Cadence Design Systems Inc. (CDNS): Price and Financial Metrics
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CDNS POWR Grades
- CDNS scores best on the Quality dimension, with a Quality rank ahead of 99.46% of US stocks.
- The strongest trend for CDNS is in Value, which has been heading down over the past 177 days.
- CDNS ranks lowest in Value; there it ranks in the 17th percentile.
CDNS Stock Summary
- CDNS has a higher market value than 96.21% of US stocks; more precisely, its current market capitalization is $55,810,771,200.
- CDNS's current price/earnings ratio is 65.74, which is higher than 92.04% of US stocks with positive earnings.
- CDNS's price/sales ratio is 15.67; that's higher than the P/S ratio of 93.41% of US stocks.
- Stocks with similar financial metrics, market capitalization, and price volatility to CADENCE DESIGN SYSTEMS INC are SNPS, KLAC, NXPI, STM, and ANET.
- 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 Valuation Summary
- In comparison to the median Technology stock, CDNS's price/sales ratio is 536% higher, now standing at 15.9.
- CDNS's price/earnings ratio has moved up 27.5 over the prior 243 months.
Below are key valuation metrics over time for CDNS.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| CDNS | 2023-03-21 | 15.9 | 20.7 | 66.8 | 53.0 |
| CDNS | 2023-03-20 | 15.9 | 20.6 | 66.6 | 52.8 |
| CDNS | 2023-03-17 | 15.9 | 20.6 | 66.5 | 52.7 |
| CDNS | 2023-03-16 | 15.9 | 20.7 | 66.8 | 53.0 |
| CDNS | 2023-03-15 | 15.6 | 20.2 | 65.2 | 51.7 |
| CDNS | 2023-03-14 | 15.6 | 20.2 | 65.4 | 51.9 |
CDNS Growth Metrics
- Its year over year cash and equivalents growth rate is now at 52.73%.
- The 5 year net cashflow from operations growth rate now stands at 67.78%.
- The 2 year price growth rate now stands at 94.12%.
The table below shows CDNS's growth in key financial areas (numbers in millions of US dollars).
| Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
|---|---|---|---|
| 2022-12-31 | 3,561.718 | 1,241.894 | 848.952 |
| 2022-09-30 | 3,434.877 | 1,194.116 | 785.139 |
| 2022-06-30 | 3,283.218 | 1,173.289 | 775.141 |
| 2022-03-31 | 3,153.982 | 1,229.124 | 744.121 |
| 2021-12-31 | 2,988.244 | 1,100.958 | 695.955 |
| 2021-09-30 | 2,975.117 | 1,020.623 | 693.114 |
CDNS's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- CDNS has a Quality Grade of A, ranking ahead of 99.34% of graded US stocks.
- CDNS's asset turnover comes in at 0.731 -- ranking 213th of 561 Business Services stocks.
- CTK, SSNT, and ACM are the stocks whose asset turnover ratios are most correlated with CDNS.
The table below shows CDNS's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-10-02 | 0.731 | 0.896 | 0.504 |
| 2021-07-03 | 0.713 | 0.890 | 0.494 |
| 2021-04-03 | 0.696 | 0.888 | 0.488 |
| 2021-01-02 | 0.677 | 0.886 | 0.452 |
| 2020-09-26 | 0.661 | 0.879 | 0.402 |
| 2020-06-27 | 0.707 | 0.883 | 0.403 |
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 | $159.51 | Average Broker Recommendation | 1.67 (Moderate Buy) |
CDNS Stock Price Chart Interactive Chart >
CDNS Price/Volume Stats
| Current price | $209.34 | 52-week high | $209.73 |
| Prev. close | $207.01 | 52-week low | $132.32 |
| Day low | $207.44 | Volume | 639,879 |
| Day high | $209.73 | Avg. volume | 1,726,498 |
| 50-day MA | $194.74 | Dividend yield | N/A |
| 200-day MA | $172.21 | Market Cap | 57.14B |
Cadence Design Systems Inc. (CDNS) Company Bio
Cadence Design Systems, Inc. (stylized as cādence), headquartered in San Jose, California, is an American multinational computational software company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company produces software, hardware and silicon structures for designing integrated circuits, systems on chips (SoCs) and printed circuit boards. (Source:Wikipedia)
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 on Campus - UC BerkeleyCadence Design Systems |
Microsoft Among 19 Stocks To Watch That Are Launching New MovesPANW and MSFT are among 19 stocks to watch on this screen of highly rated companies setting up potential new breakout moves. |
What Makes Cadence (CDNS) a New Strong Buy StockCadence (CDNS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. |
Blackbaud (BLKB) Soars 10.6%: Is Further Upside Left in the Stock?Blackbaud (BLKB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term. |
Is Cadence Design Systems (CDNS) Outperforming Other Computer and Technology Stocks This Year?Here is how Cadence Design Systems (CDNS) and Twilio (TWLO) have performed compared to their sector so far this year. |
CDNS Price Returns
| 1-mo | 9.36% |
| 3-mo | 30.32% |
| 6-mo | 28.09% |
| 1-year | 27.29% |
| 3-year | 216.99% |
| 5-year | 469.32% |
| YTD | 30.32% |
| 2022 | -13.80% |
| 2021 | 36.59% |
| 2020 | 96.70% |
| 2019 | 59.52% |
| 2018 | 3.97% |
Continue Researching CDNS
Want to do more research on Cadence Design Systems Inc's stock and its price? Try the links below:Cadence Design Systems Inc (CDNS) Stock Price | Nasdaq
Cadence Design Systems Inc (CDNS) Stock Quote, History and News - Yahoo Finance
Cadence Design Systems Inc (CDNS) Stock Price and Basic Information | MarketWatch
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