Cadence Design Systems, Inc. (CDNS): Price and Financial Metrics
Cadence Design Systems, Inc. (CDNS)
Today's Latest Price: $105.78 USD
Updated Sep 29 6:55pm
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POWR Components:
Trade Grade Buy & Hold Grade Peer Grade Industry Rank
Industry Rank:
Ranked of 29 in Technology - Hardware
See all "A" rated Strong Buy stocks
CDNS Stock Summary
- With a market capitalization of $29,490,829,320, Cadence Design Systems Inc has a greater market value than 93.65% of US stocks.
- CDNS's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 379.21 -- higher than 91.38% of US-listed equities with positive expected earnings growth.
- The price/operating cash flow metric for Cadence Design Systems Inc is higher than 89.39% of stocks in our set with a positive cash flow.
- Stocks that are quantitatively similar to CDNS, based on their financial statements, market capitalization, and price volatility, are SNPS, EA, MXIM, XLNX, and SGEN.
- Visit CDNS's SEC page to see the company's official filings. To visit the company's web site, go to www.cadence.com.
CDNS Stock Price Chart Technical Analysis Charts
CDNS Price/Volume Stats
| Current price | $105.78 | 52-week high | $117.59 |
| Prev. close | $105.25 | 52-week low | $51.39 |
| Day low | $105.65 | Volume | 1,187,900 |
| Day high | $106.94 | Avg. volume | 2,004,997 |
| 50-day MA | $106.66 | Dividend yield | N/A |
| 200-day MA | $85.18 | Market Cap | 29.49B |
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 Price | DCF Fair Value Target: | Forecasted Gain: |
| $105.78 | $56.91 | -46% |
We started the process of determining a valid price forecast for Cadence Design Systems Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Cadence Design Systems Inc ranked in the 30th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for CDNS, they are:
- The business' balance sheet suggests that 2% of the company's capital is sourced from debt; this is greater than merely 8.73% of the free cash flow producing stocks we're observing.
- 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 49.17% 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 Flow | Return Relative to Current Share Price |
| 0% | -47% |
| 1% | -47% |
| 2% | -46% |
| 3% | -46% |
| 4% | -45% |
| 5% | -45% |
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CDNS, try ASML, IIVI, MLAB, BKI, and COHR.
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