CDNS - Cadence Design Systems Inc Stock Price, Fair Value and News

274.92USD-0.71 (-0.26%)Delayed as of 01 May 2024, 10:00 am ET

Market Summary

USD274.92-0.71

Delayedas of 01 May 2024, 10:00 am

-0.26%

CDNS Alerts

4 major insider sales recently.

CDNS Stock Price

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CDNS RSI Chart

CDNS Valuation

Market Cap

75.0B

Price/Earnings (Trailing)

71.64

Price/Sales (Trailing)

18.4

EV/EBITDA

50.8

Price/Free Cashflow

CDNS Price/Sales (Trailing)

CDNS Profitability

EBT Margin

31.16%

Return on Equity

29.35%

Return on Assets

18.3%

Free Cashflow Yield

1.61%

CDNS Fundamentals

CDNS Revenue

Revenue (TTM)

4.1B

Rev. Growth (Yr)

-1.23%

Rev. Growth (Qtr)

-5.57%

CDNS Earnings

Earnings (TTM)

1.0B

Earnings Growth (Yr)

2.41%

Earnings Growth (Qtr)

-23.54%

Breaking Down CDNS Revenue

52 Week Range

198.92276.43

(Low)(High)

Last 7 days

-2.2%

Last 30 days

-11.5%

Last 90 days

-4.4%

Trailing 12 Months

30.9%

How does CDNS drawdown profile look like?

CDNS Financial Health

Current Ratio

1.32

CDNS Investor Care

Shares Dilution (1Y)

0.98%

Diluted EPS (TTM)

3.84

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	4.1B	0	0	0
2023	3.7B	3.8B	3.9B	4.1B
2022	3.2B	3.3B	3.4B	3.6B
2021	2.8B	2.9B	3.0B	3.0B
2020	2.4B	2.4B	2.5B	2.7B
2019	2.2B	2.3B	2.3B	2.3B
2018	2.0B	2.0B	2.1B	2.1B
2017	1.8B	1.9B	1.9B	1.9B
2016	1.7B	1.8B	1.8B	1.8B
2015	1.6B	1.7B	1.7B	1.7B
2014	1.5B	1.5B	1.5B	1.6B
2013	1.4B	1.4B	1.4B	1.5B
2012	1.2B	1.2B	1.3B	1.3B
2011	980.1M	1.0B	1.1B	1.1B
2010	868.3M	885.4M	907.2M	936.0M
2009	0	976.6M	914.6M	852.6M
2008	0	0	0	1.0B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Cadence Design Systems Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 15, 2024	sangiovanni vincentelli alberto	sold	-463,238	308	-1,500	-
Apr 01, 2024	cunningham paul	sold	-310,460	310	-1,000	sr. vice president
Apr 01, 2024	nisewaner karna	sold	-186,276	310	-600	svp & general counsel
Mar 28, 2024	wall john m	sold	-6,757,340	311	-21,700	sr. vp & cfo
Mar 18, 2024	devgan anirudh	sold	-14,681,200	302	-48,533	president and ceo
Mar 18, 2024	nisewaner karna	sold (taxes)	-96,899	300	-322	svp & general counsel
Mar 18, 2024	zaman aneel	sold	-7,137,110	302	-23,592	sr. vice president
Mar 15, 2024	wall john m	sold (taxes)	-7,467,860	298	-25,023	sr. vp & cfo
Mar 15, 2024	beckley thomas p	acquired	-	-	9,605	sr. vice president
Mar 15, 2024	zaman aneel	sold (taxes)	-6,922,910	298	-23,197	sr. vice president

Which funds bought or sold CDNS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 29, 2024	Paragon Advisors, LLC	added	50.26	799,951	1,915,310	0.77%
Apr 29, 2024	BENJAMIN F. EDWARDS & COMPANY, INC.	added	104	2,290,000	3,998,000	0.07%
Apr 29, 2024	LA FINANCIERE DE L'ECHIQUIER	unchanged	-	32,685	261,476	0.01%
Apr 29, 2024	Privium Fund Management (UK) Ltd	new	-	1,491,670	1,491,670	0.74%
Apr 29, 2024	UNION SAVINGS BANK	unchanged	-	4,669	37,352	0.02%
Apr 29, 2024	HighMark Wealth Management LLC	added	10.00	700	3,424	-%
Apr 29, 2024	GREENLEAF TRUST	reduced	-61.75	-2,190,710	1,701,460	0.02%
Apr 29, 2024	China Universal Asset Management Co., Ltd.	added	128	235,000	382,000	0.05%
Apr 29, 2024	OFI INVEST ASSET MANAGEMENT	added	1.82	5,159	32,281	-%
Apr 29, 2024	Summit Global Investments	new	-	864,000	864,000	0.06%

Are Funds Buying or Selling CDNS?

