Cadence Design Systems, Inc.
General ticker "CDNS" information:
- Sector: Information Technology
- Industry: Software
- Capitalization: $83.9B (TTM average)
Cadence Design Systems, Inc. follows the US Stock Market performance with the rate: 69.0%.
Estimated limits based on current volatility of 2.1%: low 320.40$, high 334.32$
Factors to consider:
- Company included in S&P500 list
- Company included in NASDAQ-100 index
- Total employees count: 12700 (+13.4%) as of 2024
- US accounted for 25.9% of revenue in the fiscal year ended 2024-12-31
- Top business risk factors: Geopolitical risks, Currency fluctuations, Supply chain disruptions, Regulatory and compliance, Acquisition/divestiture risks
- Price in estimated range
- Earnings for 9 months up through Q3 exceed 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 2024-12-31 to 2026-12-31
- 2024-12-31 to 2025-12-31 estimated range: [266.15$, 358.54$]
- 2025-12-31 to 2026-12-31 estimated range: [273.31$, 370.49$]
Financial Metrics affecting the CDNS estimates:
- Negative: with PPE of 50.8 at the end of fiscal year the price was very high
- Positive: Operating profit margin, % of 29.10 > 18.64
- Negative: negative Industry operating cash flow (median)
- Positive: Industry inventory ratio change (median), % of -0.34 <= -0.15
- Positive: -4.48 < Investing cash flow per share per price, % of -1.02
- Negative: 41.86 < Shareholder equity ratio, % of 52.08 <= 63.39
- Positive: Return on assets ratio (scaled to [-100,100]) of 10.52 > 6.04
- Positive: 0.33 < Operating cash flow per share per price, % of 1.53
- Negative: negative Industry operating income (median)
Short-term CDNS quotes
Long-term CDNS plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating Revenue | $3,561.72MM | $4,089.99MM | $4,641.26MM |
| Operating Expenses | $2,488.03MM | $2,838.76MM | $3,290.50MM |
| Operating Income | $1,073.69MM | $1,251.22MM | $1,350.76MM |
| Non-Operating Income | $-28.32MM | $30.70MM | $45.06MM |
| Interest Expense | $22.93MM | $36.19MM | $76.00MM |
| R&D Expense | $1,251.54MM | $1,441.80MM | $1,549.09MM |
| Income(Loss) | $1,045.36MM | $1,281.93MM | $1,395.82MM |
| Taxes | $196.41MM | $240.78MM | $340.33MM |
| Profit(Loss)* | $848.95MM | $1,041.14MM | $1,055.48MM |
| Stockholders Equity | $2,745.11MM | $3,404.27MM | $4,673.58MM |
| Inventory | $128.00MM | $181.66MM | $257.71MM |
| Assets | $5,137.07MM | $5,669.49MM | $8,974.48MM |
| Operating Cash Flow | $1,241.89MM | $1,349.18MM | $1,260.55MM |
| Capital expenditure | $124.22MM | $102.50MM | $142.54MM |
| Investing Cash Flow | $-738.63MM | $-412.25MM | $-837.12MM |
| Financing Cash Flow | $-657.05MM | $-803.57MM | $1,239.24MM |
| Earnings Per Share** | $3.13 | $3.86 | $3.89 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.