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 18.7359
  • Book/Share 18.4313
  • PB 19.1718
  • Debt/Equity 0.495
  • CurrentRatio 2.8215
  • ROIC 0.1382

 

  • MktCap 96287066400.0
  • FreeCF/Share 5.8354
  • PFCF 60.7455
  • PE 94.8507
  • Debt/Assets 0.2606
  • DivYield 0
  • ROE 0.2128

 

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

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation CDNS BNP Paribas Exane -- Outperform -- $400 Oct. 2, 2025
Downgrade CDNS Piper Sandler Overweight Neutral -- $355 July 29, 2025
Initiation CDNS Goldman -- Buy -- $380 July 10, 2025
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

21 stocks that Wall Street analysts now think are bargains in this year's worst-performing sector
ACN, ANET, AVGO, CDNS, CRM, CRWD, DELL, FSLR, JBL, MSFT, MSI, MU, NOW, NVDA, NXPI, SNPS, TDY, TRMB, WDAY, WDC
Published: April 08, 2025 by: Market Watch
Sentiment: Positive

Investors have had quite a wake-up call to daily volatility in the stock market. As we saw on Monday, the broad indexes can shift to large gains and then back into deep red territory as rumors circulate.

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image for news 21 stocks that Wall Street analysts now think are bargains in this year's worst-performing sector
These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
CDNS, VZ
Published: April 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

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image for news These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
Will Cadence (CDNS) Beat Estimates Again in Its Next Earnings Report?
CDNS
Published: April 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Cadence (CDNS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Will Cadence (CDNS) Beat Estimates Again in Its Next Earnings Report?
Cadence Focuses on Acquisitions to Supplement Organic Growth
CDNS
Published: March 31, 2025 by: Zacks Investment Research
Sentiment: Positive

CDNS' inorganic expansion approach has played a pivotal part in developing its business in the last few years.

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image for news Cadence Focuses on Acquisitions to Supplement Organic Growth
Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know
CDNS
Published: March 31, 2025 by: Zacks Investment Research
Sentiment: Positive

Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know
Cadence Stock Plunges 10% YTD: How Should You Play the Stock?
CDNS
Published: March 26, 2025 by: Zacks Investment Research
Sentiment: Neutral

CDNS' robust portfolio amid increasing design activity is promising, but external risks warrant caution. Investors should wait for a better entry point.

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image for news Cadence Stock Plunges 10% YTD: How Should You Play the Stock?
Cadence & NVIDIA Expand Collaboration to Power AI Innovations
CDNS, NVDA
Published: March 19, 2025 by: Zacks Investment Research
Sentiment: Positive

With NVDA's latest Blackwell architecture, CDNS aims to drive significant advancements in engineering, scientific simulations and AI-powered design processes.

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image for news Cadence & NVIDIA Expand Collaboration to Power AI Innovations
Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know
CDNS
Published: March 18, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Cadence (CDNS). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention: Here is What You Should Know
Cadence's Anirudh Devgan to Present at Morgan Stanley Conference
CDNS
Published: February 25, 2025 by: Business Wire
Sentiment: Neutral

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Morgan Stanley Conference.

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image for news Cadence's Anirudh Devgan to Present at Morgan Stanley Conference
Cadence Design Systems, Inc. (CDNS) Is a Trending Stock: Facts to Know Before Betting on It
CDNS
Published: February 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Cadence Design Systems, Inc. (CDNS) Is a Trending Stock: Facts to Know Before Betting on It
Cadence: Long Term Outlook Still Strong Despite Double-Digit Drop
CDNS
Published: February 24, 2025 by: MarketBeat
Sentiment: Neutral

As of the Feb. 20 close, shares of semiconductor staple Cadence Design Systems NASDAQ: CDNS have fallen significantly in 2025. The stock's 10% drop is largely due to its Q4 earnings release that revealed disappointing guidance for 2025.

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image for news Cadence: Long Term Outlook Still Strong Despite Double-Digit Drop
Should You Buy, Sell or Hold Cadence Stock Post Q4 Earnings?
CDNS
Published: February 21, 2025 by: Zacks Investment Research
Sentiment: Positive

CDNS' robust portfolio amid increasing design activity is promising, but external risks warrant caution. Investors should wait for a better entry point.

Read More
image for news Should You Buy, Sell or Hold Cadence Stock Post Q4 Earnings?
Cadence's Q4 Earnings & Revenues Surpass Estimates, Surge Y/Y
CDNS
Published: February 19, 2025 by: Zacks Investment Research
Sentiment: Positive

CDNS reports better-than-expected fourth-quarter results on solid demand trends. Revenues for 2025 are expected to be in the range of $5.14-$5.22 billion.

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image for news Cadence's Q4 Earnings & Revenues Surpass Estimates, Surge Y/Y
Cadence Design Systems Q4: Record Backlog, But The Stock Is Overvalued
CDNS
Published: February 19, 2025 by: Seeking Alpha
Sentiment: Negative

I reiterate a “Sell” rating on Cadence Design Systems, Inc. with a one-year price target of $250 per share, citing overvaluation concerns. Despite 26.8% revenue growth and 35.4% operating profit growth, potential export restrictions to China remain a key risk. Strong AI chip demand and AI infrastructure buildout have driven a robust $6.8 billion backlog, supporting near-term business growth.

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image for news Cadence Design Systems Q4: Record Backlog, But The Stock Is Overvalued
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 Anirudh Devgan
  • 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.