Is Alphabet an Undervalued Growth Stock to Buy?
Alphabet (NASDAQ:GOOGL) is easily one of the most successful companies…
Buy
64
CDNS Quote, Financials, Valuation and Earnings
Last price:
$308.36
Seasonality move
:
4.06%
Day range:
$299.84 - $304.77
52-week range:
$241.29 - $328.99
Dividend yield:
0%
P/E ratio:
79.90x
P/S ratio:
19.11x
P/B ratio:
18.30x
Volume:
1.2M
Avg. volume:
1.6M
1-year change:
10.37%
Market cap:
$83.5B
Revenue:
$4.1B
EPS (TTM):
$3.81
Analysts' Opinion
-
Consensus RatingCadence Design Systems has received a consensus rating of Buy. The company's average rating is a Buy based on 12 Buy ratings, 3 Hold ratings, and 1 Sell rating.
-
Price Target UpsideAccording to analysts' consensus price target of $319.72, Cadence Design Systems has an estimated upside of 5.03% from its current price of $304.41.
-
Price Target DownsideAccording to analysts, the lowest downside price target is $225.00 representing 26.09% downside risk from its current price of $304.41.
Fair Value
-
According to the consensus of 16 analysts, Cadence Design Systems has 5.03% upside to fair value with a price target of $319.72 per share.
CDNS vs. S&P 500
-
Over the past 5 trading days, Cadence Design Systems has underperformed the S&P 500 by -4.55% suggesting its relative strength compared to the major market average is weak at this time.
Share Buyback
-
Cadence Design Systems does have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.
Revenue Growth
-
Cadence Design Systems has grown year-over-year revenues for 2 quarters straight. In the most recent quarter Cadence Design Systems reported revenues of $1.2B.
Earnings Growth
-
Cadence Design Systems earnings have been falling on a year-over-year basis for 1 quarter in a row. In the most recent quarter Cadence Design Systems reported earnings per share of $0.87.
Enterprise value:
83.5B
EV / Invested capital:
11.31x
Price / LTM sales:
19.11x
EV / EBIT:
60.69x
EV / Revenue:
19.18x
PEG ratio (5yr expected):
9.35x
EV / Free cash flow:
87.73x
Price / Operating cash flow:
87.40x
Enterprise value / EBITDA:
53.57x
Gross Profit (TTM):
$3.8B
Return On Assets:
15.64%
Net Income Margin (TTM):
23.87%
Return On Equity:
27.48%
Return On Invested Capital:
20.76%
Operating Margin:
30.82%
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Income Statement | ||||||
| Revenue | $3.4B | $3.9B | $4.4B | $1B | $1.2B | |
| Gross Profit | $3.1B | $3.5B | $3.8B | $913.5M | $1.1B | |
| Operating Income | $1.1B | $1.1B | $1.3B | $304.5M | $374.6M | |
| EBITDA | $1.2B | $1.3B | $1.6B | $346.2M | $413.3M | |
| Diluted EPS | $2.84 | $3.51 | $3.81 | $0.93 | $0.87 | |
| Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| Current Assets | $1.7B | $1.5B | $1.7B | $1.8B | $4.1B | |
| Total Assets | $4.1B | $4.2B | $5B | $5.4B | $9.2B | |
| Current Liabilities | $1.1B | $907.2M | $1.3B | $1.3B | $1.7B | |
| Total Liabilities | $1.7B | $1.6B | $2.3B | $2.3B | $4.6B | |
| Total Equity | $2.4B | $2.6B | $2.7B | $3.1B | $4.6B | |
| Total Debt | $696.6M | $347.4M | $797.8M | $648.8M | $2.8B | |
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Cash Flow Statement | ||||||
| Cash Flow Operations | $1.2B | $1.3B | $1.1B | $395.9M | $410M | |
| Cash From Investing | -$697.5M | -$377.7M | -$895.8M | -$183.8M | -$39.3M | |
| Cash From Financing | -$415.6M | -$1B | $1.6B | -$114.4M | $1.3B | |
| Free Cash Flow | $1.1B | $1.2B | $952.1M | $373.9M | $383.5M | |
CDNS
Sector
Market Cap
$83.5B
$123.6M
Price % of 52-Week High
92.53%
67.76%
Dividend Yield
0%
0%
Shareholder Yield
0.17%
1%
1-Year Price Total Return
