Stoxline.com

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Stoxline Mobile
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Cadence Design Systems, Inc. (CDNS)

229.63   -4.57 (-1.95%) 09-21 11:55
Open: 231.3 Pre. Close: 234.2
High: 232.41 Low: 229.46
Volume: 376,724 Market Cap: 62,411(M)

Technical analysis

as of: 2023-09-21 11:15:15 AM
Short-term rate:       
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Mid-term rate:       
Target: Six months: 275.81     One year: 289.07
Support: Support1: 217.77    Support2: 181.18
Resistance: Resistance1: 236.14    Resistance2: 247.5
Pivot: 239.47
Moving Average: MA(5): 234.56     MA(20): 238.19
MA(100): 228.35     MA(250): 198.52
MACD: MACD(12,26): 0.6     Signal(9): 1.8
Stochastic oscillator: %K(14,3): 18.6     %D(3): 26.7
RSI: RSI(14): 44.4
52-week: High: 248.16  Low: 138.75
Average Vol(K): 3-Month: 1,413 (K)  10-Days: 1,049 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ CDNS ] has closed above bottom band by 2.8%. Bollinger Bands are 18% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 238.57 - 240.06 240.06 - 241.11
Low: 230.62 - 232.5 232.5 - 233.82
Close: 231.76 - 234.48 234.48 - 236.4

Company Description

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 Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation 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 design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

Headline News

Thu, 21 Sep 2023
Cadence Design Systems, Inc. (NASDAQ:CDNS) Receives ... - MarketBeat

Wed, 20 Sep 2023
Cadence Design Systems Inc. stock falls Wednesday, underperforms market - MarketWatch

Wed, 20 Sep 2023
2023-09-20 | NDAQ:CDNS | Press Release | Cadence Design ... - Stockhouse Publishing

Wed, 20 Sep 2023
Cadence to Acquire Intrinsix Corporation from CEVA - Business Wire

Tue, 19 Sep 2023
Should You Sell Cadence Design Systems Inc (CDNS) in Software - Application Industry? - InvestorsObserver

Tue, 19 Sep 2023
Buckley Wealth Management LLC Invests $229000 in Cadence ... - MarketBeat

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Technology
Industry:  Software—Application
Shares Out. 272 (M)
Shares Float 269 (M)
% Held by Insiders 0.9 (%)
% Held by Institutions 92.1 (%)
Shares Short 2,430 (K)
Shares Short P.Month 2,260 (K)

Stock Financials

EPS 3.3
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 10.69
Profit Margin (%) 23.4
Operating Margin (%) 29
Return on Assets (ttm) 14.4
Return on Equity (ttm) 32.1
Qtrly Rev. Growth 13.8
Gross Profit (p.s.) 11.73
Sales Per Share 13.98
EBITDA (p.s.) 4.56
Qtrly Earnings Growth 19.1
Operating Cash Flow 1,260 (M)
Levered Free Cash Flow 989 (M)

Stock Valuations

PE Ratio 69.83
PEG Ratio 2.6
Price to Book value 21.6
Price to Sales 16.53
Price to Cash Flow 49.86

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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