Cadence Design Systems, Inc. (CDNS)
Cadence Design Systems, Inc.
Scored against other Technology stocks, not a fixed scale.
The quick read
Cadence Design Systems is right in the middle: the good and the not-so-good roughly cancel out.
- What's working
- It keeps a bigger share of each dollar it brings in than most other tech companies.
- Worth watching
- The stock has been sliding and sits near the low end of its range for the year.
Analyst price target
~12-month · 26 analystsPublished targets from Wall Street analysts (public data) — what analysts expect over roughly a year. This is not a StockGlow forecast and not a recommendation. Analyst targets are frequently wrong.
About Cadence Design Systems, Inc.
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions…
- Sector
- Technology
- Industry
- Software - Application
- Employees
- 15,445
- Headquarters
- San Jose, CA
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What’s behind the score
Valuation
P/E 63.5 — lower than 24% of Technology peers
P/B 12.8 — lower than 41% of Technology peers
P/S 15.1 — lower than 30% of Technology peers
EV/EBITDA 41.3 — lower than 33% of Technology peers
EV/Revenue 15.3 — lower than 30% of Technology peers
PEG 2.4 — lower than 11% of Technology peers
FCF yield 1.8% — higher than 46% of Technology peers
Profitability & quality
Gross margin 85.9% — higher than 93% of Technology peers
Operating margin 28.6% — higher than 63% of Technology peers
Net margin 23.6% — higher than 63% of Technology peers
ROE 23.2% — higher than 48% of Technology peers
ROA 10.6% — higher than 65% of Technology peers
Free cash flow is 117% of reported net income
Financial health
Debt/equity 0.4 — lower than 60% of Technology peers
Current ratio 1.74 — higher than 59% of Technology peers
Quick ratio 1.43 — higher than 61% of Technology peers
Cash/debt 0.58 — higher than 36% of Technology peers
Debt/EBITDA 1.23 — lower than 61% of Technology peers
Growth
Revenue growth 24.2% YoY — higher than 46% of Technology peers
Earnings growth 125.4% YoY — higher than 71% of Technology peers
Ownership & investor activity
Payout ratio 0.0% — typical for Technology peers
Net insider selling, -12.6% of insider shares
Institutions net sold, -13.8% of shares held
Insiders hold 0.3% of shares outstanding
2.1% of float sold short
Momentum
Below its 50- & 200-day averages
37% of the way from its 52-week low to high