Shares of Technology sector company Cadence Design Systems moved -7.2% today, and are now trading at a price of $335.85. The Large-Cap stock's daily volume was 4,653,054 compared to its average volume of 1,638,588. The S&P 500 index returned a 0.0% performance.
Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company is based in San Jose and has 13,152 full time employees. Its market capitalization is $91,515,764,736.
23 analysts are following Cadence Design Systems and have set target prices ranging from $200.0 to $410.0 per share. On average, they have given the company a rating of buy. At today's prices, CDNS is trading -9.12% away from its average analyst target price of $369.57 per share.
Over the last year, CDNS's share price has increased by 36.7%, which represents a difference of 19.4% when compared to the S&P 500. The stock's 52 week high is $376.45 per share whereas its 52 week low is $221.56. With average free cash flows of $901.48 Million that have been growing at an average rate of 11.0% over the last 6 years, Cadence Design Systems is in a position to continue its strong stock performance trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 1,260,551 | 142,542 | 1,118,009 | -10.33 |
| 2023 | 1,349,176 | 102,337 | 1,246,839 | 20.39 |
| 2022 | 1,100,958 | 65,298 | 1,035,660 | 27.84 |
| 2021 | 904,922 | 94,813 | 810,109 | 23.68 |
| 2019 | 729,600 | 74,605 | 654,995 | 20.57 |
| 2018 | 604,751 | 61,503 | 543,248 |
