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Cadence Design Systems Inc

CDNS
View Detailed Chart
281.390USD
-2.930-1.03%
Close 03/25, 16:00ETQuotes delayed by 15 min
77.28BMarket Cap
68.85P/E TTM

Cadence Design Systems Inc

281.390
-2.930-1.03%
Intraday
1m
30m
1h
D
W
M
D

Today

-1.03%

5 Days

-2.85%

1 Month

-6.78%

6 Months

-19.85%

Year to Date

-9.98%

1 Year

+4.56%

View Detailed Chart

Key Insights

Cadence Design Systems Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 32 out of 481 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 371.22.In the medium term, the stock price is expected to trend down.Despite a weak 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
32 / 481
Overall Ranking
101 / 4547
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 29.51% year-on-year.
Undervalued
The company’s latest PE is 68.85, at a low 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
371.221
Target Price
+26.90%
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

More news coming soon, stay tuned...

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