Cadence Design Systems, Inc.

CDNS

US1273871087

Cadence Design Systems, Inc. is No. 1 worldwide in developing and marketing design software for integrated circuits and electronic systems. Net sales break down by activity as follows: - sale of licenses (93.8%): design software, integrated circuit verification, simulation, and performance control systems, etc. In addition, the group offers maintenance services; - services (6.2%): consulting, training, system design and development, technical assistance, etc. Net sales are distributed geographically as follows: the United States (41.4%), Americas (1.6%), China (16.6%), Japan (5.6%), Asia (18.8%) and Europe/Middle East/Africa (16 %).

Sector

Software

Calendar

2024-04-21 - Q1 2024 Earnings Release

Related indices

S&P 500

More about the company

Income Statement Evolution

More financial data

Ratings for Cadence Design Systems, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

301.6 USD

Average target price

322.7 USD

Spread / Average Target

+7.00%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Software

	1st Jan change	Capi.
CADENCE DESIGN SYSTEMS, INC.	+10.72%	82.21B
MICROSOFT CORPORATION	+10.00%	3,074B
SYNOPSYS INC.	+5.63%	82.97B
DASSAULT SYSTÈMES SE	-12.44%	54.49B
ATLASSIAN CORPORATION	-19.35%	49.76B
PALANTIR TECHNOLOGIES INC.	+27.55%	48.46B
THE TRADE DESK, INC.	+12.55%	39.58B
SEA LIMITED	+30.17%	29.88B
TAKE-TWO INTERACTIVE SOFTWARE, INC.	-9.72%	24.79B
ROBLOX CORPORATION	-19.82%	23.44B

Other Software

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-15 pm EDT			5-day change	1st Jan Change
301.6 ^USD	-1.40%		-3.06%	+10.72%

12:57pm	Wells Fargo Adjusts Cadence Design Systems' Price Target to $350 From $330, Keeps Overweight Rating	MT
12:27pm	Deutsche Bank Adjusts Cadence Design Systems' Price Target to $338 From $326, Keeps Buy Rating	MT

Wells Fargo Adjusts Cadence Design Systems' Price Target to $350 From $330, Keeps Overweight Rating	06:57am	MT
Deutsche Bank Adjusts Cadence Design Systems' Price Target to $338 From $326, Keeps Buy Rating	06:27am	MT
NV5 Global Partners With Cadence Design Systems for AI Data Center Design	Apr. 15	MT
NV5 Global, Inc. Expands Strategic Collaboration with Cadence Design Systems to Develop Optimal Data Center Design Conditions for NVIDIA AI Compute System	Apr. 15	CI
KeyBanc Adjusts Cadence Design Systems Price Target to $340 From $335, Maintains Overweight Rating	Apr. 15	MT
US to consider concerns about China's Brite in trade sanction decisions	Apr. 10	RE
Piper Sandler Initiates Coverage on Cadence Design Systems With Neutral Rating, $334 Price Target	Apr. 04	MT
Cadence Design Systems Insider Sold Shares Worth $6,757,342, According to a Recent SEC Filing	Apr. 02	MT
Cadence Design Solicits Proxies from the Shareholders	Mar. 21	CI
Cadence Design Systems, Inc Introduces the Industry?s First Comprehensive Ai-Driven Digital Twin Solution to Facilitate Sustainable Data Center Design and Modernization, Marking A Significant Leap Forward in Optimizing Data Center Energy Efficiency and Operational Capacity	Mar. 18	CI
Cadence Design Systems, Inc Announces Expansion of its Multi-Year Collaboration with NVIDIA Across EDA	Mar. 18	CI
Cadence Design Systems, Arm Partner to Develop Automotive Chiplet Ecosystem	Mar. 13	MT
Cadence Design Systems, Inc. Announces Collaboration with Arm to Deliver Chiplet-Based Reference Design and Software Development Platform to Accelerate Software-Defined Vehicle Innovation	Mar. 13	CI
John R. Chevedden Submits a Shareholder Proposal to Cadence Design Systems	Mar. 11	CI
Transcript : Cadence Design Systems, Inc. Presents at Morgan Stanley?s Technology, Media & Telecom Conference 2024, Mar-06-2024 03:35 PM	Mar. 06
Cadence Design Systems to Buy BETA CAE for $1.24 Billion	Mar. 05	MT
Cadence to buy analysis platform BETA CAE Systems for $1.24 billion	Mar. 05	RE
Cadence Design Systems, Inc. entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.	Mar. 04	CI
Wall Street hunts for more AI gold after Nvidia's soaring rally	Mar. 01	RE
Cadence Design Systems Insider Sold Shares Worth $441,871, According to a Recent SEC Filing	Feb. 29	MT
Intel's Foundry Services, Cadence Design Systems Expand Partnership With Multiyear Deal	Feb. 20	MT
Intel Foundry Services and Cadence Design Systems, Inc. Expand Partnership to Enable Best-In-Class SoC Design on Intel?s Advanced Processes	Feb. 20	CI
Morgan Stanley Upgrades Cadence Design Systems to Overweight From Equalweight, Adjusts Price Target to $350 From $260	Feb. 14	MT
North American Morning Briefing :Stock Futures -2-	Feb. 14	DJ
Tranche Update on Cadence Design Systems, Inc.'s Equity Buyback Plan announced on February 1, 2017.	Feb. 14	CI