stoxline Quote Chart Rank Option Currency Glossary
  
Cadence Design Systems, Inc. (CDNS)
282.99  -4.09 (-1.42%)    07-23 16:00
Open: 285.86
High: 291.83
Volume: 3,245,213
  
Pre. Close: 287.08
Low: 280.77
Market Cap: 77,093(M)
Technical analysis
2024-07-23 4:51:07 PM
Short term     
Mid term     
Targets 6-month :  359.35 1-year :  384.26
Resists First :  307.66 Second :  328.98
Pivot price 305.25
Supports First :  273.17 Second :  227.27
MAs MA(5) :  283.19 MA(20) :  306.31
MA(100) :  300.84 MA(250) :  275.06
MACD MACD :  -5.3 Signal :  -0.8
%K %D K(14,3) :  20.7 D(3) :  15.3
RSI RSI(14): 35.6
52-week High :  328.98 Low :  217.77
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ CDNS ] has closed above bottom band by 15.0%. Bollinger Bands are 127.5% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 3 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 292.14 - 293.82 293.82 - 295.33
Low: 276.99 - 278.78 278.78 - 280.4
Close: 280.41 - 283.29 283.29 - 285.88
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

Tue, 23 Jul 2024
Cadence Design Systems: Negatives Priced In For 3 Straight Quarters - Time To Buy (CDNS) - Seeking Alpha

Tue, 23 Jul 2024
Cadence Design Systems (NASDAQ:CDNS) Posts Quarterly Earnings Results - Defense World

Tue, 23 Jul 2024
Should You Investigate Cadence Design Systems, Inc. (NASDAQ:CDNS) At US$287? - Yahoo Finance

Tue, 23 Jul 2024
What 7 Analyst Ratings Have To Say About Cadence Design Sys - Quantisnow

Tue, 23 Jul 2024
Cadence Design Systems (NASDAQ:CDNS) Rating Reiterated by Needham & Company LLC - Defense World

Tue, 23 Jul 2024
Cadence Design Systems Inc (CDNS) Q2 2024 Earnings Call Transcri - GuruFocus.com

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Technology
Industry:
Software - Application
Shares Out 272 (M)
Shares Float 270 (M)
Held by Insiders 0.8 (%)
Held by Institutions 91.1 (%)
Shares Short 3,710 (K)
Shares Short P.Month 3,510 (K)
Stock Financials
EPS 3.83
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 13.1
Profit Margin 25.6 %
Operating Margin 25.6 %
Return on Assets (ttm) 13.8 %
Return on Equity (ttm) 32.1 %
Qtrly Rev. Growth -1.3 %
Gross Profit (p.s.) 0
Sales Per Share 14.97
EBITDA (p.s.) 4.99
Qtrly Earnings Growth 2.2 %
Operating Cash Flow 1,340 (M)
Levered Free Cash Flow 1,070 (M)
Stock Valuations
PE Ratio 73.69
PEG Ratio 2.8
Price to Book value 21.58
Price to Sales 18.89
Price to Cash Flow 57.53
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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