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Cadence Design Systems Inc

CDNS
View Detailed Chart
296.360USD
-6.310-2.08%
Close 01/30, 16:00ETQuotes delayed by 15 min
80.67BMarket Cap
75.86P/E TTM

Cadence Design Systems Inc

296.360
-6.310-2.08%
Intraday
1m
30m
1h
D
W
M
D

Today

-2.08%

5 Days

-6.90%

1 Month

-5.19%

6 Months

-16.98%

Year to Date

-5.19%

1 Year

-0.42%

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Key Insights

Cadence Design Systems Inc's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 48 out of 483 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 381.11.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
48 / 483
Overall Ranking
125 / 4536
Industry
Software & IT Services

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Media Coverage

Last 24 hours
Coverage Level

Very Low
Very High
Neutral

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.
Fairly Valued
The company’s latest PE is 75.86, at a medium 3-year percentile range.
Institutional Buying
The latest institutional holdings are 249.68M shares, increasing 0.01% quarter-over-quarter.
Held by CI Select Canadian Equity Fund
Star Investor CI Select Canadian Equity Fund holds 10.86K shares of this stock.

Analyst Rating

Based on 26 analysts
Buy
Current Rating
381.106
Target Price
+25.91%
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 News

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Financial Indicators

EPS

Relevant data have not been disclosed by the company yet.

Total revenue

Relevant data have not been disclosed by the company yet.

Cadence Design Systems Inc Info

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
KeyAI