Market Summary
USD228.33+3.84
Delayed1.71%
CDNS Alerts
CDNS Stock Price
CDNS RSI Chart
CDNS Valuation
CDNS Price/Sales (Trailing)
CDNS Profitability
CDNS Fundamentals
CDNS Revenue
CDNS Earnings
Price Action
52 Week Range
138.76232.14
(Low)(High)
Last 7 days
5.4%
Last 30 days
12.1%
Last 90 days
17.8%
Trailing 12 Months
53.6%
CDNS Financial Health
CDNS Investor Care
Peers (Alternatives to Cadence Design Systems)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.5T | 207.6B | 12.70% | 25.81% | 35.87 | 11.93 | 7.81% | -4.74% |
ADBE | 190.7B | 18.0B | 14.41% | 1.66% | 40.25 | 10.59 | 11.50% | -1.86% |
AZPN | - | - | -29.25% | -13.98% | - | - | - | - |
ORCL | 281.0B | 48.0B | 11.07% | 46.64% | 33.56 | 5.86 | 14.66% | 10.75% |
CRM | 217.4B | 31.4B | 12.49% | 32.61% | 1.0K | 6.93 | 19.41% | -85.60% |
ZM | 20.5B | 4.4B | 7.88% | -38.07% | 198.13 | 4.68 | 7.15% | -92.46% |
| MID-CAP | ||||||||
APPN | 2.9B | 489.0M | 13.36% | -11.92% | -19.47 | 6.28 | 23.89% | -67.60% |
MANH | 11.1B | 809.1M | 8.18% | 50.50% | 81.07 | 13.74 | 17.99% | 15.82% |
GWRE | 6.7B | 869.9M | 8.60% | 1.58% | -39.92 | 7.66 | 13.87% | -28.82% |
PING | 2.4B | - | 1.17% | 7.67% | -23.16 | 7.93 | - | - |
| SMALL-CAP | ||||||||
ZUO | 1.1B | 396.1M | 29.79% | 5.39% | -5.73 | 2.87 | 14.23% | -99.11% |
YEXT | 1.1B | 400.9M | 1.28% | 74.75% | -16.18 | 2.66 | 2.63% | 29.30% |
UPLD | 92.8M | 315.6M | -17.82% | -77.71% | -0.5 | 0.29 | 2.89% | -207.54% |
Financials for Cadence Design Systems
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 3.4% | 3,682 | 3,562 | 3,435 | 3,283 | 3,154 |
| S&GA Expenses | 4.4% | 631 | 604 | 580 | 571 | 568 |
| R&D Expenses | 6.6% | 1,281 | 1,201 | 1,155 | 1,154 | - |
| Costs and Expenses | 4.7% | 2,604 | 2,488 | 2,377 | 2,292 | 2,260 |
| EBITDA | 1.7% | 1,200 | 1,181 | 1,120 | 1,034 | - |
| EBITDA Margin | -1.9% | 0.34* | 0.34* | 0.34* | 0.33* | - |
| Earnings Before Taxes | 1.1% | 1,057 | 1,045 | 1,029 | 965 | 876 |
| EBT Margin | -2.0% | 0.29* | 0.30* | 0.29* | 0.28* | - |
| Interest Expenses | 22.5% | 28.00 | 23.00 | 18.00 | 17.00 | 17.00 |
| Net Income | 0.8% | 855 | 849 | 785 | 775 | 744 |
| Net Income Margin | 4.3% | 0.24* | 0.23* | 0.24* | 0.24* | - |
| Free Cahsflow | 2.4% | 1,119 | 1,093 | 1,097 | 1,163 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 0.7% | 5,172 | 5,137 | 4,968 | 4,361 | 4,395 |
| Current Assets | -0.5% | 1,699 | 1,707 | 1,670 | 1,658 | 1,735 |
| Cash Equivalents | 3.9% | 917 | 882 | 1,026 | 1,030 | 1,135 |
| Inventory | -0.3% | 128 | 128 | 114 | 106 | 110 |
| Net PPE | 0.4% | 373 | 371 | 348 | 317 | 311 |
| Goodwill | 0.2% | 1,378 | 1,374 | 1,348 | 67.00 | 924 |
| Current Liabilities | -12.3% | 1,181 | 1,348 | 1,257 | 1,042 | 961 |
| Shareholder's Equity | 7.1% | 2,941 | 2,745 | 2,708 | 2,625 | 2,760 |
| Retained Earnings | 6.2% | 4,137 | 3,895 | 3,655 | 3,469 | 3,282 |
| Shares Outstanding | -1.2% | 270 | 273 | 271 | 272 | 272 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -5.6% | 1,173 | 1,242 | 1,194 | 1,173 | 1,229 |
| Share Based Compensation | 5.5% | 285 | 270 | 251 | 231 | 217 |
| Cashflow From Investing | -2.1% | -754 | -738 | -697 | -110 | -106 |
| Cashflow From Financing | 9.6% | -593 | -657 | -415 | -837 | -722 |
| Buy Backs | -11.9% | 925 | 1,050 | 860 | 820 | 690 |
Risks for CDNS
What is the probability of a big loss on CDNS?
