CDNS Social Latest News

News Summary: Cadence Design Systems ($CDNS) reported better-than-expected 2Q23 earnings per share (EPS) of $1.22, beating estimates by 3.4%. The company also reported revenue of $976.6 million, surpassing estimates by 0.19%. Total cash stood at $873.93 million, while total debt decreased by 13.3% year-to-date to $648.55 million. Cash flow from operations (CFFO) increased by 3% year-over-year to $681.171 million. The operating margin remained flat year-over-year at 42%. The company announced a buyback of $450.119 million, with $627 million remaining authorized. The share count was reported at 271.79 million. Cadence Design Systems provided guidance for 2H23, expecting EPS of $2.54 to $2.60, slightly below estimates. The company also guided for an operating margin of 41%-42% for 2H23. Additionally, Cadence Design Systems raised its full-year 2023 EPS guidance from $4.96-$5.04 to $5.05-$5.11, representing a year-over-year increase of 18.3% to 19.7%. The company also increased its full-year 2023 operating margin guidance from 41%-42% to 41.2%-42.2%.

Last updated 2023-07-24 17:20:01

CDNS (Cadence Design Systems, Inc.) Quick Stats

Last updated May 21, 2024 - data is delayed in normal Mkt. hours

Stock Price 291.335
Percent Change(today) -0.39
Week 52 High 327.36
Week 52 Low 203.13
Volume (today)/Average 0.67
Earnings Date Apr 22, 2024
No of Times Closed +ve(30 days) 10

CDNS Stock Summary

Last updated May 21, 2024

CDNS stock price is 291.335. CDNS 52 Week low is 203.13. CDNS 52 Week high is 327.36. CDNS 200 day moving average is 270.79. It is currently trading above 200 day moving average. CDNS 50 day moving average is 296.84 which is above(bearish) the current price. RSI (relative strength index) of CDNS is 51.297 which is below (bearish) 70. Chaikin money flow (20 day) of CDNS is -0.189 which is below (bearish) 0.

CDNS (Cadence Design Systems, Inc.) Indicators

Last updated May 21, 2024

RSI(14) 51.297
CMF (20) -0.189
ROC (10) 2.134
ADX (14) 15.446
ATRr (14) 6.051
AROONOSC (14) 71.429
WILLAMS %R (14) -19.055
MFI (14) 49.499

CDNS Price Chart

21st May 2024 18:02

CDNS Options - Sort by Max open Interest (near term)

21st May 2024 (Data is delayed in normal mkt. hours)

Type Expiration Strike OI Change in
OI
Volume Ask PC Delta Vega Volatility % change Track

CDNS Daily Out of Money Options - Sort by Max open Interest (near term)

21st May 2024 (Data is delayed in normal mkt. hours)

Type Expiration Strike OI Change in
OI
Volume Ask PC Delta Vega Volatility % change

CDNS Daily In the Money Options - Sort by Max open Interest (near term)

21st May 2024 (Data is delayed in normal mkt. hours)

Type Expiration Strike OI Change in
OI
Volume Ask PC Delta Vega Volatility % change

CDNS Most Active Options by Volume(near term)

21st May 2024 (Data is delayed in normal mkt. hours)

Type Expiration Strike Volume OI Change in
OI
Ask PC Delta Vega Volatility % change

Cadence Design Systems, Inc. is not trading above both 50 Day and 200 Day SMA which is considered Bearish.

CDNS Moving Averages Analysis

Cadence Design Systems, Inc. has been above 200 day sma 22 times in last 30 days. Last time it was above 200 day sma was on May 21, 2024

CDNS (Cadence Design Systems, Inc.) Simple Moving Averages

Moving Averages are last updated May 21, 2024

Days MA
10 287.69
20 283.7
30 287.45
50 296.84
100 293.78
200 270.79

CDNS Fundamental Analysis

P/E (Forward)
P/E (Trailing)
Market Cap ($)
Earnings/Share ($)
Net Proft Margin (%)
Dividend/Share ($)
EPS Estimate Current Year ($)
EPS Estimate Next Year ($)
WallStreet Target Price ($)
Most Recent Quarter

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