Are funds buying CDNS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CDNS

No. of Funds

CDNS Alerts

4 major insider sales recently.

Unveiling Cadence Design Systems Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.01%	24,503,387	SC 13G/A
Jan 31, 2024	blackrock inc.	11.2%	30,577,232	SC 13G/A
Feb 09, 2023	blackrock inc.	11.9%	32,630,669	SC 13G/A
Feb 09, 2023	vanguard group inc	11.78%	32,323,435	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	4.0%	10,897,413	SC 13G/A
Jan 26, 2023	blackrock inc.	11.9%	32,630,669	SC 13G/A
Jan 20, 2023	blackrock inc.	11.9%	32,630,669	SC 13G/A
Feb 09, 2022	vanguard group inc	11.32%	31,373,044	SC 13G/A
Feb 07, 2022	blackrock inc.	11.4%	31,520,631	SC 13G/A
Feb 02, 2022	massachusetts financial services co /ma/	7.0%	19,361,368	SC 13G/A

Recent SEC filings of Cadence Design Systems Inc

View All Filings

Date Filed	Form Type	Document
Apr 30, 2024	DEFA14A	DEFA14A
Apr 24, 2024	10-Q	Quarterly Report
Apr 23, 2024	8-K/A	Current Report
Apr 22, 2024	8-K	Current Report
Apr 17, 2024	4	Insider Trading
Apr 15, 2024	144	Notice of Insider Sale Intent
Apr 10, 2024	DEFA14A	DEFA14A
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading

Peers (Alternatives to Cadence Design Systems Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	260.9B	34.9B	-10.70%	35.97%	63.07	7.48	11.18%	1888.46%
UBER	137.6B	37.3B	-13.92%	102.41%	72.93	3.69	16.95%	120.64%
ADSK	45.5B	5.3B	-18.27%	8.34%	49.65	8.52	9.15%	48.14%
ANSS	28.3B	2.3B	-6.42%	3.41%	56.49	12.45	9.90%	-4.45%
ZM	18.4B	4.5B	-6.53%	-0.94%	28.83	4.06	3.06%	514.65%
MID-CAP
APPF	8.2B	671.8M	-8.09%	62.06%	107.01	12.18	33.64%	185.98%
LYFT	6.0B	4.4B	-19.17%	47.69%	-17.71	1.37	7.53%	78.52%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
ALRM	3.3B	881.7M	-8.24%	40.32%	41.34	3.77	4.64%	44.42%
AI	2.7B	296.4M	-16.77%	20.93%	-9.99	9.16	11.14%	-3.59%
AGYS	2.3B	228.1M	-1.44%	5.23%	26.02	9.96	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
APPS	194.9M	572.4M	-27.10%	-83.69%	-0.98	0.34	-19.38%	-489.49%
ASUR	188.7M	119.1M	-5.01%	-46.33%	-20.48	1.58	24.27%	36.31%
AEYE	181.6M	31.6M	55.64%	155.41%	-30.92	5.74	2.76%	43.72%

