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CDNS Cadence Design Systems Forecast, Technical & Fundamental Analysis

a developer of integrated circuits and electronic devices and provides software services

Industry PackagedSoftware

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A.I. Advisor

published Earnings

CDNS is expected to report earnings to rise 20.12% to $1.97 per share on February 25

Cadence Design Systems CDNS Stock Earnings Reports

Q4'24

Est.

$1.97

Q3'24

Beat

by $0.20

Q2'24

Beat

by $0.05

Q1'24

Beat

by $0.04

Q4'23

Beat

by $0.04

The last earnings report on October 28 showed earnings per share of $1.64, beating the estimate of $1.44. With 1.72M shares outstanding, the current market capitalization sits at 85.08B.

A.I. Advisor

published General Information

General Information

a developer of integrated circuits and electronic devices and provides software services

Industry PackagedSoftware

Profile

Fundamentals

Details

Industry

Electronic Production Equipment

Address

2655 Seely Avenue

Phone

+1 408 943-1234

Employees

11200

Web

https://www.cadence.com

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CDNS and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if CDNS jumps, then SNPS could also see price increases.

Ticker / NAME	Correlation To CDNS	1D Price Change %
CDNS	100%	+1.46%
SNPS - CDNS	86% Closely correlated	+1.41%
PDFS - CDNS	61% Loosely correlated	+0.37%
ADSK - CDNS	55% Loosely correlated	+0.87%
PTC - CDNS	54% Loosely correlated	-0.41%
ANSS - CDNS	54% Loosely correlated	+0.80%
More

Groups containing CDNS

Correlation & Price change

Ticker / NAME	Correlation To CDNS	1D Price Change %
CDNS	100%	+1.46%
CDNS (2 stocks)	94% Closely correlated	+1.44%
design (8 stocks)	87% Closely correlated	+1.93%
software (96 stocks)	72% Closely correlated	+0.85%
integrated (20 stocks)	66% Loosely correlated	-0.30%
electronic components (24 stocks)	66% Loosely correlated	+0.11%
More