10.37%
-7.22%
Beta (5-Year)
1.027
0.944
Dividend yield:
0%
Annualized payout:
$0.00
Payout ratio:
--
Growth streak:
0 years
SEE THE 1% OF STOCKS YOU NEED TO OWN FOR MASSIVE RETURNS
GET BETTER TRADE IDEAS
Technicals
8-day SMA
Sell
Level
$305.85
200-day SMA
Buy
Level
$289.16
Bollinger Bands (100)
Buy
Level
260.57 - 300.61
Chaikin Money Flow
Buy
Level
1B
20-day SMA
Sell
Level
$308.08
Relative Strength Index (RSI14)
Buy
Level
50.98
ADX Line
Sell
Level
13.78
Williams %R
Neutral
Level
-72.0953
50-day SMA
Buy
Level
$293.19
MACD (12, 26)
Buy
Level
2.04
25-day Aroon Oscillator
Buy
Level
44
On Balance Volume
Neutral
Level
538M
Financial Scores
Buy
Altman Z-Score
(Annual)
Level (22.3911)
Buy
CA Score
(Annual)
Level (1.2487)
Buy
Beneish M-Score
(Annual)
Level (-2.7159)
Buy
Momentum Score
Level (7)
Buy
Ohlson Score
Level (-2.3813)
Buy
Piotroski F Score
(Annual)
Level (6)
Buy
Quality Ratio Score
Level (6)
Buy
Fundamental Score
Level (9)
Revenue Forecast
Earnings per Share Forecast
Company Profile
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions.
Stock Forecast FAQ
In the current month, CDNS has received 12 Buy ratings 3 Hold ratings, and 1 Sell ratings. The CDNS average analyst price target in the past 3 months is $319.72.
-
Where Will Cadence Design Systems Stock Be In 1 Year?
According to analysts, the consensus estimate is that Cadence Design Systems share price will rise to $319.72 per share over the next 12 months.
-
What Do Analysts Say About Cadence Design Systems?
Analysts are divided on their view about Cadence Design Systems share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Cadence Design Systems is a Sell and believe this share price will drop from its current level to $225.00.
-
What Is Cadence Design Systems's Price Target?
The price target for Cadence Design Systems over the next 1-year time period is forecast to be $319.72 according to 16 Wall Street analysts, 12 of them rate the stock a Buy, 1 rates the stock a Sell, and 3 analysts rate the stock a Hold.
-
Is CDNS A Buy, Sell Or Hold?
According to Wall Street analysts, the consensus rating for Cadence Design Systems is a Buy. 12 of 16 analysts rate the stock a Buy at this time.
-
How Can I Buy Shares Of CDNS?
You can purchase shares of Cadence Design Systems via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, TastyTrade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Cadence Design Systems shares.
-
What Is The Cadence Design Systems Share Price Today?
Cadence Design Systems was last trading at $308.36 per share. This represents the most recent stock quote for Cadence Design Systems. Yesterday, Cadence Design Systems closed at $304.41 per share.
-
How To Buy Cadence Design Systems Stock Online?
In order to purchase Cadence Design Systems stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.
Related Companies
SEE THE 1% OF STOCKS YOU NEED TO OWN FOR MASSIVE RETURNS
GET BETTER TRADE IDEAS
Popular
Is Tesla Going to Buy Uber?
Tesla has always been in the habit of making large,…
NVIDIA vs Broadcom Stock: Which Is Best?
If you want to invest in an AI-leading tech company,…
Stock Ideas
Buy
65
Is AAPL Stock a Buy?
Market Cap: $3.9T
P/E Ratio: 42x
Buy
57
Is NVDA Stock a Buy?
Market Cap: $3.4T
P/E Ratio: 117x
Buy
53
Is MSFT Stock a Buy?
Market Cap: $3.2T
P/E Ratio: 37x
Alerts
Buy
73
PSIX alert for Dec 24
Power Solutions International [PSIX] is up 27.42% over the past day.
Sell
40
MSTR alert for Dec 24
MicroStrategy [MSTR] is up 8.07% over the past day.
Sell
26
NUTX alert for Dec 24
Nutex Health [NUTX] is down 1.39% over the past day.