Cadence Design Systems Inc News

Latest updates

Cadence Design Systems Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-5.6%	1,009	1,069	1,023	977	1,022	900	903	858	902	773	751	728	736	760	667	638	618	600	580	580	577
Costs and Expenses	3.7%	759	732	730	677	699	689	642	575	583	577	557	543	532	575	497	486	479	491	459	447	448
S&GA Expenses	0.1%	181	180	176	167	167	172	153	139	140	148	143	136	133	147	124	120	126	127	121	116	117
R&D Expenses	-	379	-	370	354	350	-	324	287	291	-	289	285	271	-	251	251	242	-	-	-	-
EBITDA Margin	-0.2%	0.36*	0.36*	0.33*	0.33*	0.33*	0.34*	0.34*	0.34*	0.33*	0.31*	0.31*	0.31*	0.31*	0.30*	0.28*	0.27*	0.26*	0.27*	0.27*	-	-
Interest Expenses	-3.3%	9.00	9.00	9.00	9.00	9.00	9.00	5.00	4.00	4.00	4.00	4.00	4.00	4.00	5.00	5.00	6.00	5.00	4.00	4.00	5.00	5.00
Income Taxes	63.5%	62.00	38.00	46.00	77.00	80.00	-29.87	66.00	86.00	75.00	17.00	12.00	27.00	15.00	12.00	4.00	19.00	6.00	-554	15.00	21.00	8.00
Earnings Before Taxes	-14.4%	310	362	300	298	321	211	252	273	310	194	189	183	202	186	166	151	130	105	117	129	128
EBT Margin	-0.6%	0.31*	0.31*	0.29*	0.28*	0.29*	0.29*	0.30*	0.29*	0.28*	0.26*	0.26*	0.26*	0.25*	0.24*	0.22*	0.21*	0.20*	0.21*	0.21*	-	-
Net Income	-23.5%	248	324	254	221	242	240	186	187	235	177	176	156	187	174	162	131	124	660	102	107	121
Net Income Margin	0.9%	0.26*	0.25*	0.24*	0.23*	0.23*	0.24*	0.23*	0.24*	0.24*	0.23*	0.23*	0.23*	0.23*	0.22*	0.43*	0.42*	0.42*	0.42*	0.19*	-	-
Free Cashflow	-14.6%	204	238	374	394	241	227	273	300	318	201	277	366	191	104	186	324	196	132	122	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.9%	5,722	5,669	5,431	5,155	5,172	5,137	4,968	4,361	4,395	4,386	4,214	4,123	3,999	3,951	4,140	3,999	3,768	3,357	2,662	2,612	2,546
Current Assets	-2.3%	1,930	1,976	1,824	1,643	1,699	1,707	1,670	1,658	1,735	1,716	1,543	1,457	1,350	1,479	1,736	1,640	1,400	1,169	1,050	979	918
Cash Equivalents	0.4%	1,012	1,008	962	874	917	882	1,026	1,030	1,135	1,089	1,014	847	743	928	1,307	1,189	946	705	655	633	539
Inventory	2.3%	186	182	164	140	128	128	114	106	110	116	102	90.00	77.00	76.00	48.00	44.00	61.00	56.00	67.00	49.00	37.00
Net PPE	7.4%	433	403	380	370	373	371	348	317	311	306	303	302	305	311	288	283	281	276	259	258	253
Goodwill	2.6%	1,575	1,536	32.00	1,429	1,378	1,374	1,348	67.00	924	928	926	930	17.00	782	781	779	779	662	662	663	-
Current Liabilities	-7.9%	1,466	1,591	1,264	1,196	1,181	1,348	1,257	1,042	961	971	907	927	792	797	1,118	1,152	1,012	672	619	610	631
Shareholder's Equity	4.8%	3,568	3,404	3,114	2,908	2,941	2,745	2,708	2,625	2,760	2,741	2,631	2,517	2,542	2,493	2,396	2,257	2,158	2,103	1,480	1,431	1,366
Retained Earnings	5.0%	5,184	4,936	4,612	4,358	4,137	3,895	3,655	3,469	3,282	3,046	2,870	2,693	2,538	2,350	2,177	2,015	1,884	1,762	1,102	1,000	893
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	730	720	713
Shares Outstanding	0.2%	272	272	269	270	270	273	272	272	272	274	273	274	274	274	274	273	273	273	273	-	-
Float	-	-	-	-	63,740	-	-	-	40,982	-	-	-	38,179	-	-	-	26,162	-	-	-	19,838	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-6.9%	253	272	396	414	267	264	317	325	337	216	296	380	208	136	207	345	218	159	139	246	185
Share Based Compensation	1.7%	88.00	87.00	88.00	77.00	74.00	73.00	73.00	64.00	59.00	54.00	53.00	51.00	53.00	59.00	45.00	47.00	46.00	47.00	48.00	44.00	42.00
Cashflow From Investing	19.2%	-79.77	-98.68	-183	-94.07	-35.67	-64.18	-605	-49.07	-19.88	-23.08	-18.08	-45.57	-206	-30.85	-22.65	-22.65	-216	-27.08	-16.96	-15.68	-45.99
Cashflow From Financing	-15.8%	-159	-137	-114	-354	-197	-357	313	-352	-260	-115	-108	-237	-182	-501	-79.08	-80.79	246	-86.87	-88.06	-134	-134
Buy Backs	0.0%	125	125	125	325	125	300	150	350	250	110	110	220	172	130	75.00	75.00	100	75.00	75.00	75.00	81.00

