Market Inference Reports -- CDNS Stock

By Harris Dyer • Saturday, July 08 09:51 • Permanent Link

Shares of Cadence Design Systems have moved -1.4% Friday, and are now trading at a price of $226.89. The day's trading volume was 1,308,225 compared to the stock's average volume of 1,931,993.

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. Based in San Jose, United States the company has 10,200 full time employees and a market cap of $61,869,273,088.

The company is now trading -4.48% away from its average analyst target price of $237.54 per share. The 14 analysts following the stock have set target prices ranging from $210.0 to $260.0, and on average give Cadence Design Systems a rating of buy.

The stock's 52 week high is $242.65 per share whereas its 52 week low is $138.76. Based on Cadence Design Systems's compounded average operating margin growth of 8.9% over the last 4 years, its core business remains strong and its strong stock performance may continue in the long term.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.