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Cadence Design Systems, Inc (NASDAQ: CDNS) closed the day trading at $288.61 down -10.67% from the previous closing price of $323.08. In other words, the price has decreased by -$10.67 from its previous closing price. On the day, 6.94 million shares were traded.
Ratios:
For a better understanding of CDNS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.17. For the most recent quarter (mrq), Quick Ratio is recorded 2.90 and its Current Ratio is at 3.07. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.52.
On January 13, 2025, Redburn Atlantic started tracking the stock assigning a Buy rating and target price of $350.
On November 22, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $350.Wells Fargo initiated its Overweight rating on November 22, 2024, with a $350 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 16 ’25 when PLUMMER JAMES D sold 868 shares for $319.95 per share. The transaction valued at 277,715 led to the insider holds 23,996 shares of the business.
PLUMMER FAMILY TRUST bought 868 shares of CDNS for $277,716 on May 16 ’25. On May 02 ’25, another insider, DEVGAN ANIRUDH, who serves as the President and CEO of the company, sold 10,737 shares for $310.00 each. As a result, the insider received 3,328,470 and left with 209,548 shares of the company.
Valuation Measures:
As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.10, and their Forward P/E ratio for the next fiscal year is 37.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.17 while its Price-to-Book (P/B) ratio in mrq is 16.50.
Stock Price History:
Over the past 52 weeks, CDNS has reached a high of $328.99, while it has fallen to a 52-week low of $221.56. The 50-Day Moving Average of the stock is 2.57%, while the 200-Day Moving Average is calculated to be 2.24%.
Shares Statistics:
A total of 273.04M shares are outstanding, with a floating share count of 271.30M. Insiders hold about 0.64% of the company’s shares, while institutions hold 88.59% stake in the company.
Earnings Estimates
The performance of Cadence Design Systems, Inc (CDNS) in the stock market is under the watchful eye of 15.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is $1.73, with high estimates of $1.82 and low estimates of $1.65.
Analysts are recommending an EPS of between $6.89 and $6.45 for the fiscal current year, implying an average EPS of $6.76. EPS for the following year is $7.77, with 21.0 analysts recommending between $8.07 and $7.24.
Revenue Estimates
16 analysts predict $1.26B in revenue for the current quarter. It ranges from a high estimate of $1.27B to a low estimate of $1.25B. As of the current estimate, Cadence Design Systems, Inc’s year-ago sales were $1.06BFor the next quarter, 16 analysts are estimating revenue of $1.32B. There is a high estimate of $1.4B for the next quarter, whereas the lowest estimate is $1.29B.
A total of 23 analysts have provided revenue estimates for CDNS’s current fiscal year. The highest revenue estimate was $5.42B, while the lowest revenue estimate was $5.18B, resulting in an average revenue estimate of $5.21B. In the same quarter a year ago, actual revenue was $4.64BBased on 22 analysts’ estimates, the company’s revenue will be $5.82B in the next fiscal year. The high estimate is $5.88B and the low estimate is $5.7B.
