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Cadence Design Systems share price today

(CDNS)

Cadence Design Systems share price is $301.58 & ₹25,627.06 as on 21 Dec 2024, 2.30 'hrs' IST

$301.58

▲

1.71

(0.57%)

Market is closed - opens 8 PM, 23 Dec 2024

View live Cadence Design Systems share price in Dollar and Rupees. Guide to invest in Cadence Design Systems from India. Also see the sentimental analysis on Indian investors investing in Cadence Design Systems. Get details on the Indian mutual funds that are investing in Cadence Design Systems. Get Analyst recommendations and forecasts along with all the Cadence Design Systems's financials.

Cadence Design Systems share price movements

Today's Low: $295.98
Today's High: $306.49
$301.58
1.86%
Downside
Day's Volatility :3.43%
Upside
1.6%
52 Weeks Low: $241.29
52 Weeks High: $328.99
$301.58
19.99%
Downside
52 Weeks Volatility :26.66%
Upside
8.33%

Cadence Design Systems Returns

Period	Cadence Design Systems Inc.	Sector (Technology)	Index (NASDAQ Composite)
3 Months	9.41%	4.5%	7.9%
6 Months	-3.0%	1.6%	9.3%
1 Year	8.72%	22.6%	31.1%
3 Years	60.74%	40.4%	29.3%

Cadence Design Systems Key Statistics

in dollars & INR

Previous Close	$299.87
Open	$296.71
Today's High	$306.49
Today's Low	$295.98
Market Capitalization	$82.2B
Today's Volume	$1.4M
52 Week High	$328.99
52 Week Low	$241.29
Revenue TTM	$4.4B
EBITDA	$1.5B
Earnings Per Share (EPS)	$3.8
PE Ratio	78.91
Profit Margin	23.87%
Quarterly Earnings Growth YOY	-0.06%
Return On Equity TTM	27.07%

How to invest in Cadence Design Systems from India?

It is very easy for Indian residents to invest directly in Cadence Design Systems from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Cadence Design Systems stock in both Indian Rupees (INR) and US Dollars (USD). Search for Cadence Design Systems or CDNS on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Cadence Design Systems or rupee/ dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Cadence Design Systems shares which would translate to 0.003 fractional shares of Cadence Design Systems as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India , including recognised companies like Cadence Design Systems, in just a few clicks!

Returns in Cadence Design Systems for Indian investors in Rupees

Investment Value

₹1,00,000

Cadence Design Systems investment value today

Current value as on today

₹1,11,435

Returns

₹11,435

(+11.43%)

Returns from Cadence Design Systems Stock

₹9,339 (+9.34%)

Dollar Returns

₹2,095 (+2.1%)

Indian investors sentiment towards Cadence Design Systems

-34.51%

Period: Sep 21, 2024 to Dec 20, 2024. Change in 30 Days versus previous period

Investment in Cadence Design Systems from India has reduced in the last 30 days as on Dec 21, 2024. -34.51% less purchase transactions for Cadence Design Systems in the last 30 days versus the previous period.

-27%

Period: Sep 21, 2024 to Dec 20, 2024. Change in 30 Days versus previous period

Search volume for Cadence Design Systems on INDmoney from India has reduced in the last 30 days as on Dec 21, 2024. -27% less investors are searching Cadence Design Systems in the last 30 days versus the previous period.

Indian Mutual Funds that invest in Cadence Design Systems

Name	Shares Held	Change in Shares	% of Assets
Motilal Oswal S&P 500 Index Fund Direct Growth	2353	15.93	0.16%
Axis Innovation Fund Direct Growth	1274	-	0.27%
ICICI Prudential NASDAQ 100 Index Fund Direct Growth	3547	0.00	0.50%
Edelweiss Technology Fund Direct Growth	306	0.00	0.11%

Global Institutional Holdings in Cadence Design Systems

BlackRock Inc
11.18%
Vanguard Group Inc
9.37%
State Street Corp
4.35%
Massachusetts Financial Services Company
2.87%
Jennison Associates LLC
2.77%
FMR Inc
2.68%

Analyst Recommendation on Cadence Design Systems

Buy

77%Buy

22%Hold

0%Sell

Based on 22 Wall street analysts offering stock ratings for Cadence Design Systems(by analysts ranked 0 to 5 stars)

Based on 22 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Cadence Design Systems

What analysts predicted

Upside of 5.86%

Current:

$301.58

Target:

$319.27

Insights on Cadence Design Systems

Price Movement
In the last 3 years, CDNS stock has moved up by 69.1%
Increasing Revenue
Cadence Design Systems Inc. has shown strong revenue growth over the last three quarters. The company's revenue has increased from $1.00 billion to $1.21 billion, with an average quarter-over-quarter growth rate of 8.8%. This trend indicates a positive performance in their financial results.
Increasing Net Profit
Cadence Design Systems Inc. has shown positive profit trends in the last two quarters. The net profit increased from $229.52 million to $238.11 million, which represents an average increase of 3.6% per quarter.
CDNS vs NOW (1 yr)
In the last 1 year, Servicenow, Inc. has given 54.9% return, outperforming this stock by 44.2%
CDNS vs NOW (3 yr)
In the last 3 years, Servicenow, Inc. has given 77.6% return, outperforming this stock by 8.5%
Price to Sales
Cadence Design Systems Inc. (CDNS) has a Price-to-Sales Ratio of 18.6, meaning that investors are willing to pay $18.6 for every $1 of sales the company generates. In comparison, ServiceNow, Inc. has a higher Price-to-Sales Ratio of 21.1, indicating that investors value its sales more than those of Cadence.

