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 Nov 30, 2023 - data is delayed in normal Mkt. hours

Stock Price 273.17
Percent Change(today) -0.74
Week 52 High 277.52
Week 52 Low 154.88
Volume (today)/Average 1.39
Earnings Date Feb 12, 2024
No of Times Closed +ve(30 days) 16

CDNS Stock Summary

Last updated Nov 30, 2023

CDNS stock price is 273.17. CDNS 52 Week low is 154.88. CDNS 52 Week high is 277.52. CDNS 200 day moving average is 227.35. It is currently trading above 200 day moving average. CDNS 50 day moving average is 249.04 which is below(bullish) the current price. RSI (relative strength index) of CDNS is 69.285 which is below (bearish) 70. Chaikin money flow (20 day) of CDNS is 0.17 which is above (bullish) 0.

CDNS (Cadence Design Systems, Inc.) Indicators

Last updated Nov 30, 2023

RSI(14) 69.285
CMF (20) 0.17
ROC (10) 2.814
ADX (14) 38.589
ATRr (14) 5.682
AROONOSC (14) 100.0
WILLAMS %R (14) -27.142
MFI (14) 65.347

CDNS Price Chart

1st December 2023 07:25

CDNS Correlated Stocks

Stock1 Stock2 Correlation

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

1st December 2023 (Data is delayed in normal mkt. hours)

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

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

1st December 2023 (Data is delayed in normal mkt. hours)

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

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

1st December 2023 (Data is delayed in normal mkt. hours)

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

CDNS Most Active Options by Volume(near term)

1st December 2023 (Data is delayed in normal mkt. hours)

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

Cadence Design Systems, Inc. is above both 50 Day and 200 Day SMA which is considered Bullish.

CDNS Moving Averages Analysis

Cadence Design Systems, Inc. has been above 50 day sma 21 times in last 30 days. Last time it was above 50 day sma was on Nov 30, 2023

Cadence Design Systems, Inc. has been above 200 day sma 21 times in last 30 days. Last time it was above 200 day sma was on Nov 30, 2023

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

Moving Averages are last updated Nov 30, 2023

Days MA
10 270.77
20 264.1
30 255.12
50 249.04
100 241.88
200 227.35

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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