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+0.63%↑

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+2.54%↑

AAPL

217.7

+0.07%↑

MSFT

424.9

+1.57%↑

NVDA

112.77

+0.26%↑

TSM

161.23

+0.63%↑

ASML.US

886.43

+2.54%↑

AAPL

217.7

+0.07%↑

MSFT

424.9

+1.57%↑

NVDA

112.77

+0.26%↑

TSM

161.23

+0.63%↑

ASML.US

886.43

+2.54%↑

AAPL

217.7

+0.07%↑

MSFT

424.9

+1.57%↑

NVDA

112.77

+0.26%↑

TSM

161.23

+0.63%↑

ASML.US

886.43

+2.54%↑

Search

Cadence Design Systems Inc

Closed

Sector Technology

258.47 0.18

Overview

Share price change

24h

Current

Min

257.74

Max

264.27

Key metrics

By Trading Economics

Income

-76M

248M

Sales

-59M

1B

P/E

Sector Avg

81.49

98.121

EPS

1.17

Profit margin

24.519

Employees

11,200

EBITDA

-17M

357M

Recommendations

By TipRanks

Recommendations

Strong Buy

12 Months Forecast

+31.98 upside

Market Stats

By TradingEconomics

Market Cap

-852M

85B

Previous open

258.29

Previous close

258.47

News Sentiment

By Acuity

50%

50%

126 / 379 Ranking in Technology

Technical Score

By Trading Central

Confidence

Strong Bearish Evidence

Cadence Design Systems Inc Chart

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Merck KGaA Sees 2024 Net Sales of Approx. EUR20.7B to EUR22.1B

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Peer Comparison

Price change

Cadence Design Systems Inc Forecast

Price Target

By TipRanks

31.98% upside

12 Months Forecast

Average 341 USD  31.98%

High 355 USD

Low 318 USD

Based on 9 Wall Street analysts offering 12 month price targets forCadence Design Systems Inc - Dist in the last 3 months.

Rating Consensus

By TipRanks

Strong Buy

9 ratings

8

Buy

1

Hold

0

Sell

Technical Score

By Trading Central

258.16 / 280.83Support & Resistance

Short Term

Strong Bearish Evidence

Intermediate Term

Strong Bearish Evidence

Long Term

Strong Bearish Evidence

Sentiment

By Acuity

126 / 379 Ranking in Technology

News Sentiment

Neutral

Volatility

Below average

News Volume (RCV)

Below average

Financials

Selling and administration expenses

Operating expenses

Pre-tax profit

Sales

Cost of sales

Gross profit on sales

Interest expense on debt

EBITDA

Operating profit

$

About Cadence Design Systems Inc

Cadence Design Systems, Inc. provides solutions that enable its customers to design electronic products. The Company's product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP). Functional verification products are used to verify that the circuitry or the software designed to perform as intended. Digital IC design offerings are used to create representations of a digital circuit or an IC that can be verified for correctness prior to implementation. Custom IC design and verification offerings are used to create schematic and physical representations of circuits down to the transistor level for analog and memory designs. System Interconnect and Analysis offerings are used to develop printed circuit boards and IC packages. Design IP offerings consist of functional blocks, which customers integrate into their ICs for the development process.