NASDAQ: CDNS · IEX Real-Time Price · USD
311.70
+10.87 (3.61%)
At close: Jun 12, 2024, 4:00 PM
311.95
+0.25 (0.08%)
After-hours: Jun 12, 2024, 6:24 PM EDT
3.61% (1D)
| Market Cap | 84.82B |
| Revenue (ttm) | 4.08B |
| Net Income (ttm) | 1.05B |
| Shares Out | 272.13M |
| EPS (ttm) | 3.84 |
| PE Ratio | 81.17 |
| Forward PE | 49.66 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,059,827 |
| Open | 305.72 |
| Previous Close | 300.83 |
| Day's Range | 303.80 - 312.74 |
| 52-Week Range | 217.77 - 327.36 |
| Beta | 1.04 |
| Analysts | Buy |
| Price Target | 331.11 (+6.23%) |
| Earnings Date | Jul 22, 2024 |
About CDNS
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks 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 logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including ... [Read more]
Industry Software - Application
Sector Technology
IPO Date Jun 10, 1987
Employees 11,200
Stock Exchange NASDAQ
Ticker Symbol CDNS
Full Company Profile
Financial Performance
In 2023, CDNS's revenue was $4.09 billion, an increase of 14.83% compared to the previous year's $3.56 billion. Earnings were $1.04 billion, an increase of 22.64%.
Financial Statements
Analyst Forecast
According to 9 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is $331.11, which is an increase of 6.23% from the latest price.
Price Target
$331.11
(6.23% upside)
Analyst Consensus: Buy
Stock Forecasts
News
Cadence and Samsung Foundry Accelerate Chip Innovation for Advanced AI and 3D-IC Applications
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence's broad and close collaboration with Samsung Foundry includes technology advancements to accelerate design for AI and 3D-IC semiconductors.
7 hours ago - Business Wire
Cadence's John Wall to Present at Nasdaq Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at Nasdaq Conference.
9 days ago - Business Wire
Cadence Completes Acquisition of BETA CAE
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence completed its acquisition of BETA CAE Systems International AG, a leading provider of multi-domain, engineering simulation solutions.
9 days ago - Business Wire
Cadence's John Wall to Present at BofA Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at BofA Conference.
15 days ago - Business Wire
Cadence's Anirudh Devgan to Present at Bernstein Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Bernstein Conference.
20 days ago - Business Wire
Cadence's Anirudh Devgan to Present at J.P. Morgan Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at J.P. Morgan Conference.
4 weeks ago - Business Wire
Cadence's Nimish Modi to Present at Needham Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Nimish Modi to Present at Needham Conference.
4 weeks ago - Business Wire
Best Stocks to Buy Now
Our list of the best stocks to buy now reflect the lesson of the past few years: Be ready for anything.
Other symbols: DFSFANGKOPFETMOVMC
6 weeks ago - Kiplinger
Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence and TSMC extended their longstanding collaboration by announcing a broad range of innovative technology advancements to accelerate design.
7 weeks ago - Business Wire
Cadence Reports First Quarter 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports First Quarter 2024 Financial Results.
7 weeks ago - Business Wire
New Cadence supercomputers aim to speed creation of chips, software
Cadence Design Systems on Wednesday introduced the latest version of supercomputer based around a custom computing chip designed to speed up the creation of other computing chips and the software that...
2 months ago - Reuters
Cadence Announces First Quarter 2024 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its first quarter 2024 financial results webcast on Monday, April 22, 2024.
2 months ago - Business Wire
Semi stocks will continue to bifurcate in performance, says James Cakmak
James Cakmak, Clockwise Capital Partner, discusses the recent run-up in semiconductor stocks.
Other symbols: ADIAMATAMDASMLAVGOINTCKLAC
2 months ago - CNBC Television
Cadence exec on Nvidia partnership and AI: 'We are standing at the cusp of a revolution'
Chip giant Nvidia (NVDA) — currently showcasing its latest semiconductor and AI products at its 2024 GTC event — will be expanding its partnership with software company Cadence Design Systems (CDNS), ...
Other symbols: NVDA
2 months ago - Yahoo Finance
Revolutionary Cadence Reality Digital Twin Platform to Transform Data Center Design for the AI Era
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence introduced the industry's first comprehensive AI-driven digital twin solution to facilitate sustainable data center design and modernization.
3 months ago - Business Wire
Cadence and NVIDIA Unveil Groundbreaking Generative AI and Accelerated Compute-Driven Innovations
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced an expansion of its collaboration with NVIDIA, unveiling solutions to reinvent design using accelerated computing and generative AI.
Other symbols: NVDA
3 months ago - Business Wire
AI talk is surging during company earnings calls — and so are those companies' shares
Company executives in the fourth quarter produced the second-highest amount of talk about artificial intelligence for any quarter in at least a decade, according to a tally from FactSet.
Other symbols: ANETAVGOCRMGOOGGOOGLHPEMETA
3 months ago - Market Watch
Cadence Collaborates with Arm to Jumpstart the Automotive Chiplet Ecosystem
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence is collaborating with Arm to jumpstart the automotive chiplet ecosystem with an ADAS reference design and software development platform.
3 months ago - Business Wire
Cadence Buys BETA CAE Systems in $1.24 Billion Deal
Cadence Design Systems (CDNS) said Tuesday it will acquire BETA CAE Systems for $1.24 billion in cash and stock.
3 months ago - Investopedia
Cadence to buy BETA CAE for $1.24 billion
Cadence Design Systems Inc (NASDAQ: CDNS) opened in the red on Tuesday after announcing plans of buying BETA CAE Systems International for $1.24 billion. Why is Cadence buying BETA CAE?
3 months ago - Invezz
Cadence to Acquire BETA CAE, Expanding into Structural Analysis
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence entered into a definitive agreement to acquire BETA CAE, a leading system analysis platform provider of engineering simulation solutions.
3 months ago - Business Wire
Cadence Expands Tensilica Vision Family with Radar Accelerator and New DSPs Optimized for Automotive Applications
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence expanded its Tensilica IP portfolio to address the growing computational requirements associated with automotive sensor fusion applications.
3 months ago - Business Wire
Nvidia's AI Boom Spurs AMD, ARM, Super Micro, Palantir, and Many Other Stocks
CEO Jen-Hsun Huang said AI is “enabling a whole new industry.”
Other symbols: NVDAAMATAMDANETARMAVGODELL
3 months ago - Barrons
Intel and Cadence Expand Partnership to Enable Best-in-Class SoC Design on Intel's Advanced Processes
SANTA CLARA, Calif. & SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--IFS and Cadence entered into a multiyear agreement to jointly develop customized IP, optimized design flows and techniques for Intel ...
4 months ago - Business Wire
Cramer's Stop Trading: Cadence Design Systems
CNBC's Jim Cramer explains why he is keeping an eye on shares of Cadence Design Systems.
4 months ago - CNBC Television
