Cadence Design Systems, Inc. with ticker code (CDNS) have now 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $355.00 and $257.52 calculating the average target share price we see $325.12. (at the time of writing). Now with the previous closing price of $258.38 and the analysts are correct then there would likely be a percentage uptick in value of 25.8%. The day 50 moving average is $299.81 and the 200 day MA is $285.88. The market capitalization for the company is 70.86B. The current share price for the company is: $258.79 USD
The potential market cap would be $89,165,627,613 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 67.22, 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.
