Cadence Design | CDNS Stock Price, Company Overview & News (2024)

From the Editor: Notable and Noteworthy

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

Cadence Design Company Stats

As of June 2023

Industry: IT Software & Services

Headquarters: San Jose, California

Country/Territory: United States

Chief Executive Officer: Anirudh Devgan

Employees: 11,200

Forbes Lists

#1175

Global 2000 (2023)

#1120 - PROFITS

#264 - MARKET VALUE

#498

World's Best Employers (2019)Dropped off in 2020

Cadence Design Financial Summary

Select list year

2023

2022

2021

2020

2019

Revenue

$3.7B

Assets

$5.2B

Profits

$855.4M

Sources

FactSet, Bloomberg, S&P Cap IQ; Forbes.

Revenue

$3B

Assets

$4.4B

Profits

$696M

Sources

FactSet, Bloomberg, S&P Cap IQ; Forbes.

Revenue

$2.7B

Assets

$4B

Profits

$590.6M

Sources

FactSet, Bloomberg, S&P Cap IQ; Forbes.

Revenue

$2.4B

Assets

$3.8B

Profits

$992.4M

Sources

FactSet, Bloomberg, S&P Cap IQ; Forbes.

Revenue

$2.1B

Assets

$2.5B

Profits

$346M

Cadence Design (CDNS) Stock Price Performance

Cadence Design (CDNS) Stock Key Data

SummaryAdditional DataAnalystsHistorical Quotes

Key Data

Previous Close

295.74

Open

297.33

Days Range

293.56 x 299.40

Volume

997,245

52 Week Range

217.77 x 327.36

Market Cap

$80.72B

P/E Ratio (ttm)

76.67

Forward P/E

46.05

Diluted EPS (ttm)

3.84

Dividends Per Share

N/A

Dividend Yield

N/A

Ex-Dividend Date

N/A

Valuation Measures

P/E Ratio (ttm)

76.67

Forward P/E

46.05

Price to Sales (ttm)

19.45

Price to Book Value (ttm)

22.46

Price to Tangible Book Value (ttm)

48.33

Total Enterprise Value to EBIT (ttm)

66.39

Total Enterprise Value to EBITDA (ttm)

56.67

Total Enterprise Value to Total Revenue (ttm)

19.67

Markets data provided by S&P and by Xignite

Profitability Metrics

Gross Margin (ttm)

89.31%

Operating Margin (ttm)

29.63%

Net Margin (ttm)

25.68%

Return on Assets (ttm)

13.86%

Return on Equity (ttm)

32.17%

Revenue and Earnings Metrics

Revenue (ttm)

$4.08B

Revenue Per Share (ttm)

15.13

Revenue Growth (y/o/y)

10.75%

EBITDA (ttm)

$1.36B

EBITDA Growth (y/o/y)

11.19%

Diluted EPS (ttm)

3.84

Diluted EPS Growth (y/o/y)

22.73

Cash and Debt Metrics

Total Cash

$1.16B

Total Cash Per Share

3.72

Total Debt

$649.31M

Total Debt/Equity

18.20%

Current Ratio

1.32

All values as of most recently reported quarter unless otherwise noted.

Markets data provided by S&P and by Xignite

Consensus Recommendation

Outperform

Consensus Price

325.02

Range of Price Targets

240.00 to 350.00

Range of EPS

6.01 to 6.81

Consensus EPS

6.39

Consensus Revenue

$4.82B

Range of Revenue

$4.67B to $4.98B

Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.
EPS and Revenue estimates are for the next 12 months.

Markets data provided by S&P and by Xignite

DATE	OPEN	HIGH	LOW	CLOSE	ADJUSTED CLOSE	VOLUME
Jun 7, 2024	297.33	299.40	293.56	294.42	294.42	926,688
Jun 6, 2024	296.77	299.08	295.07	295.74	295.74	1,236,979
Jun 5, 2024	287.99	297.13	287.43	296.42	296.42	1,890,272
Jun 4, 2024	288.38	289.84	283.75	287.13	287.13	1,135,386
Jun 3, 2024	287.31	289.67	281.26	286.15	286.15	1,265,897
May 31, 2024	287.67	289.57	279.02	286.31	286.31	3,475,288
May 30, 2024	290.50	290.50	287.38	288.25	288.25	2,121,491
May 29, 2024	291.79	293.00	288.44	291.70	291.70	1,776,841
May 28, 2024	293.07	297.91	293.07	296.21	296.21	1,479,663
May 24, 2024	293.70	297.68	291.03	294.28	294.28	957,105

Markets data provided by S&P and by Xignite

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