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Cadence Design Systems (NASDAQ:CDNS)
Stock Analysis

CDNS105.18
▼ -1.88%-2.01

Stock Analysis

The following stock analysis is based on 7.8 years of data (i.e. since Oct 31, 2012). All the stock history has been downloaded.

Stock Exchange

Cadence Design Systems trades on the NasdaqGS exchange in USD dollars.

Sector

It is in the technology sector.

Current Status of Cadence Design Systems

It is currently trading at $105.18 ($107.19 the previous day).

Financials

The next reporting date is in 70 days (2020 10 21).

CNN estimates profits for the upcoming quarter will be $0.60 per share ($641.6M). The current Canada / US exchange rate is 1.33065.



Over the past 12 months, $0 worth of shares have been purchased and $116850080 worth of shares have been sold by insiders.

Will This Trend Continue?

The year over year average increase is 37.5% per year assuming steady exponential growth. The actual 5 year average is 32.1. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year74.39543103448333.8+ Above Average
2 year55.5965633.2+ Above Average
3 year41.74054621848738.8+ Above Average
4 year30.0636885245933.9+ Above Average
5 year22.46038022813720.8- Below Average
Cadence Design Systems is projected by analysts to get to $116.00 within the next 12 months (10.3%), but preticted targets range from as high as $128.00 (21.7%) and as low as $91(-13.5%).

Risk

The worst drop it has had in recent years is -29.3%. It has a shape to the stock curve, which means

Stock shape test

DAYS AG0PRICE
10109.25DROPPING
30100.97RISING
6090.36RISING
15060.95RISING
36568.72DROPPING
80043.21RISING
120032.57RISING
160023RISING
200018.23RISING


With an average increase of 37.5% year over year, if Cadence Design Systems is bought at the worst time, Stockmarketizer analysts estimate it will take 9.4 months before the stock will recover to the original purchase price. The P/E value is 28.93. The stock is under valued as the industry standard in the technology sector is a P/E of 41.54.

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Yahoo News Feed

Is Cadence Design Systems (CDNS) Outperforming Other Computer and Technology Stocks This Year?

Mon, 10 Aug 2020 15:30:03 Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?... Read Full Article

Cadence’s Lip-Bu Tan and John Wall to Present at Needham Virtual SemiCap and EDA Conference

Fri, 07 Aug 2020 00:00:00 Cadence Design Systems, Inc. (Nasdaq: CDNS):... Read Full Article

Cadence Design Systems (CDNS) is a Great Momentum Stock: Should You Buy?

Thu, 30 Jul 2020 16:00:04 Does Cadence Design Systems (CDNS) have what it takes to be a top stock pick for momentum investors? Letand's find out.... Read Full Article

Cadence (CDNS) Soars to 52-Week High, Time to Cash Out?

Thu, 30 Jul 2020 13:15:01 Cadence (CDNS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the companyand's fundamentals for clues.... Read Full Article

A Trio of Picks for the Value Investor

Mon, 27 Jul 2020 16:45:23 These strong businesses could have a high potential Continue reading...... Read Full Article

3 Reasons Why Growth Investors Shouldnand't Overlook Cadence (CDNS)

Mon, 27 Jul 2020 16:45:04 Cadence (CDNS) possesses solid growth attributes, which could help it handily outperform the market.... Read Full Article

Why United Microelectronics Stock Soared Today

Thu, 23 Jul 2020 18:52:14 UMC and Cadence announced a 5G product certification and Fubon Research issued a positive research note.... Read Full Article

2 Buy-Ranked Stocks with Positive Earnings Surprises andand Rising Estimates

Thu, 23 Jul 2020 18:26:06 Here is a quick recap of two buy-ranked stocks worth buying.... Read Full Article

All You Need to Know About Cadence (CDNS) Rating Upgrade to Buy

Thu, 23 Jul 2020 16:00:04 Cadence (CDNS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).... Read Full Article

Has Cadence Design Systems (CDNS) Outpaced Other Computer and Technology Stocks This Year?

Thu, 23 Jul 2020 15:30:03 Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?... Read Full Article

Cadence and UMC Certify mmWave Reference Flow on 28HPC+ Process for Advanced RF Designs

Thu, 23 Jul 2020 14:45:00 Cadence and UMC today announced that the Cadence® mmWave reference flow has achieved certification for UMC’s 28HPC+ process technology.... Read Full Article

Cadence Design Systems, Inc. Just Beat EPS By 56%: Hereand's What Analysts Think Will Happen Next

Thu, 23 Jul 2020 11:31:35 Cadence Design Systems, Inc. (NASDAQ:CDNS) just released its latest second-quarter results and things are looking...... Read Full Article

SoftBank May Not Want Nvidia to Bite Off Its Arm

Wed, 22 Jul 2020 21:51:05 (Bloomberg Opinion) -- Nvidia Corp. has the money and motive to buy British chip designer Arm Ltd. But as much as Arm’s parent SoftBank Group Corp. may be open to a transaction, this particular combination may not be its ...... Read Full Article

Cadence (CDNS) Beats Q2 Earnings Estimates, Raises Guidance

Tue, 21 Jul 2020 14:30:02 Cadenceand's (CDNS) second-quarter 2020 results benefit from robust demand for the companyand's digital and signoff and IP solutions as well as Cadence Verification Suiteand's expanding clientele.... Read Full Article

ROCE Insights For Cadence Design Systems

Tue, 21 Jul 2020 12:46:47 Looking at Q2, Cadence Design Systems (NASDAQ: CDNS) earned $562.84 million, a 353.95% increase from the preceding quarter. Cadence Design Systems also posted a total of $638.42 million in sales, a 3.31% increase since Q1. In Q1, Cadence Design Systems earned $123.99 million and total ...... Read Full Article

Cadence Design Systems, Inc.and's (NASDAQ:CDNS) Stockand's On An Uptrend: Are Strong Financials Guiding The Market?

Tue, 21 Jul 2020 10:43:01 Cadence Design Systems (NASDAQ:CDNS) has had a great run on the share market with its stock up by a significant 39...... Read Full Article

Edited Transcript of CDNS earnings conference call or presentation 20-Jul-20 9:00pm GMT

Tue, 21 Jul 2020 07:47:29 Q2 2020 Cadence Design Systems Inc Earnings Call... Read Full Article

Cadence Design Systems Inc (CDNS) Q2 2020 Earnings Call Transcript

Tue, 21 Jul 2020 05:30:29 CDNS earnings call for the period ending June 27, 2020.... Read Full Article

Cadence Design Systems (CDNS) Beats Q2 Earnings and Revenue Estimates

Mon, 20 Jul 2020 21:25:09 Cadence (CDNS) delivered earnings and revenue surprises of 26.92% and 7.75%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?... Read Full Article
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