Cadence Design Systems Inc's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 34/484 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 383.91.In the medium term, the stock price is expected to trend down.Despite an average stock market performance over the past month, 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
34 / 484
Overall Ranking
88 / 4592
Industry
Software & IT Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
26
analysts
Buy
Current Rating
383.907
Target Price
+13.82%
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 systems 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 product categories include Core Electronic Design Automation (EDA), Semiconductor IP, and System Design and Analysis (SD&A). Core EDA includes software, hardware, and services used to design and verify a wide variety of semiconductors. The semiconductor IP portfolio includes silicon subsystems, software, and services that are used in semiconductor design. The SD&A category includes the software and services used to design and verify a wide variety of physical electronic systems. Its semiconductors are used in various industries, including automotive, aerospace, biotech, hyperscale and cloud computing, data centers, telecommunications, medical technology, industrial Internet of things (IIoT), and artificial intelligence (AI).
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 82.74, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 249.68M shares, increasing 0.01% quarter-over-quarter.
Cadence Design Systems, Inc. is an electronic systems 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 product categories include Core Electronic Design Automation (EDA), Semiconductor IP, and System Design and Analysis (SD&A). Core EDA includes software, hardware, and services used to design and verify a wide variety of semiconductors. The semiconductor IP portfolio includes silicon subsystems, software, and services that are used in semiconductor design. The SD&A category includes the software and services used to design and verify a wide variety of physical electronic systems. Its semiconductors are used in various industries, including automotive, aerospace, biotech, hyperscale and cloud computing, data centers, telecommunications, medical technology, industrial Internet of things (IIoT), and artificial intelligence (AI).
Ticker SymbolCDNS
CompanyCadence Design Systems Inc
CEODevgan (Anirudh H)
Websitehttps://www.cadence.com/en_US/home.html
FAQs
What is the current price of Cadence Design Systems Inc (CDNS)?
The current price of Cadence Design Systems Inc (CDNS) is 320.060.
What is the symbol of Cadence Design Systems Inc?
The ticker symbol of Cadence Design Systems Inc is CDNS.
What is the 52-week high of Cadence Design Systems Inc?
The 52-week high of Cadence Design Systems Inc is 376.445.
What is the 52-week low of Cadence Design Systems Inc?
The 52-week low of Cadence Design Systems Inc is 221.560.
What is the market capitalization of Cadence Design Systems Inc?
The market capitalization of Cadence Design Systems Inc is 87.12B.
What is the net income of Cadence Design Systems Inc?
The net income of Cadence Design Systems Inc is 1.06B.
Is Cadence Design Systems Inc (CDNS) currently rated as Buy, Hold, or Sell?
According to analysts, Cadence Design Systems Inc (CDNS) has an overall rating of Buy, with a price target of 383.907.
What is the Earnings Per Share (EPS TTM) of Cadence Design Systems Inc (CDNS)?
The Earnings Per Share (EPS TTM) of Cadence Design Systems Inc (CDNS) is 3.907.