Cadence Design Systems, Inc. (CDNS): Price and Financial Metrics


Cadence Design Systems, Inc. (CDNS)

Today's Latest Price: $116.58 USD

3.54 (3.13%)

Updated Nov 27 1:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 30 in Technology - Hardware

See all "A" rated Strong Buy stocks

CDNS Stock Summary

  • CDNS has a higher market value than 93.26% of US stocks; more precisely, its current market capitalization is $32,517,775,980.
  • CDNS's price/sales ratio is 12.89; that's higher than the P/S ratio of 87.9% of US stocks.
  • With a year-over-year growth in debt of 101.42%, Cadence Design Systems Inc's debt growth rate surpasses 88.15% of about US stocks.
  • If you're looking for stocks that are quantitatively similar to Cadence Design Systems Inc, a group of peers worth examining would be SNPS, EA, XLNX, MXIM, and SGEN.
  • CDNS's SEC filings can be seen here. And to visit Cadence Design Systems Inc's official web site, go to www.cadence.com.

CDNS Stock Price Chart Interactive Chart >

Price chart for CDNS

CDNS Price/Volume Stats

Current price $116.58 52-week high $127.50
Prev. close $113.04 52-week low $51.39
Day low $113.67 Volume 927,400
Day high $116.89 Avg. volume 1,907,891
50-day MA $111.20 Dividend yield N/A
200-day MA $93.66 Market Cap 32.52B

Cadence Design Systems, Inc. (CDNS) Company Bio


Cadence Design Systems develops, sells, leases, and licenses electronic design automation software, emulation and prototyping hardware, verification intellectual property, and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide. The company was founded in 1988 and is based in San Jose, California.

CDNS Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$116.58$61.68 -45%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Cadence Design Systems Inc. To summarize, we found that Cadence Design Systems Inc ranked in the 33th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 45%. The most interesting components of our discounted cash flow analysis for Cadence Design Systems Inc ended up being:

  • The business' balance sheet reveals debt to be 2% of the company's capital (with equity being the remaining amount). Approximately merely 9.43% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
  • CDNS's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 48.8% of tickers in our DCF set.
  • As a business, Cadence Design Systems Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Technology), this tax rate is higher than merely 0% of stocks generating free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-46%
1%-46%
2%-45%
3%-45%
4%-44%
5%-44%

Want more companies with a valuation profile/forecast similar to that of Cadence Design Systems Inc? See INOD, MEI, FIS, FLIR, and ITNM.


CDNS Latest News Stream


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Latest CDNS News From Around the Web

Below are the latest news stories about Cadence Design Systems Inc that investors may wish to consider to help them evaluate CDNS as an investment opportunity.

New PSpice® for TI tool helps engineers speed time to market with system-level circuit simulation and verification

DALLAS, Sept. 15, 2020 /PRNewswire/ -- Texas Instruments (TI) (Nasdaq: TXN) today announced a new custom version of the PSpice® simulator from Cadence Design Systems Inc. that enables engineers to simulate complex analog circuits with unlimited analysis of TI power and signal-chain…

PR Newswire | September 15, 2020

Cadence Design Systems: At The Cusp Of A Technological Revolution

The technology sector has been on a tear for most of the year. While everyone is familiar with the big names in tech, I’m focused on a company that has also performed well this year but is not a household name. Cadence Design Systems (CDNS) has seen its share price...

Gen Alpha on Seeking Alpha | September 1, 2020

Cadence Design Systems, Inc. 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Cadence Design Systems, Inc. in conjunction with their 2020 Q2 earnings call....

SA Transcripts on Seeking Alpha | September 1, 2020

Cadence IC Packaging Reference Flow Certified for the Latest TSMC Advanced Packaging Solutions

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #EDA--Cadence announced the certification of its tools in TSMC reference flows for TSMC’s InFO-R and CoWoS-S advanced packaging solutions.

Business Wire | August 25, 2020

Edited Transcript of CDNS earnings conference call or presentation 20-Jul-20 9:00pm GMT

Q2 2020 Cadence Design Systems Inc Earnings Call

Yahoo | August 17, 2020

Read More 'CDNS' Stories Here

CDNS Price Returns

1-mo 6.59%
3-mo 5.11%
6-mo 26.20%
1-year 65.95%
3-year 165.50%
5-year 423.48%
YTD 68.08%
2019 59.52%
2018 3.97%
2017 65.82%
2016 21.19%
2015 9.70%

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