Cadence Design Systems Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$2.1B	↑ 10.04%
Net Income	$345.8M	↑ 69.41%
Net Profit Margin	16.17%	↑ 5.67%

	FY19	Y/Y Change
Revenue	$2.3B	↑ 9.27%
Net Income	$989.0M	↑ 186.02%
Net Profit Margin	42.33%	↑ 26.16%

	FY20	Y/Y Change
Revenue	$2.7B	↑ 14.83%
Net Income	$590.6M	↓ 40.28%
Net Profit Margin	22.02%	↓ 20.31%

	FY21	Y/Y Change
Revenue	$3.0B	↑ 11.38%
Net Income	$696.0M	↑ 17.83%
Net Profit Margin	23.29%	↑ 1.27%

	FY22	Y/Y Change
Revenue	$3.6B	↑ 19.19%
Net Income	$849.0M	↑ 21.98%
Net Profit Margin	23.84%	↑ 0.55%

	FY23	Y/Y Change
Revenue	$4.1B	↑ 14.83%
Net Income	$1.0B	↑ 22.64%
Net Profit Margin	25.46%	↑ 1.62%

	Q2 FY23	Q/Q Change
Revenue	$976.6M	↓ 4.42%
Net Income	$221.1M	↓ 8.55%
Net Profit Margin	22.64%	↓ 1.03%

	Q3 FY23	Q/Q Change
Revenue	$1.0B	↑ 4.76%
Net Income	$254.3M	↑ 15.01%
Net Profit Margin	24.86%	↑ 2.22%

	Q4 FY23	Q/Q Change
Revenue	$1.1B	↑ 4.45%
Net Income	$323.9M	↑ 27.36%
Net Profit Margin	30.31%	↑ 5.45%

	Q1 FY24	Q/Q Change
Revenue	$1.0B	↓ 5.57%
Net Income	$247.6M	↓ 23.54%
Net Profit Margin	24.54%	↓ 5.77%

	Q2 FY24	Q/Q Change
Revenue	$1.1B	↑ 5.11%
Net Income	$229.5M	↓ 7.32%
Net Profit Margin	21.64%	↓ 2.9%

	Q3 FY24	Q/Q Change
Revenue	$1.2B	↑ 14.6%
Net Income	$238.1M	↑ 3.74%
Net Profit Margin	19.59%	↓ 2.05%

	FY18	Y/Y Change
Profit	$1.9B	↑ 10.18%

	FY19	Y/Y Change
Profit	$2.1B	↑ 10.15%

	FY20	Y/Y Change
Profit	$2.4B	↑ 14.85%

	FY21	Y/Y Change
Profit	$2.7B	↑ 12.78%

	FY22	Y/Y Change
Profit	$3.2B	↑ 18.98%

	FY23	Y/Y Change
Profit	$3.7B	↑ 14.57%

	Q2 FY23	Q/Q Change
Profit	$879.7M	↓ 1.95%

	Q3 FY23	Q/Q Change
Profit	$913.5M	↑ 3.84%

	Q4 FY23	Q/Q Change
Profit	$959.5M	↑ 5.04%

	Q1 FY24	Q/Q Change
Profit	$878.5M	↓ 8.44%

	Q2 FY24	Q/Q Change
Profit	$914.7M	↑ 4.13%

	Q3 FY24	Q/Q Change
Profit	$1.2B	↑ 27.04%

	FY18	Y/Y Change
Operating Cash Flow	$604.8M	↑ 28.47%
Investing Cash Flow	$-173.8M	↓ 9.08%
Financing Cash Flow	$-567.9M	↑ 709.64%

	FY19	Y/Y Change
Operating Cash Flow	$729.6M	↑ 20.64%
Investing Cash Flow	$-105.7M	↓ 39.19%
Financing Cash Flow	$-443.9M	↓ 21.84%

	FY20	Y/Y Change
Operating Cash Flow	$904.9M	↑ 24.03%
Investing Cash Flow	$-292.2M	↑ 176.38%
Financing Cash Flow	$-415.3M	↓ 6.44%

	FY21	Y/Y Change
Operating Cash Flow	$1.1B	↑ 21.66%
Investing Cash Flow	$-293.0M	↑ 0.27%
Financing Cash Flow	$-643.8M	↑ 55.02%

	FY22	Y/Y Change
Operating Cash Flow	$1.2B	↑ 12.8%
Investing Cash Flow	$-738.6M	↑ 152.13%
Financing Cash Flow	$-657.0M	↑ 2.06%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$413.8M	↑ 54.74%
Investing Cash Flow	$-94.1M	↑ 163.71%
Financing Cash Flow	$-354.3M	↑ 79.5%

	Q3 FY23	Q/Q Change
Operating Cash Flow	$395.9M	↓ 4.32%
Investing Cash Flow	$-183.8M	↑ 95.42%
Financing Cash Flow	$-114.4M	↓ 67.72%

Cadence Design Systems Technicals Summary

Sell

Neutral

Buy

Cadence Design Systems is currently in a neutral trading position according to technical analysis indicators.

