The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Cadence Design Systems Inc's Score
Industry at a Glance
Industry Ranking
16 / 487
Overall Ranking
73 / 4623
Industry
Software & IT Services
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
24
analysts
Buy
Current Rating
378.201
Target Price
+10.81%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Cadence Design Systems Inc Highlights
StrengthsRisks
Cadence Design Systems, Inc. is an electronic system designing company. The Company applies its Intelligent System Design strategy to deliver software, hardware and intellectual property (IP) that turn design concepts into reality. Its Custom IC Design and Simulation offerings are used by its customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital IC Design and Signoff solutions are used to create logical representations of a digital circuit or an integrated circuit (IC) that can be verified for correctness prior to implementation. Its Functional Verification products are used by its customers to verify that the circuitry or the software they have designed is consistent with the functional specification. Its IP offerings consist of pre-verified, customizable functional blocks. It also offers multi-domain, engineering simulation solutions.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 30.31% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 4.64B.
Overvalued
The company’s latest PE is 87.40, at a high 3-year percentile range.
Fairly Valued
The company’s latest PE is 87.40, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 245.84M shares, decreasing 5.44% quarter-over-quarter.
Cadence Design Systems, Inc. is an electronic system designing company. The Company applies its Intelligent System Design strategy to deliver software, hardware and intellectual property (IP) that turn design concepts into reality. Its Custom IC Design and Simulation offerings are used by its customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital IC Design and Signoff solutions are used to create logical representations of a digital circuit or an integrated circuit (IC) that can be verified for correctness prior to implementation. Its Functional Verification products are used by its customers to verify that the circuitry or the software they have designed is consistent with the functional specification. Its IP offerings consist of pre-verified, customizable functional blocks. It also offers multi-domain, engineering simulation solutions.