Cadence Design Systems Stock Analysis

CDNS Stock  USD 305.85  4.25  1.37%   
Cadence Design Systems is overvalued with Real Value of 262.95 and Target Price of 270.86. The main objective of Cadence Design stock analysis is to determine its intrinsic value, which is an estimate of what Cadence Design Systems is worth, separate from its market price. There are two main types of Cadence Design's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Cadence Design's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Cadence Design's stock to identify patterns and trends that may indicate its future price movements.
The Cadence Design stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Cadence Design is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Cadence Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Cadence Design's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Cadence Stock Analysis Notes

About 91.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 2.84. Cadence Design Systems had not issued any dividends in recent years. The entity had 2:1 split on the 17th of November 1997. Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit design blocks worldwide. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California. Cadence Design operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 9300 people. For more info on Cadence Design Systems please contact LipBu Tan at 408 943 1234 or go to https://www.cadence.com.

Cadence Design Quarterly Total Revenue

1.07 Billion

Cadence Design Systems Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Cadence Design's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Cadence Design Systems or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Cadence Design is unlikely to experience financial distress in the next 2 years
Cadence Design has a strong financial position based on the latest SEC filings
Over 91.0% of the company shares are held by institutions such as insurance companies
Latest headline from finance.yahoo.com: 3 Giant Tech Stocks to Buy in April and Hold Forever

Cadence Design Systems Upcoming and Recent Events

Earnings reports are used by Cadence Design to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Cadence Design previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
12th of February 2024
Upcoming Quarterly Report
View
22nd of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
12th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Cadence Largest EPS Surprises

Earnings surprises can significantly impact Cadence Design's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2011-04-27
2011-03-310.080.090.0112 
2010-10-27
2010-09-300.030.040.0133 
2010-04-28
2010-03-310.010.020.01100 
View All Earnings Estimates

Cadence Design Thematic Classifications

In addition to having Cadence Design stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Data Storage Idea
Data Storage
Data Storage
Software Idea
Software
Software, software systems, and software services
SRI Sustainable Growth Idea
SRI Sustainable Growth
Large and mid-sized companies that operate under the guidelines of socially responsible investing - SRI
Technology Idea
Technology
Research or development of technologically based good

Cadence Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Cadence Design is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cadence Design Systems backward and forwards among themselves. Cadence Design's institutional investor refers to the entity that pools money to purchase Cadence Design's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Franklin Resources Inc2023-12-31
M
Pictet Asset Manangement Sa2023-12-31
2.9 M
Ubs Asset Mgmt Americas Inc2023-12-31
2.9 M
Northern Trust Corp2023-12-31
2.8 M
Jpmorgan Chase & Co2023-12-31
2.6 M
Alliancebernstein L.p.2023-12-31
2.6 M
Legal & General Group Plc2023-12-31
2.5 M
Hhg Plc2023-12-31
2.4 M
Bank Of New York Mellon Corp2023-12-31
2.1 M
Blackrock Inc2023-12-31
30.6 M
Vanguard Group Inc2023-12-31
24.5 M
Note, although Cadence Design's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Cadence Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 83.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cadence Design's market, we take the total number of its shares issued and multiply it by Cadence Design's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Cadence Profitablity

Cadence Design's profitability indicators refer to fundamental financial ratios that showcase Cadence Design's ability to generate income relative to its revenue or operating costs. If, let's say, Cadence Design is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Cadence Design's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Cadence Design's profitability requires more research than a typical breakdown of Cadence Design's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.25 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.32 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.32.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.27  0.29 
Return On Capital Employed 0.31  0.33 
Return On Assets 0.18  0.19 
Return On Equity 0.31  0.32 

Management Efficiency

Cadence Design Systems has return on total asset (ROA) of 0.1474 % which means that it generated a profit of $0.1474 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3386 %, meaning that it created $0.3386 on every $100 dollars invested by stockholders. Cadence Design's management efficiency ratios could be used to measure how well Cadence Design manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.29 in 2024. Return On Capital Employed is likely to gain to 0.33 in 2024. At this time, Cadence Design's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 3.9 B in 2024, whereas Intangible Assets are likely to drop slightly above 324.2 M in 2024.
Last ReportedProjected for Next Year
Book Value Per Share 12.64  13.27 
Net Current Asset Value 0.00  0.00 
Tangible Asset Value 0.00  0.00 
Tangible Book Value Per Share 5.69  5.97 
Enterprise Value Over EBITDA 51.72  46.13 
Price Book Value Ratio 21.55  22.63 
Enterprise Value Multiple 51.72  46.13 
Price Fair Value 21.55  22.63 
Enterprise Value768 M1.2 B
The analysis of Cadence Design's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Cadence Design's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Cadence Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta
1.032

