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Cadence Design Systems Inc

CDNS | US

294.16

USD

0.87

0.30%

CDNS | US
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About Cadence Design Systems Inc

Sector

Technology

Industry

Software-Application

Earnings date

30/06/2024

As of date

11/03/2026

Close

294.16

Open

294.79

High

295.72

Low

287.00

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 Innovus implementation system a physical implementation system. 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 with 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.

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CDNS | US

Risk
50.4
Sharpe
0.52
Luna's Score
52/100
Recommendation
Hold

Luna says (CDNS | US)

What's Working

Largecap (10B - 200B USD)

Low Debt to Asset (< 0.2)

Strong Operating Margin (> 25%)

What's not Working

Price Below SMA10D

Weak P/E, and PEG ratio indicator

High Market Beta (> 0.8)

Rich in Valuation (Price to Book > 8)

Volatility Signals

Bullish: Stable Volatility (6-month <= 1-month volatility) is positive for the stock performance.

Risk Meter

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10 days

27.1%

1 month

50.4%

3 months

42.2%

6 months

38.0%

Returns

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Fundamental Ratios

PE

67.15

Fwd. PE

37.45

Price to book

16.61

Debt to equity

0.32

Debt to assets

0.19

Ent. to EBITDA

47.64

Ent. to rev.

17.08

PEG

2.60

Other Fundamentals

EBITDA

1.36B

MarketCap

80.55B

MarketCap(USD)

80.55B

Div. yield

-

Op. margin

28.02

Erngs. growth

3.70

Rev. growth

8.60

Ret. on equity

29.44

Short ratio

1.90

Short perc.

1.38

Market Sentiment (SMA and Price signals)

Short-term: Bullish (SMA10D > SMA1M)

Intermediate-term: Bearish (SMA1M < SMA3M)

Long-term: Bullish (SMA6M > SMA12M)

SMAs: Stock Price Trends

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Range10D

26.10

Range1M

34.40

Range3M

78.56

Volumes: Market Activity

Volume Averages

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Rel. volume

0.68

Price X volume

603.63M

Peers

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3M CompanyMMMDiversified Industrials155.1785.24B-0.05%52.58349.72%
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Cummins IncCMIDiversified Industrials556.1476.22B-0.46%23.9883.42%
Robinhood Markets Inc. Class A Common StockHOODSoftware-Infrastructure78.6969.62B0.20%86.55101.19%
Synopsys IncSNPSSoftware-Application432.9866.51B0.08%52.388.74%
Fortinet IncFTNTSoftware-Application83.4863.85B-0.86%47.97344.66%
Intrawest Resorts Holdings IncSNOWSoftware-Application179.4360.14B2.34%n/a7.58%
Autodesk IncADSKSoftware-Application251.8354.27B-0.80%60.04105.21%
Palo Alto Networks IncPANWSoftware-Application164.9353.70B-0.39%51.5627.28%
  • 1

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  • 1

Industry Comparison

ParameterCompanyIndustryIndicator
Enterprise to EBITDA47.6436.63Expensive
Ent. to Revenue17.085.65Expensive
PE Ratio67.1550.43Expensive
Price to Book16.619.90Expensive
Dividend Yield-2.19-
Std. Deviation (3M)42.1656.70Lower Risk
Debt to Equity0.320.13Expensive
Debt to Assets0.190.22Par
Market Cap80.55B15.48BMarket Leader
  • 1

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