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CDNS Income Statement

2024-03-31

Condensed Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues [Abstract]
Revenue	$ 1,009,103	$ 1,021,690
Costs and Expenses:
Marketing and sales	180,589	166,666
Research and development	378,958	350,295
General and administrative	68,716	53,527
Amortization of acquired intangibles	5,407	4,267
Restructuring	280	0
Total costs and expenses	759,147	699,227
Income from operations	249,956	322,463
Interest expense	(8,692)	(9,260)
Other income, net	68,779	8,284
Income before provision for income taxes	310,043	321,487
Provision for income taxes	62,400	79,683
Net income	$ 247,643	$ 241,804
Net income per share - basic (usd per share)	$ 0.92	$ 0.90
Net Income per share - diluted (usd per share)	$ 0.91	$ 0.89
Weighted average common shares outstanding - basic (in shares)	269,606	269,501
Weighted average common shares outstanding - diluted (in shares)	273,544	273,159
Product and maintenance [Member]
Revenues [Abstract]
Revenue	$ 913,385	$ 963,742
Costs and Expenses:
Cost of sales	75,395	100,238
Service [Member]
Revenues [Abstract]
Revenue	95,718	57,948
Costs and Expenses:
Cost of sales	$ 49,802	$ 24,234

CDNS Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,012,418	$ 1,008,152
Receivables, net	389,865	489,224
Inventories	185,784	181,661
Prepaid expenses and other	341,865	297,180
Total current assets	1,929,932	1,976,217
Property, plant and equipment, net	433,016	403,213
Goodwill	1,575,107	1,535,845
Acquired intangibles, net	334,644	336,843
Deferred taxes	886,576	880,001
Other assets	562,855	537,372
Total assets	5,722,130	5,669,491
Current liabilities:
Current portion of long-term debt	349,507	349,285
Accounts payable and accrued liabilities	456,608	576,558
Current portion of deferred revenue	659,628	665,024
Total current liabilities	1,465,743	1,590,867
Long-term liabilities:
Long-term portion of deferred revenue	87,003	98,931
Long-term debt	299,805	299,771
Other long-term liabilities	301,983	275,651
Total long-term liabilities	688,791	674,353
Commitments and contingencies
Stockholders’ equity:
Common stock and capital in excess of par value	3,331,547	3,166,964
Treasury stock, at cost	(4,840,181)	(4,604,323)
Retained earnings	5,184,027	4,936,384
Accumulated other comprehensive loss	(107,797)	(94,754)
Total stockholders’ equity	3,567,596	3,404,271
Total liabilities and stockholders’ equity	$ 5,722,130	$ 5,669,491

About Cadence Design Systems Inc

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 logic synthesis and Joules RTL power solutions, as well as Modus 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 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

CEO	Dr. Anirudh Devgan Ph.D.
WEBSITE	cadence.com
INDUSTRY	Software - Apps
EMPLOYEES	10200

Cadence Design Systems Inc Frequently Asked Questions

What is the ticker symbol for Cadence Design Systems Inc? What does CDNS stand for in stocks?

CDNS is the stock ticker symbol of Cadence Design Systems Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cadence Design Systems Inc (CDNS)?

As of Tue Apr 30 2024, market cap of Cadence Design Systems Inc is 75.01 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CDNS stock?

You can check CDNS's fair value in chart for subscribers.

What is the fair value of CDNS stock?

You can check CDNS's fair value in chart for subscribers. The fair value of Cadence Design Systems Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cadence Design Systems Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CDNS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cadence Design Systems Inc a good stock to buy?

The fair value guage provides a quick view whether CDNS is over valued or under valued. Whether Cadence Design Systems Inc is cheap or expensive depends on the assumptions which impact Cadence Design Systems Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CDNS.

What is Cadence Design Systems Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 30 2024, CDNS's PE ratio (Price to Earnings) is 71.64 and Price to Sales (PS) ratio is 18.4. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CDNS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Cadence Design Systems Inc's stock?

In the past 10 years, Cadence Design Systems Inc has provided 0.333 (multiply by 100 for percentage) rate of return.