Cadence Design Systems Stock Today

CDNS Stock  USD 305.85  4.25  1.37%   

Performance

6 of 100

 
Weak
 
Strong
Modest

Odds Of Distress

Less than 1

 
High
 
Low
Very Small
Cadence Design is selling for under 305.85 as of the 16th of April 2024; that is -1.37 percent decrease since the beginning of the trading day. The stock's lowest day price was 304.02. Cadence Design has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Cadence Design Systems are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of April 2023 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
10th of June 1987
Category
Technology
Classification
Information Technology
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. The company has 272.6 M outstanding shares of which 2.75 M shares are currently shorted by private and institutional investors with about 1.89 trading days to cover. More on Cadence Design Systems

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Cadence Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cadence Design's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cadence Design or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Cadence Design's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cadence Design's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
President CEO, DirectorLipBu Tan
Thematic Ideas
Showing 3 out of 4 themes
Business ConcentrationApplication Software, Software - Application, Information Technology, NASDAQ 100 Pre, Nasdaq CTA Artificial, SP 500 Index, NASDAQ 100 Technology, Nasdaq 100, NASDAQ Composite, Data Storage, Software, SRI Sustainable Growth, Technology, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Cadence Design report their recommendations after researching Cadence Design's financial statements, talking to executives and customers, or listening in on Cadence Design's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cadence Design Systems. The Cadence consensus assessment is calculated by taking the average forecast from all of the analysts covering Cadence Design.
Financial Strength
Based on the analysis of Cadence Design's profitability, liquidity, and operating efficiency, Cadence Design Systems is performing exceptionally good at the present time. It has a great chance to report excellent financial results in May. Financial strength of Cadence Design Systems is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.850.7214
Fairly Up
Pretty Stable
Gross Profit Margin0.640.8892
Way Down
Very volatile
Total Current Liabilities1.7 B1.6 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total449 M674.4 M
Way Down
Slightly volatile
Total AssetsB5.7 B
Sufficiently Up
Slightly volatile
Total Current Assets2.1 BB
Sufficiently Up
Slightly volatile
Cadence Design's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cadence Design's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Cadence Design's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Cadence Design's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cadence Design's financial leverage. It provides some insight into what part of Cadence Design's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Cadence Design's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Cadence Design deploys its capital and how much of that capital is borrowed.
Liquidity
Cadence Design cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 806.03 M in liabilities with Debt to Equity (D/E) ratio of 0.29, which may suggest the company is not taking enough advantage from borrowing. Cadence Design Systems has a current ratio of 1.3, suggesting that it is in a questionable position to pay out its financial obligations when due. Debt can assist Cadence Design until it has trouble settling it off, either with new capital or with free cash flow. So, Cadence Design's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cadence Design Systems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cadence to invest in growth at high rates of return. When we think about Cadence Design's use of debt, we should always consider it together with cash and equity.

Dividends Paid

555.48 Million
Cadence Design Systems (CDNS) is traded on NASDAQ Exchange in USA. It is located in Building 5, San Jose, CA, United States, 95134 and employs 11,200 people. Cadence Design is listed under Application Software category by Fama And French industry classification. 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 Design Systems conducts business under Software sector and is part of Information Technology industry. The entity has 272.6 M outstanding shares of which 2.75 M shares are currently shorted by private and institutional investors with about 1.89 trading days to cover. Cadence Design Systems currently holds about 1.03 B in cash with 1.35 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.74.
Check Cadence Design Probability Of Bankruptcy
Ownership Allocation
Cadence Design Systems retains a total of 272.6 Million outstanding shares. The majority of Cadence Design Systems outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cadence Design Systems to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cadence Design. Please pay attention to any change in the institutional holdings of Cadence Design Systems as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Cadence Ownership Details

Cadence Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Cadence Design jumping above the current price in 90 days from now is about 35.02%. The Cadence Design Systems probability density function shows the probability of Cadence Design stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Cadence Design Systems has a beta of -0.0941 suggesting as returns on the benchmark increase, returns on holding Cadence Design are expected to decrease at a much lower rate. During a bear market, however, Cadence Design Systems is likely to outperform the market. Additionally, cadence Design Systems has an alpha of 0.2476, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 305.85HorizonTargetOdds Above 305.85
64.73%90 days
 305.85 
35.02%
Based on a normal probability distribution, the odds of Cadence Design to move above the current price in 90 days from now is about 35.02 (This Cadence Design Systems probability density function shows the probability of Cadence Stock to fall within a particular range of prices over 90 days) .

Cadence Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Cadence Design that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cadence Design's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cadence Design's value.
InstituionRecorded OnShares
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
View Cadence Design Diagnostics

Cadence Design Historical Income Statement

Cadence Design Systems Income Statement is one of the three primary financial statements used for reporting Cadence's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cadence Design Systems revenue and expense. Cadence Design Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Cadence Design's Total Operating Expenses is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 1.3 B in 2024, whereas Selling General Administrative is likely to drop slightly above 152.6 M in 2024. View More Fundamentals

Cadence Stock Against Markets

Picking the right benchmark for Cadence Design stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cadence Design stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cadence Design is critical whether you are bullish or bearish towards Cadence Design Systems at a given time. Please also check how Cadence Design's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cadence Design without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Cadence Design Corporate Directors

Cadence Design corporate directors refer to members of a Cadence Design board of directors. The board of directors generally takes responsibility for the Cadence Design's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cadence Design's board members must vote for the resolution. The Cadence Design board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Cadence Stock?

Before investing in Cadence Design, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cadence Design. To buy Cadence Design stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cadence Design. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Cadence Design stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Cadence Design Systems stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Cadence Design Systems stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cadence Design Systems, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cadence Stock please use our How to Invest in Cadence Design guide.

Already Invested in Cadence Design Systems?

The danger of trading Cadence Design Systems is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cadence Design is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cadence Design. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cadence Design Systems is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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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.