318.39
price down icon0.04%   -0.14
after-market  After Hours:  316.00  -2.39   -0.75%
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Cadence Design Systems, Inc. stock is currently priced at $318.39, with a 24-hour trading volume of 2.35M. It has seen a -0.04% decreased in the last 24 hours and a +9.75% rose in the past month. The chart indicates a potential bearish trend, as the stock is below the $321.7 pivot point. If it approaches the $314.4 support level, significant changes may occur.
Previous Close:
$318.53
Open:
$319.43
24h Volume:
2.35M
Market Cap:
$86.64B
Revenue:
$4.08B
Net Income/Loss:
$1.05B
P/E Ratio:
90.71
EPS:
3.51
Net Cash Flow:
$1.21B
1W Performance:
+2.02%
1M Performance:
+9.75%
6M Performance:
+15.54%
1Y Performance:
+39.64%
1D Range:
Value
$313.72
$319.53
52W Range:
Value
$217.77
$328.99

Cadence Design Systems, Inc. Stock (CDNS) Company Profile

Name
Name
Cadence Design Systems, Inc.
Name
Phone
408-943-1234
Name
Address
2655 Seely Avenue, Building 5, San Jose, CA
Name
Employee
7,200
Name
Twitter
@cadence
Name
Next Earnings Date
2024-05-30
Name
Latest SEC Filings
Name
CDNS's Discussions on Twitter

Cadence Design Systems, Inc. Stock (CDNS) Upgrades & Downgrades

Date Action Analyst Rating Change
Feb-14-24 Upgrade Morgan Stanley Equal-Weight → Overweight
Feb-13-24 Downgrade Rosenblatt Buy → Neutral
Nov-10-23 Initiated Morgan Stanley Equal-Weight
Jul-20-23 Upgrade Stifel Hold → Buy
Jan-17-23 Upgrade Atlantic Equities Neutral → Overweight
Dec-16-22 Upgrade BofA Securities Neutral → Buy
Sep-29-22 Initiated Deutsche Bank Buy
Sep-08-22 Initiated Stifel Hold
Aug-17-22 Initiated Wolfe Research Outperform
Jun-29-22 Upgrade BofA Securities Underperform → Neutral
Feb-23-22 Upgrade Berenberg Hold → Buy
Jan-10-22 Reiterated BofA Securities Underperform
Dec-14-21 Downgrade JP Morgan Overweight → Neutral
Oct-20-21 Initiated Needham Buy
Sep-17-21 Resumed Rosenblatt Buy
Jun-25-21 Initiated Rosenblatt Buy
Jan-11-21 Downgrade BofA Securities Buy → Underperform
Jan-05-21 Upgrade KeyBanc Capital Markets Sector Weight → Overweight
Dec-09-20 Upgrade JP Morgan Neutral → Overweight
May-27-20 Initiated UBS Neutral
Apr-22-20 Upgrade BofA/Merrill Neutral → Buy
Feb-19-20 Initiated Robert W. Baird Outperform
Feb-13-20 Resumed The Benchmark Company Buy
Oct-11-19 Upgrade Wells Fargo Market Perform → Outperform
Sep-23-19 Initiated BofA/Merrill Neutral
Sep-11-19 Resumed JP Morgan Neutral
May-15-19 Initiated Wells Fargo Market Perform
Apr-10-19 Resumed KeyBanc Capital Markets Sector Weight
Mar-14-19 Reiterated Needham Buy
Nov-20-18 Initiated Berenberg Hold
Oct-23-18 Upgrade JP Morgan Underweight → Neutral
Oct-23-18 Upgrade The Benchmark Company Hold → Buy
Jul-25-18 Reiterated Needham Buy
Jul-24-18 Reiterated Griffin Securities Buy
Jul-24-18 Reiterated Needham Buy
Apr-24-18 Upgrade Needham Hold → Buy
Oct-11-17 Reiterated RBC Capital Mkts Outperform
Jul-25-17 Reiterated RBC Capital Mkts Outperform
View All

Cadence Design Systems, Inc. Stock (CDNS) Financials Data

Cadence Design Systems, Inc. (CDNS) Revenue 2024

CDNS reported a revenue (TTM) of $4.08 billion for the quarter ending March 31, 2024, a +10.75% rise year-over-year.
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Cadence Design Systems, Inc. (CDNS) Net Income 2024

CDNS net income (TTM) was $1.05 billion for the quarter ending March 31, 2024, a +22.39% increase year-over-year.
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Cadence Design Systems, Inc. (CDNS) Cash Flow 2024

CDNS recorded a free cash flow (TTM) of $1.21 billion for the quarter ending March 31, 2024, a +16.24% increase year-over-year.
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Cadence Design Systems, Inc. (CDNS) Earnings per Share 2024

CDNS earnings per share (TTM) was $3.84 for the quarter ending March 31, 2024, a +22.68% growth year-over-year.
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Cadence Design Systems, Inc. Stock (CDNS) Insider Trading

Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total
SANGIOVANNI VINCENTELLI ALBERT
Director
Jun 14 '24
Sale
309.09
1,500
463,635
48,051
Cunningham Paul
Sr. Vice President
Jun 11 '24
Sale
295.00
650
191,750
66,494
TENG CHIN-CHI
Sr. Vice President
Jun 06 '24
Option Exercise
120.27
32,184
3,870,624
127,592
TENG CHIN-CHI
Sr. Vice President
Jun 06 '24
Sale
297.45
32,184
9,573,183
95,408
Nisewaner Karna
SVP & General Counsel
Jun 03 '24
Sale
287.31
600
172,386
19,880
SANGIOVANNI VINCENTELLI ALBERT
Director
May 15 '24
Sale
287.14
1,500
430,705
49,551
Cunningham Paul
Sr. Vice President
May 01 '24
Sale
275.36
1,000
275,360
67,144
Nisewaner Karna
SVP & General Counsel
May 01 '24
Sale
275.36
600
165,216
20,480
SANGIOVANNI VINCENTELLI ALBERT
Director
Apr 15 '24
Sale
308.83
1,500
463,238
50,183
Cunningham Paul
Sr. Vice President
Apr 01 '24
Sale
310.46
1,000
310,460
68,144
Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis 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 simulation platform; Palladium Z1, a verification computing platform; and Protium S1 field-programmable gate array prototyping platform. The company also provides digital integrated circuit (IC) design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation tools, including place and route, signal integrity, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry, as well as design for manufacturing products for use in the product development process. In addition, it offers custom IC design and verification 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 interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company was founded in 1988 and is headquartered in San Jose, California.
$65.03
price up icon 1.80%
$320.33
price up icon 2.99%
$219.09
price up icon 2.10%
$242.31
price down icon 0.49%
$70.21
price down icon 0.13%
Cap:     |  Volume (24h):