에 대한 최신 뉴스 Cadence Design Sys (NASDAQ:CDNS) 주식

Cadence Design Sys

Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates 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. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.

Cadence Design Systems

Equities

Large Cap

Mid Cap

Broad U.S. Equity ETFs

Commodities

Small Cap

Econ #s

Economics

Federal Reserve

Markets

Tech

ETFs

CDNS

SPDR Dow Jones Industrial Average ETF Trust

GOOGL

NCLH

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SMCI

TEAM

TSLA

이스라엘의 이란에 대한 보복 가능성에 대한 우려가 완화되고 유가가 하락하자 수요일 월스트리트는 상승했다. 전반적인 시장 상승은 목요일 소비자 물가 지수(CPI) 인플레이션 보고서 발표와 3분기 실적 시즌 시작을 앞두고 낙관적인 분위기를 반영한 것이다.

S&amp;P 500이 역대 최고치 경신, 다우존스는 사상 최고치에 근접, 나스닥 100은 7월 이후 최고

Earnings

News

Global

After-Hours Center

Movers

다국적 기술 및 컴퓨터 소프트웨어 회사 케이던스 디자인 시스템즈(NASDAQ:CDNS)는 월요일 2분기 재무 결과를 발표했다. 보고서의 주요 수치는 다음과 같다.

케이던스 디자인: 양호한 2분기 실적에도 약한 3분기 지침에 주가 하락

General

AMAT

ASML

LPLA

LRCX

ONTO

SCHW

이들 11개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요?

AMD와 도미노피자는 지난주 최악의 성과를 보인 11개 대형주 중 일부 (7월 14일-7월 20일)

Cadence Design Systems, Inc. - Common Stock

Cadence Design Systems Inc

CADENCE DESIGN SYSTEMS ORD

Loop Capital analyst Gary Mobley initiates coverage on Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Buy rating and announces Price Target of $360.

Price Target

Initiation

Analyst Ratings

Loop Capital Initiates Coverage On Cadence Design Sys with Buy Rating, Announces Price Target of $360

Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) has outperformed the market over the past 10 years by 20.8% on an annualized basis producing an average annual return of 31.98%. Currently, Cadence Design Sys has a market capitalization of $79.14 billion. 
Buying $1000 In CDNS: If an investor had bought $1000 of CDNS stock 10 years ago, it would be worth $15,960.37 today based on a price of $289.01 for CDNS at the time of writing.
<h3>Cadence Design Sys's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730323828_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In This Stock 10 Years Ago Would Be Worth $16,000 Today

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) stock rose 92.7% to $1.33 during Tuesday's regular session. The company's market cap stands at $4.0 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 19.45% to $0.32. </li>
<li>CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) stock increased by 19.16% to $163.22. The company's market cap stands at $7.1 billion. As per the press release, Q2 earnings came out today. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) stock moved upwards by 17.45% to $1.25. The market value of their outstanding shares is at $358.2 million. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock increased by 16.17% to $2.73. The market value of their outstanding shares is at $29.1 million. </li>
<li>Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) shares moved upwards by 12.5% to $284.37. The market value of their outstanding shares is at $77.8 billion. The company's, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Daqo New Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) stock fell 24.8% to $21.91 during Tuesday's regular session. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock declined by 24.67% to $11.16. The company's market cap stands at $1.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares declined by 18.34% to $0.39. The market value of their outstanding shares is at $2.4 million. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares declined by 18.29% to $8.4. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares fell 14.73% to $9.01. The company's market cap stands at $102.1 million. </li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares decreased by 14.59% to $23.66. The company's market cap stands at $1.0 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BKYI

CETX

CVLT

GREE

HLIT

PHUN

12 Information Technology Stocks Moving In Tuesday's Intraday Session

Rosenblatt analyst Blair Abernethy maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Neutral and maintains $280 price target.