Technical Drivers

As of the 16th of April 2024, Cadence Design shows the mean deviation of 1.43, and Risk Adjusted Performance of 0.093. Cadence Design Systems technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Cadence Design Systems, which can be compared to its peers. Please confirm Cadence Design Systems standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if Cadence Design Systems is priced correctly, providing market reflects its regular price of 305.85 per share. Given that Cadence Design has jensen alpha of 0.2476, we suggest you to validate Cadence Design Systems's prevailing market performance to make sure the company can sustain itself at a future point.

Cadence Design Systems Price Movement Analysis

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Cadence Design middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Cadence Design Systems. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Cadence Design Systems Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Cadence Design insiders, such as employees or executives, is commonly permitted as long as it does not rely on Cadence Design's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Cadence Design insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Cadence Design Outstanding Bonds

Cadence Design issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Cadence Design Systems uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Cadence bonds can be classified according to their maturity, which is the date when Cadence Design Systems has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Cadence Design Predictive Daily Indicators

Cadence Design intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Cadence Design stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Cadence Design Corporate Filings

10th of April 2024
Other Reports
ViewVerify
F4
3rd of April 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
2nd of April 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
21st of March 2024
Other Reports
ViewVerify
F4
19th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
18th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
11th of March 2024
Other Reports
ViewVerify
8K
5th of March 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify

Cadence Design Forecast Models

Cadence Design's time-series forecasting models are one of many Cadence Design's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Cadence Design's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Cadence Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Cadence Design prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Cadence shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Cadence Design. By using and applying Cadence Stock analysis, traders can create a robust methodology for identifying Cadence entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.31  0.33 
Operating Profit Margin 0.31  0.33 
Net Profit Margin 0.25  0.27 
Gross Profit Margin 0.89  0.64 

Current Cadence Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Cadence analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Cadence analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
270.86Strong Buy17Odds
Cadence Design Systems current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Cadence analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cadence stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cadence Design Systems, talking to its executives and customers, or listening to Cadence conference calls.
Cadence Analyst Advice Details

Cadence Stock Analysis Indicators

Cadence Design Systems stock analysis indicators help investors evaluate how Cadence Design stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Cadence Design shares will generate the highest return on investment. By understating and applying Cadence Design stock analysis, traders can identify Cadence Design position entry and exit signals to maximize returns.
Begin Period Cash Flow882.3 M
Long Term Debt299.8 M
Common Stock Shares Outstanding272.7 M
Total Stockholder Equity3.4 B
Tax Provision172.8 M
Quarterly Earnings Growth Y O Y0.351
Property Plant And Equipment Net554 M
Cash And Short Term Investments1.1 B
CashB
Accounts Payable91.2 M
Net Debt-202.1 M
50 Day M A306.3976
Total Current Liabilities1.6 B
Other Operating Expenses2.8 B
Non Current Assets Total3.7 B
Forward Price Earnings51.5464
Non Currrent Assets Other137.2 M
Stock Based Compensation325.6 M
When determining whether Cadence Design Systems is a strong investment it is important to analyze Cadence Design's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cadence Design's future performance. For an informed investment choice regarding Cadence Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Cadence Design's price analysis, check to measure Cadence Design's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cadence Design is operating at the current time. Most of Cadence Design's value examination focuses on studying past and present price action to predict the probability of Cadence Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadence Design's price. Additionally, you may evaluate how the addition of Cadence Design to your portfolios can decrease your overall portfolio volatility.
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Is Cadence Design's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cadence Design. If investors know Cadence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cadence Design listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.351
Earnings Share
3.83
Revenue Per Share
15.183
Quarterly Revenue Growth
0.188
Return On Assets
0.1474
The market value of Cadence Design Systems is measured differently than its book value, which is the value of Cadence that is recorded on the company's balance sheet. Investors also form their own opinion of Cadence Design's value that differs from its market value or its book value, called intrinsic value, which is Cadence Design's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cadence Design's market value can be influenced by many factors that don't directly affect Cadence Design's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cadence Design's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cadence Design is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cadence Design's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.