Sell 231.43 100 23,143 21,894 08/03/23
PLUMMER JAMES D Director Director Feb 08 Sell 238.54 4,406 1,051,007 25,335 07/31/23
Nisewaner Karna Corporate VP, Genera.. Corporate VP, General Counsel Jul 03 Sell 234.10 100 23,410 21,994 07/06/23
Cunningham Paul Sr. Vice President Sr. Vice President Jul 03 Sell 234.10 1,000 234,100 95,124 07/06/23
TENG CHIN-CHI Sr. Vice President Sr. Vice President Jun 16 Sell 238.03 12,858 3,060,590 126,165 06/21/23
BECKLEY THOMAS P Sr. Vice President Sr. Vice President May 18 Option 35.19 50,775 1,786,772 261,764 05/22/23
BECKLEY THOMAS P Sr. Vice President Sr. Vice President May 18 Sell 209.27 76,003 15,905,148 185,761 05/22/23
TAN LIP BU Other Other May 16 Sell 202.62 42,500 8,611,350 602,589 05/18/23
TAN LIP BU Other Other May 16 Option 30.79 42,500 1,308,575 645,089 05/18/23
Nisewaner Karna Corporate VP, Genera.. Corporate VP, General Counsel May 01 Sell 209.10 100 20,910 22,194 05/03/23
TAN LIP BU Director Director Apr 28 Sell 209.93 30,000 6,297,900 808,040 05/02/23
TAN LIP BU Director Director Apr 14 Sell 214.87 42,500 9,131,975 602,589 04/18/23
TAN LIP BU Director Director Apr 14 Option 30.79 42,500 1,308,575 645,089 04/18/23
Nisewaner Karna Corporate VP, Genera.. Corporate VP, General Counsel Apr 05 Sell 210.12 100 21,012 22,294 04/07/23
WALL JOHN M Sr. VP & CFO Sr. VP & CFO Apr 03 Sell 209.56 11,000 2,305,160 108,430 04/05/23
ZAMAN ANEEL Sr. Vice President Sr. Vice President Mar 17 Sell 207.55 12,858 2,668,678 68,742 03/21/23
DEVGAN ANIRUDH President and CEO President and CEO Mar 17 Sell 207.79 25,715 5,343,320 148,178 03/21/23
TAN LIP BU Director Director Mar 16 Sell 205.1 42,500 8,716,750 602,589 03/17/23