58.1%
Probability that Cadence Design Systems stock will be more than 20% underwater in next one year
18.1%
Probability that Cadence Design Systems stock will be more than 30% underwater in next one year.
0%
Probability that Cadence Design Systems stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CDNS drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Cadence Design Systems was unfortunately bought at previous high price.
Drawdowns
Returns for CDNS
Cumulative Returns on CDNS
31.4%
10-Year Cumulative Returns
37.1%
7-Year Cumulative Returns
40.1%
5-Year Cumulative Returns
39.0%
3-Year Cumulative Returns
What are the long-term rolling returns for CDNS?
FIve years rolling returns for Cadence Design Systems.
Annualized Returns
Which funds bought or sold CDNS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | Capital Impact Advisors, LLC | sold off | -100 | -235,177 | - | -% |
2023-05-23 | Toroso Investments, LLC | added | 114 | 2,733,000 | 4,250,000 | 0.07% |
2023-05-23 | Front Row Advisors LLC | unchanged | - | 4,000 | 16,000 | 0.01% |
2023-05-23 | Brookfield Corp /ON/ | new | - | 260,512 | 260,512 | -% |
2023-05-22 | Raleigh Capital Management Inc. | added | 43.11 | 31,505 | 67,649 | 0.03% |
2023-05-22 | American Trust | added | 0.5 | 101,990 | 426,483 | 0.03% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -4.8 | 39,022,500 | 198,078,000 | 0.06% |
2023-05-22 | PUTNAM INVESTMENTS LLC | reduced | -3.23 | 76,770,800 | 365,823,000 | 0.59% |
2023-05-22 | FDx Advisors, Inc. | unchanged | - | - | 251,000 | 0.01% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | added | 4.19 | 22,865,000 | 85,922,000 | 0.12% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
CDNS Alerts
Cadence Design Systems News
Schedule 13G FIlings of Cadence Design Systems
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 11.78% | 32,323,435 | SC 13G/A | |
| Feb 09, 2023 | blackrock inc. | 11.9% | 32,630,669 | SC 13G/A | |
| Feb 08, 2023 | massachusetts financial services co /ma/ | 4.0% | 10,897,413 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 11.9% | 32,630,669 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 11.9% | 32,630,669 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.32% | 31,373,044 | SC 13G/A | |
| Feb 07, 2022 | blackrock inc. | 11.4% | 31,520,631 | SC 13G/A | |
| Feb 02, 2022 | massachusetts financial services co /ma/ | 7.0% | 19,361,368 | SC 13G/A | |
| Feb 11, 2021 | massachusetts financial services co /ma/ | 8.8% | 24,659,349 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.41% | 31,833,573 | SC 13G/A |
CDNS Fair Value
Recent SEC filings of Cadence Design Systems
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | SD | SD | |
| May 22, 2023 | 4 | Insider Trading | |
| May 19, 2023 | 144 | Notice of Insider Sale Intent | |
| May 18, 2023 | 144 | Notice of Insider Sale Intent | |
| May 18, 2023 | 4 | Insider Trading | |
| May 16, 2023 | 144 | Notice of Insider Sale Intent | |
| May 08, 2023 | 4 | Insider Trading | |
| May 08, 2023 | 8-K | Current Report | |
| May 08, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for CDNS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-19 | BECKLEY THOMAS P | acquired | 1,759,250 | 35.185 | 50,000 | sr. vice president |
2023-05-19 | BECKLEY THOMAS P | sold | -10,864,700 | 217 | -50,000 | sr. vice president |
2023-05-18 | BECKLEY THOMAS P | acquired | 1,789,920 | 35.2521 | 50,775 | sr. vice president |
