Cadence Design Systems, Inc. (CDNS): Price and Financial Metrics
Cadence Design Systems, Inc. (CDNS)
Today's Latest Price: $116.58 USD
Updated Nov 27 1:00pm
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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 >
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 Price | DCF 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 Flow | Return 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.
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