Cadence Design Systems Inc
General ticker "CDNS" information:
- Sector: Information Technology
- Industry: Software
- Capitalization: $84.0B
Cadence Design Systems Inc follows the US Stock Market performance with the rate: 36.8%.
Estimated limits based on current volatility of 1.5%: low 299.04$, high 307.95$
Factors to consider:
- Company included in S&P500 list
- US accounted for 23.2% of revenue in the fiscal year ended 2023-12-31
- Price in estimated range
- Earnings for 9 months up through Q3 are below our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [253.13$, 374.75$]
- 2024-12-30 to 2025-12-30 estimated range: [295.00$, 427.51$]
Financial Metrics affecting the CDNS estimates:
- Negative: Operating cash flow per share per price, % of 1.85 <= 2.35
- Positive: Non-GAAP EPS, $ of 5.15 > 2.29
- Negative: Industry operating cash flow per share per price (median), % of 1.79 <= 3.85
- Negative: Inventory ratio change, % of 2.70 > 1.08
- Positive: -3.48 < Investing cash flow per share, $ of -1.53
- Positive: Operating profit margin, % of 30.59 > 19.51
Short-term CDNS quotes
Long-term CDNS plot with estimates
Financial data
| YTD | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $2,988.24MM | $3,561.72MM | $4,089.99MM |
| Operating Expenses | $2,209.16MM | $2,488.03MM | $2,838.76MM |
| Operating Income | $779.09MM | $1,073.69MM | $1,251.22MM |
| Non-Operating Income | $-10.65MM | $-28.32MM | $30.70MM |
| Interest Expense | $16.98MM | $22.93MM | $36.19MM |
| R&D Expense | $1,134.28MM | $1,251.54MM | $1,441.80MM |
| Income(Loss) | $768.43MM | $1,045.36MM | $1,281.93MM |
| Taxes | $72.48MM | $196.41MM | $240.78MM |
| Profit(Loss) | $695.96MM | $848.95MM | $1,041.14MM |
| Stockholders Equity | $2,740.68MM | $2,745.11MM | $3,404.27MM |
| Inventory | $115.72MM | $128.00MM | $181.66MM |
| Assets | $4,386.30MM | $5,137.07MM | $5,669.49MM |
| Operating Cash Flow | $1,100.96MM | $1,241.89MM | $1,349.18MM |
| Capital expenditure | $66.88MM | $124.22MM | $102.50MM |
| Investing Cash Flow | $-292.95MM | $-738.63MM | $-412.25MM |
| Financing Cash Flow | $-643.79MM | $-657.05MM | $-803.57MM |
| Earnings Per Share* | $2.54 | $3.13 | $3.86 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.