Cadence Design Systems, Inc. with ticker code (CDNS) now have 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $355.00 and $257.52 suggesting an average Analsyt target price of $325.12. Now with the previous closing price of $250.85 this now indicates there is a potential upside of 29.6%. Also worth taking note is the 50 day moving average now sits at $279.74 while the 200 day moving average is $288.19. The market cap for the company is 67.78B. The stock price is currently at: $247.52 USD
The potential market cap would be $87,842,571,854 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 64.12, 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.
