Cadence Design Systems, Inc. - Common Stock (CDNS)
366.26
+32.50 (9.74%)
NASDAQ · Last Trade: Jul 29th, 6:59 PM EDT
Detailed Quote
Previous Close
333.76
Open
355.00
Bid
365.00
Ask
366.40
Day's Range
353.00 - 370.61
52 Week Range
221.56 - 335.16
Volume
4,665,604
Market Cap
101.37B
PE Ratio (TTM)
92.72
EPS (TTM)
4.0
Dividend & Yield
N/A (N/A)
1 Month Average Volume
1,632,967
Chart
About Cadence Design Systems, Inc. - Common Stock (CDNS)
Cadence Design Systems is a leading technology company that specializes in electronic design automation (EDA) software and engineering services. The company provides a comprehensive suite of tools and solutions that facilitate the design, verification, and implementation of integrated circuits and electronic systems. Cadence's offerings enable engineers to create innovative products across various industries, including consumer electronics, automotive, and telecommunications. By leveraging advanced algorithms and machine learning, Cadence helps customers improve their design efficiency, reduce time to market, and enhance the overall performance of their electronic products. Read More
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 9.1% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations and raised its full-year financial outlook. The electronic design automation (EDA) company, which provides software and hardware for designing semiconductors, posted second-quarter adjusted earnings of $1.65 per share on revenue of $1.28 billion. This revenue figure represented a 20% increase year-over-year, and both metrics beat analyst forecasts. The strong performance was attributed to high demand from the artificial intelligence, high-performance computing, and automotive sectors. This result came despite Cadence disclosing a one-time charge of $140.6 million to settle legal proceedings with the U.S. government over its business operations in China. Investors appeared to focus on the strong results, as the company also increased its 2025 revenue forecast to a range of $5.21 billion to $5.27 billion and its adjusted EPS guidance to between $6.85 and $6.95. Following the news, analysts at firms including J.P. Morgan and Wells Fargo raised their price targets.
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Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 20.2% year on year to $1.28 billion. The company’s full-year revenue guidance of $5.24 billion at the midpoint came in 0.8% above analysts’ estimates. Its non-GAAP profit of $1.65 per share was 5.9% above analysts’ consensus estimates.
Cadence Design Systems reports financial results for the second quarter after the market close on Monday. Here's a look at the key details from the quarter.
Software is eating the world, and virtually no business is left untouched by it. This secular theme makes SaaS companies attractive investment candidates but also comes with higher valuations that cause volatility.
Unfortunately, the rich prices have haunted them over the past six months as the industry has shed 3.3%. This performance was disappointing since the S&P 500 climbed 5.8%.
CADENCE DESIGN SYS INC (NASDAQ:CDNS) shows strong growth fundamentals and a bullish technical setup, making it a stock worth watching for investors seeking growth opportunities.
CADENCE DESIGN SYS INC (NASDAQ:CDNS) is a high-quality stock with strong revenue growth, exceptional ROIC, and solid financial health, making it a candidate for long-term investors.