2023-05-18 | BECKLEY THOMAS P | sold | -15,909,800 | 209 | -76,003 | sr. vice president |
2023-05-16 | TAN LIP BU | sold | -8,608,570 | 202 | -42,500 | - |
2023-05-16 | TAN LIP BU | acquired | 1,308,580 | 30.79 | 42,500 | - |
2023-05-04 | Adams Mark | gifted | - | - | -1,473 | - |
2023-05-04 | SHOVEN JOHN B | gifted | - | - | 1,473 | - |
2023-05-04 | SHOVEN JOHN B | acquired | - | - | 1,073 | - |
2023-05-04 | PLUMMER JAMES D | gifted | - | - | 1,473 | - |
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
CDNS Income Statement
2023-03-31Condensed Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Apr. 02, 2022 | |
| Revenues [Abstract] | ||
| Revenue | $ 1,021,690 | $ 901,766 |
| Costs and Expenses: | ||
| Marketing and sales | 166,666 | 140,186 |
| Research and development | 350,295 | 290,895 |
| General and administrative | 53,527 | 48,937 |
| Amortization of acquired intangibles | 4,267 | 4,964 |
| Restructuring | 0 | 12 |
| Total costs and expenses | 699,227 | 582,837 |
| Income from operations | 322,463 | 318,929 |
| Interest expense | (9,260) | (4,108) |
| Other income (expense), net | 8,284 | (4,900) |
| Income before provision for income taxes | 321,487 | 309,921 |
| Provision for income taxes | 79,683 | 74,586 |
| Net income | $ 241,804 | $ 235,335 |
| Net income per share - basic (usd per share) | $ 0.90 | $ 0.86 |
| Net Income per share - diluted (usd per share) | $ 0.89 | $ 0.85 |
| Weighted average common shares outstanding - basic (in shares) | 269,501 | 272,431 |
| Weighted average common shares outstanding - diluted (in shares) | 273,159 | 276,918 |
| Product and maintenance [Member] | ||
| Revenues [Abstract] | ||
| Revenue | $ 963,742 | $ 846,244 |
| Costs and Expenses: | ||
| Cost of sales | 100,238 | 72,795 |
| Service [Member] | ||
| Revenues [Abstract] | ||
| Revenue | 57,948 | 55,522 |
| Costs and Expenses: | ||
| Cost of sales | $ 24,234 | $ 25,048 |
CDNS Balance Sheet
2023-03-31Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 916,963 | $ 882,325 |
| Receivables, net | 488,237 | 486,710 |
| Inventories | 127,566 | 128,005 |
| Prepaid expenses and other | 165,778 | 209,727 |
| Total current assets | 1,698,544 | 1,706,767 |
| Property, plant and equipment, net | 372,956 | 371,451 |
| Goodwill | 1,377,625 | 1,374,268 |
| Acquired intangibles, net | 341,738 | 354,617 |
| Deferred taxes | 864,750 | 853,691 |
| Other assets | 516,006 | 476,277 |
| Total assets | 5,171,619 | 5,137,071 |
| Current liabilities: | ||
| Revolving credit facility | 30,000 | 100,000 |
| Accounts payable and accrued liabilities | 430,135 | 557,158 |
| Current portion of deferred revenue | 721,246 | 690,538 |
| Total current liabilities | 1,181,381 | 1,347,696 |
| Long-term liabilities: | ||
| Long-term portion of deferred revenue | 102,515 | 91,524 |
| Long-term debt | 648,301 | 648,078 |
| Other long-term liabilities | 298,546 | 304,660 |
| Total long-term liabilities | 1,049,362 | 1,044,262 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock and capital in excess of par value | 2,878,749 | 2,765,673 |
| Treasury stock, at cost | (3,987,528) | (3,824,163) |
| Retained earnings | 4,137,044 | 3,895,240 |
| Accumulated other comprehensive loss | (87,389) | (91,637) |
| Total stockholders’ equity | 2,940,876 | 2,745,113 |
| Total liabilities and stockholders’ equity | $ 5,171,619 | $ 5,137,071 |