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

Cadence Design Systems Inc. (CDNS): $270.35

2.92 (-1.07%)

POWR Rating

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Industry: Software - Application




#37 of 132

in industry

CDNS Price/Volume Stats

Current price $270.35 52-week high $279.33
Prev. close $273.27 52-week low $154.88
Day low $268.38 Volume 1,679,100
Day high $273.39 Avg. volume 1,629,416
50-day MA $249.87 Dividend yield N/A
200-day MA $227.69 Market Cap 73.55B

CDNS Stock Price Chart Interactive Chart >


  • Quality is the dimension where CDNS ranks best; there it ranks ahead of 99.53% of US stocks.
  • The strongest trend for CDNS is in Quality, which has been heading up over the past 177 days.
  • CDNS ranks lowest in Value; there it ranks in the 14th percentile.

CDNS Stock Summary

  • CDNS has a higher market value than 96.94% of US stocks; more precisely, its current market capitalization is $71,160,536,720.
  • CDNS's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 650.12 -- higher than 95.58% of US-listed equities with positive expected earnings growth.
  • With a price/sales ratio of 18.15, CADENCE DESIGN SYSTEMS INC has a higher such ratio than 94.73% of stocks in our set.
  • Stocks with similar financial metrics, market capitalization, and price volatility to CADENCE DESIGN SYSTEMS INC are ANET, REGN, NXPI, EA, and LRCX.
  • Visit CDNS's SEC page to see the company's official filings. To visit the company's web site, go to

CDNS Valuation Summary

  • CDNS's EV/EBIT ratio is 57.9; this is 206.35% higher than that of the median Technology stock.
  • Over the past 243 months, CDNS's price/earnings ratio has gone down 20.6.

Below are key valuation metrics over time for CDNS.

Stock Date P/S P/B P/E EV/EBIT
CDNS 2023-11-03 17.3 21.8 70.9 57.9
CDNS 2023-11-02 17.0 21.4 69.5 56.7
CDNS 2023-11-01 17.0 21.4 69.6 56.8
CDNS 2023-10-31 16.6 21.0 68.1 55.7
CDNS 2023-10-30 16.2 20.4 66.4 54.2
CDNS 2023-10-27 16.0 20.2 65.6 53.6

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%.
CDNS's revenue has moved up $586,601,000 over the prior 15 months.

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)

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 softwarehardware and silicon structures for designing integrated circuitssystems on chips (SoCs) and printed circuit boards. (Source:Wikipedia)

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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.

Why Is Cadence (CDNS) Up 13.9% Since Last Earnings Report?

Cadence (CDNS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Yahoo | November 22, 2023

Zacks Industry Outlook Highlights Adobe, Salesforce and Cadence Design Systems

Adobe, Salesforce and Cadence Design Systems are part of the Zacks Industry Outlook article.

Yahoo | November 22, 2023

Cadence’s John Wall to Present at Wells Fargo TMT Summit

SAN JOSE, Calif., November 21, 2023--Cadence’s John Wall to Present at Wells Fargo TMT Summit

Yahoo | November 21, 2023

3 Software Stocks to Watch for in a Prospering Industry

Computer Software industry participants like Adobe (ADBE), Salesforce (CRM) and Cadence Design Systems (CDNS) benefit from steady digital transformations and strong adoption of cloud computing despite macroeconomic turbulence.

Yahoo | November 21, 2023

Cadence’s Anirudh Devgan to Present at UBS Global Technology Conference

SAN JOSE, Calif., November 20, 2023--Cadence’s Anirudh Devgan to Present at UBS Global Technology Conference

Yahoo | November 20, 2023

Read More 'CDNS' Stories Here

CDNS Price Returns

1-mo 10.40%
3-mo 11.00%
6-mo 17.70%
1-year 52.93%
3-year 133.77%
5-year 500.24%
YTD 68.30%
2022 -13.80%
2021 36.59%
2020 96.70%
2019 59.52%
2018 3.97%

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