Rosenblatt Maintains Neutral on Cadence Design Sys, Maintains $280 Price Target

Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) reported better-than-expected third-quarter <a href="https://www.benzinga.com/quote/CDNS/earnings">financial results on Monda</a>y.
Cadence Design reported quarterly earnings of $1.64 per share which beat the analyst consensus estimate of $1.44 per share. The company reported quarterly sales of $1.22 billion which beat the analyst consensus estimate of $1.18 billion.
&#8220;Cadence delivered exceptional results for the third quarter of 2024, driven by broad-based strength across our portfolio, especially in IP, SD&amp;A, and hardware systems,&#8221; said Anirudh Devgan, president and chief executive officer. &#8220;Customers are achieving outstanding results with Cadence.AI, and I&#8217;m excited by its accelerating proliferation as AI rapidly becomes an integral part of the design workflow.&#8221;
Cadence said it sees FY24 adjusted earnings of $5.87 to $5.93 per share, versus analysts' estimates of $5.89 per share. The company expects revenue of $4.61 billion to $4.65 billion versus projections of $4.628 billion.
Cadence Design shares fell 1.8% to close at $252.77 on Monday.
These analysts made changes to their price targets on Cadence Design following earnings announcement.
<ul>
<li>Needham analyst Charles Shi maintained Cadence Design Sys with a Buy and lowered the price target from $320 to $315.</li>
<li>Baird analyst Joe Vruwink maintained the stock with an Outperform and raised the price target from $332 to $340.</li>
</ul>
Considering buying CDNS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297-1024x489.png" alt="" class="wp-image-619356" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297-1024x489.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297-768x367.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297.png 1262w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41592226/dow-surges-over-250-points-ahead-of-alphabet-pfizer-earnings-investor-sentiment-improves-fear-index">Dow Surges Over 250 Points Ahead Of Alphabet, Pfizer Earnings: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

These Analysts Revise Their Forecasts On Cadence Design Systems Following Q3 Results

Baird analyst Joe Vruwink maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Outperform and raises the price target from $332 to $340.

Baird Maintains Outperform on Cadence Design Sys, Raises Price Target to $340

Needham analyst Charles Shi maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Buy and lowers the price target from $320 to $315.

Needham Maintains Buy on Cadence Design Sys, Lowers Price Target to $315

WIIM

Cadence Design Systems shares are trading higher after the company reported better-than-expected Q3 financial results.

<h3>Gainers</h3>
<ul>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock increased by 16.4% to $0.32 during Monday's after-market session. </li>
<li>F5 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) stock increased by 10.01% to $240.22. The market value of their outstanding shares is at $14.0 billion. The company's, Q4 earnings came out today. </li>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock increased by 7.96% to $16.0. The market value of their outstanding shares is at $1.8 billion. The company's, Q3 earnings came out today. </li>
<li>Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) stock rose 6.81% to $270.0. The company's market cap stands at $73.9 billion. The company's, Q3 earnings came out today. </li>
<li>Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) stock increased by 5.37% to $117.48. The market value of their outstanding shares is at $3.2 billion. As per the news, the Q2 earnings report came out today. </li>
<li>Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) stock moved upwards by 4.93% to $9.14. The company's market cap stands at $422.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares fell 11.1% to $26.26 during Monday's after-market session. The market value of their outstanding shares is at $6.4 billion. As per the news, the Q3 earnings report came out today. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares decreased by 10.46% to $0.43. The company's market cap stands at $2.6 million. </li>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) stock decreased by 6.2% to $1.06. The market value of their outstanding shares is at $26.1 million. </li>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) stock declined by 5.01% to $0.9. The company's market cap stands at $34.2 million. </li>
<li>Pagaya Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) stock declined by 4.75% to $12.04. The company's market cap stands at $864.6 million. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares declined by 4.48% to $0.06. The company's market cap stands at $9.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGYS

AKTS

AMKR

BNAI

FFIV

MITK

SAIH

12 Information Technology Stocks Moving In Monday's After-Market Session

Synopsys shares are trading higher amid possible sympathy with Cadence Design Systems after the company reported Q3 financial results.