Cadence Design Systems Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Cadence Design Systems Inc.	-1.36%	-3.0%	8.72%	60.74%	327.53%
Shopify Inc.	3.01%	66.49%	39.36%	-22.73%	175.15%
Uber Technologies, Inc.	-13.49%	-14.64%	-2.43%	39.96%	98.52%
Servicenow, Inc.	5.07%	45.33%	54.09%	66.92%	279.4%
Salesforce Inc	3.23%	40.13%	26.24%	33.0%	105.34%
Intuit Inc.	-2.1%	2.09%	2.06%	0.84%	139.2%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Cadence Design Systems Inc.	78.91	78.91	3.17	5.92	0.27	0.11	NA	16.64
Shopify Inc.	110.02	110.02	1.12	1.53	0.15	0.06	NA	7.05
Uber Technologies, Inc.	30.16	30.16	0.86	1.89	0.34	0.04	NA	7.02
Servicenow, Inc.	163.99	163.99	2.87	13.9	0.16	0.05	NA	45.03
Salesforce Inc	55.56	55.56	1.58	8.2	0.1	0.05	0.0	61.43
Intuit Inc.	62.02	62.02	1.91	16.83	0.17	0.08	0.01	65.78

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Cadence Design Systems Inc.	Buy	$82.2B	327.53%	78.91	23.87%
Shopify Inc.	Buy	$141.3B	175.15%	110.02	16.4%
Uber Technologies, Inc.	Buy	$128.9B	98.52%	30.16	10.49%
Servicenow, Inc.	Buy	$218.9B	279.4%	163.99	12.77%
Salesforce Inc	Buy	$322.7B	105.34%	55.56	15.45%
Intuit Inc.	Buy	$178.3B	139.2%	62.02	18.2%

About Cadence Design Systems

cadence is a leading provider of eda and semiconductor ip. our custom/analog tools help engineers design the transistors, standard cells, and ip blocks that make up socs. our digital tools automate the design and verification of giga-scale, giga-hertz socs at the latest semiconductor processing nodes. our ic packaging and pcb tools permit the design of complete boards and subsystems. cadence also offers a growing portfolio of design ip and verification ip for memories, interface protocols, analog/mixed-signal components, and specialized processors. and reaching up to the systems level, cadence offers an integrated suite of hardware/software co-development platforms. in short, cadence® technology helps customers build great products that connect the world.

Organization	Cadence Design Systems
Employees	12703
CEO	Dr. Anirudh Devgan Ph.D.
Industry	Electronic Technology

Management People of Cadence Design Systems

Name	Title
Dr. Anirudh Devgan Ph.D.	CEO, President & Director
Mr. John M. Wall	Senior VP & CFO
Mr. Aneel Zaman	Senior VP & Chief Revenue Officer
Dr. Chin-Chi Teng Ph.D.	Senior VP and GM of the Digital & Signoff Group
Dr. Paul Cunningham Ph.D.	Senior VP & GM of the System and Verification Group
Mr. Ariel Sella	Co-Founder
Mr. James Haddad	Corporate VP of Corporate Finance & Treasurer
Mr. Tarak Ray	Chief Information Officer & Corporate VP
Mr. Richard Gu	Vice President of Investor Relations
Ms. Karna Nisewaner J.D.	Senior VP, General Counsel & Corporate Secretary

Important FAQs about investing in Cadence Design Systems from India :

What is Cadence Design Systems share price today?

Cadence Design Systems share price today stands at $301.58, Open: $296.71 ; Previous Close: $299.87 ; High: $306.49 ; Low: $295.98 ; 52 Week High: $328.99 ; 52 Week Low: $241.29. The stock opens at $296.71, after a previous close of $299.87. The stock reached a daily high of $306.49 and a low of $295.98, with a 52-week high of $328.99 and a 52-week low of $241.29.

Can Indians buy Cadence Design Systems shares?

Yes, Indians can invest in the Cadence Design Systems (CDNS) from India.

With INDmoney, you can buy Cadence Design Systems at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Cadence Design Systems at zero transaction cost.

How can I buy Cadence Design Systems shares from India?

It is very easy to buy Cadence Design Systems from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Cadence Design Systems be purchased?

Yes, you can buy fractional shares of Cadence Design Systems with INDmoney app.

What are the documents required to start investing in Cadence Design Systems stocks?

To start investing in Cadence Design Systems, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.