CDNS Stock Forecast, Price Targets, Chart, Dividends & Analysis
Cadence Design Systems Inc.
CDNS 
NGS
Sector: Technology
Industry: Software - Application
259.26
USD
-5.05
(-1.91%)
Previous close: 264.31 Open: 256.51 Bid: 235.0 Ask: 268.25
52 week range
221.56 328.99
Mkt Cap: 72,449 M Avg Vol (90 Days): 2,235,075
Last updated: Thursday 17th April 2025
Metrics
Valuation
Returns
7 Day Return | -2.04% | |
1 Month Return | 1.63% | |
3 Month Return | -13.26% | |
1 Year Return | -13.81% | |
3 Year Return | 72.14% | |
5 Year Return | 229.64% | |
YTD Return | -13.71% |
Risk
Custom Beta One Year | 1.46 |
Custom Beta Three Years | 1.34 |
Beneish M Score | -2.22 |
Altman Z Score | 12.24 |
Analyst Estimates
Financial Health
Technicals
RSI (14 Day) | 51.64 |
14 Day SMA ($) | 253.16 |
14 Day EMA ($) | 255.53 |
Money Flow Index | 53.07 |
Average True Range | 12.35 |
50 Day SMA ($) | 261.27 |
200 Day SMA ($) | 280.08 |
ADX | 15.32 |
MACD | -4.45 |
Growth
Profitability
Peers
| Stock | Dividend | Market Cap (B) | PE | Price ($) |
|---|
Financials
CDNS Income Statement
Annual
| Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| AcquisitionExpense | 700000.0 | 1 M | 600000.0 | 600000.0 | 2 M | 2 M | 3 M | 10 M | 12 M | 15 M |
| Amortization of intangibles | 24 M | 18 M | 15 M | 14 M | 12 M | 18 M | 20 M | 18 M | 18 M | 30 M |
| Basic EPS from continuing operations | 0.88 | 0.71 | 0.75 | 1.26 | 3.62 | 2.16 | 2.54 | 3.13 | 3.86 | 3.89 |
| Basic EPS total | 0.88 | 0.71 | 0.75 | 1.26 | 3.62 | 2.16 | 2.54 | 3.13 | 3.86 | 3.89 |
| Basic weighted shares outstanding | 288 M | 285 M | 272 M | 274 M | 273 M | 274 M | 274 M | 271 M | 269 M | 271 M |
| Cost of sales | -73 M | -110 M | 157 M | 173 M | 189 M | 231 M | 307 M | 372 M | 435 M | |
| Depreciation | 49 M | 53 M | 53 M | 60 M | 63 M | 68 M | 71 M | 69 M | 145 M | 197 M |
| Depreciation unreconciled | 24 M | 18 M | 15 M | 14 M | 12 M | 18 M | 20 M | 18 M | 18 M | 30 M |
| DepreciationAndAmortization | 24 M | 18 M | 15 M | 14 M | 12 M | 18 M | 20 M | 18 M | 18 M | 30 M |
| Diluted EPS total | 0.81 | 0.7 | 0.73 | 1.23 | 3.53 | 2.11 | 2.5 | 3.09 | 3.82 | 3.85 |
| Diluted normalized net income/share | 0.81 | 0.7 | 0.73 | 1.23 | 3.53 | 2.11 | 2.5 | 3.09 | 3.82 | 3.85 |
| Diluted weighted shares outstanding | 312 M | 291 M | 280 M | 281 M | 281 M | 280 M | 279 M | 275 M | 273 M | 274 M |
| Earnings from equity interest | -7 M | -5 M | -1 M | 4 M | 3 M | |||||
| EarningsFromEquityInterestNetOfTax | -7 M | -5 M | -1 M | 4 M | 3 M | |||||
| GainOnSaleOfPPE | 923000.0 | |||||||||
| GainOnSaleOfSecurity | 2 M | 3 M | 9 M | 3 M | 713000.0 | -5 M | 2 M | -5 M | 35 M | 50 M |
| GeneralAndAdministrativeExpense | 110 M | 125 M | 134 M | 133 M | 140 M | 154 M | 189 M | 242 M | 242 M | 282 M |
| Gross operating profit | 1,775 M | 1,926 M | 1,786 M | 1,965 M | 2,147 M | 2,452 M | 2,681 M | 3,190 M | 4,090 M | 4,641 M |
| ImpairmentOfCapitalAssets | 2 M | 900000.0 | ||||||||
| Income before tax | 268 M | 237 M | 315 M | 376 M | 479 M | 633 M | 768 M | 1,045 M | 1,282 M | 1,396 M |
| Income restructuring and M&A | 5 M | 41 M | 9 M | 11 M | 9 M | 9 M | -1 M | 55000.0 | 11 M | 24 M |
| Income taxes | 15 M | 34 M | 111 M | 31 M | -510 M | 42 M | 72 M | 196 M | 241 M | 340 M |
| Interest income | 3 M | 3 M | 4 M | 8 M | 10 M | 4 M | 3 M | 10 M | 30 M | 62 M |