Guidance

Cadence Sees FY24 Adj. EPS $5.87-$5.93 Vs $5.89 Est.; Revenue $4.61B-$4.65B Vs $4.628B Est.

Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) reported quarterly earnings of $1.64 per share which beat the analyst consensus estimate of $1.44 by 13.89 percent. The company reported quarterly sales of $1.22 billion which beat the analyst consensus estimate of $1.18 billion by 2.88 percent. This is a 18.77 percent increase over sales of $1.02 billion the same period last year.

Earnings Beats

Cadence Design Sys Q3 2024 Adj EPS $1.64 Beats $1.44 Estimate, Sales $1.22B Beat $1.18B Estimate

Investor sentiment turned optimistic towards risk assets early this week as plummeting oil prices, driven by Israel's decision not to target Iran's crude facilities during weekend attacks, eased concerns over an escalated Middle Eastern conflict and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices">potential global economic disruptions.</a>
The S&amp;P 500 gained 0.3%, the tech-heavy Nasdaq 100 mirrored this performance and the Dow added 0.6%.
Economically sensitive small-cap stocks saw stronger gains, with the Russell 2000 soaring 1.5% after a stretch of losses in six of the last seven sessions.
West Texas Intermediate (WTI) crude – tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) – dropped over 5% in midday New York trading, heading for its sharpest one-day decline since July 2022. Natural gas prices also plunged, with Henry Hub prices falling more than 9%, poised for their steepest single-session loss since mid-January.
U.S. energy stocks weakened, with the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) standing as the sole sector in the red on Monday.
Despite the significant drop in energy prices, Treasury yields continued to rise, potentially tempering the stock market&#8217;s bullish momentum. Investors remain cautious about further U.S. fiscal policy deterioration as election season approaches. 
Yields on 10-year Treasury bonds rose by 5 basis points to 4.29%, aiming for their highest close since July 11.
Gold prices held steady around $2,745 per ounce, marking no gains since last Tuesday's close.
Sentiment in cryptocurrency markets remained bullish, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) up 1.4% to over $68,000, reaching a one-week high, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) jumped 4.5% in its third consecutive session of gains, eyeing the highest levels since June.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,242.10</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,381.18</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,828.13</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,409.47</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.54% to $581.22.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.7% to $424.02.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.2% higher to $496.42.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.7% to $222.55.</li>
<li>The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up by 1.1%. The Energy Select Sector SPDR Fund lagged, down 0.8%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Airlines and cruise line stocks rallied as oil prices declined. American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) was up by 4.5%, Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>), up by 4%, United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), up 3.5%, Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), up 4.5%, Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), up 2.8%, and Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), up 0.9%.</li>
</ul>
Stocks reacting on earnings reports included ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), up 4.4% and CenterPoint Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), up 1%. 
Large-cap companies slated to report their earnings after the close are Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), Brown &amp; Brown Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) and F5 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>). 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41579487/amd-q3-earnings-preview-can-ai-server-gains-help-narrow-the-semiconductor-gap-with-">AMD Q3 Earnings Preview: Can AI, Server Gains Help Narrow The Semiconductor Gap With Nvidia?</a></li>
</ul>
Photo via Shutterstock.

Macro Economic Events

$BTC

$DOGE

Wall Street Gains As Crude Tumbles, Small Caps Soar, Bitcoin Tops $68,000: What's Driving Markets Monday?

Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) will release its quarterly earnings report on Monday, 2024-10-28. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Cadence Design Sys to report an earnings per share (EPS) of $1.44.
Anticipation surrounds Cadence Design Sys's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
The company's EPS beat by $0.06 in the last quarter, leading to a 1.42% drop in the share price on the following day.
Here's a look at Cadence Design Sys's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.22</td>
<td>1.13</td>
<td>1.33</td>
<td>1.20</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.28</td>
<td>1.17</td>
<td>1.38</td>
<td>1.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>-4.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729864911_0.png" alt="eps graph" />
<h3>Tracking Cadence Design Sys's Stock Performance</h3>
Shares of Cadence Design Sys were trading at $251.28 as of October 24. Over the last 52-week period, shares are up 9.73%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Cadence Design Sys</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Cadence Design Sys.
Cadence Design Sys has received a total of 6 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $291.33, the consensus suggests a potential 15.94% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Synopsys, Workday and Autodesk, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for Synopsys, with an average 1-year price target of $656.5, implying a potential 161.26% upside.</li>
<li>Workday is maintaining an Outperform status according to analysts, with an average 1-year price target of $292.35, indicating a potential 16.34% upside.</li>
<li>For Autodesk, analysts project an Neutral trajectory, with an average 1-year price target of $300.32, indicating a potential 19.52% upside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary presents essential metrics for Synopsys, Workday and Autodesk, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cadence Design Sys</td>
<td>Neutral</td>
<td>8.61%</td>
<td>$921.41M</td>
<td>5.86%</td>
</tr>
<tr>
<td>Synopsys</td>
<td>Buy</td>
<td>12.65%</td>
<td>$1.24B</td>
<td>5.49%</td>
</tr>
<tr>
<td>Workday</td>
<td>Outperform</td>
<td>16.68%</td>
<td>$1.57B</td>
<td>1.60%</td>
</tr>
<tr>
<td>Autodesk</td>
<td>Neutral</td>
<td>11.90%</td>
<td>$1.36B</td>
<td>12.17%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Cadence Design Sys ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is at the bottom compared to its peers.
<h3>Unveiling the Story Behind Cadence Design Sys</h3>
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates 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. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
<h3>A Deep Dive into Cadence Design Sys's Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Cadence Design Sys's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 8.61%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Cadence Design Sys's net margin excels beyond industry benchmarks, reaching 21.64%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Cadence Design Sys's ROE stands out, surpassing industry averages. With an impressive ROE of 5.86%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Cadence Design Sys's ROA excels beyond industry benchmarks, reaching 3.55%. This signifies efficient management of assets and strong financial health.
Debt Management: Cadence Design Sys's debt-to-equity ratio is below the industry average at 0.32, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/CDNS/earnings">To track all earnings releases for Cadence Design Sys visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Cadence Design Sys

Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $291.33, with a high estimate of $325.00 and a low estimate of $225.00. This current average has decreased by 0.46% from the previous average price target of $292.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1729623657_0_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Cadence Design Sys among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Siti Panigrahi</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$325.00</td>
<td>-</td>
</tr>
<tr>
<td>Nay Soe Naing</td>
<td>Berenberg</td>
<td>Announces</td>
<td>Buy</td>
<td>$320.00</td>
<td>-</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$280.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Edward Yang</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Underperform</td>
<td>$225.00</td>
<td>-</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$280.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Clarke Jeffries</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$318.00</td>
<td>$318.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cadence Design Sys. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Cadence Design Sys compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Cadence Design Sys's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Cadence Design Sys's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CDNS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cadence Design Sys analyst ratings.</a>
<h2>Get to Know Cadence Design Sys Better</h2>
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates 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. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
<h3>Cadence Design Sys: Delving into Financials</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Cadence Design Sys displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 8.61%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Cadence Design Sys's net margin excels beyond industry benchmarks, reaching 21.64%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.86%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.55%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.32, Cadence Design Sys adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 6 Analyst Recommendations For Cadence Design Sys

- Reuters Citing Sources&nbsp;
Potential bidders include rival design software makers such as Cadence Design Systems CDNS.O, the sources said. Reuters could not determine whether Cadence had approached Altair.

