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


Cadence Design Systems, Inc. (CDNS): $129.05

2.15 (+1.69%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

CDNS POWR Grades


  • CDNS scores best on the Quality dimension, with a Quality rank ahead of 96.9% of US stocks.
  • The strongest trend for CDNS is in Momentum, which has been heading down over the past 199 days.
  • CDNS's current lowest rank is in the Momentum metric (where it is better than 45.72% of US stocks).

CDNS Stock Summary

  • CDNS has a higher market value than 92.59% of US stocks; more precisely, its current market capitalization is $35,311,828,500.
  • The price/operating cash flow metric for Cadence Design Systems Inc is higher than 87.97% of stocks in our set with a positive cash flow.
  • With a year-over-year growth in debt of -50.16%, Cadence Design Systems Inc's debt growth rate surpasses just 7.41% 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, DXCM, FTNT, MXIM, and WST.
  • 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 Price Target

For more insight on analysts targets of CDNS, see our CDNS price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $150.13 Average Broker Recommendation 1.63 (Moderate Buy)

CDNS Stock Price Chart Interactive Chart >

Price chart for CDNS

CDNS Price/Volume Stats

Current price $129.05 52-week high $149.08
Prev. close $126.90 52-week low $79.05
Day low $128.44 Volume 1,613,100
Day high $131.48 Avg. volume 1,831,617
50-day MA $134.88 Dividend yield N/A
200-day MA $122.70 Market Cap 35.91B

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:
$129.05$38.41 -70%

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 27th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 69.5%. As for the metrics that stood out in our discounted cash flow analysis of Cadence Design Systems Inc, consider:

  • The company's balance sheet shows it gets 99% of its capital from equity, and 1% of its capital from debt. Notably, its equity weight is greater than 85.68% of US equities in the Technology sector yielding a positive free cash flow.
  • The business' balance sheet reveals debt to be 1% of the company's capital (with equity being the remaining amount). Approximately just 7.35% 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 3%; for context, that number is higher than 52.96% of tickers in our DCF set.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-70%
1%-70%
2%-70%
3%-69%
4%-69%
5%-69%

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CDNS, try BIDU, SOHU, APH, BR, 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.

Cadence Wins Four 2020 Samsung Foundry SAFE EDA Awards

Cadence announced that it has received four 2020 SAFE EDA awards from Samsung Foundry.

Yahoo | May 4, 2021

The Compensation For Cadence Design Systems, Inc.'s (NASDAQ:CDNS) CEO Looks Deserved And Here's Why

We have been pretty impressed with the performance at Cadence Design Systems, Inc. ( NASDAQ:CDNS ) recently and CEO...

Yahoo | April 30, 2021

Global Unichip Corporation Deploys Cadence Clarity 3D Solver To Achieve 5X Speedup of System Analysis for 112G Long-Reach Network Switch

GUC successfully deployed the Cadence® Clarity™ 3D Solver to achieve a 5X system analysis speedup for a complex 112G long-reach network switch design.

Yahoo | April 28, 2021

Cadence Design Systems, Inc (CDNS) CEO Lip Tan on Q1 2021 Results - Earnings Call Transcript

Cadence Design Systems, Inc (CDNS) Q1 2021 Earnings Conference Call Apr 26, 2021, 17:00 PM ET Company Participants Alan Lindstrom - Senior Group Director of IR Lip Tan - CEO Anirudh Devgannd - President John Wall - Senior VP and CFO Conference Call Participants Jason Celino - KeyBanc Jackson Ader...

SA Transcripts on Seeking Alpha | April 27, 2021

Cadence Extends Arm Partnership To Drive Hyperscale Computing, 5G Communications SoC Development

Cadence Design Systems Inc (NASDAQ: CDNS) extended its partnership with Arm to accelerate hyper-scale computing and 5G communications SoC development using Cadence tools and the new Arm Neoverse V1 and Neoverse N2 platforms. Cadence optimized its digital and verification full flows to drive adoption of the latest platforms to build upon previous silicon successes with the first-generation Arm Neoverse N1 platform and Cadence digital and verification tools on 7nm process technologies. Cadence also delivered 5nm and 7nm RTL-to-GDS digital flow Rapid Adoption Kits (RAKs) to enhance power, performance, and area (PPA) goals and boost productivity. Cadence successfully enhanced the Cadence digital and verification full flows to create high-frequency, low-power, high-quality server-class desig...

Yahoo | April 27, 2021

Read More 'CDNS' Stories Here

CDNS Price Returns

1-mo -11.21%
3-mo -7.48%
6-mo 10.60%
1-year 56.50%
3-year 205.44%
5-year 446.82%
YTD -5.41%
2020 96.70%
2019 59.52%
2018 3.97%
2017 65.82%
2016 21.19%

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