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Cadence Design Systems Inc

CDNS:NSQ

Cadence Design Systems Inc

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TechnologyTechnology
  • Price (USD)312.41
  • Today's Change0.535 / 0.17%
  • Shares traded1.94m
  • 1 Year change+15.44%
  • Beta1.0302
Data delayed at least 15 minutes, as of Nov 25 2024 20:59 GMT.
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Forecasts data is unavailable for this security.

Consensus recommendation

  • 14-Dec-23
  • 19-Sep-24
  • 17-Oct-24
  • 14-Nov-24
  • 22-Nov-24
Select bar for recommendation details.
Recommendations22-Nov-24
Buy5
Outperform11
Hold3
Sell0
Strong Sell1

Share price forecast in USD

The 18 analysts offering 12 month price targets for Cadence Design Systems Inc have a median target of 320.00, with a high estimate of 360.00 and a low estimate of 225.00. The median estimate represents a 2.61% increase from the last price of 311.87.
High15.4%360.00
Med2.6%320.00
Low-27.9%225.00

Earnings history & estimates in USD

On Oct 28, 2024, Cadence Design Systems Inc reported 3rd quarter 2024 earnings of 1.64 per share. This result exceeded the 1.44 consensus of the 12 analysts covering the company and exceeded last year's 3rd quarter results by 30.16%.
The next earnings announcement is expected on Feb 10, 2025.
Average growth rate+7.96%
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 3rd quarter 2024 revenues of 1.22bn. This bettered the 1.18bn consensus of the 12 analysts covering the company. This was 18.97% above the prior year's 3rd quarter results.
Average growth rate+4.65%
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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