Rumors

ALTR

Altair Engineering Is Exploring A Sale After Attracting Takeover Interest

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>JP Morgan analyst Andrew Polkowitz initiated coverage on Insperity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSP#NYSE">NSP</a>) with an Underweight rating and announced a price target of $90. Insperity shares closed at $86.99 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Bingqing Zhu initiated coverage on The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Sell rating and announced a price target of $165. Hershey shares closed at $184.67 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Steve Barger initiated coverage on Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) with a Sector Weight rating. Plexus shares closed at $136.23 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein analyst Dean Rosenblum initiated coverage on Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with an Outperform rating and announced a price target of $95. Walmart shares closed at $80.81 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho analyst Siti Panigrahi initiated coverage on Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with an Outperform rating and announced a price target of $325. Cadence Design shares closed at $253.15 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41429862/this-analyst-with-85-accuracy-rate-sees-around-11-upside-in-netflix-here-are-5-stock-picks-for-last">This Analyst With 85% Accuracy Rate Sees Around 11% Upside In Netflix &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Pre-Market Outlook

PLXS

This Walmart Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

Mizuho analyst Siti Panigrahi initiates coverage on Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Outperform rating and announces Price Target of $325.

Mizuho Initiates Coverage On Cadence Design Sys with Outperform Rating, Announces Price Target of $325

Live On CNBC, Amy Raskin Announces Trimmed Cadence Design Systems

BofA analyst Vivek Arya lowered the firm's price target on Cadence Design (CDNS) to $310 from $330 and keeps a Buy rating on the shares. The stock ...

Cadence Design price target lowered to $310 from $330 at BofA

Parnassus Mid Cap Growth Fund  Q3 2024 Commentary

Cadence Design Systems: Initiating With A Buy On AI Strides

Bearish flow noted in Cadence Design (CDNS) with 1,352 puts trading, or 1.1x expected. Most active are Nov-24 240 puts and Nov-24 225 puts, with to...

Cadence Design put volume heavy and directionally bearish

Palantir surges after 'eye-popping quarter' as Wall Street praises AI initiatives

NZS Capital Growth Equity Strategy Q3 2024 Investment Commentary

KeyBanc feels strongly about software stocks under Trump presidency

Loop Capital initiated coverage of Cadence Design (CDNS) with a Buy rating and $360 price target Published first on TheFly – the ultimate source fo...

Cadence Design initiated with a Buy at Loop Capital

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Nvidia initiated, Airbnb downgraded: Wall Street's top analyst calls

AAPL

ABBV

ABNB

ADSK

ADYEY

ADYYF

ALGM

ARGX

AZPN

BILL

CPRT

CSCO

FIVN

GWRE

IHRT

ILMN

JBHT

KLAC

LSCC

MELI

MRNA

MRVL

MSFT

NFLX

NVDA

NXPI

OKTA

PAYC

PCTY

PLTR

QCOM

QRVO

RMBS

ROST

SNDR

SNPS

SWKS

TRMB

TWLO

WDAY

Press Releases

Cadence and Samsung Foundry Accelerate Chip Innovation for Advanced AI and 3D-IC Applications

Cadence and Intel Foundry Collaborate on Systems Foundry Enablement for the AI Era

Cadence Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity

Cadence Announces Second Quarter 2024 Financial Results Webcast

Cadence Reports Second Quarter 2024 Financial Results

Cadence Launches Fem.AI, Pledges $20M to Kickstart Gender Equity in the AI Workforce

TSMC and Cadence Collaborate to Deliver AI-Driven Advanced-Node Design Flows, Silicon-Proven IP and 3D-IC Solutions

Cadence Announces Third Quarter 2024 Financial Results Webcast

Cadence Announces Fem.AI Alliance to Lead Gender Equity Revolution in the AI Workforce

Comments

Cadence Design Sys

뉴스

에 대한 최신 뉴스 Cadence Design Sys (NASDAQ:CDNS) 주식

수요일, 10월 09, 2024

화요일, 7월 23, 2024

월요일, 7월 22, 2024

화요일, 4월 23, 2024

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