| InterestExpenseNonOperating | 28 M | 24 M | 26 M | 23 M | 19 M | 21 M | 17 M | 23 M | 36 M | 76 M |
| MiscOtherSpecialCharges | 10 M | 16 M | 17 M | 3 M | 6 M | 8 M | 6 M | -5 M | 67 M | 121 M |
| Net income from total operations | 252 M | 203 M | 204 M | 346 M | 989 M | 591 M | 696 M | 849 M | 1,041 M | 1,055 M |
| NetIncomeCommonStockholders | 564 M | 570 M | 204 M | -1,396 M | 989 M | 591 M | 696 M | 849 M | 1,041 M | 1,055 M |
| NetIncomeContinuousOperations | 252 M | 203 M | 204 M | 346 M | 989 M | 591 M | 696 M | 849 M | 1,041 M | 1,055 M |
| NetNonOperatingInterestIncomeExpense | -28 M | -24 M | -26 M | -23 M | -19 M | -21 M | -17 M | 13 M | -36 M | -76 M |
| Normalized income | 179 M | 310 M | 1,421 M | |||||||
| Operating income | 285 M | 245 M | 324 M | 396 M | 492 M | 646 M | 779 M | 1,074 M | 1,251 M | 1,351 M |
| Operating income before depreciation (EBITDA) | 423 M | 381 M | 457 M | 519 M | 622 M | 804 M | 916 M | 1,205 M | 1,465 M | 1,670 M |
| OperatingExpense | 1,174 M | 1,274 M | 1,372 M | 1,472 M | 1,570 M | 1,723 M | 1,903 M | 2,116 M | 2,393 M | 2,619 M |
| Other income net | -10 M | -16 M | -17 M | -3 M | -6 M | -8 M | -6 M | -16 M | -67 M | -121 M |
| OtherGandA | 110 M | 125 M | 134 M | 133 M | 140 M | 154 M | 189 M | 242 M | 242 M | 282 M |
| OtherOperatingExpenses | -8 M | -11 M | -13 M | -2 M | -9 M | -3 M | -5 M | -3 M | -3 M | -7 M |
| OtherWriteOff | 308000.0 | 3 M | 1 M | 4 M | 2 M | 480000.0 | 2 M | 1 M | 823000.0 | |
| PromotionAndAdvertising | 8 M | 8 M | 7 M | 8 M | 8 M | 7 M | 8 M | 17 M | 22 M | 23 M |
| RentAndLandingFees | 27 M | 28 M | 32 M | 34 M | ||||||
| Research & development expense | 638 M | 735 M | 804 M | 885 M | 936 M | 1,034 M | 1,134 M | 1,252 M | 1,442 M | 1,549 M |
| ResearchExpense | 638 M | 735 M | 804 M | 885 M | 936 M | 1,034 M | 1,134 M | 1,252 M | 1,442 M | 1,549 M |
| RestructringAndMnAIncome | 5 M | 41 M | 9 M | 11 M | 9 M | 9 M | -1 M | 55000.0 | 11 M | 24 M |
| Revenue per share | 24 M | 18 M | 15 M | 14 M | 12 M | 18 M | 20 M | 18 M | 18 M | 30 M |
| SalariesAndWages | -24 M | -31 M | -37 M | -33 M | -30 M | -32 M | -34 M | -41 M | -51 M | -66 M |
| Selling Gen & administrative expense | 512 M | 520 M | 553 M | 573 M | 621 M | 671 M | 749 M | 846 M | 933 M | 1,040 M |
| SellingAndMarketingExpense | 402 M | 395 M | 419 M | 440 M | 482 M | 516 M | 560 M | 604 M | 690 M | 757 M |
| Special income/charges | -5 M | -41 M | -9 M | -11 M | -9 M | -9 M | 1 M | -55000.0 | -11 M | -24 M |
| Total Income available for interest expense (EBIT) | 296 M | 261 M | 341 M | 400 M | 498 M | 653 M | 785 M | 1,068 M | 1,318 M | 1,472 M |
| Total common shares outstanding | 305 M | 279 M | 283 M | 280 M | 280 M | 279 M | 277 M | 272 M | 274 M | |
| Total net income | 252 M | 203 M | 204 M | 346 M | 989 M | 591 M | 696 M | 849 M | 1,041 M | 1,055 M |
| Total ordinary shares | 274 M | 274 M | 274 M | 274 M | 274 M | 274 M | 274 M | 274 M | 274 M | 274 M |
| Total revenues | 1,702 M | 1,816 M | 1,943 M | 2,138 M | 2,336 M | 2,683 M | 2,988 M | 3,562 M | 4,090 M | 4,641 M |
| TotalExpenses | 1,101 M | 1,164 M | 1,529 M | 1,645 M | 1,759 M | 1,954 M | 2,126 M | 2,488 M | 2,393 M | 2,619 M |
| TotalRevenue | 1,702 M | 1,816 M | 1,943 M | 2,138 M | 2,336 M | 2,683 M | 2,988 M | 3,562 M | 4,090 M | 4,641 M |
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