Cadence Design Systems logged a -1.8% change during today's morning session, and is now trading at a price of $279.75 per share. The S&P 500 index moved 1.0%. CDNS's trading volume is 1,547,117 compared to the stock's average volume of 1,476,388.
Cadence Design Systems trades -15.43% away from its average analyst target price of $330.81 per share. The 14 analysts following the stock have set target prices ranging from $280.0 to $350.0, 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:
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Cadence Design Systems's current price is 754.2% above its Graham number of $32.75, which implies that at its current valuation it does not offer a margin of safety
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Cadence Design Systems has moved 39.8% over the last year, and the S&P 500 logged a change of 23.1%
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Based on its trailing earnings per share of 3.82, Cadence Design Systems has a trailing 12 month Price to Earnings (P/E) ratio of 73.2 while the S&P 500 average is 15.97
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CDNS has a forward P/E ratio of 40.1 based on its forward 12 month price to earnings (EPS) of $6.97 per share
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The company has a price to earnings growth (PEG) ratio of 2.81 — a number near or below 1 signifying that Cadence Design Systems is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 21.14 compared to its sector average of 7.92
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Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide.
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Based in San Jose, the company has 11,200 full time employees and a market cap of $76.26 Billion.