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Cadence Design Systems Inc, Common Stock

CDNS

NSQ

$299.87

-$1.37

(-0.45%)

1D
Industry: Software Sector: Information Technology

Analyst Forecast

Price Chart

Key Metrics

Market Cap info-icon
This is a company’s total value as determined by the stock market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
$82.62B
P/E Ratio info-icon
This is the ratio of a security’s current share price to its earnings per share. This ratio determines the relative value of a company’s share.
79.2737
Volume info-icon
This is the total number of shares traded during the most recent trading day.
1.45M
Avg Volume info-icon
This is the average number of shares traded during the most recent 30 days.
0
Dividend Yield info-icon
This ratio shows how much income you earn in dividend payouts per year for every dollar invested in the stock (or the stock’s annual dividend payment expressed as a percentage of its current price).
0.00%
Beta info-icon
This measures the expected move in a stock’s price relative to movements in the overall market. The market, such as the S&P 500 Index, has a beta of 1.0. If a stock has a Beta greater (or lower) than 1.0, it suggests that the stock is more (or less) volatile than the broader market.
1.02
52-week Range info-icon
This shows the range of the stock’s price between the 52-week high (the highest price of the stock for the past 52 weeks) and the 52-week low (the lowest price of the stock for the past 52 weeks).
$241.29 L
$328.99 H
$299.87

About Cadence Design Systems Inc, Common Stock

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. more

Industry: SoftwareSector: Information Technology

Returns

Time FrameCDNSSectorS&P500
1-Week Return-2.71%-2.43%-2.97%
1-Month Return0.08%0.39%-0.66%
3-Month Return6.96%3.85%2.71%
6-Month Return-5.86%1.5%7.21%
1-Year Return9.31%20.59%23.04%
3-Year Return69.11%40.27%28.43%
5-Year Return330.35%156%82.88%
10-Year Return1479.51%458.67%184.63%

Financials

Dec '19Dec '20Dec '21Dec '22Dec '235YR TREND
Total Revenue2.34B2.68B2.99B3.56B4.09B[{"date":"2019-12-31","value":57.12,"profit":true},{"date":"2020-12-31","value":65.6,"profit":true},{"date":"2021-12-31","value":73.06,"profit":true},{"date":"2022-12-31","value":87.08,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Cost of Revenue266.36M305.50M307.01M371.62M435.04M[{"date":"2019-12-31","value":61.23,"profit":true},{"date":"2020-12-31","value":70.22,"profit":true},{"date":"2021-12-31","value":70.57,"profit":true},{"date":"2022-12-31","value":85.42,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Profit2.07B2.38B2.68B3.19B3.65B[{"date":"2019-12-31","value":56.63,"profit":true},{"date":"2020-12-31","value":65.05,"profit":true},{"date":"2021-12-31","value":73.36,"profit":true},{"date":"2022-12-31","value":87.28,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Margin88.60%88.61%89.73%89.57%89.36%[{"date":"2019-12-31","value":98.74,"profit":true},{"date":"2020-12-31","value":98.76,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":99.82,"profit":true},{"date":"2023-12-31","value":99.6,"profit":true}]
Operating Expenses1.57B1.72B1.90B2.12B2.40B[{"date":"2019-12-31","value":65.3,"profit":true},{"date":"2020-12-31","value":71.67,"profit":true},{"date":"2021-12-31","value":79.18,"profit":true},{"date":"2022-12-31","value":88.04,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Operating Income491.80M645.55M779.09M1.07B1.25B[{"date":"2019-12-31","value":39.31,"profit":true},{"date":"2020-12-31","value":51.59,"profit":true},{"date":"2021-12-31","value":62.27,"profit":true},{"date":"2022-12-31","value":85.81,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Total Non-Operating Income/Expense(22.15M)(29.74M)(25.00M)(41.16M)21.83M[{"date":"2019-12-31","value":-101.44,"profit":false},{"date":"2020-12-31","value":-136.19,"profit":false},{"date":"2021-12-31","value":-114.5,"profit":false},{"date":"2022-12-31","value":-188.5,"profit":false},{"date":"2023-12-31","value":100,"profit":true}]
Pre-Tax Income478.97M632.75M768.43M1.05B1.28B[{"date":"2019-12-31","value":37.36,"profit":true},{"date":"2020-12-31","value":49.36,"profit":true},{"date":"2021-12-31","value":59.94,"profit":true},{"date":"2022-12-31","value":81.55,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Income Taxes(510.01M)42.10M72.48M196.41M240.78M[{"date":"2019-12-31","value":-211.81,"profit":false},{"date":"2020-12-31","value":17.49,"profit":true},{"date":"2021-12-31","value":30.1,"profit":true},{"date":"2022-12-31","value":81.57,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Income After Taxes988.98M590.64M695.96M848.95M1.04B[{"date":"2019-12-31","value":94.99,"profit":true},{"date":"2020-12-31","value":56.73,"profit":true},{"date":"2021-12-31","value":66.85,"profit":true},{"date":"2022-12-31","value":81.54,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Income From Continuous Operations988.98M590.64M695.96M848.95M957.64M[{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":59.72,"profit":true},{"date":"2021-12-31","value":70.37,"profit":true},{"date":"2022-12-31","value":85.84,"profit":true},{"date":"2023-12-31","value":96.83,"profit":true}]
Income From Discontinued Operations-----[{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}]
Net Income988.98M590.64M695.96M848.95M1.04B[{"date":"2019-12-31","value":94.99,"profit":true},{"date":"2020-12-31","value":56.73,"profit":true},{"date":"2021-12-31","value":66.85,"profit":true},{"date":"2022-12-31","value":81.54,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
EPS (Diluted)2.192.793.314.275.15[{"date":"2019-12-31","value":42.52,"profit":true},{"date":"2020-12-31","value":54.17,"profit":true},{"date":"2021-12-31","value":64.27,"profit":true},{"date":"2022-12-31","value":82.91,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]

