Cadence Design Systems, Inc. with ticker code (CDNS) have now 13 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between $355.00 and $257.52 calculating the mean target price we have $325.12. Given that the stocks previous close was at $284.56 and the analysts are correct then we can expect a percentage increase in value of 14.3%. The day 50 moving average is $290.32 and the 200 moving average now moves to $288.18. The company has a market capitalization of 75.46B. The stock price is currently at: $275.58 USD
The potential market cap would be $86,214,970,686 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 71.39, revenue per share of $15.43 and a 12.15% return on assets.
Cadence Design Systems, Inc. is an electronic system designing company. The Company’s Custom IC Design and Simulation offerings are used by its customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital IC Design and Signoff solutions are used to create logical representations of a digital circuit or an integrated circuit (IC) that can be verified for correctness prior to implementation. The Company’s Functional Verification products are used by its customers to verify that the circuitry or the software they have designed is consistent with the functional specification. Its IP offerings consist of pre-verified, customizable functional blocks. Its System Design and Analysis offerings are used by its customers to develop printed circuit boards (PCBs) and advanced IC packages and to analyze electromagnetic, electro-thermal and other multi-physics effects.
