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Cadence Design Systems, Inc (CDNS) is a leading software-application business with stocks listed in the US. It opened the day at US$130.55 after a previous close of US$130.91. During the day the price has varied from a low of USD129.875 to a high of USD131.8785. The latest price was USD130.47 (25 minute delay). Cadence Design Systems is listed on the NASDAQ. All prices are listed in US Dollars.
How to buy shares in Cadence Design Systems
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Cadence Design Systems. Find the share by name or ticker symbol: CDNS. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cadence Design Systems reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$123.94, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Cadence Design Systems, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Cadence Design Systems. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Cadence Design Systems key stats
- Compare share trading platforms
- Is Cadence Design Systems stock a buy or sell?
- Cadence Design Systems performance over time
- Can I short Cadence Design Systems shares?
- Is Cadence Design Systems suitable for ethical investing?
- Are Cadence Design Systems shares over-valued?
- Cadence Design Systems's financials
- How volatile are Cadence Design Systems shares?
- Does Cadence Design Systems pay a dividend?
- Have Cadence Design Systems shares ever split?
- Other common questions
Cadence Design Systems share priceUse our graph to track the performance of CDNS stocks over time.
Cadence Design Systems shares at a glance
|52-week range||US$91.43 - US$149.08|
|50-day moving average||US$126.4832|
|200-day moving average||US$131.8569|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$2.34|
Compare share trading platforms to buy stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Cadence Design Systems stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Cadence Design Systems price performance over time
|1 month (2021-05-21)||5.68%|
|3 months (2021-03-19)||3.98%|
|6 months (2020-12-18)||-1.17%|
|1 year (2020-06-19)||41.97%|
|2 years (2019-06-20)||79.54%|
|3 years (2018-06-20)||188.65%|
|5 years (2016-06-20)||432.97%|
Is Cadence Design Systems under- or over-valued?
Valuing Cadence Design Systems stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cadence Design Systems's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cadence Design Systems's P/E ratio
Cadence Design Systems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 56x. In other words, Cadence Design Systems shares trade at around 56x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Cadence Design Systems's PEG ratio
Cadence Design Systems's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.2678. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cadence Design Systems's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Cadence Design Systems's EBITDA
Cadence Design Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$868.7 million.
The EBITDA is a measure of a Cadence Design Systems's overall financial performance and is widely used to measure a its profitability.
Cadence Design Systems financials
|Revenue TTM||US$2.8 billion|
|Operating margin TTM||25.71%|
|Gross profit TTM||US$2.4 billion|
|Return on assets TTM||11.59%|
|Return on equity TTM||27.82%|
|Market capitalisation||US$36.3 billion|
TTM: trailing 12 months
Shorting Cadence Design Systems shares
There are currently 3.0 million Cadence Design Systems shares held short by investors – that's known as Cadence Design Systems's "short interest". This figure is 2.9% down from 3.1 million last month.
There are a few different ways that this level of interest in shorting Cadence Design Systems shares can be evaluated.
Cadence Design Systems's "short interest ratio" (SIR)
Cadence Design Systems's "short interest ratio" (SIR) is the quantity of Cadence Design Systems shares currently shorted divided by the average quantity of Cadence Design Systems shares traded daily (recently around 1.6 million). Cadence Design Systems's SIR currently stands at 1.81. In other words for every 100,000 Cadence Design Systems shares traded daily on the market, roughly 1810 shares are currently held short.
However Cadence Design Systems's short interest can also be evaluated against the total number of Cadence Design Systems shares, or, against the total number of tradable Cadence Design Systems shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cadence Design Systems's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Cadence Design Systems shares in existence, roughly 10 shares are currently held short) or 0.0108% of the tradable shares (for every 100,000 tradable Cadence Design Systems shares, roughly 11 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cadence Design Systems.
Find out more about how you can short Cadence Design Systems stock.
Cadence Design Systems's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Cadence Design Systems.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Cadence Design Systems's total ESG risk score
Total ESG risk: 15.04
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Cadence Design Systems's overall score of 15.04 (as at 12/31/2018) is excellent – landing it in it in the 9th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Cadence Design Systems is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Cadence Design Systems's environmental score
Environmental score: 1.84/100
Cadence Design Systems's social score
Social score: 6.48/100
Cadence Design Systems's governance score
Governance score: 3.4/100
Environmental, social, and governance (ESG) summary
|Total ESG score||15.04|
|Total ESG percentile||9.44|
Cadence Design Systems share dividends
We're not expecting Cadence Design Systems to pay a dividend over the next 12 months.
Have Cadence Design Systems's shares ever split?
Cadence Design Systems's shares were split on a 2:1 basis on 16 November 1997. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cadence Design Systems shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cadence Design Systems shares which in turn could have impacted Cadence Design Systems's share price.
Cadence Design Systems share price volatility
Over the last 12 months, Cadence Design Systems's shares have ranged in value from as little as US$91.43 up to US$149.08. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cadence Design Systems's is 0.9946. This would suggest that Cadence Design Systems's shares are less volatile than average (for this exchange).
Cadence Design Systems overview
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products, including Genus logic synthesis and RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to verify the correct interaction with dozens of design IP interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was incorporated in 1988 and is headquartered in San Jose, California.
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