Uncover Key Insights on Cadence Design Systems

By Harris Dyer • Tuesday, October 29 10:13 • Permanent Link

Large-cap Technology company Cadence Design Systems has moved 9.8% so far today on a volume of 1,582,405, compared to its average of 2,006,920. In contrast, the S&P 500 index moved -0.0%.

Cadence Design Systems trades -11.23% away from its average analyst target price of $312.53 per share. The 16 analysts following the stock have set target prices ranging from $225.0 to $355.0, and on average have given Cadence Design Systems a rating of buy.

Anyone interested in buying CDNS should be aware of the facts below:

Cadence Design Systems's current price is 747.1% 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 5.4% over the last year, and the S&P 500 logged a change of 38.9%
Based on its trailing earnings per share of 3.79, Cadence Design Systems has a trailing 12 month Price to Earnings (P/E) ratio of 73.2 while the S&P 500 average is 29.3
CDNS has a forward P/E ratio of 40.3 based on its forward 12 month price to earnings (EPS) of $6.88 per share
The company has a price to earnings growth (PEG) ratio of 2.45 — 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 16.55 compared to its sector average of 3.91
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 $75.97 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.