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Cadence Design Systems Inc

CDNS:NSQ

Cadence Design Systems Inc

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TechnologyTechnology
  • Price (USD)281.45
  • Today's Change11.76 / 4.36%
  • Shares traded914.28k
  • 1 Year change+18.97%
  • Beta1.0209
Data delayed at least 15 minutes, as of Sep 19 2024 19:38 BST.
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Consensus recommendation

  • 14-Sep-23
  • 20-Jun-24
  • 18-Jul-24
  • 15-Aug-24
  • 12-Sep-24
Select bar for recommendation details.
Recommendations12-Sep-24
Buy5
Outperform6
Hold4
Sell0
Strong Sell0

Share price forecast in USD

The 13 analysts offering 12 month price targets for Cadence Design Systems Inc have a median target of 330.00, with a high estimate of 355.00 and a low estimate of 257.52. The median estimate represents a 22.36% increase from the last price of 269.69.
High31.6%355.00
Med22.4%330.00
Low-4.5%257.52

Earnings history & estimates in USD

On Jul 22, 2024, Cadence Design Systems Inc reported 2nd quarter 2024 earnings of 1.28 per share. This result was in line with the consensus of the 9 analysts following the company and exceeded last year's 2nd quarter results by 4.92%.
The next earnings announcement is expected on Oct 21, 2024.
Average growth rate+1.75%
Cadence Design Systems Inc reported annual 2023 earnings of 5.15 per share on Feb 12, 2024.
Average growth rate+23.79%
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Revenue history & estimates in USD

Cadence Design Systems, Inc. had 2nd quarter 2024 revenues of 1.06bn. This bettered the 1.04bn consensus of the 10 analysts covering the company. This was 3.82% above the prior year's 2nd quarter results.
Average growth rate+2.19%
Cadence Design Systems, Inc. had revenues for the full year 2023 of 4.09bn. This was 14.83% above the prior year's results.
Average growth rate+15.06%
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