Ratios

Liquidity

These ratios help you determine the liquidity of the company. Higher is better.

CDNS
Cash Ratio 1.66
Current Ratio 2.45
Quick Ratio 2.27

Asset Efficiency

These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.

CDNS
ROA (LTM) 10.87%
ROE (LTM) 27.07%

Liabilities

These ratios help you understand the company's liabilities, gauging the riskiness of the investment.

CDNS
Debt Ratio Lower is generally better. Negative is bad. 0.50
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. 0.50

Valuation

These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.

CDNS
Trailing PE 79.27
Forward PE 45.25
P/S (TTM) 18.98
P/B 18.71
Price/FCF 215
EV/R 19.62
EV/Ebitda 54.79
PEG 3.29

FAQs

What is Cadence Design Systems Inc share price today?

Cadence Design Systems Inc (CDNS) share price today is $299.87

Can Indians buy Cadence Design Systems Inc shares?

Yes, Indians can buy shares of Cadence Design Systems Inc (CDNS) on Vested. To buy Cadence Design Systems Inc from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in CDNS stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.

Can Fractional shares of Cadence Design Systems Inc be purchased?

Yes, you can purchase fractional shares of Cadence Design Systems Inc (CDNS) via the Vested app. You can start investing in Cadence Design Systems Inc (CDNS) with a minimum investment of $1.

How to invest in Cadence Design Systems Inc shares from India?

You can invest in shares of Cadence Design Systems Inc (CDNS) via Vested in three simple steps:

  • Click on Sign Up or Invest in CDNS stock at the top of this page
  • Breeze through our fully digital and secure KYC process and open your US Brokerage account in a few minutes
  • Transfer USD funds to your US Brokerage account and start investing in Cadence Design Systems Inc shares
What is Cadence Design Systems Inc 52-week high and low stock price?

The 52-week high price of Cadence Design Systems Inc (CDNS) is $328.99. The 52-week low price of Cadence Design Systems Inc (CDNS) is $241.29.

What is Cadence Design Systems Inc price-to-earnings (P/E) ratio?

The price-to-earnings (P/E) ratio of Cadence Design Systems Inc (CDNS) is 79.2737

What is Cadence Design Systems Inc price-to-book (P/B) ratio?

The price-to-book (P/B) ratio of Cadence Design Systems Inc (CDNS) is 18.71

What is Cadence Design Systems Inc dividend yield?

The dividend yield of Cadence Design Systems Inc (CDNS) is 0.00%

What is the Market Cap of Cadence Design Systems Inc?

The market capitalization of Cadence Design Systems Inc (CDNS) is $82.62B

What is Cadence Design Systems Inc’s stock symbol?

The stock symbol (or ticker) of Cadence Design Systems Inc is CDNS

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