Navigating Cadence Design Systems Stock – Key Insights

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:

  • 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

  • Cadence Design Systems has moved 39.8% over the last year, and the S&P 500 logged a change of 23.1%

  • 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

  • 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

  • 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

  • Its Price to Book (P/B) ratio is 21.14 compared to its sector average of 7.92

  • Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide.

  • Based in San Jose, the company has 11,200 full time employees and a market cap of $76.26 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.