Cadence Design Systems, Inc. (CDNS)

US — Technology Sector
Peers: WDAY  CRM  INTU  SNOW  TEAM  ZM  NOW  PAYC  DDOG  TTD  U  ADSK 

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Key Metrics & Ratings

  • symbol CDNS
  • Rev/Share 17.9228
  • Book/Share 17.5615
  • PB 16.3465
  • Debt/Equity 0.5186
  • CurrentRatio 3.0736
  • ROIC 0.1422

 

  • MktCap 78382166940.0
  • FreeCF/Share 5.0679
  • PFCF 56.8672
  • PE 72.197
  • Debt/Assets 0.2748
  • DivYield 0
  • ROE 0.2202

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 3
  • P/B Score 1
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade CDNS JP Morgan Neutral Overweight -- $325 April 24, 2025
Initiation CDNS Redburn Atlantic -- Buy -- $350 Jan. 13, 2025
Initiation CDNS Mizuho -- Outperform -- $325 Oct. 22, 2024
Initiation CDNS Berenberg -- Buy -- $320 Oct. 15, 2024
Initiation CDNS Oppenheimer -- Underperform -- $225 Sept. 25, 2024

News

Cadence Design Systems, Inc. (CDNS) Q4 2024 Earnings Call Transcript
CDNS
Published: February 18, 2025 by: Seeking Alpha
Sentiment: Neutral

Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q4 2024 Earnings Conference Call February 18, 2025 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Jason Celino - KeyBanc Capital Markets Joe Quatrochi - Wells Fargo Ruben Roy - Stifel Vivek Arya - Bank of America Securities Lee Simpson - Morgan Stanley Charles Shi - Needham & Company Gianmarco Conti - Deutsche Bank Jay Vleeschhouwer - Griffin Securities Gary Mobley - Loop Capital Harlan Sur - JPMorgan Siti Panigrahi - Mizuho Joshua Tilton - Wolfe …

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image for news Cadence Design Systems, Inc. (CDNS) Q4 2024 Earnings Call Transcript
Cadence (CDNS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
CDNS
Published: February 18, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Cadence (CDNS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Cadence (CDNS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Cadence Systems: Q4 EPS Tops Forecast
CDNS
Published: February 18, 2025 by: The Motley Fool
Sentiment: Positive

Cadence Design Systems (CDNS 1.77%), a leader in computational software for electronic system design, reported fourth-quarter 2024 earnings on Tuesday, Feb. 18, that topped analysts' consensus expectations but also included soft guidance for 2025.

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image for news Cadence Systems: Q4 EPS Tops Forecast
Cadence Set to Release Q4 Earnings: Here's What Investors Should Know
CDNS
Published: February 17, 2025 by: Zacks Investment Research
Sentiment: Neutral

CDNS' fourth-quarter performance is likely to have benefited from higher customer demand amid volatile global macroeconomic conditions.

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image for news Cadence Set to Release Q4 Earnings: Here's What Investors Should Know
Cadence Design Systems (CDNS) Rises Yet Lags Behind Market: Some Facts Worth Knowing
CDNS
Published: February 13, 2025 by: Zacks Investment Research
Sentiment: Negative

The latest trading day saw Cadence Design Systems (CDNS) settling at $296.16, representing a +0.72% change from its previous close.

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image for news Cadence Design Systems (CDNS) Rises Yet Lags Behind Market: Some Facts Worth Knowing

About Cadence Design Systems, Inc. (CDNS)

  • IPO Date 1987-06-10
  • Website https://www.cadence.com
  • Industry Software - Application
  • CEO Dr. Anirudh Devgan Ph.D.
  • Employees 12837

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.