Short Report on Cadence Design Systems Stock

By Blake Campbell • Wednesday, October 25 10:00 • Permanent Link

Large-cap Technology company Cadence Design Systems has moved -1.0% so far today on a volume of 132,910, compared to its average of 1,255,829. In contrast, the S&P 500 index moved -1.0%.

Cadence Design Systems trades -13.25% away from its average analyst target price of $270.86 per share. The 14 analysts following the stock have set target prices ranging from $240.0 to $307.0, and on average have given Cadence Design Systems a rating of buy.

If you are considering an investment in CDNS, you'll want to know the following:

Cadence Design Systems has moved 58.0% over the last year, and the S&P 500 logged a change of 11.0%
Based on its trailing earnings per share of 3.52, Cadence Design Systems has a trailing 12 month Price to Earnings (P/E) ratio of 66.8 while the S&P 500 average is None
CDNS has a forward P/E ratio of 40.2 based on its forward 12 month price to earnings (EPS) of $5.85 per share
The company has a price to earnings growth (PEG) ratio of 2.52 — a number near or below 1 signifying that Cadence Design Systems is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 20.32 compared to its sector average of None
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide.
Based in San Jose, the company has 10,200 full time employees and a market cap of $63.93 Billion.

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.