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Cadence Design Systems, Inc. (CDNS)

296.47 +8.27 (+2.87%)
As of 9:36:30 AM EDT. Market Open.
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Why is CDNS moving today? Cadence Design Systems (CDNS) rose 1.75% as investors bought the dip in oversold SaaS stocks amid cautious optimism around U.S.-Iran ceasefire talks, outperforming the broader market's modest gains.

Cadence Design Systems (CDNS) rose 1.75% as investors bought the dip in oversold SaaS stocks amid cautious optimism around U.S.-Iran ceasefire talks, outperforming the broader market's modest gains.

Updated 5m ago · Powered by Yahoo Scout
  • Previous Close 288.20
  • Open 293.31
  • Bid 287.73 x 300
  • Ask 288.74 x 200
  • Day's Range 291.76 - 297.09
  • 52 Week Range 247.70 - 376.45
  • Volume 89,303
  • Avg. Volume 2,575,876
  • Market Cap (intraday) 81.853B
  • Beta (5Y Monthly) 1.04
  • PE Ratio (TTM) 73.02
  • EPS (TTM) 4.06
  • Earnings Date Apr 27, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 371.68

Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including Innovus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI express, universal accelerator and compute express links, and multiple memory interfaces; and Tensilica, a digital signal processor. In addition, the company's design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and OrCAD X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AWR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphysics platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA for the development of engineering solutions tailored for agentic AI chip and system design. The company was incorporated in 1987 and is headquartered in San Jose, California.

www.cadence.com

13,800

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview: CDNS

Trailing total returns as of 4/14/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

CDNS
5.15%
S&P 500 (^GSPC)
0.99%

1-Year Return

CDNS
13.78%
S&P 500 (^GSPC)
27.88%

3-Year Return

CDNS
38.18%
S&P 500 (^GSPC)
67.08%

5-Year Return

CDNS
105.01%
S&P 500 (^GSPC)
67.60%

Earnings Trends: CDNS

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY25
Revenue 1.44B
Earnings 543.16M

Q1

FY25

Q2

FY25

Q3

FY25

Q4

FY25

0
500M
1B
 

Analyst Insights: CDNS

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Analyst Price Targets

275.00 Low
371.68 Average
296.47 Current
410.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 2/26/2026
Analyst Rosenblatt
Rating Action Maintains
Rating Buy
Price Action Maintains
Price Target 360 -> 360
 

Statistics: CDNS

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Valuation Measures

Annual
As of 4/13/2026
  • Market Cap

    79.57B

  • Enterprise Value

    79.03B

  • Trailing P/E

    70.99

  • Forward P/E

    35.46

  • PEG Ratio (5yr expected)

    2.57

  • Price/Sales (ttm)

    14.87

  • Price/Book (mrq)

    14.54

  • Enterprise Value/Revenue

    14.92

  • Enterprise Value/EBITDA

    42.21

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    20.93%

  • Return on Assets (ttm)

    10.98%

  • Return on Equity (ttm)

    21.85%

  • Revenue (ttm)

    5.3B

  • Net Income Avi to Common (ttm)

    1.11B

  • Diluted EPS (ttm)

    4.06

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.16B

  • Total Debt/Equity (mrq)

    48.71%

  • Levered Free Cash Flow (ttm)

    1.51B

Compare To: CDNS

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Company Insights: CDNS

Fair Value

296.47 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports: CDNS

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  • Cadence Earnings: Strong Finish to 2025, While 2026 Outlook Shows Growth Will Remain Strong

    Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enables system-level analysis and verification solutions.

    Rating
    Price Target
     
  • Raising target price to $314.00

    Cadence Design Systems Inc has an Investment Rating of BUY; a target price of $314.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Lowering target price to $312.00

    Cadence Design Systems Inc has an Investment Rating of BUY; a target price of $312.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Lowering target price to $319.00

    Cadence Design Systems Inc has an Investment Rating of BUY; a target price of $319.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Price Target
     

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