282.41
1.92%
+5.33
After Hours:
282.41
Cadence Design Systems, Inc. stock is currently priced at $282.41, with a 24-hour trading volume of 2.11M.
It has seen a +1.92% increased in the last 24 hours and a -10.63% declined in the past month.
The chart indicates a potential bullish trend, as the stock is above the $276.7 pivot point. If it approaches the $282.8 resistance level, significant changes may occur.
Previous Close:
$277.08
Open:
$278.5
24h Volume:
2.11M
Market Cap:
$76.85B
Revenue:
$4.08B
Net Income/Loss:
$1.05B
P/E Ratio:
80.46
EPS:
3.51
Net Cash Flow:
$1.21B
1W Performance:
+0.77%
1M Performance:
-10.63%
6M Performance:
+22.55%
1Y Performance:
+38.70%
Cadence Design Systems, Inc. Stock (CDNS) Company Profile
Name
Cadence Design Systems, Inc.
Sector
Industry
Phone
408-943-1234
Address
2655 Seely Avenue, Building 5, San Jose, CA
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) Latest News
Understanding Cadence (CDNS) Reliance on International Revenue
Zacks Investment Research
Seagate's (STX) Q3 Earnings Beat Estimates, Revenues Miss
Zacks Investment Research
Cadence Design Systems Gives Investors the Latest News
The Motley Fool
Cadence (CDNS) Q1 Earnings Top Estimates, Revenues Down Y/Y
Zacks Investment Research
SAP's Q1 Earnings and Revenues Rise Y/Y on Cloud Strength
Zacks Investment Research
Markets Close in the Green; Mag 7 Earnings This Week
Zacks Investment Research
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.
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.
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.
Cadence Design Systems, Inc. (CDNS) Earnings per Share 2024
CDNS earnings per share (TTM) was $3.84 for the quarter ending March 31, 2024, a +22.68% growth year-over-year.
Cadence Design Systems, Inc. Stock (CDNS) Insider Trading
Insider Trading | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total |
---|---|---|---|---|---|---|---|
Cunningham Paul | Sr. Vice President |
Apr 01 '24 |
Sale |
310.46 |
1,000 |
310,460 |
68,144 |
Nisewaner Karna | SVP & General Counsel |
Apr 01 '24 |
Sale |
310.46 |
600 |
186,276 |
21,080 |
WALL JOHN M | Sr. VP & CFO |
Mar 28 '24 |
Sale |
311.40 |
21,700 |
6,757,342 |
41,035 |
DEVGAN ANIRUDH | President and CEO |
Mar 18 '24 |
Sale |
302.50 |
48,533 |
14,681,186 |
67,812 |
ZAMAN ANEEL | Sr. Vice President |
Mar 18 '24 |
Sale |
302.52 |
23,592 |
7,137,108 |
24,499 |
SANGIOVANNI VINCENTELLI ALBERT | Director |
Mar 14 '24 |
Sale |
309.16 |
1,500 |
463,736 |
51,683 |
PLUMMER JAMES D | Director |
Mar 07 '24 |
Sale |
315.40 |
2,412 |
760,745 |
22,923 |
Cunningham Paul | Sr. Vice President |
Mar 01 '24 |
Sale |
303.23 |
1,000 |
303,230 |
83,946 |
Nisewaner Karna | SVP & General Counsel |
Mar 01 '24 |
Sale |
303.23 |
600 |
181,938 |
17,595 |
WALL JOHN M | Sr. VP & CFO |
Feb 28 '24 |
Sale |
299.00 |
2,700 |
807,300 |
76,552 |
About Cadence Design Systems, Inc.
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.
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